2010 FERC Form 1 - Pacific Gas and Electric Company

Name of Respondent
PACIFIC GAS AND ELECTRIC COMPANY
This Report is:
(1) X An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
04/08/2011
Year/Period of Report
2010/Q4
FOOTNOTE DATA
Schedule Page: 110 Line No.: 2 Column: c
Consistent with prior periods, the amounts shown for Utility Plant in Line 2 and
Accumulated Depreciation in Line 5, columns c and d, are reported on a regulatory basis of
accounting. They do not reflect accounting entries in the Utility’s 2010 and 2009 Annual
Report to Stockholders in accordance with generally accepted accounting principles
("GAAP"). These entries totaling $7,091,071,387 for column c and $7,085,436,368 for column
d reduced in equal amounts Utility Plant and Accumulated Depreciation for the impairment
of Diablo Canyon, Helms, and South Yuba generation facilities.
Schedule Page: 110 Line No.: 2 Column: d
Refer to the footnote for Line 2, column c.
Schedule Page: 110 Line No.: 5 Column: c
This line is reported on a regulatory basis of accounting as described in the footnote for
Line 2. Further, it does not reflect accounting entries in the Utility’s 2010 Annual
Report to Stockholders in accordance with GAAP, which reduced accumulated depreciation by
$3,114,186,964 and increased regulatory liabilities by $3,228,952,134 and regulatory
assets by $114,765,170 for removal costs that are collected or will be collected in rates
through depreciation in accordance with regulatory treatment. These amounts do not
represent SFAS No. 143 asset retirement obligations. Historically, these removal costs had
been recorded in accumulated depreciation. However, as a result of guidance from the SEC,
the Utility reclassified this obligation to a regulatory liability in its balance sheet in
accordance with GAAP.
Schedule Page: 110 Line No.: 5 Column: d
This line is reported on a regulatory basis of accounting as described in the footnote for
Line 2. Further, it does not reflect accounting entries in the Utility’s 2009 Annual
Report to Stockholders in accordance with GAAP, which reduced accumulated depreciation by
$2,898,850,137 and increased regulatory liabilities by $2,932,544,412 and regulatory
assets by $33,694,275 for removal costs that are collected or will be collected in rates
through depreciation in accordance with regulatory treatment. These amounts do not
represent SFAS No. 143 asset retirement obligations. Historically, these removal costs had
been recorded in accumulated depreciation. However, as a result of a guidance from the
SEC, the Utility reclassified this obligation to a regulatory liability in its balance
sheet in accordance with GAAP.
Schedule Page: 110 Line No.: 72 Column: c
Refer to the footnote for Line 5, column c on page 110.
Schedule Page: 110 Line No.: 72 Column: d
Refer to the footnote for Line 5, column d on page 110.
FERC FORM NO. 1 (ED. 12-87) Page 450.1