UNITS OF
MEASUREMENT
1
Kilowatt (kW)
=
One
thousand watts
1
Kilowatt-Hour (kWh)
One
kilowatt continuously for one hour
1
Megawatt (MW)
One
thousand kilowatts
1
Megawatt-Hour (MWh)
One
megawatt continuously for one hour
1
Gigawatt (GW)
One
million kilowatts
1
Gigawatt-Hour (GWh)
One
gigawatt continuously for one hour
1
Kilovolt (kV)
One
thousand volts
1
MVA
One
megavolt ampere
1
Mcf
One
thousand cubic feet
1
MMcf
One
million cubic feet
1
Bcf
One
billion cubic feet
1
MDth
One
thousand decatherms
iii
Item
1. Business
Corporate Structure
and Business
PG&E
Corporation, incorporated in California in 1995, is a holding company whose
primary purpose is to hold interests in energy-based
businesses. PG&E Corporation conducts its business principally
through Pacific Gas and Electric Company (“Utility”), a public utility operating
in northern and central California. The Utility engages in the
businesses of electricity and natural gas distribution; electricity generation,
procurement, and transmission; and natural gas procurement, transportation, and
storage. The Utility was incorporated in California in
1905. PG&E Corporation became the holding company of the Utility
and its subsidiaries on January 1, 1997.
The
Utility served approximately 5.1 million electricity distribution customers
and approximately 4.3 million natural gas distribution customers at
December 31, 2009. The Utility had approximately
$42.7 billion in assets at December 31, 2009 and generated revenues of
$13.4 billion in 2009. Its revenues are generated mainly through the
sale and delivery of electricity and natural gas. The Utility is
regulated primarily by the California Public Utilities Commission (“CPUC”) and
the Federal Energy Regulatory Commission (“FERC”). In addition, the
Nuclear Regulatory Commission (“NRC”) oversees the licensing, construction,
operation, and decommissioning of the Utility’s nuclear generation
facilities.
Corporate and Other
Information
The
principal executive office of PG&E Corporation is located at One Market,
Spear Tower, Suite 2400, San Francisco, California 94105, and its telephone
number is (415) 267-7000. The principal executive office of the
Utility is located at 77 Beale Street, P.O. Box 770000, San Francisco,
California 94177, and its telephone number is
(415) 973-7000. PG&E Corporation and the Utility file or
furnish various reports with the Securities and Exchange Commission
(“SEC”). These reports, including Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any
amendments to those reports filed or furnished pursuant to Sections 13(a) or
15(d) of the Securities Exchange Act of 1934, as amended, are available free of
charge on both PG&E Corporation's website, www.pgecorp.com, and the
Utility's website, www.pge.com, as
promptly as practicable after they are filed with, or furnished to, the SEC
.. The information contained on these websites is not incorporated by
reference into this Annual Report on Form 10-K and should not be considered
part of this report.