PCG » Topics » Commitments

This excerpt taken from the PCG 8-K filed Oct 28, 2005.

Commitments

 

PG&E Corporation

 

PG&E Corporation has previously agreed to accept the assignment of certain Canadian natural gas pipeline firm transportation contracts effective November 1, 2007, through October 31, 2023, the remaining term of the contracts’ duration. The firm quantity under the contracts is approximately 50 million cubic feet per day, or MMcf/d, and PG&E Corporation has estimated annual reservation charges will range between approximately $10 million and $12 million. During the term of the contracts, the applicable reservation charges will equal the full tariff rates set by regulatory authorities in Canada and the United States, as applicable. PG&E Corporation is unable to predict the utilization of these contracts, which will depend on market prices, customer demand, and approval of cost recovery by the CPUC, among other factors. PG&E Corporation intends to assign these contracts to the Utility.

 

Utility

 

This excerpt taken from the PCG 10-K filed Feb 18, 2005.

Commitments

PG&E Corporation

        PG&E Corporation has previously agreed to accept the assignment of certain Canadian natural gas pipeline firm transportation contracts effective November 1, 2007, through October 31, 2023, the remaining term of the contracts' duration. The firm quantity under the contracts is approximately 50 million cubic feet per day, or MMcf/d, and PG&E Corporation has estimated annual reservation charges will range between approximately $10 million and $12 million. During the term of the contracts, the applicable reservation charges will equal the full tariff rates set by regulatory authorities in Canada and the United States, as applicable. PG&E Corporation is unable to predict the utilization of these contracts, which will depend on market prices, customer demand, and approval of cost recovery by the CPUC, among other factors. PG&E Corporation intends to assign these contracts to the Utility.

Utility

EXCERPTS ON THIS PAGE:

8-K
Oct 28, 2005
10-K
Feb 18, 2005
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