This excerpt taken from the PCG 8-K filed Dec 28, 2005.
E. Pending CPUC Investigation into the Utility’s Billing and Collection Practices
As previously disclosed, the schedule in the CPUC’s pending investigation into the Utility's billing and collection practices called for the CPUC’s Consumer Protection and Safety Division (CPSD) and any other interested party to file their reports regarding the Utility’s practices by December 16, 2005. On December 16, 2005, the CPSD requested an extension. A telephone conference will be held on January 3, 2006, at which it is expected that a new due date for the CPSD’s and other parties' reports will be determined. It is anticipated that the CPSD and The Utility Reform Network will submit reports that may recommend that the Utility be required to make refunds and pay penalties if the CPUC finds that the Utility violated applicable tariffs or the CPUC's orders or rules.
PG&E Corporation and the Utility continue to believe that the ultimate outcome of this matter will not have a material adverse effect on PG&E Corporation's or the Utility's financial condition or results of operations.