This excerpt taken from the PCG 8-K filed Oct 28, 2005.
Pending CPUC Investigations
On March 17, 2005, the CPUC issued an order that institutes an investigation into the circumstances surrounding a fire that occurred at the Utilitys Mission Street substation in San Francisco in December 2003 and the ensuing power outage. Approximately 100,000 of the Utilitys customers were affected by the outage, which began in the early evening of December 20, 2003. While most customers had their power restored by the next morning, the outage lasted more than 24 hours for some customers. The CPUCs order notes that the CPUC has authority to impose penalties in the amount of $500 to $20,000 per day per offense for violations of the Public Utilities Code. The order states that the CPUC may consider a penalty for each customer that lost power, or for each day the outage was ongoing.
In addition, the CPUC issued a press release noting that CPUC staff also would investigate the causes of a fire and power outage that originated at the Mission Street substation on March 26, 2005, that affected approximately 23,500 of the Utilitys customers.
The CPUCs Consumer Protection and Safety Division, or CPSD, will make a penalty recommendation in July 2005. A final decision on the investigation is expected during the fourth quarter of 2005. PG&E Corporation and the Utility are unable to predict whether the outcome of this matter will have a material adverse effect on their results of operation or financial condition.
The CPUC also is conducting an investigation into the Utilitys billing and collection practices that has been opened at the request of The Utility Reform Network, or TURN. Although a definitive schedule has not yet been set, on March 22,
2005, the CPUC administrative law judge presiding over the investigation considered a schedule that contemplated the following:
If the CPUC finds that the Utility violated applicable tariffs or the CPUCs orders or rules, the CPUC may impose penalties on the Utility or order the Utility to refund any amounts collected in violation of tariffs, plus interest, to customers who paid such amounts. 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 Corporations or the Utilitys results of operations or financial condition.