PG&E 2007 Annual Report Download - page 8

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Above all, we remain absolutely committed
to — and con dent in — our vision of
becoming the leading utility.  e broader
trends in the industry and the economy only
rea rm that our future depends on our ability
to evolve with — or ahead of — the forces
changing our business.
As I recently heard it said, the best way to
predict the future is to create it.  at’s what
we are working to do today.
It is why we undertook a transformation
e ort more sweeping than any other utility.
It is why we are remaking our culture to
operate with the mindset of a competitive
company.
It is why we are embracing and experi-
menting with new technology more quickly
and extensively than ever.
It is why we have been among the  rst
to spark a national conversation on climate
change among business leaders.
It is why we have recruited — and been
able to attract — highly talented new addi-
tions to our team.
And it is why I believe that PG&E is
poised better than any other utility to take
advantage of the opportunities ahead.
We know of no better way to drive
toward this result than to keep our sights on
being the leader in the business — and you can
count on us to continue doing so.
Sincerely,
Peter A. Darbee
Chairman of the Board, Chief Executive
O cer, and President, PG&E Corporation
March 10, 2008
to employ this technology on such a large
scale, we believe our customers will be
among the  rst to bene t from new incentive
pricing structures and precision energy
management tools.
On average, over 50 percent of the energy
PG&E currently supplies already comes
from sources that emit no greenhouse gases.
 ese include our hydroelectric system and
the Diablo Canyon nuclear power plant.
Last year we also took additional steps
to increase the supply of renewable energy
that will be available to our customers in the
future. Already one of the nation’s largest
buyers of renewable energy, in 2007, PG&E
signed eight new renewable energy contracts,
adding over 2,700 gigawatt-hours of annual
supply.  ese included some of the largest
agreements yet for utility-scale concentrat-
ing-solar power, and, more recently, the
 rst agreement to purchase wave energy
generated by the Paci c Ocean. With these
future commitments, we are on track to meet
the state’s renewable energy goals.
Our activities also include reducing the
impacts of our own operations. For example,
we are seeking to sharply reduce energy use
in PG&E’s data centers. Within our utility
 eet, our teams are test-driving a number of
cleaner vehicles, including a hybrid bucket
truck and plug-in hybrid sport utility vehicles.
And we are o setting the carbon emissions
associated with the energy used at all of our
o ce facilities throughout the state.
Staying Faithful to Our Vision
Entering 2008, we know we have work to
do in order to recapture the momentum that
has carried us so far in the past few years.
Our team shares this understanding. We
know what it requires, and we are holding
ourselves accountable for delivering it.