PG&E 2009 Annual Report Download - page 119

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Because of the inherent limitations of internal control
over financial reporting, including the possibility of
collusion or improper management override of controls,
material misstatements due to error or fraud may not be
prevented or detected on a timely basis. Also, projections
of any evaluation of the effectiveness of the internal
control over financial reporting to future periods are
subject to the risk that the controls may become
inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.
In our opinion, the consolidated financial statements
referred to above present fairly, in all material respects, the
financial position of PG&E Corporation and subsidiaries
and of Pacific Gas and Electric Company and subsidiaries
as of December 31, 2009 and 2008, and the respective
results of their operations and their cash flows for each of
the three years in the period ended December 31, 2009, in
conformity with accounting principles generally accepted
in the United States of America. Also, in our opinion, the
Company and the Utility maintained, in all material
respects, effective internal control over financial reporting
as of December 31, 2009, based on the criteria established
in Internal Control — Integrated Framework issued by the
Committee of Sponsoring Organizations of the Treadway
Commission.
DELOITTE & TOUCHE LLP
February 19, 2010
San Francisco, CA
115