PG&E 2010 Annual Report Download - page 121

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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, 2010 and 2009, and the
respective results of their operations and their cash flows
for each of the three years in the period ended
December 31, 2010, 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, 2010, 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 17, 2011
San Francisco, California
117