PG&E 2012 Annual Report Download - page 13

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meeting regulatory requirements; whether the Utility is able to protect its operating systems and networks
from damage, disruption, or failure caused by cyber-attacks, computer viruses, or other hazards; whether the
Utility’s security measures are sufficient to protect confidential customer, vendor, and financial data contained
in such systems and networks; and whether the Utility can continue to rely on third-party vendors and
contractors that maintain and support some of the Utility’s operating systems;
• the extent to which costs incurred in connection with third-party claims or litigation are not recoverable
through insurance, rates, or from other third parties;
• the ability of PG&E Corporation and the Utility to access capital markets and other sources of debt and
equity financing in a timely manner on acceptable terms;
• the impact of federal or state laws or regulations, or their interpretation, on energy policy and the regulation
of utilities and their holding companies, including how the CPUC interprets and enforces the financial and
other conditions imposed on PG&E Corporation when it became the Utility’s holding company, and whether
the outcome of proceedings and investigations relating to the Utility’s natural gas operations affects the
Utility’s ability to make distributions to PG&E Corporation in the form of dividends or share repurchases;
and, in turn, PG&E Corporation’s ability to pay dividends;
• the outcome of federal or state tax audits and the impact of any changes in federal or state tax laws, policies,
or regulations; and
• the impact of changes in generally accepted accounting principles, standards, rules, or policies, including those
related to regulatory accounting, and the impact of changes in their interpretation or application.
For more information about the significant risks that could affect the outcome of these forward-looking
statements and PG&E Corporation’s and the Utility’s future financial condition, results of operations, and cash flows,
see ‘‘Risk Factors’’ below. PG&E Corporation and the Utility do not undertake an obligation to update forward-
looking statements, whether in response to new information, future events, or otherwise.
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