PG&E 2013 Annual Report Download - page 113

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
PG&E Corporation and Pacific Gas and Electric Company
San Francisco, California
We have audited the accompanying consolidated balance sheets of PG&E Corporation and subsidiaries (the
‘‘Company’’) and of Pacific Gas and Electric Company and subsidiaries (the ‘‘Utility’’) as of December 31, 2013 and
2012, and the Company’s related consolidated statements of income, comprehensive income, equity, and cash flows
and the Utility’s related consolidated statements of income, comprehensive income, shareholders’ equity, and cash
flows for each of the three years in the period ended December 31, 2013. These financial statements are the
responsibility of the Company’s and the Utility’s management. Our responsibility is to express an opinion on these
financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements 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,
2013 and 2012, and the results of their operations and their cash flows for each of the three years in the period
ended December 31, 2013, in conformity with accounting principles generally accepted in the United States of
America.
As discussed in Note 14 to the consolidated financial statements, there are three investigative enforcement
proceedings pending with the California Public Utilities Commission that may result in material amounts of
penalties.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the Company’s and the Utility’s internal control over financial reporting as of December 31, 2013, based on
the criteria established in Internal Control—Integrated Framework (1992) issued by the Committee of Sponsoring
Organizations of the Treadway Commission and our report dated February 11, 2014 expressed an unqualified opinion
on the Company’s and the Utility’s internal control over financial reporting.
/s/ DELOITTE & TOUCHE LLP
San Francisco, California
February 11, 2014
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