8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: September 6, 2011 (Date of earliest event reported)
PG&E CORPORATION
(Exact Name of Registrant as specified in Charter)
California	1-12609		94-3234914
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
One Market, Spear Tower, Suite 2400, San Francisco, CA		94105
(Address of principal executive offices)		(Zip code)
415-267-7000
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
PACIFIC GAS AND ELECTRIC COMPANY
(Exact Name of Registrant as specified in Charter)
California	1-2348		94-0742640
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
77 Beale Street, P. O. Box 770000, San Francisco, California				94177
(Address of principal executive offices)				(Zip code)
(415) 973-7000
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

During the week of September 7, 2011, Kent M. Harvey, Senior Vice President and Chief Financial Officer of PG&E Corporation, will meet with various investment professionals.  The materials attached to this report as Exhibit 99 will be used during these meetings.  These materials can be accessed through the “Investors” section of PG&E Corporation’s website at www.pgecorp.com.  The information included in Exhibit 99 is incorporated by reference in response to this Item 7.01, and is deemed to be furnished, not filed, pursuant to Item 7.01 of Form 8-K.

Item 9.01 Financial Statements and Exhibits

Exhibits

The following exhibit is being furnished, and is not deemed to be filed:

Exhibit 99 PG&E Corporation materials used in investor discussions on September 7-9, 2011

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	PG&E CORPORATION
Dated: September 6, 2011	By:	LINDA Y.H. CHENG
		LINDA Y.H. CHENG  Vice President, Corporate Governance  and Corporate Secretary

	PACIFIC GAS AND ELECTRIC COMPANY
Dated: September 6, 2011	By:	LINDA Y.H. CHENG
		LINDA Y.H. CHENG  Vice President, Corporate Governance  and Corporate Secretary

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EXHIBIT INDEX

Exhibit 99 PG&E Corporation materials used in investor discussions on September 7-9, 2011

EX-99

®

PG&E

Corporation

Barclays Capital CEO Energy - Power Conference

September 7- 8, 2011

Kent Harvey
Chief Financial Officer, PG&E Corporation

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Cautionary Language Regarding
Forward-Looking Statements

This presentation contains forward-looking statements regarding the estimated future costs Pacific Gas and Electric
Company (“Utility”) will incur associated with its natural gas pipeline operations, including forecasted costs under the
Utility’s proposed implementation plan to conduct hydrostatic pressure tests and/or replace pipelines (“Implementation
Plan”), estimated third-party liabilities related to the rupture of a natural gas pipeline that occurred in a residential area of
San Bruno, California on September 9, 2010 (“San Bruno Accident”), potential future insurance recoveries for third-party
liability costs related to the San Bruno accident, and the estimated financial impact that these matters will have on PG&E
Corporation’s and the Utility’s income available for common shareholders.These statements are based on various
assumptions and management’s current knowledge of relevant facts.Actual results could differ materially based on
various factors, including:

•     how the determination by the National Transportation Safety Board (“NTSB”) of the probable cause of the San Bruno accident will affect the
      outcome of pending and future regulatory, legislative, or other proceedings or investigations related to the San Bruno accident and the safety of
      the Utility’s natural gas transmission pipelines;

•     the scope, timing of the final Implementation Plan that is approved by the CPUC and whether the CPUC approves the Utility’s proposed
      allocation of Implementation Plan-related costs between shareholders and ratepayers;

•     the actual level of costs incurred outside the scope of the Implementation Plan, such as costs to gather pipeline documents, conduct additional
      leak surveys and inspections, engage in customer outreach, test in-line camera inspection technologies, and participate in the ongoing legal
      and regulatory proceedings and investigations involving the San Bruno accident and natural gas pipeline matters;

•     the results of the CPUC’s independent audit being conducted on the costs incurred by the Utility since 1996 on its natural gas transmission
      pipelines;

•     the outcome of the CPUC’s investigation of the December 24, 2008 natural gas explosion in Rancho Cordova;

•     whether the Utility incurs civil or criminal penalties as a result of the pending or future proceedings and investigations related to the Utility’s
      operations;

•changes in estimated third-party liability claims or insurance recoveries related to the San Bruno accident;

•the costs to comply with new state or federal requirements applicable to natural gas transmission pipelines and whether
the Utility is able to recover such costs through rates;

•whether the Utility incurs additional third-party liabilities or other costs in connection with service disruptions that may
occur as the Utility decreases or increases pressure in its natural gas transmission system to comply with regulatory
orders; and

•other factors and risks discussed in PG&E Corporation and the Utility’s 2010 Annual Report on Form 10-K and other
reports filed with the Securities and Exchange Commission.

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Incoming Chairman, CEO and Page 4
President Overview

Key Ratemaking ProceedingsPage 5

Gas MattersPage 6

AppendixPage 11

Table of Contents

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Tony Earley
Incoming Chairman of the Board, CEO and President
PG&E Corporation

Start Date:

September 13, 2011

Key Attributes & Experience:

Industry veteran

Operational experience (electric, gas and nuclear)

Track record of working with stakeholders

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Key Ratemaking Proceedings

Proceeding	Effective Through
•General Rate Case      (Electric and gas distribution, generation base revenues)	2013
•Gas Transmission & Storage Case      (Gas transmission and storage base revenues)	2014
•Transmission Owner 13 Rate Case      (Electric transmission base revenues)	Late 2012(1)
•Cost of Capital      (ROE and equity ratio)	2012

(1) Current rates are in place until PG&E files an update

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NTSB - Probable Cause and
Next Steps

On August 30, 2011, the NTSB determined that the probable cause
of the San Bruno accident was:

1.Inadequate PG&E quality assurance and quality control in
1956 during the Line 132 relocation project

2.Inadequate PG&E pipeline integrity management program

26 recommendations in total, with eight specific to PG&E,
were issued as a result of the NTSB’s investigation.

Final report will ultimately be posted

on the NTSB’s website

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Gas Pipeline Order Instituting Rulemaking

•  Focused on new standards and practices for safety and
   integrity of gas pipelines in California

•  As directed by the CPUC, California’s natural gas
   transmission operators developed and filed

   comprehensive pipeline pressure testing or replacement

   plans on August 26, 2011

•  As directed by the CPUC, PG&E’s plan included a cost
   sharing proposal between shareholders and customers

CPUC Rulemaking

Next Step: Hearings scheduled for November 7-10 & 14

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PG&E filed its $2.2 billion Pipeline Safety Enhancement Plan (PSEP)
on August 26, 2011.

Proposed costs for Phase 1 (2011-2014) and other pipeline-related costs

CPUC Rulemaking and Other
Pipeline Costs 2010 - 2014

Forecast Costs in $MM	2010	2011	2012	2013	2014	Total
PSEP Expense		220.7	231.1	154.8	143.9	750.5
Post-1970 Pipe Expense		39.0	42.8	12.7	3.2	97.7
2011 Capital-Related Costs(1)		1.4	-	-	-	1.4
Additional Gas Pipeline-Related Expense	63.3	152.1	*	*	*	215.4*
Subtotal Gas Pipeline-Related Expense	63.3	413.2	273.9	167.5	147.1	1,065.0
Proposed Shareholder Allocation	63.3	413.2	42.8*	12.7*	3.2*	535.2*
PSEP Capital		68.9	384.3	480.3	499.9	1,433.4

(1)2011 capital-related revenue requirement (including depreciation, taxes, and return) for capital projects forecast to be
operational in 2011 will be funded by shareholders)

*Does not include ongoing costs associated with regulatory and legal proceedings and other gas pipeline related activities
outside the scope of the PSEP. Also does not include potential fines or penalties.

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Record Keeping Order Instituting Investigation

OII will take into account NTSB findings

Could result in fines or penalties

•Examine PG&E’s gas transmission recordkeeping practices
for compliance with regulatory standards

•Determine whether deficient recordkeeping caused or
contributed to the San Bruno pipeline accident

CPUC Investigation

Next Step: Pre-hearing conference scheduled for

September 6, 2011

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Estimated 2011 Financial Impacts of
Gas Pipeline Matters

	Incurred Costs	Third Party Liability Accrual	Insurance Recoveries
2010 Actual	$63 million	$220 million	$0
2011 Actual(1)	$126 million	$59 million	$60 million
2011 Estimated Range(2)	$350 - $550 million(3)	$59 - $180 million	$60 million

2011 Forecast Costs and Recoveries

Related to Gas Pipeline Matters

PG&E expects most of the costs associated with third-party
claims to be recovered through insurance

(1) Incurred through end of Q2 2011

(2) Current of as August 4, 2011, the date of PG&E Corporation’s Q2 earnings release

Ranges do not include estimates of potential fines or penalties, or of future insurance recoveries

(3) The point estimate of $413.2 million provided on page 7 includes all cost components incorporated in the 2011 estimated
range.

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Appendix

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Key Regulatory Proceedings