Laserfiche WebLink
ARTHUR ANDERSEN &CG* <br /> March 30, 1994 <br /> Pacific Gas and Electric Company <br /> 77 Beale Street <br /> San Francisco, CA 94177 <br /> Ladies and Gentlemen: <br /> We have audited, in accordance with generally accepted auditing standards,the consolidated financial <br /> statements and schedule of consolidated segment information of Pacific Gas and Electric Company(a <br /> California corporation)and subsidiaries for the year ended December 31, 1993,and have issued our report <br /> thereon dated February 16, 1994. We have not performed any auditing procedures since that date. Our <br /> report on the 1993 consolidated financial statements includes explanatory paragraphs that describe the <br /> uncertainties regarding the ultimate outcome of the gas reasonableness proceedings, the recovery of <br /> certain Helms costs and revenues and the Hinkley litigation,as discussed in notes 2 and 11 to the <br /> consolidated financial statements. In addition, our report includes an explanatory paragraph indicating <br /> that,effective January 1, 1993,the Company changed its method of accounting for postretirement benefits <br /> and income taxes as discussed in notes 1 and 7 to the consolidated financial statements. <br /> At your request,we have read the letter dated March 30, 1994 from your Vice President and Chief <br /> Financial Officer to the State Water Resources Control Board,Division of Clean Water Programs, and <br /> compared the data therein that are specified as having been derived from the audited consolidated <br /> financial statements for the year ended December 31, 1993, referred to above,with the corresponding <br /> amounts in those consolidated financial statements. In connection with this procedure, no matters came <br /> to our attention that caused us to believe that the specified data should be adjusted. <br /> This report is furnished solely for the use of the Company and the State Water Resources Control Board, <br /> Division of Clean Water Programs,and should not be used for any other purpose. <br /> Very truly yours, <br />