COMPARISON OF POSITIONS ON UNRECOVERED COSTS FOR PG&E
The table below presents a comparison of the positions of Pacific Gas and Electric ("PG&E") and the Office of Ratepayer Advocates ("ORA") on total unrecovered costs at the end of 2003. This table was submitted by ORA and PG&E as a joint exhibit in the CPUC bankruptcy proceeding (Exhibit 184).
| 1 | Balancing Account Uncollected Costs at 12/31/00 | 6,952 | 6,952 |
| 2 | Adjustment for URG net Plant | (1,610) | (1,610) |
| 3 | Increased 2001 Return and Taxes on Retained Generation Plant | 387 | - 0 - |
| 4 | Incremental Interest Expense | 1,287 | - 0 - |
| 5 | Foregone Tax Benefits | 133 | - 0 - |
| 6 | Bankruptcy Litigation Costs | 444 | - 0 - |
| 7 | Corp Gas Hedge Contract Termination | (16) | - 0 - |
| 8 | Corp Gas Hedge Contract Termination | 112 | - 0 - |
| 9 | 2001 Headroom | (780) | (547) |
| 10 | 2002 Headroom | (2,368) | (3,131) |
| 11 | Settlement Headroom for 2003 | (875) | (875) |
| 12 | |||
| 13 | Total Pre-Tax Unrecovered Costs at 12/31/03 | 3,666 | 789 |
After-Tax Unrecovered Costs: $2.2 Billion $475 Million
