5
OCC/CPUC Plan (continued)
The OCC/CPUC Plan provides stability, repays
creditors in full and allows PG&E to emerge from bankruptcy with
an investment grade credit profile
¨Cost-of-service rate making provides cash
flow stability
¨Reorganization Agreement ensures recovery of
financing costs associated with the
OCC/CPUC Plan
¨Achievable in today’s capital markets
¨Strengthens credit profile via amortization
of a $1.75 billion regulatory asset over
10 years