PG&E 2012 Annual Report Download - page 123

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 15: COMMITMENTS AND CONTINGENCIES (Continued)
liability incurred may be subject to change. Future changes in estimates or assumptions could have a material impact
on PG&E Corporation’s and the Utility’s future financial condition.
Reasonably Possible Environmental Contingencies
Although the Utility has provided for known environmental obligations that are probable and reasonably
estimable, the Utility’s undiscounted future costs could increase to as much as $1.6 billion (including amounts related
to the Hinkley and Topock sites described above) if the extent of contamination or necessary remediation is greater
than anticipated or if the other potentially responsible parties are not financially able to contribute to these costs,
and could increase further if the Utility chooses to remediate beyond regulatory requirements. The Utility may incur
actual costs in the future that are materially different than this estimate and such costs could have a material impact
on PG&E Corporation’s and the Utility’s results of operations during the period in which they are recorded.
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