Common use of Competitive Challenges Clause in Contracts

Competitive Challenges. The parties recognize that the utility landscape is changing due to changing energy policies and competition, especially in California. The political and regulatory challenges will require both parties’ efforts to combat many obstacles on the horizon. To meet these challenges, PG&E must be safe and reliable and affordable to establish itself as the provider of choice for our customers. However, to further position PG&E and its employees for a successful future, it is in the parties mutual interest to work together to address the reality that our customers’ choices continue to grow. Therefore, the parties have also agreed to establish a Strategic Opportunities Committee that will be charged with finding opportunities to partner and face the competitive challenges in our industry. The Strategic Opportunities Committee shall consist of an equal number of employees appointed by the Company and Union respectively.