	pacific gas pcg accounting change to cut net pacific gas and electric co said it expects to record a mln dlr or dlr per share reduction in ings because of the company s decision to change the method used to record diablo canyon nuclear power plant revenues the accounting change will not affect the company s cash position and the company intends to continue paying its dividend at the annual rate of dlrs per share last year pacific gas reported ings of mln dlrs or dlrs per share pacific gas said the accounting change was prompted by delays in the receipt of a california public utilities commission decision on the company s application for rate relief to recover the billion dlr cost of constructing units one and two of the diablo canyon nuclear power project it said the commission is currently allowing the company to recover pct of the cost of owning and operating the plants as a result mln dlrs has been accumulating each month as deferred non cash account receivable which has been included in current income but the accounting change effective january will reflect only cash received through interim rates approved by the commission pacific gas and electric said it also said the commission is now awaiting its public staff division s report which will recommend how much of the billion dlr investment pacific gas should be allowed to recover in rates the company further stated that it is confident it will receive an objective review of the facts it also said it intends to seek additional interim rates pacific gas began construction of the two nuclear power units in after a number of construction delays unit one went into operation in may and unit two went on line in march last year reuter 
