EDITORS: Please do not use
"Pacific Gas and Electric" or "PG&E" when
referring to PG&E Corporation or its National Energy Group.
The PG&E National Energy Group is not the same company as Pacific
Gas and Electric Company, the utility, and is not regulated by the
California Public Utilities Commission. Customers of Pacific Gas
and Electric Company do not have to buy products or services from
the National Energy Group in order to continue to receive quality
regulated services from Pacific Gas and Electric Company.
CEO APPLAUDES STATE AND FEDERAL LEADERSHIP ON ENERGY CRISIS
SAN FRANCISCO - PG&E Corporation
Chairman, CEO, and President Robert D. Glynn, Jr. today issued the
following statement in response to the announcements made by Energy
Secretary Bill Richardson, Federal Energy Regulatory Commission
Chairman James Hoecker, Senator Dianne Feinstein, and Governor Gray
Davis, regarding California's power crisis:
"PG&E Corporation appreciates
the leadership shown today by state and federal officials in addressing
the crisis in California's energy sector. They are clearly working
to find solutions to the immediate crisis, giving Californians reason
for optimism that long-term solutions can be developed, as well.
"I am especially gratified
that Governor Davis and Senator Feinstein underscored the irreplaceable
role that California's utilities have in powering the state's economy.
Governor Davis and Senator Feinstein see clearly that only financially
healthy utilities can continue to provide service, and ultimately
must play a role in fostering long-term solutions.
"We applaud Secretary Richardson
for taking immediate actions to make additional power available
to California at reasonable costs. We also welcome his call for
a settlement conference of the parties and would participate in
any such forum."