PRESS RELEASES 2001 RELEASE
FOR IMMEDIATE RELEASE
May 18, 2001
Contact: News Department (415) 973-5930
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.

PG&E ISSUES STATEMENT ON COURT'S DECISION ON RATEPAYERS' COMMITTEE

Pacific Gas and Electric Company today issued the following statement after the U.S. Bankruptcy Court issued a decision vacating the United States Trustee's (UST) appointment of a Ratepayers' Committee in PG&E's pending bankruptcy case.

"Pacific Gas and Electric Company is pleased that the court determined there was no basis in the Bankruptcy Code for the creation of a Ratepayers' Committee. This decision allows for the continuation of an orderly and efficient reorganization process that the Bankruptcy Code provides.

"The company does not object to ratepayers having a voice in the process relating to matters where they have an interest. Under the Bankruptcy Code, there are legitimate, appropriate and lawful ways for ratepayers to be represented and heard in the bankruptcy process.

"We believe that by offering the California Attorney General's Office the ability to participate in this proceeding on behalf of affected California consumers, the court has fashioned an outcome which both is consistent with federal bankruptcy law and provides consumers with the ability to have their concerns appropriately aired and addressed.

"The company will continue to be open to the participation of ratepayers in a manner consistent with law."


 

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