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.
STATEMENT FOLLOWING CLOSE OF CALIFORNIA SETTLEMENT NEGOTIATIONS
San Francisco — Following
conclusion of the California Settlement Negotiations, Pacific Gas
and Electric Company issued the following statement:
"Pacific Gas and Electric
Company is sincerely appreciative of the Federal Energy Regulatory
Commission (FERC) and Chief Judge Curtis Wagner for providing this
forum to address the outstanding issues associated with California's
"During the past 15 days,
the parties have engaged in useful dialogue that has produced a
better understanding of the various positions and options for resolution.
While the parties were not able to reach an immediate agreement,
we believe that these discussions provide a solid basis for further
negotiations and a record to assist the FERC with their decision-making.
"We remain committed to
working to ensure that California consumers will pay just and reasonable
costs for electricity. And we are hopeful that the parties can continue
the discussions on a good faith basis without finger pointing and