2002 Environmental Report
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PG&E Corporation is a national energy company with approximately $12 billion in revenues in 2002, and approximately $34 billion in assets at the end of 2002. It is the parent company of Pacific Gas and Electric Company (the Utility), one of the largest natural gas and electric utilities in the United States, serving a population of 14 million in Northern and Central California. PG&E Corporation common stock is traded on the New York Stock Exchange under the symbol PCG. The Corporation's 2002 Annual Report, as well as past reports, are available at www.pgecorp.com.

Pacific Gas and Electric Company

As of December 31, 2002, Pacific Gas and Electric Company generated approximately $10.5 billion in revenues and had an asset base of approximately $24.5 billion. The Utility had approximately 4.8 million electric customer accounts and 4 million natural gas customer accounts. In 2002, Pacific Gas and Electric Company delivered over 76 million megawatt-hours (MWh) of power to its electric customers and 288 billion cubic feet (BCF) of natural gas to its natural gas customers.

Service area 70,000 square miles in Northern and Central California, with a population of around 14 million, serving about one in 20 Americans
Delivery systems 136,500 circuit miles of electric transmission and distribution lines; 45,000 miles of natural gas transmission and distribution pipelines
Electric Generating Operations Nuclear Generation: Diablo Canyon Nuclear Power Plant, 2,300 megawatts

Fossil Generation: Hunter's Point, 215 megawatts; and Humboldt Bay, 135 megawatts

Hydro Generation: California Hydroelectric System, 3,896 megawatts
Recent investments in infrastructure

$1.7 billion in 2002 and $1.3 billion in 2001

A few of the customers served by Pacific Gas and Electric Company

The company serves significant operations of some of the largest companies in America, including Albertsons, Inc., Bank of America, ChevronTexaco, IBM, Lockheed Martin, New United Motors Manufacturing, Safeway, Inc., and Sun MicroSystems

Data as of year-end 2002

PG&E Corporation is also the parent company of PG&E National Energy Group, Inc. (NEG), an integrated energy company with a focus on power generation and natural gas transmission.

PG&E National Energy Group

This report covers NEG operations during 2002. On July 8, 2003, NEG Inc., and several of its subsidiaries voluntarily filed petitions for protection under Chapter 11 of the federal bankruptcy code. With the agreement in principle of major creditors as to its key terms, NEG concurrently filed a Plan of Reorganization at the time of the Chapter 11 filing. The plan anticipates the strategic separation of PG&E Corporation from NEG and its subsidiaries after the Chapter 11 reorganization is approved by the court and implemented. As a result, PG&E Corporation no longer retains significant control over the ongoing operations of NEG.

As of December 31, 2002, the NEG owned or leased 26 power generation facilities, with 8,255 megawatts of owned or controlled capacity. NEG's Gas Transmission Northwest system transports natural gas from cost-competitive, abundant supplies in Western Canada to markets in California, Nevada and the Pacific Northwest. The company also owns the North Baja Pipeline in Southern California, which ships natural gas from U.S. producing regions to markets in Northern Mexico and Southern California.

Products and services Power generation, Interstate pipeline operations
Operating power plants 26 owned or leased power generation facilities with 8,255 megawatts of owned or controlled capacity, 56% natural gas, 31% coal, 9% hydro, 3% wind
Facility locations (operation and construction) Arizona, California, Colorado, Connecticut, Florida, Idaho, Massachusetts, Michigan, Mississippi, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont and Washington
Natural gas pipelines in operation
  • Gas Transmission Northwest Corporation (GTN); 1,350 miles
  • North Baja Pipeline (NBP); 80 miles
Average daily natural gas throughput

GTN Interconnects:

  • Kingsgate (British Columbia-Idaho border) – 2.082 billion decatherms per day (Dth/d)
  • Malin (Oregon-California border) – 1.724 billion Dth/d

NBP Interconnect:

  • Ehrenberg, AZ – 95,696 Dth/d
Data as of year-end 2002