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.

PACIFIC GAS AND ELECTRIC COMPANY ISSUES THE FOLLOWING STATEMENT FOLLOWING THE PASSAGE OF AB 1X

SAN FRANCISCO - Pacific Gas and Electric Company today issued the following statement after the passage of AB 1X:

"Today, the Governor and the State Legislature took a positive step forward to ensure the continued reliability of electricity for our 4.6 million customers. This is an enormously complex issue and one that has required tremendous diligence and commitment to the public good on the part of our elected officials.

"There is still much that remains to be done, however, before California can declare the crisis over. But as the Governor has said, 'we are far from powerless' to fix our power problems. Over the next few days, we will continue to work with policymakers and others to find solutions to the remaining issues."