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 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
"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