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.
COMMENTS ON TODAY'S ENERGY CRISIS HEARING
(Sacramento, CA) ?PG&E
Corporation’s Chairman, CEO and President Robert D. Glynn, Jr.,
today issued the following statement after testifying before the
Energy Cost and Availability Subcommittee on Electrical Energy Oversight
on the California energy crisis:
"We are pleased that we
had the opportunity to share important information with the members
of the committee and directly respond to their questions about this
crisis and the complicated issues it involves. Today’s hearing,
combined with the California Public Utilities Commission’s independent
review more than answer all the questions raised about the relationship
between the holding company and its affiliated operations."
"Now it is time for the
Legislature and the California Public Utilities Commission to move
forward and take the steps necessary to resolve the state’s energy
crisis: namely, to make sure that energy is available, service is
reliable, and the utilities are viable. Strong, successful utility
companies are vital to the California’s energy future, as the Governor
and Legislature have said. The sooner the state takes steps to achieve
this goal, the sooner we can have a comprehensive, long-term solution
to this crisis."