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 AFTER STATE AND SOUTHERN CALIFORNIA EDISON REACH AN AGREEMENT
San Francisco, CA -- Pacific
Gas and Electric Company today issued the following statement after
the State and Southern California Edison reached an agreement:
"We are pleased that Southern
California Edison, given its set of facts, and the State have been
able to reach an agreement and are hopeful that this agreement will
contribute to the solution of the State's energy crisis.
"Given our set of facts,
we continue to believe that a Chapter 11 reorganization is the most
feasible means to reach a solution.
"We will proceed at the
direction of the bankruptcy court."