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.
NAMED VICE PRESIDENT, FINANCE AND TREASURY OF PG&E NATIONAL ENERGY
GROUP; NEW POSITION TO LEAD MOVE INTO INVESTMENT MARKET
Bethesda, Md. - PG&E Corporation's
(NYSE: PCG) National Energy Group today announced the appointment
of John Barpoulis, 36, to the newly created position of National
Energy Group Vice President, Finance and Treasury, reporting to
the company's Chief Financial Officer.
"John's proven expertise
in project financings, restructuring, acquisitions, and corporate
transactions have been an invaluable asset to the National Energy
Group," said John Cooper, National Energy Group Senior Vice President
and Chief Financial Officer. "The Company created this position
to enable us to fully leverage his experience and abilities, adding
a significant new dimension to our financial management and planning
organization," he said.
Barpoulis joined the finance
group of PG&E Generating Company, one of the National Energy Group's
Barpoulis holds a bachelor
of arts degree in physics from Vassar College, a bachelor of engineering
degree in mechanical engineering from Dartmouth College, and a master
of business administration degree from the Tuck School of Business
PG&E Corporation with 1999
revenues of nearly $21 billion and operations in 21 states, markets
energy services and products throughout North America through its
National Energy Group. The Corporation has ownership and management
interests in more than 30 power plants and has one of the largest
energy trading and risk management programs in North America.