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February 09, 2001
Contact: PG&E Corporation
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.


(Sacramento, CA) ?PG&E Corporationís 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. Todayís hearing, combined with the California Public Utilities Commissionís 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 stateís 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 Californiaís 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."


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