SAN FRANCISCO - PG&E Corporation's (NYSE: PCG)
utility unit, Pacific Gas and Electric Company, has
received approval from the U.S. Bankruptcy Court to
pay $310 million of 6-1/4 percent Series 93G First and
Refunding Mortgage Bonds maturing March 1, 2004. Pacific
Gas and Electric Company will pay the bondholders from
its current available cash.
Bondholders who hold the bonds in a brokerage account
will have principal and interest paid to their account.
Certificate holders will need to deliver their certificates
to the trustee, The Bank of New York, to receive payment
for the principal. Interest checks to certificate holders
will be mailed separately.