PRESS RELEASES 2001 RELEASE
FOR IMMEDIATE RELEASE
January 08, 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.

PG&E Comments on Federal Court Ruling in Edison Lawsuit

(San Francisco, CA) - Following is a statement issued today by Pacific Gas and Electric Company in response to a federal court ruling this morning that upholds the recoverability of wholesale power costs in a case brought by Southern California Edison against the California Public Utilities Commission:

"PG&E is pleased that the federal judge in Los Angeles has agreed with Southern California Edison's assertion that federal law entitles the utility to recover its reasonably incurred wholesale power costs through retail rates. PG&E has filed a lawsuit in federal court in San Francisco raising the same issues. That suit is scheduled to be heard on January 30. We believe the California Public Utilities Commission should work together with California's utility companies as soon as possible on methods to stabilize customer rates to avoid rate shock from wholesale power costs."


 

Copyright © 2004 - PG&E Corporation. All Rights Reserved . feedback . privacy policy