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.
TO ISSUE 1999 EARNINGS ON MARCH 2
Conference call available
on the Internet
(San Francisco, CA)-PG&E
Corporation (NYSE: PCG) said today that it would report its 1999
year-end and fourth quarter earnings on Thursday, March 2.
The Corporation, originally
scheduled to announce earnings in January, delayed reporting its
financial results until the California Public Utilities Commission
issued a decision on the General Rate Case for the Corporation's
utility unit. The Commission's decision was issued February 17.
The financial impact of the rate case will be reflected in the Corporation's
upcoming earnings report.
PG&E Corporation will also
make available over the Internet its quarterly conference call to
the financial community. Robert D. Glynn, Jr., Chairman of the Board,
Chief Executive Officer, and President; Peter A. Darbee, Senior
Vice President, Chief Financial Officer, and Treasurer; and Jamie
B. Fenton, Manager of Investor Relations, will discuss the 1999
financial results and the Company's outlook for 2000. The conference
call will be held Thursday, March 2, at 8 a.m. Pacific Standard
Time, and will be available on a listen-only basis at www.yourou30.com.
The discussion and question-and-answer session will be archived
on the Internet for 90 days.
PG&E Corporation, with revenues
of more than $20 billion and operations in 27 states, markets energy
services and products throughout North America through its National
Energy Group. PG&E Corporation's businesses also include Pacific
Gas and Electric Company, the Northern and Central California utility
that deliver natural gas and electricity to one in every 20 Americans.