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To: flatsville who wrote (56217)	1/10/2001 1:45:44 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

Pacific Gas and Electric, which sells electricity to the consumer, doesn't buy directly from PG&E - it buys from CPUC and from Cal-ISO. PG&E, like all electricity PRODUCERS, sells to CPUC and Cal-ISO. The prices are set at the intermediate level. Cal-ISO buys on the spot market when demand exceeds production, and passes the costs on to the utility companies. sacbee.com The rates that Pacific Gas and Electric and Southern California Edison charges CONSUMERS is set by PUC. These rates are capped and these corporations cannot pass their costs on to the customer. Since May, 2000, they have paid $11 billion more than they have been able to charge the consumer. latimes.com There's no reason to focus on the relationship between PG&E - every electricity generator and wholesaler that supplies California had good revenues in 2000. That includes AES, Clayton Williams, Duke, Dynergy, NRG and Reliant. sacbee.com

To: flatsville who wrote (56217)	1/10/2001 1:53:12 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

In fact, the way I read PG&E's website, Pacific Gas and Electric trades under a different symbol than PG&E. PG&E trades on the NYSE as PCG, while Pacific Gas and Electric has 11 issues of preferred stock and one preferred security, and trades on the AMEX and the Pacific Exchange. pgecorp.com Here's a disclaimer from the web site: >>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.<<