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PG&E Corporation



PG&E Corporation is an energy-based holding company that conducts its business through Pacific Gas and Electric Company, a public utility operating in northern and central California. PG&E engages in the businesses of electricity and natural gas distribution, electricity generation, procurement and transmission, and natural gas procurement, storage and transportation. During the year ended December 31, 2004, PG&E Corporation also owned National Energy & Gas Transmission, Inc. On April 6, 2001, the Utility filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California. On April 12, 2004, the Utility emerged from Chapter 11. On July 8, 2003, NEGT and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Maryland. On October 29, 2004, NEGT emerged from Chapter 11.


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