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.
Y2K PREPAREDNESS PAYS OFF
(SAN FRANCISCO, CA) PG&E
Corporation's (NYSE:PCG) systems and facilities around the country
successfully navigated the New Year transition, thanks to years
of work by the Company's Y2K employee teams.
More than 1,500 PG&E Corporation
employees spent their New Year in emergency centers and at strategic
locations across the U.S. in order to ensure rapid response to potential
"From our power plants in
the East, to our Texas natural gas facilities, to our utility operations
in the West, PG&E Corporation’s systems made the transition a smooth
one for our customers throughout the country," said Robert D. Glynn,
Jr. PG&E Corporation Chairman, CEO, and President.
In 1996, PG&E Corporation
began preparing for the transition to the year 2000 by inventorying,
remediating, and testing more than 300,000 mission-critical systems
and equipment. The Corporation noted that its Y2K program’s objective
was to ensure that January 1, 2000 would be a day no different from
"Four years of hard work
and dedication by our Y2K employee teams enabled us to deliver on
this commitment and make the first day of 2000 no different from
the other 364 days of the year," said Glynn.
As part of its Y2K efforts,
the Corporation also developed and implemented contingency plans
and further refined its emergency preparedness operations across
all its business lines.
Glynn noted that, "Providing
an unparalleled level of reliability and responsiveness to customers
across the country is what they expect and what our business is
all about. We have a long history of delivering on this expectation,
and the experience we gained from Y2K has further sharpened our
ability to meet our customers?demanding expectations."
Although the New Year has
arrived, PG&E Corporation said that its Y2K plan calls for continued
monitoring of mission-critical systems to ensure that they perform
as expected in the future.
PG&E Corporation, with 1998
revenues of almost $20 billion, $33 billion in assets, 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
service to one in every 20 Americans.