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.
ANNOUNCES FOURTH QUARTER DIVIDEND
(San Francisco, CA)-The
Board of Directors of PG&E Corporation (NYSE: PCG) today declared
a fourth quarter 2000 regular dividend of 30 cents per share on
the Corporation's common stock. The dividend is payable on January
15, 2001, to shareholders of record on December 15, 2000.
This is the 340th consecutive
quarterly dividend paid to shareholders of PCG stock. The Company's
first quarterly dividend was paid in April of 1916.
PG&E Corporation, with 1999
operating revenues of almost $21 billion and operations in 21 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