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.
UPDATE: PACIFIC GAS AND ELECTRIC COMPANY ASKS COURT TO ASSUME FRANCHISE
San Francisco ?Pacific
Gas and Electric Company has filed a motion in U.S. Bankruptcy Court
asking for the authorization to assume more than $76 million in
franchise fee agreements with cities and counties.
California cities and counties
have granted Pacific Gas and Electric Company permission to install,
operate and maintain electric, gas, oil, and water facilities in
the public streets owned by these local governments. In exchange
for the right to use public streets and roads, privately owned utilities
and other public service companies pay an annual franchise fee.
The company has 267 electric
franchises, 238 gas franchises, 4 oil pipeline franchises, and 1
water franchise. Pacific Gas and Electric Company understands that
many cities and counties depend on the fees paid by the utility
to fund services and the company wants to limit the impact on local
By requesting to assume
the franchise agreements, the company is ensuring that it will have
the authority to pay its franchise fees when they become due, and
minimize any inconvenience to local governments.