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 THIRD QUARTER DIVIDEND
(San Francisco, CA)-The
Board of Directors of PG&E Corporation (NYSE: PCG) today declared
a third quarter 2000 regular dividend of 30 cents per share on the
Corporationís common stock. The dividend is payable on October 15,
2000, to shareholders of record on September 15, 2000.
This is the 339th consecutive
quarterly dividend paid to shareholders of PCG stock. The Companyís
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
20 Americans, and Pacific Venture Capital, LLC, which manages a
portfolio of investments in growing energy and telecommunications