| Business Summary | | PG&E
Corporation
is
an
energy-based
holding
company.
Pacific
Gas
and
Electric
Company
is
an
operating
public
utility
engaged
principally
in
the
business
of
providing
electricity
and
natural
gas
distribution
and
transmission
services
throughout
most
of
Northern
and
Central
California.
The
Utility
is
primarily
regulated
by
the
California
Public
Utilities
Commission
and
the
Federal
Energy
Regulatory
Commission.
PG&E
Corporation's
subsidiary,
PG&E
National
Energy
Group,
Inc.,
is
an
integrated
energy
company
with
a
strategic
focus
on
power
generation,
new
power
plant
development,
natural
gas
transmission
and
wholesale
energy
marketing
and
trading
in
North
America.
On
April
6,
2001,
Pacific
Gas
and
Electric
Company
filed
a
voluntary
petition
for
relief
under
the
provisions
of
Chapter
11
of
the
United
States
Bankruptcy
Code.
The
Utility
will
retain
control
of
its
assets,
and
is
authorized
to
operate
as
a
debtor-in-possession,
while
being
subject
to
the
jurisdiction
of
the
bankruptcy
court. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PG&E
Corp.
is
engaged
in
the
business
of
providing
electricity
and
natural
gas
distribution
and
transmission
services
throughout
northern
and
central
CA.
For
the
six
months
ended
6/30/01,
revenues
rose
10%
to
$11.69
billion.
Net
loss
totaled
$201
million
vs.
an
income
of
$528
million.
Revenues
reflect
higher
natural
gas
prices
and
increased
customer
usage.
Earnings
were
offset
by
the
undercollected
purchased
power
costs
during
the
1st
quarter
of
2001. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Glynn, Jr., 58 Chairman,
Pres, CEO | $945K | Peter Darbee, 48 CFO,
Sr. VP | 860K | Thomas Boren, 51 Exec.
VP and Pres and CEO, PG&E National Energy Group | 1.7M | Bruce Worthington, 51 Sr.
VP and Gen. Counsel | -- | G. Stanley, 54 Sr.
VP of HR | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|