Having sold unprofitable Texas natural gas businesses and begunto dispose of its unprofitable energy services business, PG&ECorp. reported an 80% increase in first quarter results, comparedto the year-earlier period, earning $284 million, or 79cents-per-share. Its slimmed-down national energy group now focusedon merchant power generation and trading contributed 16cents-per-share to those results, said CEO Robert Glynn, Jr.
Dispose
Articles from Dispose
PG&E Retrenchment Nets Solid First Quarter
Having sold unprofitable Texas natural gas businesses and begunto dispose of its unprofitable energy services business, PG&ECorp. reported an 80% increase in first quarter results, comparedto the year-earlier period, earning $284 million, or 79cents-per-share. Its slimmed-down national energy group now focusedon merchant power generation and trading contributed 16cents-per-share to those results, said CEO Robert Glynn, Jr.
April 24, 2000
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