Dispossessing

PG&E to Battle Re-named NEG Unit Over $361 Million Tax Refund

Indicative of just how far the parent has gone in dispossessing a wayward child, the San Francisco-based energy utility holding company PG&E Corp. said in a financial filing last Wednesday that it will go to trial next year over a $361 million tax refund its bankrupt former merchant energy unit, PG&E National Energy Group (NEG), is claiming as its own.

September 15, 2003