Securitize

PG&E to Securitize Retail Gas Payments

Meeting in a special session last week, California’s regulatorsgave PG&E’s utility authority to amend its gas supply deals tokeep supplies flowing to the state past Tuesday when the currentfederal DOE emergency order expires. But regulators postponedaction on another PG&E request that Southern California Gas Co.over its strong protests be compelled to provide emergency suppliesto PG&E’s gas utility residential and small business customers.That issue is scheduled to come up Thursday when the regulatorsreconvene.

February 5, 2001