news-events

PG&E Corporation Obtains Extension Of Waiver Of Key Ratings Trigger

08/16/2002

SAN FRANCISCO - Lenders under PG&E Corporation's (NYSE:PCG) aggregate $1.02 billion term-loan agreement have agreed to continue to waive through October 21, 2002, subject to earlier termination under certain circumstances, the agreement's requirement that PG&E National Energy Group (PG&E NEG) maintain an investment grade credit rating by either Standard & Poor's or Moody's Investors Service.

Discussions with PG&E NEG's lenders are currently underway. PG&E Corporation said that it is continuing its discussions with its lenders, General Electric Capital Corporation, Lehman Brothers, and certain other lenders, to develop long-term modifications to its credit agreement.

RSS

Shareholder Information

EQ Shareowner Services
Transfer Agent
1-888-489-4689

PG&E Shareholder Services
CorporateSecretary@pge.com

Investor Relations Contact Info

invrel@pge-corp.com

Receive Email Alerts

*
*