PG&E Corp. Names Herman General Counsel Of National Energy Group


(Bethesda, MD)- PG&E Corporation (NYSE:PCG) today announced the appointment of Stephen A. Herman as Senior Vice President and General Counsel of PG&E National Energy Group. Herman will report to Thomas G. Boren, Chief Executive Officer of PG&E National Energy Group. The Company recently announced the restructuring of its National Energy Group into a consolidated business unit that includes PG&E Energy Trading, PG&E Gas Transmission and PG&E Generating. The PG&E National Energy Group will be headquartered in Bethesda, Maryland.

Herman joins PG&E National Energy Group from the international law firm of Latham & Watkins, where he was a partner in the firm's energy practice. Prior to that, he was with U.S. Generating Company as Senior Vice President and General Counsel. Before joining U.S. Generating Company, he was a partner with the Washington, D.C. office of Kirkland images/news/news has more than 20 years experience in the energy industry, including competitive electric power mergers and acquisitions, project development and finance, and natural gas mattersimages/news/newsimages/news/newsan L.L.B. from the University of Virginia Law School and a B.S. from the Wharton School of Finance and Commerce at the University of Pennsylvania.

In announcing the appointment, Boren said, "Steve Herman brings a wealth of experience to PG&E National Energy Group and will be a strong contributor to helping meet our growth objectives and to delivering superior shareholder return."

PG&E National Energy Group currently owns over 6,500 megawatts of generation capacity in operation as well as 1,229 miles of natural gas pipeline. The trading arm reported 1999 volumes of 224.7 million megawatt-hours of power and 8.4 billion cubic feet per day of natural gas, making it one of the nation's largest energy marketers.

PG&E Corporation, with 1999 operating revenues of almost $21 billion and operations in 21 states, markets energy services and products throughout North America through its National Energy Group. PG&E Corporation's businesses also include Pacific Gas and Electric Company, the Northern and Central California utility that deliver natural gas and electricity to one in every 20 Americans.


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