PG&E Corporation Strikes Mid-West Tolling Agreement With Dte Energy Company


Bethesda, MD -- PG&E Corporation's (NYSE: PCG) National Energy Group today announced a 10-year tolling agreement with DTE Energy Services (DTEES). The alliance gives PG&E National Energy Group marketing control of its first generation asset in the Midwest power market. Under the terms of the agreement, PG&E National Energy Group's subsidiary, PG&E Energy Trading - Power, L.P., has contracted with DTEES for long-term capacity rights at DTEES's 160-megawatt natural gas-fueled Georgetown peaking facility, located in suburban Indianapolis. The facility began commercial operation June 1, 2000.

"This partnership gave us a timely entrance into the region's power market. With restructuring gaining a foothold in Michigan, and legislation moving forward elsewhere in the region, PG&E National Energy Group is poised to create tremendous value for customers through both its marketing and generation arms," said PG&E National Energy Group Senior Vice President, Trading, Sarah Barpoulis, referring to the tolling agreement and the Company's planned merchant generation projects.

Peter Greenberg, Vice President of Marketing, Eastern Region, added, "As a leading generation asset owner and marketer in the East, we bring reliability and credibility with us. Consumer confidence is increased as additional capacity is made available to meet peak demands. We're pleased to formalize this agreement with DTE Energy Services and look forward to a successful relationship."

DTE Energy Services, headquartered in Ann Arbor, Mich., invests in, builds and operates energy projects for large industrial, commercial and institutional customers. DTE Energy Services is a subsidiary of DTE Energy Co., a diversified energy company involved in the development and management of energy-related businesses and services nationwide.

PG&E Corporation with 1999 revenues of nearly $21 billion and operations in 21 states, markets energy services and products throughout North America through its National Energy Group. The Corporation has ownership and management interests in more than 30 power plants and has one of the largest energy trading and risk management programs in North America.


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