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PG&E Issues Statement On Federal Court Case

05/02/2001

San Francisco, CA -- Pacific Gas and Electric Company today issued the following statement on its federal court case:

"Upon initial review, it appears the court rejected the arguments the California Public Utilities Commission made to dismiss our federal lawsuit, except on the issue of 'ripeness.' The court determined that our lawsuit was premature because the CPUC had not yet finalized its various decisions on PG&E's request for recovery of its costs to purchase wholesale power.

"The court said that we may re-file the lawsuit once the CPUC decisions become final. Today's action allows us to continue to pursue the merits of the case on a timely basis."

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