news-events

PG&E Corporation Comments On Downgrade Of PG&E National Energy Group By Moody's Investors Service

10/18/2002

(San Francisco, CA ) - Moody's Investors Service announced today that it lowered the credit ratings of PG&E Corporation's subsidiary PG&E National Energy Group (PG&E NEG) and several of the unit's wholly owned subsidiaries.

Ratings downgraded and under review for further downgrade include:

  • PG&E National Energy Group, Inc. - Senior Unsecured Debt, Issuer Rating, and Syndicated Bank Credit Facility to B3 from B1.

  • PG&E National Energy Group, Inc. - Senior Implied Rating to B2 from Ba3.

  • PG&E Gas Transmission, Northwest Corporation - Senior Unsecured Debt to Ba1 from Baa3.

  • USGen New England, Inc. - Pass-Thru Certificates and Syndicated Bank Credit Facility to B2 from Ba3.

  • Attala Generating Company, LLC - Senior Secured Debt to B2 from Ba3.

PG&E Corporation is continuing to explore options for the PG&E NEG including sales of assets and businesses, debt restructuring, and reorganization of existing operations.

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

Email Address *
Mailing Lists *



 
Enter the code shown above.