EDITORS: Please do not use
"Pacific Gas and Electric" or "PG&E" when
referring to PG&E Corporation or its National Energy Group.
The PG&E National Energy Group is not the same company as Pacific
Gas and Electric Company, the utility, and is not regulated by the
California Public Utilities Commission. Customers of Pacific Gas
and Electric Company do not have to buy products or services from
the National Energy Group in order to continue to receive quality
regulated services from Pacific Gas and Electric Company.
SIGNS 'HISTORIC' CONSERVATION AGREEMENT
(Wilmington, VT) - PG&E
Corporation (NYSE: PCG) this week joined Vermont Governor Howard
Dean and the Vermont Land Trust in signing a conservation agreement
that will set aside and permanently safeguard 15,730 acres of land
surrounding PG&E National Energy Group's Deerfield River hydroelectric
system. The agreement is among the most far-reaching ever signed
in Vermont and in the electric industry.
Governor Dean called the
signing "historic" and said, "This agreement conserves forever working
forest and public access to this recreational and natural resource."
The lands conserved under the agreement include popular recreational
areas as well as valuable wildlife habitat that are home to black
bears, deer, loons, peregrine falcons and some of Vermont's rarest
the result of a multiyear collaboration involving PG&E Corporation
and 14 federal agencies and nonprofit organizations. The agreement
was struck as part of the Company's fedeimages/news/newsnsing effort
for the Deerfield hydroelectric system. The system consists of nine
power stations along the river that together generate 94 megawatts
of clean, renewable electricity, enough to power approximately 94,000
Steve Wolfgram, Vice President
for PG&E National Energy Group in the Northeast, said, "This conservation
agreement captures what it means to balance environmental and energy
interests for a sustainable future. Here on the Deerfield River,
we are generating one of the cleanest forms of electricity available.
This agreement recognizes the value and importance of this clean,
renewable energy source while ensuring that the lands around the
river remain undeveloped in perpetuity."
In the re-licensing process,
the Company brought together a broad range of interested parties
to work collaboratively toward agreements that would facilitate
the re-licensing and provide for important stewardship needs. Last
year, the National Hydropower Association honored the Company with
its Hydro Achievement Award for its efforts.
PG&E Corporation, with revenues
of more than $20 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.