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Business Description
PG&E Corporation is an energy-based holding company for Pacific Gas and Electric Company, an operating public utility principally engaged in the business of providing electricity and natural gas distribution and transmission services throughout most of northern and central California. PG&E Corporation's other significant subsidiary is PG&E National Energy Group, Inc., an integrated energy company with a strategic focus on power generation, natural gas transmission and wholesale energy marketing and trading in North America.

Financial Information
PG&E Corp. is engaged in the business of providing electricity and natural gas distribution and transmission services throughout northern and central CA. For the six months ended 6/30/02, revenues fell 10% to $10.52 billion. Net income totaled $910 million vs. a loss of $201 million. Results reflect decreased usage of utility gas by retail customers due to milder weather conditions, offset by the absence of loss provisions.