FERC Reports

FERC has recently issued three reports: a Response of the Staff of the FERC
to Questions Posed at December 20, 2000 Western Governors Association Denver
Meeting; a Staff Report to the FERC on Northwest Power Markets in Nov. and
Dec. 2000; and a Report on Plant Outages in the State of California. All
three reports can be downloaded from FERC's page on bulk power markets,
found at http://www.ferc.fed.us/electric/bulkpower.htm.

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility. Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission. Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.