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PG&E Corporation Message Board

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  • RopertheInterloper RopertheInterloper Oct 21, 1999 1:12 PM Flag

    Block Trade

    In the past, it was not at all unusual for the
    appointed commissioners to over-rule or seriously rewrite
    ALJ decisions. However, in this case, simultaneous to
    release of the draft order was an alternate version from
    the President of the CPUC Richard Bilas, who upped
    the electric figure slightly to $265 million. That's
    about as much upside as you can expect.

    PG&E is turned down on appeal, expect this one to go
    to court.

    PS, PG&E is willing to buy back as
    much as $500 million in outstanding stock to prevent
    the floor from slipping out beneath the price.

    As for unregulated subsidiaries...losses on the
    retail services side were expected for five years and
    are in fact decreasing according to plan. PG&E Energy
    Services says it is slated for profitability in 2000, if
    you can wait that long. Wholesale trading results
    cannot be predicted.

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