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.
PG&E GAS TRANSMISSION
NORTHWEST CELEBRATES 40 YEARS OF OPERATION
Company Maintains Outstanding
Safety Record, Looks to Future Projects
PORTLAND, Ore. - PG&E Corporation's
(NYSE: PCG) PG&E Gas Transmission Northwest Corporation (GTN) will
celebrate its fortieth year in operation on Monday, December 3.
During its four decades of service to energy consumers in the West,
the GTN system has quadrupled in capacity, and plans call for continued
growth to meet increasing energy demand.
GTN was incorporated as
Pacific Gas Transmission Company, a business affiliate of Pacific
Gas and Electric Company, in 1957. Four years later, on December
2, 1961, the natural gas system's original pipeline -- now known
as the "A" line -- began transporting natural gas to its customers
in both California and the Pacific Northwest.
"For four decades, GTN has
provided unparalleled service to energy consumers across the West,
growing to meet new demands for energy," said Thomas B. King, president
and chief operating officer of PG&E National Energy Group's West
Region. "Over the years, we have earned one of the best safety records
in the industry, and our commitment to environmental stewardship
and customer service is evident in all aspects of our business."
GTN originated as the federally
regulated U.S. component of the Alberta to California pipeline,
a 1,400-mile system involving two countries, six states and provinces,
four companies and four regulatory jurisdictions.
The GTN system extends from
the British Columbia-Idaho border to the Oregon-California border.
During its first year of operation, the pipeline was capable of
transporting approximately 615,000 decatherms per day (Dth/d) of
natural gas. Today, the system consists of two parallel pipelines
-- the "A" and "B" lines -- along the entire 612-mile right-of-way
and has the capability to transport about 2.7 million Dth/d.
In early November, the first
of the "C" line went into service when GTN completed a 21-mile segment
of a third pipeline in Spokane County, Wash., and Kootenai County,
Idaho. This addition, part of GTN's 2002 Expansion Project, also
includes new 19,500-horsepower compressor units at five existing
stations on the GTN main line. The 2002 mainline expansion increases
capacity on the GTN system by 220,000 Dth/d.
In addition, last month,
GTN filed with the Federal Energy Regulatory Commission for a certificate
to build a second expansion for service commencing in the fall of
2003. The proposed expansion project would add another 143,000 Dth/d,
plus an additional 20,000 Dth/d of winter-only service. The 2003
expansion project calls for an additional 53 miles of new "C" Line
pipe, plus the installation of one 19,500-horsepower compressor
unit on the mainline system.
Combined, the 2002 and 2003
expansion projects would put the total GTN capacity at almost 3.1
GTN was the first fully
automated natural gas pipeline in the United States. Today, leading-edge
technology allows pipeline controllers to respond quickly to changing
market demand. An internet-based bulletin board, with nearly 200
commercial customers, enables capacity holders to trade their contract
rights quickly. Currently, capacity on GTN's system is contracted
with more than 40 long-term customers, with many of the contracts
extending well into the next decade.
PG&E National Energy Group,
headquartered in Bethesda, Md., develops, builds, owns and operates
electric generating and natural gas pipeline facilities and provides
energy trading, marketing and risk-management services.
This news release contains forward-looking
statements concerning GTN's plans for future pipeline projects that
involve a number of risks and uncertainties. Actual future results
may vary materially from those expressed or implied in any forward-looking
statements. Some of the key factors that could cause actual results
to differ materially include, but are not limited to, (i) changes
in government regulations; (ii) increasing competition within the
natural gas pipeline industry and for natural gas suppliers; (iii)
whether the completion of pipeline projects may be delayed or prevented
by permitting delays or restrictions, shortages of equipment or
labor, work stoppages, adverse weather conditions, unforeseen engineering
problems, adverse environmental conditions and unanticipated cost
increases; (iv) refusal or reluctance of connecting pipelines to
expand their pipeline capacity; (v) the ability of new pipeline
customers to construct and operate electric generating facilities;
(vi) the availability of financing for the proposed pipeline projects
on terms acceptable to GTN; and other factors discussed in reports
filed by GTN, PG&E National Energy Group, and PG&E Corporation with
the Securities and Exchange Commission.