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PCG » Topics » Elimination of Equity Ownership in NEGT

This excerpt taken from the PCG 8-K filed Oct 28, 2005.

Elimination of Equity Ownership in NEGT

 

On October 29, 2004, NEGT’s plan of reorganization became effective, at which time NEGT emerged from Chapter 11 and PG&E Corporation’s equity ownership in NEGT was cancelled. As a result, during the fourth quarter of 2004 PG&E Corporation recognized a one-time non-cash gain on the disposal of NEGT of approximately $684 million, as discussed below in the “Results of Operations” section.

 

This excerpt taken from the PCG 10-K filed Feb 18, 2005.

Elimination of Equity Ownership in NEGT

        On October 29, 2004, NEGT's plan of reorganization became effective, at which time NEGT emerged from Chapter 11 and PG&E Corporation's equity ownership in NEGT was cancelled. As a result, during the fourth quarter of 2004 PG&E Corporation recognized a one-time non-cash gain on the disposal of NEGT of approximately $684 million, as discussed below in the "Results of Operations" section.

EXCERPTS ON THIS PAGE:

8-K
Oct 28, 2005
10-K
Feb 18, 2005

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