Examples of PG&E Gen in a sentence
Prior to the PG&E Gen Credit Agreement Refinancing Date, the Guarantor will not permit PG&E Gen to default in any material respect in the due observance or performance of its covenants under Sections 5.08, 5.11, 5.12, 5.13 and 5.14 of the $1.1 Billion PG&E Gen Credit Agreement.
Credit Agreement" shall mean the $1,100,000,000 Credit Agreement, dated as of September 1, 1998, as amended as of the date hereof, among PG&E Gen and the lenders party thereto.
The main subsidiaries of PG&E NEG include the following: •PG&E Generating Company, LLC and its subsidiaries (collectively, PG&E Gen LLC); •PG&E Energy Trading Holdings Corporation and its subsidiaries (collectively, PG&E Energy Trading or PG&E ET); •PG&E Gas Transmission Corporation and its subsidiaries (collectively, PG&E GTC), which includes PG&E Gas Transmission, Northwest Corporation and its subsidiaries, including North Baja Pipeline, LLC (NBP) (collectively, PG&E GTN).
However, once the power sales agreement terminates, PG&E Gen may have an incentive to exercise market power where unlike today, PG&E the integrated company is a net buyer and does not have an incentive to increase prices.
PG&E Gen and PG&E GTN earnings decreased slightly from 1999 levels, primarily attributable to a decline in operating results in the generating business and a decrease in operating income at PG&E GTN primarily as a result of settlements received in the amount of $19 million for negotiations regarding transportation contracts and other related issues, resulting in the restructuring and/or termination of these transportation contracts in 1999 with no similar transactions in 2000.
The Utility is one reportable operating segment and the other four are part of the NEG (PG&E Gen, PG&E Gas Transmission, Northwest Corporation (PG&E GTN), PG&E GTT, and PG&E ET).
The Plan includes a number of elements, which in combination form the foundation for Reorganized PG&E, Gen, ETrans and GTrans to become viable, creditworthy companies.
The Administrative Agent -------------------------------------- shall have received confirmation from the Borrower that the $1.1 Billion PG&E Gen Credit Agreement has been terminated and all loans, borrowings and other amounts due thereunder have been paid.
For the first six months of 1999 the average monthly heat rates were:2 Btu/KWHJanuary 13,136February 13,071March 13,581April 13,231May 13,966June 13,563 Average13,425 2 Data from John Murphy, consulting engineer to Palmer Management CO2 Emission Factors - The emission rate used to determine baseline emissions is a nominal value calculated by PG&E Gen, and others, for natural gas fuel.
PG&E Gen purchases all the electrical output from the project at an above market price, which subsidizes its ongoing operation.