PG&E Declares No Dividend

February 25, 2001 by Jeff Shepard

PG&E Corp. (San Francisco, CA) announced that it will not declare the regular common stock dividend of $0.30 per share for the first quarter of 2001.

Citing the severe financial impact of the ongoing California energy crisis, the company reported that future common stock dividends will not be declared or paid until their board of directors determines that the financial health of the company will support such action.