[Federal Register Volume 67, Number 225 (Thursday, November 21, 2002)]
[Notices]
[Page 70260]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-29538]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27601; 70-10047]


PG&E Corporation, et al.; Order Authorizing an Extension of Time 
to File Comments

November 15, 2002.
    PG&E Corporation (``PG&E Corp.''), a holding company claiming 
exemption from registration under section 3(a)(1) of the Public Utility 
Holding Company Act of 1935, as amended (``Act'') by rule 2, Pacific 
Gas and Electric Company (``PG&E''), a direct public-utility company 
subsidiary of PG&E Corp., Newco Energy Corporation (``Newco''), a 
direct nonutility subsidiary of PG&E, and Electric Generation LLC 
(``Gen''), a direct nonutility subsidiary of Newco (collectively, 
``Applicants''), all located in San Francisco, California, have filed 
an application (``Application'') with the Securities and Exchange 
Commission (``Commission'') under sections 9(a)(2) and 10 of the Act.
    On October 16, 2002, the Commission issued a notice of the 
Application (Holding Co. Act Release No. 27578). The Commission issued 
a supplemental notice (Holding Co. Act Release No. 27583) of the 
Application, which replaced the original notice, on October 23, 2002. 
Under the supplemental notice, the public many submit to the Commission 
comments regarding the Application through November 18, 2002.
    By letter dated October 23, 2002, the California Public Utilities 
Commission (``CPUC'') requested an extension of time to file its 
comments with the Commission (``CPUC Request'') due to ``the press of 
other work.'' The CPCU asked that it be allowed to file its comments on 
or before December 4, 2002.
    By letter dated October 30, 2002, Applicants indicated that they 
oppose the CPUC request, primarily because a further extension of the 
notice period would delay the ultimate resolution of the Application. 
However, a further short extension of the notice period is not likely 
to delay in any significant way a final decision on the Application. 
Moreover, because the Act is designed to augment State regulation, see 
Alabama Electric Cooperative v. S.E.C., 353 F.2d 905, 907 (D.C. Cir. 
1865), cert. denied 383 U.S. 968 (1966), we believe that it is 
particularly appropriate to provide a short additional extension of the 
Notice period at the request of a State Commission.
    It is ordered, under the applicable provisions of the Act and rules 
under the Act, that comments and/or requests for hearing in this matter 
should be filed in writing by December 4, 2002.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 02-29538 Filed 11-20-02; 8:45 am]
BILLING CODE 8010-01-M