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PG&E Securitization Extended; State Considers Buying Gas - Natural Gas Intelligence

The California Public Utilities Commission (CPUC) offeredPacific Gas and Electric half a loaf again last week, extendingfrom three months to six months its authorization for the utilityto sign gas supply contracts securitized by gas customer revenue.Meanwhile, not satisfied with their handiwork on the electric side,California politicians said they might have to get into gaspurchasing to shore up new generation requirements.

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