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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported):
May 28, 1997
COMMISSION FILE NO. 0-25842
PACIFIC GAS TRANSMISSION COMPANY
(Exact name of registrant as specified in its charter)
California 94-1512922
(State or other jurisdiction of (I.R.S. employer Identification No.)
incorporation or organization)
2100 SW River Parkway, Portland, OR 97201
(Address of principle executive offices) (Zip code)
Registrant's telephone number, including area code: (503) 833-4000
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ITEM 5. Other Events
On May 28, 1997, Pacific Gas Transmission Company ("the Company") and
Pacific Gas & Electric Company ("PG&E") reached an agreement in principle with
Norcen Energy Resources Limited ("Norcen Energy") and Norcen Marketing
Incorporated ("Norcen Marketing") to settle the litigation filed against the
Company and PG&E by Norcen Energy and Norcen Marketing in the U.S. District
Court, Northern District of California, on March 17, 1994. As has been
previously reported by the Company in its Annual report on Form 10-K for the
fiscal year ended December 31, 1996 and its Quarterly Report on Form 10-Q for
the fiscal quarter ended March 31, 1997, filed under the Securities Exchange Act
of 1934, Norcen Energy's and Norcen Marketing's complaint against the Company
and PG&E alleged that the Company and PG&E wrongfully induced Norcen Energy and
Norcen Marketing to enter into a 30-year contract with the Company for firm
transportation service by concealing legal action taken by PG&E before the
California Public Utilities Commission two days before Norcen Marketing's
contract with the Company became binding. The complaint also alleged certain
breaches of representations made to Norcen Marketing and various federal and
state antitrust, contractual and other claims, and sought rescission,
restitution and recovery of unspecified damages.
The proposed settlement of this matter on the terms agreed to would not
have a material adverse impact on the Company's financial condition, liquidity
or results of operations. The Company expects that the settlement will be
implemented by entry of an appropriate order of the court before December 31,
1997.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PACIFIC GAS TRANSMISSION COMPANY
Dated: June 11, 1997 BY: /s/ FRANK R. LINDH
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Frank R. Lindh
General Counsel and Corporate Secretary
