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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
September 26, 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 principal executive (Zip code)
offices)
Registrant's telephone number, including area code: (503) 833-4000
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ITEM 5. OTHER EVENTS
Pacific Gas Transmission Company (PGT) is a wholly owned subsidiary of PG&E
Gas Transmission Corporation, which in turn, is wholly owned by PG&E
Corporation. On September 26, 1997, PGT sold its Australian subsidiaries and
its interest in the PG&E Queensland Gas Pipeline to another PG&E Corporation
affiliate for $42 million. Since this transaction was between entities within
the PG&E Corporation consolidated group, no gain or loss was recognized upon
disposition. The subsidiaries included PG&E Gas Transmission Queensland Pty
Limited (PG&E Queensland), the operator of the PG&E Queensland Gas Pipeline, and
PG&E Gas Transmission Australia Pty Limited (PG&E Australia). PG&E Australia
was established to pursue new business development opportunities in Australia
for PGT and to serve as trustee of the PG&E Queensland Unit Trust (PG&E Qld
Trust). The PG&E Qld Trust, which held the assets of the PG&E Queensland Gas
Pipeline, was owned by Pacific Gas Transmission International, Inc. (a PGT
wholly owned subsidiary) and PG&E Queensland.
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
(Registrant)
October 6, 1997 By: /s/ STANLEY C. KARCZEWSKI
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Name: Stanley C. Karczewski
Title: Vice President and Chief Financial Officer
and Controller
