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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported):
December 10, 1996
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
incorporation or organization) Identification No.)
2100 SW River Parkway, Portland, OR 97201
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (503) 833-4000
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Item 5. OTHER EVENTS
Acquisition of Assets:
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On December 10, 1996, Pacific Gas Transmission Company (PGT) announced the
acquisition of Edisto Resources Corporation's gas marketing operations in the
United States and Canada, known jointly as "Energy Source." The effective
date was November 30, 1996, and the purchase price, paid in cash, was
approximately $23 million plus working capital.
PGT plans on continuing the marketing operations of Energy Source, which has
offices in Houston, Calgary, Tulsa, Pittsburgh and New York, with a customer
base in the Northeast and Midwest regions of the United States.
Holding Company Structure:
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Effective January 1, 1997, PG&E Corporation became the holding company for
Pacific Gas and Electric Company and its principal subsidiaries, PG&E
Enterprises and Pacific Gas Transmission Company (PGT).
In coordination with this change, PG&E Gas Holdings, a California corporation,
was established as a holding company for PGT. PGT's debt securities were
unaffected and remain securities of PGT. All of the capital stock of PGT is
owned by PG&E Gas Holdings, and all of the capital stock of PG&E Gas Holdings is
owned by PG&E Corporation.
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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: January 10, 1997 By: /s/ FRANK R. LINDH
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Frank R. Lindh
General Counsel and Corporate Secretary
