NATIONAL ENERGY GROUP PRESIDENT AND CEO TOM BOREN RETIRES; TOM KING
NAMED PG&E NEG PRESIDENT
SAN FRANCISCO, Ca. – PG&E Corporation (NYSE:PCG) today
announced the retirement of Thomas G. Boren, President and CEO of
the PG&E National Energy Group and Executive Vice President
of PG&E Corporation.
“Tom Boren played a critical role in developing and growing
our national merchant energy and energy trading businesses,”
said PG&E Corporation Chairman, CEO, and President Robert D.
Glynn, Jr. “We are grateful to Tom for his leadership and
the many contributions he made as President and CEO of the PG&E
National Energy Group.”
“The PG&E NEG team has made impressive achievements,
first in building the business into one of the country’s leading
competitive power producers, and now in working to successfully
manage the many challenges presented by today’s market conditions.
I am pleased to have led these efforts and wish the PG&E NEG
team much future success,” said Tom Boren.
The Corporation also announced that Thomas B. King was appointed
PG&E NEG President. In addition to assuming the duties of President
of the PG&E NEG, King will also continue in his role as a Senior
Vice President of PG&E Corporation.
King’s most recent assignment was as President and Chief
Operating Officer of PG&E National Energy Group's West Region.
Prior to joining PG&E Corporation in 1998, he was President
and Chief Operating Officer of Kinder Morgan Energy Partners, L.P.,
America's largest pipeline master limited partnership.
“Tom King’s strong experience makes him well qualified
to lead the PG&E NEG team as it addresses the issues that result
from the downturn in the wholesale energy markets,” said Glynn.
These changes will become effective November 15.
PG&E Corporation is an energy-based holding company that distributes
energy services and products throughout North America through the
PG&E National Energy Group. PG&E Corporation's businesses
also include Pacific Gas and Electric Company, the Northern and
Central California utility that delivers natural gas and electricity
service to one in every 20 Americans.