BRIEF-PG&E Says Co And Kkr Enter Exclusive Talks On Strategic Partnership In Pacific Generaton Transaction

Reuters05-01

April 30 (Reuters) -

* PG&E: PG&E AND KKR ENTER EXCLUSIVE TALKS ON STRATEGIC PARTNERSHIP IN PACIFIC GENERATON TRANSACTION

* UNDER PROPOSED TRANSACTION, PG&E WOULD REMAIN MAJORITY OWNER AND

OPERATOR OF PACIFIC GENERATION

* HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS TO SELL A MINORITY INTEREST IN PACIFIC GENERATION TO KKR’S INFRASTRUCTURE STRATEGY

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((Reuters.Briefs@thomsonreuters.com;))

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