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PG&E, UNION PACIFIC RAILROAD SIGN UNIQUE PACT

 PG&E, UNION PACIFIC RAILROAD SIGN UNIQUE PACT
 SAN FRANCISCO, Feb. 21 /PRNewswire/ -- Pacific Gas and Electric


Co. (NYSE: PCG) and the Union Pacific Railroad (NYSE: UNP) have signed a unique agreement granting PG&E permanent easements for electric and gas lines crossing the railroad's rights of way.
 The pact covers all Union Pacific rail lines throughout PG&E's 94,000-square-mile service territory.
 The agreement between the two companies was three years in the making and guarantees rights of way for utility lines without costly construction delays and potential inconvenience to thousands of PG&E's customers. The agreement also provides equitable compensation for the railroad and ends expensive easement proceedings in the courts.
 "This is a 'win-win-win' situation for Union Pacific, PG&E customers and PG&E," said Richard A. Draeger, PG&E vice president for general services.
 "This agreement will eliminate unnecessary delays in establishing easements, which should ultimately benefit gas and electric customers," said Barbara W. Zandbergen, Union Pacific vice president, contracts and real estate.
 Draeger noted that "long and costly disputes in court accomplished little. We at PG&E, and the people at Union Pacific, decided there had to be a better way -- and there was."
 The document, initially agreed to in January and accepted in final form by both companies this month, covers only the construction of new lines, but Draeger said discussions between PG&E and Union Pacific were scheduled to resume soon to determine if a similar pact could be reached to cover current crossings. Draeger also noted that PG&E is negotiating similar pacts with other railroads operating in its service territory.
 Under the terms of the new PG&E-Union Pacific agreement, PG&E will notify the railroad when it determines utility lines must cross Union Pacific rights of way. PG&E will then submit a permanent easement form for the railroad along with a one-time fee of $500. Union Pacific will return the easement document, signed and sealed, within 30 days.
 If the railroad believes a certain easement may be worth more than $500, there are simple mechanisms within the joint pact to resolve the issue without resorting to the courts.
 -0- 2/21/92
 /CONTACT: Scott Blakey of PG&E, 415-973-5933/
 (UNP PCG) CO: Pacific Gas & Electric; Union Pacific ST: California IN: OIL SU: CON


RM -- SF004 -- 1437 02/21/92 14:20 EST
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Date:Feb 21, 1992
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