Transcript of press conference Governor Gray Davis

Good morning… good afternoon. It all kind of blends in. I just have a very brief statement and I’ll take a couple questions. Is everyone all set?

SACRAMENTO: Responding to the denial of a court order preventing sale of inexpensive PG&E energy contracts by the California Power Exchange, Governor Gray Davis today issued an executive order seizing an option to buy the contracts in order to preserve their value for California ratepayers.

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