PG&E net jumps 33% to $1.34 bil with Q4 gain on tax deal; another $50 mil gain seen in 2009

摘要

PG&E Corp.’s net income jumped 33% to $1.34 billion lastnyear with higher earnings at Pacific Gas & Electric on recordnpower sales, and a $257 million fourth-quarter boost fromnfederal income tax settlements, as disclosed — but higher thannestimated —in November.nAnother settlement with the Internal Revenue Service isnexpected to hike this year’s net income by $50 million, all atnPacific G&E, the company disclosed in the Form 10-K, also filednFebruary 24.