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PG&E National Energy Relocation On Hold

Published 6/20/2001

PG&E National Energy Group's plan to relocate 650 employees from Bethesda to the Tower Oaks in Rockville has been put on hold due to Pacific Gas & Electric's energy problems in California. Although financed separately from Pacific Gas & Electric, PG&E National Energy Group's 450,000-sf project, which was planned for completion by late 2001, probably will not be completed until summer 2002 due to creditor hesitancy. When built, the complex could accommodate as many as 1,000 employees.