SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report:
July 9, 2003
| Exact Name of | ||||||
| Commission | Registrant | State or other | IRS Employer | |||
| File | as specified in | Jurisdiction of | Identification | |||
| Number | its charter | Incorporation | Number | |||
| 333-66032 | PG&E National Energy Group, Inc. | Delaware | 94-3316236 |
PG&E National Energy Group, Inc.
7600 Wisconsin Avenue
Bethesda, Maryland 20814-6161
(Address of principal executive offices) (Zip Code)
(301) 280-6800
(Registrant’s telephone number, including area code)
Item 5. Other Events
On July 9, 2003, the U.S. Bankruptcy Court for the District of Maryland granted interim approval of the election of Joseph A. Bondi as PG&E National Energy Group, Inc.’s chief executive officer and chief restructuring officer and of William Runge III as its interim chief financial officer.. Mr. Bondi and Mr. Runge are managing directors of Alvarez & Marsal, Inc., a firm which provides management and financial consulting services to financially troubled companies. The Bankruptcy Court also granted interim approval for PG&E National Energy Group, Inc. to retain Alvarez & Marsal, Inc. to provide financial consulting services.
Thomas B. King resigned from the post of president of PG&E National Energy Group, Inc. on July 8, 2003.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| PG&E NATIONAL ENERGY GROUP, INC |
| By:/s/ Thomas E. Legro Name: Thomas E. Legro Title: Vice President and Chief Accounting Officer |
Dated: July 10, 2003
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