National Energy & Gas Transmission, Inc.

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF MARYLAND
at Greenbelt
In re:
National Energy & Gas Transmission, Inc. 	Case No. 03-30459PM*
(f/k/a PG&E National Energy Group, Inc.), 	Chapter 11
et al.,
Jointly administered with Case Nos.
Debtors. 	03-30461 through 03-30464 and 03-30686
through 03-30687
_____________________________________/
MEMORANDUM OF DECISION
The parties have submitted the dispute on the Motion of the Steering Committees for
Lake Road and La Paloma Lenders for Extension of Order Compelling Inclusion of Disallowed
Claims in Disputed Claims Reserve through October 2, 2006, on the papers. While the court has
a strong suspicion, given the perceived lack of merit of the Steering Committees' position that
the purpose of the motion is to coerce a more favorable settlement proposal, in considering the
relative lack of prejudice to the other creditors of the debtor caused by a further delay, the court
will nonetheless grant the request in part.
An appropriate order will be entered.
cc: 	Paul M. Nussbaum
Martin T. Fletcher
Dennis J. Shaffer
Whiteford, Taylor & Preston
Seven Saint Paul Street, Suite 1400
Baltimore, Maryland 21202
Matthew A. Feldman
Date signed October 12, 2006
Entered: October 13, 2006 Case 03-30459 Doc 3875 Filed 10/13/06 Page 1 of 2

-2-
Steven Wilamowsky
Jessica S. Etra
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019-6009
Thomas D. Renda
Patricia A. Borenstein
Miles & Stockbridge P.C.
10 Light Street
Baltimore, Maryland 21202
Luc A. Despins
Paul Malek
Milbank, Tweed, Hadley & McCloy LLP
1 Chase Manhattan Plaza
New York, NY 10005-1413
John L. Daugherty
Assistant United States Trustee
6305 Ivy Lane, Suite 600
Greenbelt, Maryland 20770
All other parties requesting notice
End of Memorandum Decision
Case 03-30459 Doc 3875 Filed 10/13/06 Page 2 of 2