TODAY'S NEWS AND COMMENTARY PG&E; outruns expectations by 17 cents a share By Myra P. Saefong, CBS SAN FRANCISCO (CBS.MW) -- PG&E; Corp. reported better-than-expected first-quarter results Thursday because of improved performance at its National Energy Group's power trading operations. Shares of PG&E; (PCG: news, msgs) added 5/8, or 2.6 percent more, more, more, etc... LARRY EDELSON COMMENTS: You really have to take these reports with a grain of salt because as we all know things are not really what they seem. Time will tell. The time has come the walrus said to speak of many things. Of ship and sails and sealing wax and cabbages and kings. And still more commentary here.

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