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        PRESS RELEASES 2003
      November 07, 2003
      ISSUED BY:   Corporate Communications 1-800-743-6397

      EDITORS: Please do not use "Pacific Gas and Electric" or "PG&E" when referring to PG&E Corporation or its National Energy Group. The PG&E National Energy Group is not the same company as Pacific Gas and Electric Company, the utility, and is not regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products or services from the National Energy Group in order to continue to receive quality regulated services from Pacific Gas and Electric Company.


      San Francisco, November 7, 2003 /PRNewswire-FirstCall/ -- PG&E Corporation (NYSE: PCG) will discuss Third Quarter 2003 Earnings live over the Internet on Wednesday, November 12, 2003 at 2:30 p.m. EST.

      What 2003 Third Quarter Earnings
      When Wednesday, November 12, 2003
      2:30 p.m. EST
      How Live over the Internet -- Log on to the web at the address above.
      Contact Investor Relations—415.267.7080

      If you are unable to participate during the live webcast, the call will be archived at www.42chongdong.com for 90 days. Alternatively, a toll-free replay of the conference call may be accessed shortly after the live call through 9:00 p.m. EST, November 19 by dialing 877.470.0867. International callers may dial 402.220.0642.

      PG&E Corporation is an energy-based holding company, headquartered in San Francisco, California. Its operations include electric generation, natural gas and electric transmission, and utility distribution. It is the parent company of Pacific Gas and Electric Company.

      Minimum Requirements to listen to broadcast:

      The Windows Media Player software, downloadable free from
      http://www.microsoft.com/windows/windowsmedia/EN/default.asp and at least a
      28.8Kbps connection to the Internet. If you experience problems listening to
      the broadcast, send an email to isproducers@prnewswire.com.


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