WEBCAST ALERT: PG&E’S CHRISTOPHER P. JOHNS TO SPEAK AT THE MORGAN STANLEY 13TH ANNUAL GLOBAL ELECTRICITY & ENERGY CONFERENCE

San Francisco, March 8, 2006 / PRN Newswire – FirstCall/ -- Christopher P. Johns, Senior Vice President and Chief Financial Officer, PG&E Corporation (NYSE: PCG), will speak at the Morgan Stanley 13th Annual Global Electricity & Energy Conference in New York and provide an overview of the company’s future outlook. The presentation will be webcast at http://www.42chongdong.com/investors/investor_info/presentations/index.shtml.

If you are unable to participate during the live webcast, the call will be archived at http://www.pge.corp.com/investor_info/investor_info/presentations/index.shtml for 12 months.

PG&E Corporation is an energy-based holding company, headquartered in San Francisco, California. With assets valued at $34.5 billion, its operations include electric generation, natural gas and electric transmission, and electric and gas distribution. It is the parent company of Pacific Gas and Electric Company.

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