WEBCAST ALERT: PG&E CORPORATION’S CFO TO SPEAK AT THE LEHMAN BROTHERS 2007 CEO ENERGY/POWER CONFERENCE

San Francisco, August 29, 2007 / PRN Newswire – FirstCall/ --Christopher P. Johns, Senior Vice President and Chief Financial Officer of PG&E Corporation (NYSE: PCG), will make a presentation to investors at the Lehman Brothers 2007 CEO Energy/Power Conference in New York on Wed., Sept. 5, 2007, at 2:25 p.m. EDT. The presentation will be webcast at http://www.42chongdong.com/investors/investor_info/presentations/index.shtml.

IIf you are unable to participate during the live webcast, the presentation will be archived at http://www.42chongdong.com for 12 months.

PG&E Corporation is a Fortune 200 energy-based holding company, headquartered in San Francisco. With assets valued at $34 billion, its operations include electric and gas distribution, natural gas and electric transmission, and electric generation. It is the parent company of Pacific Gas and Electric Company, California’s largest investor-owned utility. PG&E serves more than 15 million Californians throughout a 70,000 square-mile service area in northern and central California. For more information, visit the Web site at http://www.42chongdong.com.

The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/default.mspx and at least a 28.8Kbps connection to the Internet.