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        PRESS RELEASES 2009
       
      FOR IMMEDIATE RELEASE
       
      September 16, 2009
      ISSUED BY:   PG&E Corporation, 1-800-743-6397

      PG&E CORPORATION DECLARES QUARTERLY COMMON STOCK DIVIDEND; UTILITY DECLARES PREFERRED STOCK DIVIDENDS

      (San Francisco) – PG&E Corporation (NYSE: PCG) today declared the third quarter 2009 regular cash dividend of 42 cents per share on the Corporation’s common stock. The dividend is payable on October 15, 2009, to shareholders of record on September 30, 2009.

      In addition, PG&E Corporation’s utility subsidiary, Pacific Gas and Electric Company, today declared dividends on all outstanding series of Pacific Gas and Electric Company’s preferred stock for the three months ending October 31, 2009. The dividends will be payable on November 15, 2009, to shareholders of record on October 30, 2009.

      In order to be considered a shareholder of record for the common and preferred dividend payments, you must have purchased the stock at least three trading days before the applicable record date.

      Pacific Gas and Electric Company will pay dividends on its eight series of preferred stock as follows:

      First Preferred Stock, $25 Par Value Quarterly Dividend to be Paid Per Share
      Redeemable  
      5.00% $0.31250
      5.00% Series A $0.31250
      4.80% $0.30000
      4.50% $0.28125
      4.36% $0.27250
      Non-Redeemable  
      6.00% $0.37500
      5.50% $0.34375
      5.00% $0.31250

       


       

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