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        PRESS RELEASES 2010
      FOR IMMEDIATE RELEASE
       
      December 15, 2010
      ISSUED BY:   PG&E Corporation, 1-800-743-6397

      DATES SET FOR QUARTERLY STOCK DIVIDENDS

      (San Francisco) ?PG&E Corporation's (NYSE: PCG) fourth quarter 2010 regular cash dividend of 45.5 cents per share on the Corporation's common stock will be payable on January 15, 2011 to shareholders of record on December 31, 2010.

      PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company's dividends on all outstanding shares of preferred stock for the three months ending January 31, 2011 will be payable on February 15, 2011, to shareholders of record on January 31, 2011.

      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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