PG&E Corporation Declares Quarterly Common Stock Dividend; Utility Declares Preferred Stock Dividends

SAN FRANCISCO, Sept. 16  /PRNewswire-FirstCall/ -- 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,              Quarterly Dividend to be Paid
  $25 Par Value                       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




For more information about PG&E Corporation and Pacific Gas and Electric Company, please visit our web sites at http://www.pgecorp.com/ and http://www.pge.com/ 

DATASOURCE: PG&E Corporation



CONTACT:  Corporate Relations of PG&E Corporation, 1-800-743-6397



Web Site:  http://www.pgecorp.com/ 

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