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

SAN FRANCISCO, Dec. 16  /PRNewswire-FirstCall/ -- PG&E Corporation (NYSE: PCG) today declared its fourth quarter 2009 regular cash dividend of 42 cents per share on the Corporation's common stock. The dividend is payable on January 15, 2010, to shareholders of record on December 31, 2009.

In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company, today declared dividends on all outstanding series of its preferred stock for the three months ending January 31, 2010. The dividends will be payable on February 15, 2010, to shareholders of record on January 29, 2010.

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       Quarterly Dividend to be Paid Per
   Value                                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:  PG&E Corporation Corporate Affairs, 1-800-743-6397



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

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