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      PRESS RELEASES 2004
    FOR IMMEDIATE RELEASE
    December 15, 2004
    ISSUED BY:   PG&E News Department (415) 973-5930

    PACIFIC GAS AND ELECTRIC COMPANY DECLARES PREFERRED STOCK DIVIDENDS

    SAN FRANCISCO – Pacific Gas and Electric Company today declared dividends on all outstanding series of the company’s preferred stock for the three months ending January 31, 2005. The dividends will be payable on February 15, 2005, to shareholders of record on January 31, 2005.

    Pacific Gas and Electric Company will pay dividends on its 11 series of preferred stock. The amount to be paid per series per share will be as follows:

    First Preferred Stock, $25 Par Value Quarterly Dividend to be Paid per Share
    Redeemable  
    7.04% $0.4400000
    6.57% $0.4106250
    6.30% $0.3937500
    5.00% $0.3125000
    5.00% Series A $0.3125000
    4.80% $0.3000000
    4.50% $0.2812500
    4.36% $0.2725000
       
    Non-Redeemable  
    6.00% $0.3750000
    5.50% $0.3437500
    5.00% $0.3125000

     

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