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      PRESS RELEASES 2005
    FOR IMMEDIATE RELEASE
    June 15, 2005
    ISSUED BY:   Corporate Communications 1-800-743-6397

    PG&E CORP. DECLARES QUARTERLY COMMON STOCK DIVIDEND

    Quarterly Dividends also Declared for all Series of Utility’s Preferred Stock

    (San Francisco) – PG&E Corporation (NYSE: PCG) today declared a second quarter 2005 regular cash dividend of 30 cents per share on the Corporation’s common stock. The dividend is payable on July 15, 2005, to shareholders of record on June 30, 2005.

    In addition, PG&E Corporation’s utility unit, 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 July 31, 2005. The dividends will be payable on August 15, 2005, to shareholders of record on July 29, 2005.

    Pacific Gas and Electric Company will pay dividends on its 9 series of preferred stock as follows:

    First Preferred Stock,
    $25 Par Value
    Quarterly Dividend
    to be Paid Per Share
    Redeemable  
    7.04% $0.4400000
    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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