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      PRESS RELEASES 2005
    FOR IMMEDIATE RELEASE
    September 21, 2005
    ISSUED BY:   Corporate Communications 1-800-743-6397

    PG&E CORP. DECLARES QUARTERLY COMMON AND PREFERRED STOCK DIVIDENDS

    (San Francisco) – PG&E Corporation (NYSE: PCG) today declared a third quarter 2005 regular cash dividend of 30 cents per share on the Corporation’s common stock. The dividend is payable on October 15, 2005, to shareholders of record on October 3, 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 October 31, 2005. The dividends will be payable on November 15, 2005, to shareholders of record on October 31, 2005.

    In order to be a shareholder of record for both the common and preferred dividend payouts, you need to have purchased the stock at least three days before the record date.

    Pacific Gas and Electric Company will pay dividends on its 8 series of preferred stock as follows:

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