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      PRESS RELEASES 2006
     
    FOR IMMEDIATE RELEASE
    December 20, 2006
    ISSUED BY:   PG&E Corporation, 1-800-743-6397

    PG&E CORP. DECLARES QUARTERLY COMMON STOCK DIVIDEND; UTILITY DECLARES PREFERRED STOCK DIVIDENDS

    (San Francisco) – PG&E Corporation (NYSE: PCG) today declared the fourth quarter 2006 regular cash dividend of 33 cents per share on the Corporation’s common stock. The dividend is payable on January 15, 2007, to shareholders of record on December 29, 2006.

    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 January 31, 2007. The dividends will be payable on February 15, 2007, to shareholders of record on January 31, 2007.

    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 8 series of preferred stock as follows:

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

     

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