Webcast Alert: PG&E Corporation Announces Second Quarter 2008 Earnings Release and Conference Call

SAN FRANCISCO, July 7 /PRNewswire-FirstCall/ — PG&E Corporation will hold a conference call for members of the financial community on August 6, 2008 at 1:30 p.m. Eastern Daylight Time to discuss its second quarter 2008 earnings results. The public can access the conference call via a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website.

   What: Second Quarter 2008 Earnings    When: August 6, 2008 at 1:30 p.m. Eastern Daylight Time   

Where: http://www.pgecorp.com/investors/investor_info/conference/index.shtml

   How: Live over the Internet — logon to the web at the address above.    Contact: Corporate Relations 800-743-6397            Investor Relations 415-267-7080    

If you are unable to participate during the live webcast, the call will be archived at http://www.pgecorp.com/investors/investor_info/conference/index.shtml

Alternatively, a toll-free replay of the conference call may be accessed shortly after the live call through 9 p.m. Eastern Daylight Time, August 13, 2008, by dialing 877-690-2093. International callers may dial 402-220-0648.

PG&E Corporation is a Fortune 200 energy-based holding company, headquartered in San Francisco. With assets valued at $36 billion, its operations include electric and gas distribution, natural gas and electric transmission, and electric generation. It is the parent company of Pacific Gas and Electric Company, California’s largest investor-owned utility. PG&E serves more than 15 million Californians throughout a 70,000 square-mile service area in northern and central California. For more information, visit the Web site at http://www.pgecorp.com/.

PG&E Corporation

CONTACT: Corporate Relations, 1-800-743-6397, or Investor Relations+1-415-267-7080, both of PG&E Corporation

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