PG&E Corporation to Report Financial Results on Feb. 24;

SAN FRANCISCO, Jan. 29 /PRNewswire-FirstCall/ — PG&E Corporation
(NYSE: PCG) will report its fourth quarter and full-year 2008 financial
results on Tues., Feb. 24, followed two days later by its annual investor
conference for members of the financial community on Thurs., Feb. 26, in New
York City.

As a result, the company will not hold a conference call in conjunction
with its earnings release on Feb. 24.

At the annual investor conference, PG&E senior management will provide an
overview of the business and discuss the company’s strategic focus, capital
spending needs, and multi-year financial outlook.

The annual investor conference will be available to the public via
simultaneous webcast beginning at 2 p.m. Eastern time on Feb. 26.

    What:      Annual Investor Conference

    When:      Feb. 26, 2009 at 2 p.m. Eastern time

    Where:

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

    How:       Live over the Internet - log on 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 webcast will
be archived at
http://www.pgecorp.com/investors/investor_info/conference/index.shtml.

PG&E Corporation is an energy-based holding company, headquartered in San
Francisco. With assets valued at $38 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. For
more information, visit the web site at http://www.pgecorp.com.

SOURCE PG&E Corporation