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PG&E Corporation Declares Quarterly Common Stock Dividend; Utility Declares Preferred Stock Dividends

06/16/2010

(San Francisco) - PG&E Corporation (NYSE: PCG) today declared its second quarter 2010 regular cash dividend of 45.5 cents per share on the Corporation's common stock. The dividend is payable on July 15, 2010, to shareholders of record on June 30, 2010.

In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company, today declared dividends on all outstanding shares of preferred stock for the three months ending July 31, 2010. The dividends will be payable on August 15, 2010, to shareholders of record on July 30, 2010.

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 eight 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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Shareholder Information

EQ Shareowner Services
Transfer Agent
1-888-489-4689

PG&E Shareholder Services
1-415-973-8200
CorporateSecretary@pge.com

Investor Relations Contact Info

415-972-7080
invrel@pge-corp.com

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