(San Francisco, CA)-The Board of Directors of PG&E Corporation (NYSE: PCG) today declared a first quarter 2000 regular dividend of 30 cents per share on the Corporation's common stock. The dividend is payable on April 15, 2000, to shareholders of record on March 15, 2000.

This is the 337th consecutive quarterly dividend paid to shareholders of PCG stock. The Company's first quarterly dividend was paid in April of 1916.

PG&E Corporation, with revenues of more than $20 billion and operations in 27 states, markets energy services and products throughout North America through its National Energy Group. PG&E Corporation's businesses also include Pacific Gas and Electric Company, the Northern and Central California utility that deliver natural gas and electricity to one in every 20 Americans.