PG&E Corp. Announces Second Quarter Dividend


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

This is the 338th 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 1999 operating revenues of almost $21 billion, 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.


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