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Webcast Alert: Pacific Gas And Electric Company’s Gordon R. Smith And PG&E Corporation’s Christopher P. Johns To Participate In Panel Discussions At Goldman Sachs Fifth Annual Power And Utility Conference

05/24/2005

San Francisco, May 24, 2005 / PRN Newswire – FirstCall/ -- Senior Management from PG&E Corporation (NYSE: PCG) will participate in panel discussions at the Goldman Sachs Fifth Annual Power & Utility Conference in Las Vegas, NV.

Who:

Gordon R. Smith, President and CEO, Pacific Gas and Electric Company June 2, 2005, at 10:45 a.m. (PDT), “Rate-Basing Assets: Balancing a Pragmatic Approach within a Competitive Environment”
  Christopher P. Johns, Senior Vice President, CFO and Controller, PG&E Corporation June 3, 2005, at 10:00 a.m. (PDT), “T&D: How Reliability, Figuratively and Literally, Can Deliver Value”

When:

Thursday, June 2, and Friday, June 3, 2005

Where:

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

How:

Live over the Internet -- log on to the web at the address above.

Contact:

Investor Relations 1 + 415-267-7080

If you are unable to participate during the live webcast, the call will be archived at http://www.pge.corp.com/investor_info/investor_info/presentations/index.shtml for 12 months.

PG&E Corporation is an energy-based holding company, headquartered in San Francisco, California. With assets valued at $34.5 billion, its operations include electric generation, natural gas and electric transmission, and electric and gas distribution. It is the parent company of Pacific Gas and Electric Company.

Minimum Requirements to listen to broadcast:

The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp and at least a 28.8Kbps connection to the Internet.

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Shareholder Information

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Investor Relations Contact Info

invrel@pge-corp.com

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