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

06/21/2006

(San Francisco) – PG&E Corporation (NYSE: PCG) today declared the second quarter 2006 regular cash dividend of 33 cents per share on the Corporation’s common stock. The dividend is payable on July 15, 2006, to shareholders of record on July 3, 2006.

In addition, PG&E Corporation’s utility unit, Pacific Gas and Electric Company, today declared dividends on all outstanding series of Pacific Gas and Electric Company’s preferred stock for the three months ending July 31, 2006. The dividends will be payable on August 15, 2006, to shareholders of record on July 31, 2006.

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 8 series of preferred stock as follows:

First Preferred Stock, $25 Par Value Quarterly Dividend to be Paid Per Share
Redeemable  
5.00% $0.3125000
5.00% Series A $0.3125000
4.80% $0.3000000
4.50% $0.2812500
4.36% $0.2725000
Non-Redeemable  
6.00% $0.3750000
5.50% $0.3437500
5.00% $0.3125000
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Shareholder Information

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