(San Francisco) – PG&E Corporation (NYSE: PCG) has elected Richard I. Rollo as Vice President, Strategic Development and Business Integration. He will begin in this new position effective March 29, 2006.

Rollo will be responsible for identifying and analyzing future growth opportunities, including asset acquisitions and mergers within the evolving regulated utility industry.

“Richard’s significant business and financial experience will be a real benefit to PG&E as we build a leadership team that includes strong experience from both the competitive and regulated worlds,” said Peter A. Darbee, PG&E Corporation Chairman, Chief Executive Officer and President. “Additionally, his energy sector background will also help to support PG&E’s vision to be the leading utility in United States.”

Rollo has more than 20 years of experience in business development and investment banking, including time at Exelon Corporation as Vice President, Strategic Business Development. Most recently, Rollo was with Health Net, Inc. as Vice President, Corporate Development and M&A. Prior to this he served at Transamerica Commercial Finance Corporation as Senior Vice President, Corporate Development. Rollo also held various positions at Shattuck Hammond Partners Inc., General Electric Company and Toronto Dominion Bank.

He earned an MBA from Columbia University and a bachelor’s degree from the University of California, Santa Cruz.