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Statement From Peter A. Darbee, Chairman, Ceo, And President, PG&E Corp. On The Feinstein-Carper Bill To Reduce Global Warming Emissions

01/17/2007

WASHINGTON, D.C. – Speaking today from Capitol Hill, Peter A. Darbee, Chairman, CEO and President of PG&E Corporation (NYSE: PCG) joined U.S. Senator Dianne Feinstein (D – Calif.) and other business leaders to voice support for her landmark bill, co-sponsored by U.S. Senator Tom Carper (D – Del.), to reduce greenhouse gas emissions from the nation’s electric utility sector.

“Adopting legislation to cap greenhouse gas emissions at the federal level is the greatest way of efficiently addressing climate change and a necessary step in positioning the U.S. as a global leader on environmental issues,” said Darbee.

“As the single largest source of emissions in the U.S., the utility sector must play a key role in meeting our national emissions reductions goals. This bill will significantly reduce emissions from the utility sector and it will do so by leveraging the innovation and efficiency of the market.”

“It’s pragmatic, aggressive, and it’s a serious response to a serious problem. We’re proud to support it – just as we supported California’s landmark climate law. And we are committed to working with leaders at the federal level to advance clean energy solutions and meet the challenge this bill is designed to address.”

For more information about PG&E Corporation and Pacific Gas and Electric Company, please visit our web sites at www.pgecorp.com and www.pge.com

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