PG&E Corporation Announces Pricing Of Public Offering Of Common Stock


SAN FRANCISCO, Calif.- PG&E Corporation (NYSE: PCG) announced today the pricing of the previously announced public offering of 7,200,000 shares of its common stock at a price to the public of $41.71 per share. The offering is expected to close on March 4, 2013, subject to customary closing conditions. Barclays Capital Inc. is the underwriter for this offering.

PG&E Corporation expects to contribute all of the net proceeds from the offering to its regulated subsidiary, Pacific Gas and Electric Company, which will use such proceeds for general corporate purposes.

The securities described above are being offered by PG&E Corporation pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission on February 23, 2011. Copies of the prospectus supplement and the related prospectus, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or email at or by telephone at (888) 603-5847.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

PG&E Corporation

PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company, a public utility serving more than 15 million people throughout 70,000 square miles in Northern and Central California.

This press release contains forward-looking statements of future expectations, including the consummation of this offering and the expected use of the proceeds therefrom. Actual results might differ materially from those anticipated. See "Cautionary Language Regarding Forward Looking Statements" and "Risk Factors" in PG&E Corporation's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and other reports that may be filed with the Securities and Exchange Commission.

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