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        PRESS RELEASES 2004
      FOR IMMEDIATE RELEASE
      May 10, 2004
      ISSUED BY:   PG&E News Department (415) 973-5930
      WEBCAST ALERT: PG&E CORPORATION'S PETER DARBEE AND PACIFIC GAS AND ELECTRIC COMPANY'S GORDON SMITH TO PARTICIPATE IN PANEL DISCUSSIONS AT GOLDMAN SACHS POWER AND UTILITY CONFERENCE
       
      San Francisco, May 10, 2004 /PRNewswire-FirstCall/ -- Peter Darbee, Senior Vice President and CFO of PG&E Corporation (NYSE: PCG) and Gordon Smith, President and CEO of Pacific Gas and Electric Company will participate in panel discussions at the Goldman Sachs Power and Utility Conference in Las Vegas on Thursday, May 13, 2004 at 12:45 p.m. and 1:45 p.m. EDT respectively. Both panel discussions will be available via webcast
       
      Who:
      Peter Darbee, Senior Vice President and CFO, PG&E Corporation
      Gordon Smith, President and CEO, Pacific Gas and Electric Company
      What:
      Panel Discussions at the Goldman Sachs Power and Utility Conference
      When:
      Thursday, May 13, 2004
      (Peter Darbee) 12:45 p.m. EDT
      (Gordon Smith) 1:45 p.m. EDT
      Where:
      http://www.63nuoqian.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 listen to the live webcast, the presentation will
      be archived at http://www.63nuoqian.com/investors/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 $30 billion, its operations include electric generation, natural gas and electric transmission, and utility 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 Link%20will%20spawn%20new%20window and at least a 28.8Kbps connection to the Internet.


       

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