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        PRESS RELEASES 2010
      FOR IMMEDIATE RELEASE
       
      June 16, 2010
      ISSUED BY:   PG&E Corporation, 1-800-743-6397

      PG&E CORPORATION DECLARES QUARTERLY COMMON STOCK DIVIDEND; UTILITY DECLARES PREFERRED STOCK DIVIDENDS

      (San Francisco) - PG&E Corporation (NYSE: PCG) today declared its second quarter 2010 regular cash dividend of 45.5 cents per share on the Corporation's common stock. The dividend is payable on July 15, 2010, to shareholders of record on June 30, 2010.

      In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company, today declared dividends on all outstanding shares of preferred stock for the three months ending July 31, 2010. The dividends will be payable on August 15, 2010, to shareholders of record on July 30, 2010.

      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 eight series of preferred stock as follows:

      First Preferred
      Stock, $25
      Par Value
      Quarterly Dividend
      to be Paid
      Per Share
      Redeemable  
      5.00% $0.31250
      5.00% Series A $0.31250
      4.80% $0.30000
      4.50% $0.28125
      4.36% $0.27250
      Non-Redeemable  
      6.00% $0.37500
      5.50% $0.34375
      5.00% $0.31250
       

       

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