PRESS RELEASES 2005
                  FOR IMMEDIATE RELEASE
                  May 24, 2005
                  ISSUED BY:   Corporate Communications 1-800-743-6397

                  WEBCAST ALERT: PACIFIC GAS AND ELECTRIC COMPANY’S
                  GORDON R. SMITH AND PG&E CORPORATION’S
                  CHRISTOPHER P. JOHNS TO PARTICIPATE IN PANEL DISCUSSIONS AT GOLDMAN SACHS FIFTH ANNUAL POWER AND UTILITY CONFERENCE

                   

                  San Francisco, May 24, 2005 / PRN Newswire – FirstCall/ -- Senior Management from PG&E Corporation (NYSE: PCG) will participate in panel discussions at the Goldman Sachs Fifth Annual Power & Utility Conference in Las Vegas, NV.

                   
                  Who:
                  Gordon R. Smith, President and CEO, Pacific Gas and Electric Company June 2, 2005, at 10:45 a.m. (PDT), “Rate-Basing Assets: Balancing a Pragmatic Approach within a Competitive Environment”
                    Christopher P. Johns, Senior Vice President, CFO and Controller, PG&E Corporation June 3, 2005, at 10:00 a.m. (PDT), “T&D: How Reliability, Figuratively and Literally, Can Deliver Value”
                  When:
                  Thursday, June 2, and Friday, June 3, 2005
                  Where:
                  http://www.chaotian55.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 participate during the live webcast, the call will be archived at http://www.pge.corp.com/investor_info/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 $34.5 billion, its operations include electric generation, natural gas and electric transmission, and electric and gas 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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