PRESS RELEASES 2011
                  FOR IMMEDIATE RELEASE
                   
                  June 15, 2011
                  ISSUED BY:   PG&E Corporation, 1-800-743-6397

                  DATES SET FOR QUARTERLY STOCK DIVIDENDS

                  (San Francisco)—PG&E Corporation (NYSE: PCG) today declared its second quarter 2011 regular cash dividend of 45.5 cents per share on the Corporation's common stock. The dividend is payable on July 15, 2011, to shareholders of record on June 30, 2011.

                  In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company, today declared the regular preferred stock dividend for the three-month period ending July 31, 2011 to be payable on August 15, 2011, to shareholders of record on July 29, 2011.

                  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

                  In order to be considered a shareholder of record for the common or preferred dividend payment, you must have purchased the stock at least three trading days before the applicable record date.

                   

                   

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