PRESS RELEASES 2011
                  FOR IMMEDIATE RELEASE
                   
                  December 21, 2011
                  ISSUED BY:   PG&E Corporation, 1-800-743-6397

                  DATES SET FOR QUARTERLY STOCK DIVIDENDS

                  PG&E Corporation (NYSE: PCG) today declared its fourth quarter 2011 regular cash dividend of 45.5 cents per share on the Corporation's common stock. The dividend is payable on January 15, 2012 to shareholders of record on December 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 January 31, 2012 to be payable on February 15, 2012, to shareholders of record on January 31, 2012.

                  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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