PG&E to Give Shareholders Advisory Vote on Executive Pay

SAN FRANCISCO, March 24 /PRNewswire-FirstCall/ -- PG&E Corporation (NYSE: PCG)
today announced that, beginning in 2010, it will seek shareholders' advisory
vote on executive compensation each year at the company's annual meeting. In
addition, PG&E Corporation's utility unit, Pacific Gas and Electric Company,
has adopted the same policy. These advisory votes will be taken into
consideration by the Boards of Directors of PG&E Corporation and Pacific Gas
and Electric Company as they set future executive compensation policies and
levels.

"Extending an opportunity for shareholders to weigh in on our compensation
policies and procedures is the right thing to do and will be a source of
valuable input," said Peter A. Darbee, PG&E Corporation Chairman, CEO and
President. "PG&E's compensation programs are designed to ensure that pay
matches performance and to align the interests of executives and investors.
Asking for shareholders' input is good governance and an important way to hold
ourselves accountable for meeting these goals. It's also consistent with our
vision to be the nation's leading utility."

The Boards' decision to adopt the new policy came in response to a majority
vote at PG&E Corporation's 2008 annual meeting in favor of a shareholder
proposal to establish a "say on pay" advisory vote. That proposal was
supported by 52.7 percent of shareholders who voted on the measure.

As a result, next year PG&E Corporation and Pacific Gas and Electric Company
will begin seeking shareholder approval of the companies' overall
pay-for-performance compensation policies and practices, as described in
detail each year in the proxy statement. The companies will ask shareholders
to review the "Compensation Discussion and Analysis" in the proxy statement,
as well as the specific information reported in the compensation tables and
related disclosures for listed officers.

The adoption of the "say on pay" policy in response to last year's vote is the
fourth time in recent years that PG&E Corporation acted on a shareholder
proposal that received a majority vote. In 2006, the company adopted a
shareholder recommendation to establish a policy restricting so-called "golden
parachutes." In 2004, the company adopted a shareholder recommendation to
eliminate its shareholder rights plan as well as a shareholder recommendation
to adopt a policy regarding future shareholder rights plans.

PG&E Corporation's performance on corporate governance issues has earned
strong ratings from key evaluators of corporate governance. PG&E recently
received Corporate Governance Quotient scores from RiskMetrics
Group/Institutional Shareholder Services (ISS) that were higher than those of
92.8 percent of the utility companies in the S&P 500 index and 86.7 percent of
all S&P 500 companies. GovernanceMetrics International awarded PG&E an overall
governance rating of 9.5 out of a possible 10.

SOURCE PG&E Corporation

PG&E Corporation Corporate Relations, 1-800-743-6397