EDITORS: Please do not use "Pacific Gas and Electric" or "PG&E" when referring to PG&E Corporation or its National Energy Group. The PG&E National Energy Group is not the same company as Pacific Gas and Electric Company, the utility, and is not regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products or services from the National Energy Group in order to continue to receive quality regulated services from Pacific Gas and Electric Company.

CHRISTOPHER P. JOHNS PROMOTED TO SENIOR VICE PRESIDENT AND CONTROLLER FOR PG&E CORPORATION

(San Francisco, CA)- PG&E Corporation (NYSE: PCG) today announced that its board of directors has elected Christopher P. Johns, 41, Senior Vice President and Controller. In his new role, Mr. Johns will assume responsibility for Investor Relations and continue with his current controller responsibilities.

"This promotion reflects Chris' leadership and contributions to PG&E Corporation at a critical time in our history as we work through our Chapter 11 Plan of Reorganization," said Robert D. Glynn, Jr., PG&E Corporation Chairman, CEO and President. "We are pleased to recognize his continuing accomplishments and wish him continued future success."

Since joining PG&E Corporation in 1996, Mr. Johns has been responsible for accounting, tax and financial planning and analysis. Prior to PG&E Corporation, he was a partner at KPMG Peat Marwick LLP in the firm's National Public Utilities practice. Active in the business community and a frequent speaker at industry conferences, he is a member and former chairman of the American Gas Association's Accounting Advisory Council.

Mr. Johns serves his local community as president of the Moraga Baseball Association.

An alumnus of University of Notre Dame, Mr. Johns earned a B.A. in Accounting in 1982. He is a member of the American Institute of Certified Public Accountants and is a Certified Public Accountant in the states of California and Florida.