PG&E CORPORATION TO REPORT FINANCIAL RESULTS ON FEB. 24; ANNUAL INVESTOR CONFERENCE SCHEDULED FOR FEB. 26

San Francisco, Jan. 29, 2009 / PR Newswire – FirstCall/ -- PG&E Corporation (NYSE:PCG) will report its fourth quarter and full-year 2008 financial results on Tues., Feb. 24, followed two days later by its annual investor conference for members of the financial community on Thurs., Feb. 26, in New York City.

As a result, the company will not hold a conference call in conjunction with its earnings release on Feb. 24.

At the annual investor conference, PG&E senior management will provide an overview of the business and discuss the company’s strategic focus, capital spending needs, and multi-year financial outlook.

The annual investor conference will be available to the public via simultaneous webcast beginning at 2 p.m. Eastern time on Feb. 26.

IIf you are unable to participate during the live webcast, the presentation will be archived at http://www.pgecorp.com/investors/investor_info/conference/index.shtml for 12 months.

PG&E Corporation is an energy-based holding company, headquartered in San Francisco. With assets valued at $38 billion, its operations include electric and gas distribution, natural gas and electric transmission, and electric generation. It is the parent company of Pacific Gas and Electric Company. For more information, visit the web site at http://www.pgecorp.com.

The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/default.mspx and at least a 28.8Kbps connection to the Internet.