Webcast Alert: PG&E Corporation Announces Investor Conference on May 22

SAN FRANCISCO, May 16 /PRNewswire-FirstCall/ -- PG&E Corporation will host a meeting for members of the financial community on Thursday, May 22, to provide an update on the outlook for 2008 and beyond. Chairman, CEO and President Peter Darbee and other members of senior management will discuss PG&E Corporation's business and strategic focus, the capital spending plans of its utility subsidiary, Pacific Gas and Electric Company, other specific issues of interest, and PG&E Corporation's multi-year financial outlook for 2008-2011.

The May 22 investor conference will be available to the public via webcast beginning at 9:00am Pacific or 12:00noon Eastern Time at http://www.pgecorp.com/investors/investor_info/presentations/index.shtml

What: PG&E Investor Presentation When: Thursday, May 22, 2008 at 9:00am-12:00noon and 1:15-4:00pm Pacific Time Where: http://www.pgecorp.com/investors/investor_info/presentations/index.shtml How: Live over the Internet; log on to the web address above

If you are unable to listen during the live webcast, the call will be archived at http://www.pgecorp.com/investors/investor_info/presentations/index.shtml for 12 months.

PG&E Corporation is a Fortune 200 energy-based holding company, headquartered in San Francisco. With assets valued at $36 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, California's largest investor-owned utility. PG&E serves more than 15 million Californians throughout a 70,000 square-mile service area in northern and central California. For more information, visit the web site at http://www.pgecorp.com/.