SAN FRANCISCO, June 17 /PRNewswire-FirstCall/ -- PG&E Corporation (NYSE: PCG) today declared the second quarter 2009 regular cash dividend of 42 cents per share on the Corporation's common stock. The dividend is payable on July 15, 2009, to shareholders of record on June 30, 2009. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company, today declared dividends on all outstanding series of Pacific Gas and Electric Company's preferred stock for the three months ending July 31, 2009. The dividends will be payable on August 15, 2009, to shareholders of record on July 31, 2009. In order to be considered a shareholder of record for the common and preferred dividend payments, you must have purchased the stock at least three trading days before the applicable record date. Pacific Gas and Electric Company will pay dividends on its eight series of preferred stock as follows: First Preferred Stock, $25 Par Quarterly Dividend to be Paid Per Value 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 For more information about PG&E Corporation and Pacific Gas and Electric Company, please visit our web sites at http://www.pgecorp.com/ and http://www.pge.com/ DATASOURCE: PG&E Corporation CONTACT: Corporate Relations of PG&E Corporation, 1-800-743-6397 Web Site: http://www.pge.com/

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