Webcast Alert: PG&E Corporation to Host Investor Conference with Senior Management

SAN FRANCISCO, Feb. 22 /PRNewswire-FirstCall/ -- Senior Management from PG&E Corporation will speak at an investor conference hosted by the company in New York on Friday, February 25, 2005 at 8:00 a.m. EST. The presentation will be available via webcast at http://www.pgecorp.com/investors/investor_info/presentations/ .

Who: Peter Darbee, President and CEO, PG&E Corporation Gordon Smith, President and CEO, Pacific Gas and Electric Co. Tom King, EVP and Chief of Utility Operations, Pacific Gas and Electric Co. Chris Johns, SVP and CFO, PG&E Corporation Kent Harvey, SVP, CFO and Treasurer, Pacific Gas and Electric Co. What: PG&E Corporation Update- "A Value Opportunity" When: Friday, February 25, 2005, 8:00 a.m. EST Where: http://www.pgecorp.com/investors/investor_info/presentations/ How: Live over the Internet -- log on to the web at the address above. Contact: Investor Relations 1 + 415-267-7080

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

PG&E Corporation is an energy-based holding company, headquartered in San Francisco, California. Its operations include electric generation, natural gas and electric transmission, and utility distribution. It is the parent company of Pacific Gas and Electric Company.

PG&E Corporation