PRESS RELEASES 2011
                FOR IMMEDIATE RELEASE
                 
                December 21, 2011
                ISSUED BY:   PG&E Corporation, 1-800-743-6397

                DATES SET FOR QUARTERLY STOCK DIVIDENDS

                PG&E Corporation (NYSE: PCG) today declared its fourth quarter 2011 regular cash dividend of 45.5 cents per share on the Corporation's common stock. The dividend is payable on January 15, 2012 to shareholders of record on December 30, 2011.

                In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company, today declared the regular preferred stock dividend for the three-month period ending January 31, 2012 to be payable on February 15, 2012, to shareholders of record on January 31, 2012.

                Pacific Gas and Electric Company will pay dividends on its eight series of preferred stock as follows:

                First Preferred
                Stock, $25
                Par Value
                Quarterly Dividend
                to be Paid
                Per 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

                In order to be considered a shareholder of record for the common or preferred dividend payment, you must have purchased the stock at least three trading days before the applicable record date.

                 

                 

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