September 25, 2000
    Contact: Renťe Parnell 415-267-7028
    EDITORS: Please do not use "Pacific Gas and Electric" or "PG&E" when referring to PG&E Corporation or its National Energy Group. The PG&E National Energy Group is not the same company as Pacific Gas and Electric Company, the utility, and is not regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products or services from the National Energy Group in order to continue to receive quality regulated services from Pacific Gas and Electric Company.


    (San Francisco, CA)- PG&E Corporation (NYSE:PCG) named Laura L. Langer, 48, as Vice President - Risk Management, for the energy-based holding company.

    Langer will manage the Corporation's financial exposure associated with market, credit, and operational risks. She will oversee mitigation strategies and hedging policies and work closely with the Company's business units to coordinate risk management and counterparty credit policies and procedures.

    "Laura brings a wealth of skills, talent and experience to our risk management program," said Robert D. Glynn, Jr., PG&E Corporation Chairman, CEO, and President. "She is a great addition to our team."

    Langer joins PG&E Corporation from Deloitte & Touche, where she was a senior manager in the company's Energy Transacting and Risk Management division of the Capital Markets Group. Prior to that, Langer was Director of Corporate Risk Management for Equitable Resources, Inc., and held positions at Southern California Gas Company.

    Langer received bachelor's and master's degrees in mathematics from the University of Colorado at Boulder, and holds master's degrees in petroleum engineering from Stanford University and in computational finance from Carnegie Mellon University.

    PG&E Corporation, with 1999 operating revenues of almost $21 billion and operation in 21 states, markets energy services and products throughout North America through its National Energy Group. PG&E Corporation's businesses also include Pacific Gas and Electric Company, the Northern and Central California utility that deliver natural gas and electricity to one in every 20 Americans.


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