WEBCAST ALERT: PG&E CORPORATION’S CHAIRMAN, CEO AND PRESIDENT TO SPEAK AT THE MORGAN STANLEY 2008 ELECTRICITY & ENERGY CONFERENCE.

San Francisco, March 31, 2008/ PRN Newswire – FirstCall/ --Peter A.Darbee, Chairman, CEO and President of PG&E Corporation (NYSE: PCG), will make a presentation to investors at the Morgan Stanley 15th Annual Global Electricity & Energy Conference in New York on Wednesday, April 2, 2008 at 1:10 p.m. Eastern Time. The presentation will be webcast at: http://www.37rehuo.net/investors/investor_info/presentations/index.shtml.

IIf you are unable to participate during the live webcast, the presentation will be archived at http://www.37rehuo.net 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.37rehuo.net.

The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/default.mspx and at least a 28.8Kbps connection to the Internet.