"Tom's leadership in various roles during the
past eight years has helped guide successfully the
business through many challenges and opportunities," said
Peter A. Darbee, PG&E Corporation Chairman and
CEO. "His vision and energy were instrumental
in setting PG&E on its current course to become
the nation's leading utility. We are grateful to him,
and we wish him continued success."
As President of PG&E Corporation, King was primarily
responsible for leading the company's growth strategy.
He served as Chairman of the Board of Pacific Gas and
Electric Company and previously was President and CEO
of PG&E Corporation's utility, Pacific Gas and
Electric Company. Effective with King's departure,
current Pacific Gas and Electric Company President
and CEO, Bill Morrow, will now report directly to Darbee.
"Because we've actively built a deep and talented
team over the past two years, we have complete confidence
that the transition with Tom's departure will be smooth
for shareholders, customers and employees," said
King joined PG&E Corporation in 1998 as President
and Chief Operating Officer of PG&E Gas Transmission.
In late 2002, he was given the assignment to lead the
Corporation's PG&E National Energy Group unit as
it prepared for its restructuring. Following that assignment,
King continued in his role as Senior Vice President
of PG&E Corporation, before joining Pacific Gas
and Electric Company as Chief Operating Officer in