PRESS RELEASES 2009
 
FOR IMMEDIATE RELEASE
 
February 24, 2009
ISSUED BY:   PG&E Corporation, 1-800-743-6397

PG&E CORPORATION RAISES QUARTERLY COMMON STOCK DIVIDEND; UTILITY DECLARES PREFERRED STOCK DIVIDENDS

(San Francisco) – PG&E Corporation (NYSE: PCG) increased its quarterly common stock dividend to 42 cents per share from 39 cents per share, beginning with the first quarter 2009 payment. The dividend is payable on April 15, 2009 to shareholders of record on March 31, 2009.

“The increase is consistent with PG&E’s policy to grow the common dividend over time generally in line with earnings,” said Christopher P. Johns, Senior Vice President, CFO and Treasurer of PG&E Corporation.

In addition, PG&E Corporation’s utility subsidiary, Pacific Gas and Electric Company, declared dividends on all outstanding series of Pacific Gas and Electric Company’s preferred stock for the three months ending April 30, 2009. The dividends will be payable on May 15, 2009 to shareholders of record on April 30, 2009.

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

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

 


 

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