PG&E Corporation - Press Release

FOR IMMEDIATE RELEASE

September 20, 2005

ISSUED BY:

Corporate Communications 1-800-743-6397

WEBCAST ALERT: PG&E CORPORATION’S PETER A. DARBEE TO SPEAK AT MERRILL LYNCH & COMPANY’S GLOBAL POWER AND GAS LEADERS CONFERENCE

San Francisco, September 20, 2005 / PRN Newswire – FirstCall/ -- Peter A. Darbee, President and CEO, PG&E Corporation (NYSE: PCG), will present on a panel with other utility executives at the Merrill Lynch & Company, Global Power and Gas Leaders Conference in New York on Tuesday, September 27, 2005, at 7:45 a.m. EDT. The presentation will be webcast at http://www.pgecorp.com/investors/investor_info/
presentations/index.shtml.

Who:	Peter A. Darbee, President and CEO, PG&E Corporation
When:	Tuesday, September 27, 2005, at 7:45 a.m. EDT
Where:	http://www.pgecorp.com/investors/investor_info/presentations/index.shtml
How:	Live over the Internet -- log on to the web at the address above.
Contact:	Investor Relations 1 + 415-267-7080

If you are unable to participate during the live webcast, the call will be archived at http://www.pge.corp.com/investor_info/investor_info/presentations/index.shtml for 12 months.

PG&E Corporation is an energy-based holding company, headquartered in San Francisco, California. With assets valued at $34.5 billion, its operations include electric generation, natural gas and electric transmission, and electric and gas distribution. It is the parent company of Pacific Gas and Electric Company.

Minimum Requirements to listen to broadcast:

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