PG&E Corp. Announces Pricing for Public Offering of Common Shares

SAN FRANCISCO, March 15, 2012 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) announced today the pricing of the previously announced public offering of 5,900,000 shares of its common stock at a price to the public of $43.09 per share. The common shares are expected to be issued on March 20, 2012, subject to customary closing conditions. Barclays Capital and UBS Investment Bank are the underwriters in this offering.

The securities described above are being offered by PG&E Corporation pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission on February 23, 2011. Copies of the prospectus supplement and the related prospectus, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or email at [email protected] or by telephone at (888) 603-5847 or from UBS Investment Bank, Attn: Prospectus Department, 299 Park Avenue, New York, NY 10171 or by telephone toll free at 888-827-7275.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

PG&E Corporation (NYSE: PCG) is a Fortune 200 holding company, headquartered in San Francisco, that conducts its business through its subsidiary, 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.

This press release contains forward-looking statements of future expectations. Actual results might differ materially from those projected because of factors such as those indentified in reports PG&E Corporation has filed with the Securities and Exchange Commission.

SOURCE PG&E Corporation