Exhibit
99
 |
Corporate
Relations
One
Market, Spear Tower
Suite
2400
San
Francisco, CA 94105
1-800-743-6397
|
NEWS
|
|
FOR
IMMEDIATE RELEASE
|
July
9, 2007
|
|
|
CONTACT:
PG&E Corporation
|
PG&E
CORPORATION PRESIDENT TOM KING TO DEPART FOR NEW ROLE
(San
Francisco, CA) – PG&E
Corporation (NYSE: PCG) announced today that President Thomas B. King, 45,
is
leaving the company to take a senior management assignment with a major
international energy company.
"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 Darbee.
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 late 2003.
-30-
For
more information about
PG&E Corporation, please visit the company’s web site at
www.pgecorp.com