CALIF RENEWABLES UP, RATES DOWN

PG&E Rates to Decrease Slightly on January 1; Next Rate Change Expected in March
December 30, 2010 (Pacific Gas & Electric)

"Pacific Gas and Electric Company (PG&E)…average system-wide bundled electric rate will decrease 0.8% on January 1…This rate change will be followed by a slight forecasted increase in March 2011 that is approximately 2.3% less than what the rate was in March 2010. Actual bill impacts in March will vary depending on usage."

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[Tom Bottorff, Senior Vice President of Regulatory Relations, PG&E:] "We know our customers care more than ever about their electricity bills during these tough economic times so we are focused on keeping rates down…Smart energy purchasing strategies coupled with lower gas prices have allowed us to pass on savings to the millions of Californians who rely on us for their energy needs."

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"The January rate change reflects higher operating costs, offset by lower energy purchasing costs. The March rate change will take into account additional transmission-related costs and is expected to include the utility's 2011-2013 General Rate Case (GRC) revenue requirements. PG&E in September filed a settlement with consumer groups on its GRC revenue request and expects a California Public Utilities Commission decision in early 2011."