Laura Langer Named Vice President, Risk Management, for PG&E Corporation

Business Wire, Sept 25, 2000

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 25, 2000

PG&E Corporation (NYSE:PCG) named Laura L. Langer, 48, as Vice President - Risk Management, for the energy-based holding company.

Langer will manage the Corporation's financial exposure associated with market, credit, and operational risks. She will oversee mitigation strategies and hedging policies and work closely with the Company's business units to coordinate risk management and counterparty credit policies and procedures.

"Laura brings a wealth of skills, talent and experience to our risk management program," said Robert D. Glynn, Jr., PG&E Corporation Chairman, CEO, and President. "She is a great addition to our team."

Langer joins PG&E Corporation from Deloitte & Touche, where she was a senior manager in the company's Energy Transacting and Risk Management division of the Capital Markets Group. Prior to that, Langer was Director of Corporate Risk Management for Equitable Resources, Inc., and held positions at Southern California Gas Company.

Langer received bachelor's and master's degrees in mathematics from the University of Colorado at Boulder, and holds master's degrees in petroleum engineering from Stanford University and in computational finance from Carnegie Mellon University.

PG&E Corporation, with 1999 operating revenues of almost $21 billion and operation in 21 states, markets energy services and products throughout North America through its National Energy Group. PG&E Corporation's businesses also include Pacific Gas and Electric Company, the Northern and Central California utility that delivers natural gas and electricity to one in every 20 Americans.

Please visit our website: www.pgecorp.com

To order a copy of PG&E Corporation's 1999 Environmental Annual Report, click on the leaf symbol on our website or call 1-800-743-6397.

To order a copy of PG&E Corporation's 1999 Financial Annual Report, click on the club symbol on our website or call 1-800-654-2582.