(San Francisco) – PG&E Corporation (NYSE: PCG) has elected Rand L. Rosenberg as Senior Vice President, Corporate Strategy and Development, effective November 1, 2005.

Rosenberg will be responsible for developing the Corporation’s long-term strategic plan and evaluating growth opportunities, including asset acquisitions and mergers within the energy sector.

“With more than two decades of extensive business and financial expertise, Rand is an outstanding addition to our team,” said Peter A. Darbee, PG&E Corporation President and CEO. “We look forward to his contributions.”

Rosenberg spent more than a decade in the field of investment banking. He was a Managing Director and Head of Global Telecommunications Investment Banking at Salomon Brothers. He also held senior positions at Goldman Sachs & Co., Lehman Brothers and Montgomery Securities after serving as Head of Corporate Development at the Pacific Telesis Group. Most recently, Rosenberg served as Executive Vice President and Chief Financial Officer at Infospace in Bellevue, Wash., where he was responsible for overseeing the financial organization and heading up the company’s corporate development efforts.

Rosenberg earned an MBA from the University of Chicago and a bachelor’s degree from Whitman College.