New PG&E Board Announces Additional Leadership Actions

Former Regulator Nora Mead Brownell Appointed Chair of PG&E
Corporation;
Former U.S. Ambassador Jeffrey Bleich Appointed
Chair of Pacific Gas and Electric Company

Bill Johnson’s Appointment as CEO and President to be Effective May
1, 2019

SAN FRANCISCO–(BUSINESS WIRE)–PG&E Corporation (NYSE: PCG) today announced that its newly constituted
Board of Directors has taken additional actions to further enhance
PG&E’s safety culture and operational excellence. These actions include:

  • Appointing former state and federal regulator Nora Mead Brownell to
    serve as Chair of the Board of PG&E Corporation. Ms. Brownell
    has an expansive career in the energy sector and has served as a
    Commissioner of the Federal Energy Regulatory Commission (FERC), a
    member of the Pennsylvania Public Utility Commission and President of
    the National Association of Regulatory Utility Commissioners.
  • Appointing former U.S. Ambassador Jeffrey Bleich to serve as Chair
    of the Board of Pacific Gas and Electric Company. Mr. Bleich is a
    longtime California resident and former Partner at the global law firm
    Dentons and a leader of its global diplomatic consulting group. He has
    previously served as the U.S. Ambassador to Australia, Special Counsel
    to President Obama, Chair of the California State University Board of
    Trustees, President of the California State Bar, a member of the
    Governor’s International Trade and Investment Council and President of
    the Bar Association of San Francisco.
  • Appointing Bill Johnson as Chief Executive Officer and President,
    effective May 1, 2019. Mr. Johnson recently concluded a more than
    six-year tenure as President and CEO of the Tennessee Valley Authority
    (TVA), where he was responsible for leading the nation’s largest
    publicly owned utility in its mission of providing energy,
    environmental stewardship and economic development across a
    seven-state region. Mr. Johnson has almost 30 years of experience in
    the electric utility industry, where he has collaborated closely with
    elected officials and other community leaders to deliver safe and
    reliable electricity to millions of customers.

The PG&E Board said, “We are focused on taking additional actions to
bring about real and dynamic change that reinforces our commitment to
safety and continuous improvement. The appointments of Nora Mead
Brownell and Jeffrey Bleich, two respected leaders with a deep
understanding of the California and federal regulatory environments,
underscore our commitment to engage with our stakeholders to address the
state’s evolving energy challenges.”

The new PG&E Board includes Richard Barrera, Jeffrey Bleich, Nora Mead
Brownell, Cheryl Campbell, Fred Fowler, Richard Kelly, Michael Leffell,
Kenneth Liang, Dominique Mielle, Meridee Moore, Eric Mullins, Kristine
Schmidt and Alejandro Wolff. In addition, Mr. Johnson will stand for
election as a fourteenth director at PG&E’s 2019 Annual Meeting of
Shareholders.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a holding company headquartered in San
Francisco. It is the parent company of Pacific Gas and Electric Company
(the “Utility”), an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California. Each of PG&E Corporation and the Utility is a separate
entity, with distinct creditors and claimants, and is subject to
separate laws, rules and regulations. For more information, visit http://www.pgecorp.com.
In this news release, they are together referred to as “PG&E.”

Cautionary Statement Concerning Forward-Looking Statements

This news release includes forward-looking statements that are not
historical facts, including statements about the beliefs, expectations,
estimates, future plans and strategies of PG&E Corporation and the
Utility. These statements are based on current expectations and
assumptions, which management believes are reasonable, and on
information currently available to management, but are necessarily
subject to various risks and uncertainties. In addition to the risk that
these assumptions prove to be inaccurate, factors that could cause
actual results to differ materially from those contemplated by the
forward-looking statements include factors disclosed in PG&E
Corporation’s and the Utility’s annual report on Form 10-K for the year
ended December 31, 2018, and their subsequent reports filed with the
Securities and Exchange Commission (the “SEC”). Additional factors
include, but are not limited to, those associated with the Chapter 11
cases of PG&E Corporation and the Utility that commenced on January 29,
2019. PG&E Corporation and the Utility undertake no obligation to
publicly update or revise any forward-looking statements, whether due to
new information, future events or otherwise, except to the extent
required by law.

Additional Information

PG&E Corporation and the Utility intend to file a joint proxy statement
and other documents with the SEC in connection with their solicitation
of proxies for their 2019 Annual Meetings. Investors and security
holders are urged to read any such joint proxy statement (and any
amendments and supplements thereto), the accompanying WHITE proxy card
and other documents that have been or may be filed with the SEC
carefully and in their entirety as they contain or will contain
important information about the 2019 Annual Meetings. Investors and
security holders should read the joint proxy statement carefully before
making any voting or investment decisions. Investors and security
holders may obtain free copies of these and other documents filed with
the SEC by PG&E Corporation and the Utility through the website
maintained by the SEC at http://www.sec.gov.
Copies of the documents filed by PG&E Corporation and the Utility with
the SEC will be available on their website at http://investor.pgecorp.com.

Contacts

Media Relations
415.973.5930