SAN FRANCISCO–(BUSINESS WIRE)–The PG&E Corporation Board of Directors today announced that Executive
Chair Tony Earley, Jr., will retire from the PG&E Corporation and
Pacific Gas and Electric Company Boards and as a PG&E Corporation
employee effective Dec. 15, 2017.

Mr. Earley’s retirement is consistent with PG&E’s leadership succession
plan that was initiated in November 2016 with the announcement that Mr.
Earley was elected to serve as Executive Chair of the PG&E Corporation
Board of Directors.

Mr. Earley was succeeded as Chief Executive Officer and President of
PG&E Corporation on March 1 by Geisha Williams, who has more than three
decades of experience in the energy industry. Ms. Williams joined
Pacific Gas and Electric Company in 2007 and was named Executive Vice
President, Electric Operations, in 2011. She was named President,
Electric, and a member of Pacific Gas and Electric Company’s Board in
2015, and was elected to PG&E Corporation’s Board in May 2017. She
previously held executive roles at Florida Power and Light Company.

With Mr. Earley’s retirement, the PG&E Corporation Board of Directors
elected Richard C. Kelly to serve as the independent non-executive Chair
of the Board effective Dec. 16, 2017. As Board Chair, Mr. Kelly will be
responsible for leading the Board’s independent oversight of management.

Mr. Kelly is retired Chairman and Chief Executive Officer of Xcel Energy
Inc., a supplier of electric power and natural gas service in eight
Western and Midwestern states. From August 2000 until his retirement in
September 2011, he held various executive positions at Xcel Energy Inc.,
including President, Chief Operating Officer, and Chief Financial
Officer. Prior to the merger forming Xcel Energy Inc. in 2000, Mr. Kelly
held a variety of finance-related positions at predecessor companies New
Century Energies and Public Service of Colorado. Mr. Kelly has been a
director of PG&E Corporation and Pacific Gas and Electric Company since
June 2013. He was formerly a director of Canadian Pacific Railway and
BrightSource Energy, Inc.

Mr. Kelly said, “We greatly appreciate Tony Earley’s strong leadership
both during his tenure as CEO and as Executive Chair. As Tony moves into
retirement, we are fortunate to have Geisha at the helm. Geisha is a
strong and decisive leader who has articulated a clear vision of clean
energy leadership while also focusing on keeping our services
affordable, reliable and, above all, safe. We look forward to supporting
her and the management team in the years ahead.”

Mr. Earley said, “I’ve been honored to lead the women and men of PG&E.
They are immensely dedicated to supporting our customers and building a
better California. I am retiring knowing that Geisha Williams, Nick
Stavropoulos and the entire executive team will continue to lead PG&E on
its journey to be the safest, most reliable and most environmentally
responsible energy provider in the U.S. The choice of Dick Kelly as
independent Chair adds years of superb utility experience to the
corporate governance process.”

Ms. Williams said, “It has been a privilege to work with Tony Earley. He
has been an inspiring leader, mentor and friend, and all of us at PG&E
wish him many years of happiness. I look forward to working with Dick
Kelly and the entire Board as we work toward our vision of a sustainable
energy future.”

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a Fortune 200 energy-based holding
company headquartered in San Francisco. It is the parent company of
Pacific Gas and Electric Company, California’s largest investor-owned
utility. PG&E serves nearly 16 million Californians across a
70,000-square-mile service area in Northern and Central California. For
more information, visit www.pgecorp.com and www.pge.com.

Contacts

PG&E Corporation
Media Relations, 415-973-5930