|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | Three      MonthsEndedMarch      31, |   |    | Year      Ended December 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|--------|---------|------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2010                                 |   |    | 2009                         |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
| Earnings:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                 |   |    |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | $                                    | 261    |    |                         | $      | 1,234 |   |   | $ | 1,198 |   |   | $ | 1,020 |   |   | $ | 1,005 |   |   | $ | 920 |   |
| Income      taxes provision                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                 | 185    |    |                         |   | 460 |   |   |   | 425 |   |   |   | 539 |   |   |   | 554 |   |   |   | 544 |   |
| Fixed      charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                 | 207    |    |                         |   | 877 |   |   |   | 907 |   |   |   | 937 |   |   |   | 845 |   |   |   | 639 |   |
| Pre-tax      earnings required to coverthe      preferred stock dividend of consolidated subsidiaries                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                 | (4     | )  |                         |   | (16 | )  |   |   | (16 | )  |   |   | (17 | )  |   |   | (15 | )  |   |   | (20 | )  |
| Total      Earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                                    | 649    |    |                         | $      | 2,555 |   |   | $ | 2,514 |   |   | $ | 2,479 |   |   | $ | 2,389 |   |   | $ | 2,083 |   |
| Fixed      Charges:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                 |   |    |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      and amortization of premiums, discounts and capitalized expenses related      to short-term borrowings and long-term debt, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                                    | 185    |    |                         | $      | 798 |   |   | $ | 825 |   |   | $ | 865 |   |   | $ | 799 |   |   | $ | 603 |   |
| Interest      on capital leases                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                 | 5      |    |                         |   | 19 |   |   |   | 22 |   |   |   | 23 |   |   |   | 11 |   |   |   | 1 |   |
| AFUDC      debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                 | 13     |    |                         |   | 44 |   |   |   | 44 |   |   |   | 32 |   |   |   | 20 |   |   |   | 15 |   |
| Pre-tax      earnings required to cover the preferred stock dividend of consolidated      subsidiaries                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                 | 4      |    |                         |   | 16 |   |   |   | 16 |   |   |   | 17 |   |   |   | 15 |   |   |   | 20 |   |
| Total      Fixed Charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                                    | 207    |    |                         | $      | 877 |   |   | $ | 907 |   |   | $ | 937 |   |   | $ | 845 |   |   | $ | 639 |   |
| Ratios      of Earnings toFixed      Charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                 | 3.14   |    |                         |   | 2.91 |   |   |   | 2.77 |   |   |   | 2.65 |   |   |   | 2.83 |   |   |   | 3.26 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
| Note: For      the purpose of computing PG&E Corporation's ratios of earnings to      fixed charges, “earnings” represent income from continuing operations      adjusted for income taxes, fixed charges (excluding capitalized interest),      and pre-tax earnings required to cover the preferred stock dividend of      consolidated subsidiaries. “Fixed charges” include interest on      long-term debt and short-term borrowings (including a representative      portion of rental expense), amortization of bond premium, discount and      expense, interest on capital leases, AFUDC debt, and earnings required to      cover preferred stock dividends of consolidated subsidiaries. Fixed      charges exclude interest on taxliabilities. |