Document:

Unassociated Document

     

    Exhibit
10.3          

    [Christopher
P. Johns – PG&E Corporation Letterhead]

    

    March 3,
2008

    

    

    

    Ms.
Barbara Barcon

    2605 Pine
Avenue

    Manhattan
Beach, CA. 90266

    

    Dear
Barbara:

    

    On behalf
of Pacific Gas and Electric Company, I am pleased to extend an invitation to you
to join the organization as Vice President of Finance.

    

    Your
initial target total annual compensation package will include the
following:

    

    
      	
              1.  

            	
              An
      annual base salary of $300,000 ($25,000 /month) subject to possible
      increases through our annual salary review
plan.

            

    

    

    
      	
              2.  

            	
              A
      one time sign on bonus of $125,000 payable within 60 days of your
      hire, subject to normal payroll withholdings. Should you decide to leave
      Pacific Gas & Electric Company within three years of your date of
      hire, a prorated amount of this payment must be refunded to the
      company.

            

    

    

    
      	
              3.  

            	
              A
      target incentive of $135,000 (45% of your base salary) in an annual
      incentive plan under which your actual incentive may range from $0 to
      $270,000 (two times the target incentive) based on performance relative to
      established goals.  For 2008 this incentive will be prorated for
      the number of months worked from your date of hire and will be payable in
      2009.

            

    

    

    
      	
              4.  

            	
              Participation
      in PG&E Corporation Long-Term Incentive Plan (LTIP).  Grants
      under the LTIP are currently delivered through two separate vehicles:
      restricted stock and performance shares; and are generally made annually
      on the first business day of March.  Your initial LTIP grant
      will be made in 2008 and will have a value of approximately $350,000.
      However, if your date of hire occurs during a “trading blackout” period,
      your initial LTIP grant will be made on the third business day following
      PG&E Corporation’s next earnings release. This estimated current value
      is used only for the purpose of determining the number of shares or units
      for your grant.  The ultimate value that you realize will depend
      upon your employment status and the performance of PG&E Corporation
      common stock.

            

    

    

    
      	
              5.  

            	
              A
      one-time supplement LTIP grant with an estimated current value of
      $150,000.This grant will be apportioned and made in the same manner as the
      grant described in item 4.

            

    

    

    
      	
              6.  

            	
              Participation
      in the PG&E Corporation Supplemental Executive Retirement Plan
      (SERP).  The basic benefit payable from the SERP at retirement
      is a monthly annuity equal to the product of 1.7% x (average of the three
      highest years’ combination of salary and annual incentive for the last ten
      years of service) x years of credited service x
  1/12.

            

    

    

    
      	
              7.  

            	
              Conditioned
      upon meeting plan requirements, you will also be eligible for
      post-retirement life insurance and post-retirement medical benefits upon
      retirement under the Pacific Gas and Electric Company Retirement Plan
      (RP).

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              Ms.
      Barbara Barcon

            

    

    
      	
               
      

            	
              Page
      2

            

    

    

    

    
      	
              8.  

            	
              Participation
      in the PG&E Corporation Retirement Savings Plan (RSP), a 401(k)
      savings plan.  You will be eligible to contribute as much as 20%
      of your salary on either a pre-tax or after-tax basis.  After
      your first year of service, we will match contributions you make up to 3%
      of your salary at 75 cents on each dollar contributed.  After
      three years of service, we will match contributions up to 6% of your
      salary at 75 cents on each dollar contributed.  All of the above
      contributions are subject to the applicable legal
  limits.

            

    

    

    
      	
              9.  

            	
              Participation
      in the PG&E Corporation Supplemental Retirement Savings Plan (SRSP), a
      non-qualified, deferred compensation plan.  You may elect to
      defer payment of some of your compensation on a pre-tax
      basis.  We will provide you with the full matching contributions
      that cannot be provided through the RSP due to legal limitations imposed
      on highly compensated employees.

            

    

    

    
      	
              10.  

            	
              Participation
      in a cafeteria-style benefits program that permits you to select coverage
      tailored to your personal needs and circumstances.  The benefits
      you elect will be effective the first of the month following the date of
      your hire and upon receipt of completed enrollment
  forms.

            

    

    

    
      	
              11.  

            	
              An
      annual vacation allotment of four weeks, subject to future increases based
      on length of service.  For 2008 the vacation allotment will be
      prorated based on your date of hire.  In addition, Pacific Gas
      and Electric Company recognizes ten paid company holidays and provides
      three floating holidays and two weeks of sick leave immediately upon
      hire.

            

    

    

    
      	
              12.  

            	
              An
      annual perquisite allowance of $15,000 to be used in lieu of individual
      authorizations for cars and memberships in clubs and civic
      organizations.

            

    

    

    
      	
              13.  

            	
              Participation
      in the Employee Discount program after six months of continuous service
      following your date of hire.  The program offers participants a
      25% discount on electricity and gas rates for their primary
      residence.  In order to receive this benefit, you must (a) live
      within Pacific Gas and Electric Company’s service territory and (b) have
      the service in your name at your primary
  residence.

            

    

    

    
      	
              14.  

            	
              Our
      employment offer also includes a comprehensive executive relocation
      assistance package. In
      addition, you will
      be eligible for up to 12 months of corporate
      housing and
      commuting costs between Manhattan Beach and San Francisco. Should you have
      questions regarding the relocation package, please contact Denise Nicco,
      Director of Relocation, at (415)
973-3814.

            

    

    

    

    Our
employment offer is contingent upon you passing a Company-paid drug analysis
examination, verification of the contents of your completed Job History Form and
satisfactory background and reference checks.  In addition, on your
first day of employment, we are required (under applicable immigration laws) to
establish your identity and verify your eligibility for employment in the United
States.  Should you accept our offer, details on meeting these
requirements and confirmation of your start date will
follow.  Although your employment will be at-will, it is our hope that
your acceptance of our offer will be the beginning of a mutually beneficial
relationship with the Company. I would appreciate receiving your written
acceptance of this offer as soon as possible.  In the interim, if you
have additional questions, please contact Becky Christian at
415-267-7200.

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Ms
Barbara Barcon

    Page
3

    

    

    Let me
close by offering my thanks for your interest in joining Pacific Gas and
Electric Company.  We look forward to your acceptance of our
employment offer as outlined in the terms of this letter.  We believe
you will find our company a great place to work.

    

    Sincerely,

    

    CHRISTOPHER
P. JOHNS

    

    Christopher
P. Johns

    

    

    

    

    

    

    Please
acknowledge your acceptance of this offer and the terms of this letter by
signing the original, providing the information requested above, and returning
it in the enclosed envelope.  An additional copy of this letter is
enclosed for your personal records.  It is important to note that you
will be an employee-at-will.  This means that either you or Pacific
Gas and Electric Company may end your employment at any time, with or without
cause, and with or without notice.

    

    
      	
              BARBARA
      BARCON

            
	 
      
	 
      
	
              XXX-XX-XXXX

            	 
      	
              10/4/56

            
	
              (Social
      Security No.)

            	 
      	
              Date
      of Birth

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

        
          Ms.
Barbara Barcon 

          March 3,
2008 

          Page

          

        

      

    

    

    cc:           Chris
Johns

    Bill Morrow

    John
Simon

    Becky Christian

    Denise NiccoUnassociated Document

    Exhibit
10.4                             

       

      THE
TERMS AND CONDITIONS OF THIS AGREEMENT ARE PURSUANT TO THE PG&E CORPORATION
OFFICER SEVERANCE PLAN, ADOPTED BY THE NOMINATING, COMPENSATION, AND GOVERNANCE
COMMITTEE OF PG&E CORPORATION, AND ARE NOT SUBJECT TO
NEGOTIATION

      SEPARATION
AGREEMENT

      

       

      This
Separation Agreement (this “Agreement”) is made and entered into by and between
G. Robert Powell and PG&E Corporation (the “Corporation”) (collectively the
“Parties”) and sets forth the terms and conditions of Mr. Powell’s separation
from employment with the Corporation.  The “Effective Date” of this
Agreement is defined in paragraph 17(a).

       

      1.           Resignation.  Effective
the close of business on March 5, 2008 (for purposes of this Agreement, the
“Date of Resignation”), Mr. Powell will resign from his positions as Vice
President, Chief Financial Officer and Controller of Pacific Gas and Electric
Company and Vice President and Controller of PG&E Corporation, and resign
from employment with the Corporation.  Mr. Powell shall have until
March 26, 2008, to accept this Agreement by submitting a signed copy to the
Corporation.  Regardless of whether Mr. Powell accepts this Agreement,
on his Date of Resignation, he will be paid all salary or wages and vacation
accrued, unpaid and owed to him as of that date, he will remain entitled to any
other benefits to which he is otherwise entitled under the provisions of the
Corporation’s plans and programs, and he will receive notice of the right to
continue his existing health-insurance coverage pursuant to COBRA.

       

      The
benefits set forth in paragraph 2 below are conditioned upon Mr. Powell’s
acceptance of this Agreement.

       

      2.           Separation
benefits.  Even though Mr. Powell is not otherwise entitled to
them, in consideration of his acceptance of this Agreement, the Company will
provide to Mr. Powell the following separation benefits:

       

      a.           Severance
payment.  Under the terms of the PG&E Corporation Officer
Severance Policy, Mr. Powell’s severance payment amount is Six Hundred
Sixty-Seven Thousand Seven Hundred Twenty-Five Dollars ($667,725) of which
Sixty-Two Thousand Six Hundred Twenty-Eight Dollars ($62,628) will be converted
into additional age to age 55 under the PG&E Corporation Supplemental
Executive Retirement Plan.  As a result, Mr. Powell will be entitled
to receive an annual defined supplemental pension benefit as a single life
annuity of Six Hundred Twenty-Six Dollars and Eighty-Six Cents ($626.86)
beginning on the first of October 2008.  On the Effective Date of this
Agreement as set forth in paragraph 17(a) below, the Corporation will make a
lump-sum payment to Mr. Powell in the gross amount of Six Hundred Five Thousand
Ninety-Seven Dollars ($605,097), less applicable withholdings and
deductions.

       

      b.           Stock.  Upon the
Date of Resignation, but conditioned on the occurrence of the Effective Date of
this Agreement as set forth in paragraph 17(a) below, all
unvested  restricted stock grants, and performance share grants
provided to Mr. Powell under PG&E Corporation’s 2006 Long-Term Incentive
Plan shall continue to vest, terminate, or be canceled as provided under the
terms of their respective plans or program, as modified by the PG&E
Corporation Officer Severance Policy in effect at the time this Agreement is
signed by Mr.

       

      
        
          
          

        

        
          -1-

          
            

          

        

        
          
          

        

      

       

      Powell.  The
payment and withdrawal of Mr. Powell’s restricted stock grants, and performance
share grants shall be as provided under the terms of their respective plans or
program, as modified by the PG&E Corporation Officer Severance Policy in
effect at the time this Agreement is signed by Mr. Powell.

       

      d.           Career transition
services.  For a maximum period of one year following the Date
of Resignation, the Corporation will provide Mr. Powell with executive career
transition services from the firm of Torchiana, Mastrov & Sapiro, Inc., in
accordance with the contract between the Corporation and Torchiana, Mastrov
& Sapiro, Inc.  Mr. Powell’s entitlement to services under this
Agreement will terminate when he becomes employed, either by another employer or
through self-employment other than consulting with the
Corporation.  If Mr. Powell becomes employed, he will promptly notify
PG&E Corporation’s Human Resources Officer to enable the Corporation to end
the provision of services to him by Torchiana, Mastrov & Sapiro,
Inc.

       

      e.           Payment of COBRA
premiums.  If Mr. Powell elects and is otherwise eligible to
continue his existing health-insurance coverage pursuant to COBRA, the
Corporation will pay his monthly COBRA premiums for the eighteen-month period
commencing the first full month after the Date of Resignation and until and
unless Mr. Powell becomes covered under the health-insurance plan of another
employer or through self-employment.  Mr. Powell will promptly notify
the PG&E Corporation’s Human Resources Officer if he becomes employed within
that period.

       

      3.           Defense and indemnification in
third-party claims.  The Corporation and/or its parent,
affiliate, or subsidiary will provide Mr. Powell with legal representation and
indemnification protection in any legal proceeding in which he is a party or is
threatened to be made a party by reason of the fact that he is or was an
employee or officer of the Corporation and/or its parent, affiliate or
subsidiary, in accordance with the terms of the resolution of the Board of
Directors of PG&E Corporation dated December 18, 1996.

       

      4.           Cooperation with legal
proceedings.  Mr. Powell will, upon reasonable notice, furnish
information and proper assistance to the Corporation and/or its parent,
affiliate or subsidiary (including truthful testimony and document production)
as may reasonably be required by them or any of them in connection with any
legal, administrative or regulatory proceeding in which they or any of them is,
or may become, a party, or in connection with any filing or similar obligation
imposed by any taxing, administrative or regulatory authority having
jurisdiction, provided, however, that the Corporation and/or its parent,
affiliate or subsidiary will pay all reasonable expenses incurred by Mr. Powell
in complying with this paragraph.

       

      5.           Release of claims and covenant not to
sue.

       

      a.           In
consideration of the separation benefits and other benefits the Corporation is
providing under this Agreement, Mr. Powell, on behalf of himself and his
representatives, agents, heirs and assigns, waives, releases, discharges and
promises never to assert any and all claims, liabilities or obligations of every
kind and nature, whether known or unknown, suspected or unsuspected that he ever
had, now has or might have as of the Effective Date against the Corporation or
its predecessors, parent, affiliates, subsidiaries, shareholders,

       

       

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

       

      owners,
directors, officers, employees, agents, attorneys, successors, or
assigns.  These released claims include, without limitation, any
claims arising from or related to Mr. Powell’s employment with the Corporation,
its parent or any of its affiliates and subsidiaries, and the termination of
that employment.  These released claims also specifically include, but
are not limited, any claims arising under any federal, state and local statutory
or common law, such as (as amended and as applicable) Title VII of the Civil
Rights Act, the Age Discrimination in Employment Act, the Americans With
Disabilities Act, the Employee Retirement Income Security Act, the California
Fair Employment and Housing Act, the California Labor Code, any other federal,
state or local law governing the terms and conditions of employment or the
termination of employment, and the law of contract and tort; and any claim for
attorneys’ fees.

       

      b.           Mr.
Powell acknowledges that there may exist facts or claims in addition to or
different from those which are now known or believed by him to
exist.  Nonetheless, this Agreement extends to all claims of every
nature and kind whatsoever, whether known or unknown, suspected or unsuspected,
past or present, and Mr. Powell specifically waives all rights under Section
1542 of the California Civil Code which provides that:

       

      
        	
                 
      

              	
                A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE
      RELEASE, WHICH IF KNOWN TO HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR
      HER SETTLEMENT WITH THE DEBTOR.

              

      

       

      c.           With
respect to the claims released in the preceding paragraphs, Mr. Powell will not
initiate or maintain any legal or administrative action or proceeding of any
kind against the Corporation or its predecessors, parent, affiliates,
subsidiaries, shareholders, owners, directors, officers, employees, agents,
attorneys, successors, or assigns, for the purpose of obtaining any personal
relief, nor (except as otherwise required or permitted by law) assist or
participate in any such proceedings, including any proceedings brought by any
third parties.

       

      6.           Re-employment.  Mr.
Powell will not seek any future re-employment with the Corporation, its parent
or any of its subsidiaries or affiliates.  This paragraph will not,
however, preclude Mr. Powell from accepting an offer of future employment from
the Corporation, its parent or any of its subsidiaries or
affiliates.

       

      7.           Non-disclosure.

       

      a.           Mr.
Powell will not disclose, publicize, or circulate to anyone in whole or in part,
any information concerning the existence, terms, and/or conditions of this
Agreement without the express written consent of the PG&E Corporation’s
Chief Legal Officer unless otherwise required or permitted by
law.  Notwithstanding the preceding sentence, Mr. Powell may disclose
the terms and conditions of this Agreement to his family members, and any
attorneys or tax advisors, if any, to whom there is a bona fide need for disclosure
in order for them to render professional services to him, provided that the
person first agrees to keep the information
confidential and not to make any disclosure of the terms and conditions of this
Agreement unless otherwise required or permitted by law.

       

      
        
          
          

        

        
          -3-

          
            

          

        

        
          
          

        

      

       

      b.           Mr.
Powell will not use, disclose, publicize, or circulate any confidential or
proprietary information concerning the Corporation or its subsidiaries or
affiliates, which has come to his attention during his employment with the
Corporation, unless doing so is expressly authorized in writing by the PG&E
Corporation’s Chief Legal Officer, or is otherwise required or permitted by
law.  Before making any legally-required or permitted disclosure, Mr.
Powell will give the Corporation notice at least ten (10) business days in
advance.

       

      8.           No unfair
competition.

       

      a.           Mr.
Powell will not engage in any unfair competition against the Corporation, its
parent or any of its subsidiaries or affiliates.

       

      b.           For
a period of one year after the Effective Date, Mr. Powell will not, directly or
indirectly, solicit or contact for the purpose of diverting or taking away or
attempt to solicit or contact for the purpose of diverting or taking
away:

       

      
        	
                 
      

              	
                (1)

              	
                any
      existing customer of the Corporation or its parent, affiliates or
      subsidiaries;

              

      

       

      
        	
                 
      

              	
                (2)

              	
                any
      prospective customer of the Corporation or its parent, affiliates or
      subsidiaries about whom Mr. Powell acquired information as a result of any
      solicitation efforts by the Corporation or its parent, affiliates or
      subsidiaries, or by the prospective customer, during Mr. Powell’s
      employment with the Corporation;

              

      

       

      
        	
                 
      

              	
                (3)

              	
                any
      existing vendor of the Corporation or its parent, affiliates or
      subsidiaries;

              

      

       

      
        	
                 
      

              	
                (4)

              	
                any
      prospective vendor of the Corporation or its parent, affiliates or
      subsidiaries, about whom Mr. Powell acquired information as a result of
      any solicitation efforts by the Corporation or its parent, affiliates or
      subsidiaries, or by the prospective vendor, during Mr. Powell’s employment
      with the Corporation;

              

      

       

      
        	
                 
      

              	
                (5)

              	
                any
      existing employee, agent or consultant of the Corporation or its parent,
      affiliates or subsidiaries, to terminate or otherwise alter the person’s
      or entity’s employment, agency or consultant relationship with the
      Corporation or its parent, affiliates or subsidiaries;
  or

              

      

       

      
        	
                 
      

              	
                (6)

              	
                any
      existing employee, agent or consultant of the Corporation or its parent,
      affiliates or subsidiaries, to work in any capacity for or on behalf of
      any person, company or other business enterprise that is in competition
      with the Corporation or its parent, affiliates or
      subsidiaries.

              

      

       

      

      
        
          
          

        

        
          -4-

          
            

          

        

        
          
          

        

      

       

      9.           Material breach by
Employee.  In the event that Mr. Powell breaches any material
provision of this Agreement, including but not necessarily limited to paragraphs
4, 5, 6, 7, and/or 8, the Corporation will have no further obligation to pay or
provide to him any unpaid amounts or benefits specified in this Agreement and
will be entitled to immediate return of any and all amounts or benefits
previously paid or provided to him under this Agreement and to recalculate any
future pension benefit entitlement without the additional credited age he
received or would have received under this Agreement.  Despite any
breach by Mr. Powell, his other duties and obligations under this Agreement,
including his waivers and releases, will remain in full force and
effect.  In the event of a breach or threatened breach by Mr. Powell
of any of the provisions in paragraphs 4, 5, 6, 7, and/or 8, the Corporation
will, in addition to any other remedies provided in this Agreement, be entitled
to equitable and/or injunctive relief and, because the damages for such a breach
or threatened breach will be difficult to determine and will not provide a full
and adequate remedy, the Corporation will also be entitled to specific
performance by Mr. Powell of his obligations under paragraphs 4, 5, 6, 7, and/or
8.  Pursuant to paragraph 14, and except as otherwise prohibited or
limited by law, Mr. Powell will also be liable for any litigation costs and
expenses that the Corporation incurs in successfully seeking enforcement of its
rights under this Agreement, including reasonable attorney’s fees.

       

      10.           Material breach by the
Corporation.  Mr. Powell will be entitled to recover actual
damages in the event of any material breach of this Agreement by the
Corporation, including any unexcused late or non-payment of any amounts owed
under this Agreement, or any unexcused failure to provide any other benefits
specified in this Agreement.  In the event of a breach or threatened
breach by the Corporation of any of its material obligations to him under this
Agreement, Mr. Powell will be entitled to seek, in addition to any other
remedies provided in this Agreement, specific performance of the Corporation’s
obligations and any other applicable equitable or injunctive
relief.  Pursuant to paragraph 14, and except as prohibited or limited
by law, the Corporation will also be liable for any litigation costs and
expenses that Mr. Powell incurs in successfully seeking enforcement of his
rights under this Agreement, including reasonable attorney’s
fees.  Despite any breach by the Corporation, its other duties and
obligations under this Agreement will remain in full force and
effect.

       

      11.           
No admission of
liability.  This Agreement is not, and will not be considered,
an admission of liability or of a violation of any applicable contract, law,
rule, regulation, or order of any kind.

       

      12.           Complete
agreement.  This Agreement sets forth the entire agreement
between the Parties pertaining to the subject matter of this Agreement and fully
supersedes any prior or contemporaneous negotiations, representations,
agreements, or understandings between the Parties with respect to any such
matters, whether written or oral (including any that would have provided Mr.
Powell with any different severance arrangements).  The Parties
acknowledge that they have not relied on any promise, representation or
warranty, express or implied, not contained in this Agreement.  Parol
evidence will be inadmissible to show agreement by and among the Parties to any
term or condition contrary to or in addition to the terms and conditions
contained in this Agreement.

       

      

      
        
          
          

        

        
          -5-

          
            

          

        

        
          
          

        

      

       

      13.           Severability.  If
any provision of this Agreement is determined to be invalid, void, or
unenforceable, the remaining provisions will remain in full force and effect
except that, should paragraphs 4, 5, 6, 7, and/or 8 be held invalid, void or
unenforceable, either jointly or separately, the Corporation will be entitled to
rescind the Agreement and/or recover from Mr. Powell any payments made and
benefits provided to him under this Agreement.

       

      14.           Arbitration.  With
the exception of any request for specific performance, injunctive or other
equitable relief, any dispute or controversy of any kind arising out of or
related to this Agreement, Mr. Powell’s employment with the Corporation (or with
the employing subsidiary), the separation of Mr. Powell from that employment and
from his positions as an officer and/or director of the Corporation or any
subsidiary or affiliate, or any claims for benefits, will be resolved
exclusively by final and binding arbitration using a three-member arbitration
panel in accordance with the Commercial Arbitration Rules of the American
Arbitration Association currently in effect, provided, however, that in
rendering their award, the arbitrators will be limited to accepting the position
of Mr. Powell or the Corporation.  The only claims not covered by this
paragraph are any non-waivable claims for benefits under workers’ compensation
or unemployment insurance laws, which will be resolved under those
laws.  Any arbitration pursuant to this paragraph will take place in
San Francisco, California.  The Parties may be represented by legal
counsel at the arbitration but must bear their own fees for such representation
in the first instance.  The prevailing party in any dispute or
controversy covered by this paragraph, or with respect to any request for
specific performance, injunctive or other equitable relief, will be entitled to
recover, in addition to any other available remedies specified in this
Agreement, all litigation expenses and costs, including any arbitrator,
administrative or filing fees and reasonable attorneys’ fees, except as
prohibited or limited by law.  The Parties specifically waive any
right to a jury trial on any dispute or controversy covered by this
paragraph.  Judgment may be entered on the arbitrators’ award in any
court of competent jurisdiction.  Subject to the arbitration
provisions of this paragraph, the sole jurisdiction and venue for any action
related to the subject matter of this Agreement will be the California state and
federal courts having within their jurisdiction the location of the
Corporation’s principal place of business in California at the time of such
action, and both Parties hereby consent to the jurisdiction of such courts for
any such action.

       

      15.           Governing law.  This
Agreement will be governed by and construed under the laws of the United States
and, to the extent not preempted by such laws, by the laws of the State of
California, without regard to their conflicts of laws provisions.

       

      16.           No waiver.  The
failure of either Party to exercise or enforce, at any time, or for any period
of time, any of the provisions of this Agreement will not be construed as a
waiver of that provision, or any portion of that provision, and will in no way
affect that party’s right to exercise or enforce such provisions.  No
waiver or default of any provision of this Agreement will be deemed to be a
waiver of any succeeding breach of the same or any other provisions of this
Agreement.

       

       

      
        
          
          

        

        
          -6-

          
            

          

        

        
          
          

        

      

      

      17.           Acceptance of
Agreement.

       

      a.           Mr.
Powell was provided up to 21 days to consider and accept the terms of this
Agreement and was advised to consult with an attorney about the Agreement before
signing it.  The provisions of the Agreement are, however, not subject
to negotiation.  After signing the Agreement, Mr. Powell will have an
additional seven (7) days in which to revoke in writing acceptance of this
Agreement.  To revoke, Mr. Powell will submit a signed statement to
that effect to PG&E Corporation’s Chief Legal Officer before the close of
business on the seventh day.  If Mr. Powell does not submit a timely
revocation, the Effective Date of this Agreement will be the eighth day after he
has signed it.

       

      b.           Mr.
Powell acknowledges reading and understanding the contents of this Agreement,
being afforded the opportunity to review carefully this Agreement with an
attorney of his choice, not relying on any oral or written representation not
contained in this Agreement, signing this Agreement knowingly and voluntarily,
and, after the Effective Date of this Agreement, being bound by all of its
provisions.

      

        
          	
                  Dated:

                	
                    3/6/08                          .                

                	 
      	
                  PG&E
      CORPORATION

                
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                  By:
           JOHN R.
      SIMON                  

                
	
                  Dated:

                	
                  March
      6,
      2008             .                 

                	 
      	
                   

                  G.
      ROBERT POWELL

                   

                
	 
      	 
      	 
      	
                  G.
      ROBERT
      POWELL                       

                

        

      
        
           

        

        
          -7-

          
            

          

        

        
           

        

      

+

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]