Pacific Gas and Electric Company (the "Company") today announced that it is increasing the Aggregate Maximum Tender Amount (as defined in the Offer to Purchase referred to below) for its previously announced cash tender offers ("Tender Offers") such that the aggregate purchase price for the Tender Offers will be increased from $1,000,000,000 to $1,200,000,000 of its outstanding 3.30% Senior Notes due December 1, 2027 (the "3.30% Senior Notes") and 2.10% First Mortgage Bonds due August 1, 2027 (the "2.10% First Mortgage Bonds" and, together with the 3.30% Senior Notes, the "Bonds" and, each series, a "series of Bonds"), subject to the order of priority (the "Acceptance Priority Levels" as set forth in the table in the Offer to Purchase).