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COALITION FOR LOCAL POWER


Estimated Annual Compensation , 1998 - 2003:

Mr. Robert D. Glynn, Fr., President and CEO, PG&E Corporation

COMPENSATION 1998 (2) 1999 (2) 2000 (2) 2001 (3) 2002 (3) 2003 (3)
Salary $700,000 $800,000 $900,000 $900,000 $1,050,000 $1,050,000
Bonus $931,350 $1224,000 $0 $1,181,700 $787,500 $0
Other Annual
Compensation
$42,180 $23,181 $3,806 $4,817 $4,833,349 $3,154,268
Restricted
Stock Awards
$0 $0 $0 $3,000,000 $0 $2,169,590
Long-Term Inventive
Program Payouts
$452,858 $176,204 $0 $74,588 $632,461 $9,879,911
All Other
Payments
$32,280 $36,780 $41,280 $413,196 $79,777 $666,050
Phantom
Stock Units (4)
$0 $0 $0 $0 $0 $17,089,241
TOTALS $2,158,668 $2,296,945 $945,086 $5,574,302 $7,373,127 $34,009,060


Gordon R. Smith, Sr. VP, PG&E Corporation and CEO and President, Pacific Gas and Electric Company

COMPENSATION 1998 (2) 1999 (2) 2000 (2) 2001 (3) 2002 (3) 2003 (3)
Salary $425,000 $550,000 $630,000 $630,000 $735,000 $735,000
Bonus $410,338 $460,075 $0 $664,808 $519,278 $0
Other Annual
Compensation
$16,328 $10,054 $820 $937 $4,310,520 $2,402,048
Restricted
Stock Awards
$0 $0 $0 $1,750,000 $0 $943,441
Long-Term Inventive
Program Payouts
$173,662 $74,436 $0 $40,282 $182,009 $5,842,500
All Other
Payments
$19,735 $25,360 $28,960 $241,302 $37,173 $453,723
Phantom
Stock Units (4)
$0 $0 $0 $0 $0 $9,968,736
TOTALS $1,045,060 $1,119,915 $659,780 $2,697,329 $5,048,980 $20,345,448

    Sources:

    1)    The PG&E Corporation is a holding company which is the sole owner of the Pacific Gas and Electric Company, the operating utility to which millions of Northern Californians pay their electric and gas bills.
    2)    PG&E Corporation and Pacific Gas and Electric Company, Joint Notice of 2001 Annual Meetings, Joint Proxy Statement, April 16, 2001, "Summary Compensation Table,"  pp. 31, 32. The Pacific Gas and Electric Company is a wholly owned subsidiary of the Pacific Gas and Electric Corporation.
    3)    "Summary Compensation Table, from SCHEDULE 14(a) INFORMATION, PROXY STATEMENT ACT OF PURSUANT TO section 14(a) OF THE SECURITIES EXCHANGE 1934, received March 17, 2004, pp 75-92. All information in this Table, except the "Phantom Stock Units" amounts (see note 4, below) comes from SCHEDULE 14(a) INFORMATION.
    4)    "Restricted phantom stock units" is the term PG&E Corp. gave to the benefits under it's Senior Executive Retention Program, according to pp.. 79 and 80 of SCHEDULE 14(a) INFORMATION, cited above in Note 3. The actual "phantom stock unit" dollar amounts are from Report of the Pacific Gas and Electric Company Pursuant to General Order 77-K For the Year Ended December 31, 2003, Attachment 1, page 141.


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Tel: 530 757-6609, Fax: 530 758-8187

Last updated 9-12-2005