Mah & Associates CPAs


To the Management of PG&E Corporation:

We have performed the procedures enumerated in the Report of Independent Registered Public Accounting Firm on Applying Agreed-Upon Procedures dated June 15, 2004 (Report), solely to assist the management of PG&E Corporation (PG&E) and Greenlining Institute (parties) in evaluating the full disclosure of the elements of the accompanying PG&E Corporation's 2003 Executive Compensation Supplement to the General Order 77-K Report filed with the Public Utilities Commission containing the Compensation Granted and Compensation Opportunity and the Compensation Received or Deferred (2003 Executive Compensation Supplement) prepared in accordance with the criteria specified therein as of December 31, 2003. PG&E Corporation's management is responsible for the 2003 Executive Compensation Supplement.

These agreed-upon procedures enumerated in our Report were agreed to by the parties and we make no representations on the sufficiency of the procedures described in the Report either for the purpose for which that Report is prepared for or for any other purpose.

The agreed-upon procedures engagement was conducted in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States).

Based on the procedures we performed, we found two exceptions whose amounts are immaterial in value. Two executive employees were paid $249 less than the actual amount of compensation as disclosed on the accompanying 2003 Executive Compensation Supplement.

Except as described in the preceding paragraph and based on the procedures we performed, we found no other exceptions. The elements of the accompanying 2003 Executive Compensation Supplement are fully disclosed and clearly described; and are consistent with the books and records of PG&E, authorization of PG&E's Nominating, Compensating and Governance Committee, and the documents filed with the Securities Exchange Commission and other sources available on the internet.


June 24, 2004 San Francisco, California

ONE EMBARCADERO CENTER, SAN FRANCISCO, CA 94111,,, FAX 415-982-1111, TEL 415-981-1111