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Notice of Court Order Authorizing Settlement of Claims PLEASE TAKE NOTICE that on January 3, 2002, the Bankruptcy Court in the Chapter 11 bankruptcy case of Pacific Gas and Electric Company("PG&E") entered an order (the "Order") authorizing PG&E to settle certain pre-petition claims filed against PG&E. The Order does NOT permit PG&E to pay any pre-petition claims. In particular, the Order authorizes PG&E to settle the following claims without further Court order: (i) any claim where the proposed allowed amount of such claim is $100,000 or less; and (ii) any claim where the proposed allowed amount exceeds $100,000 but is no more than $5 million, and is the lesser of(a) 110% of the amount of such claim as scheduled in PG&E's Amended and Restated Schedules filed herein on July 2, 2001 (the"Schedules"), and (b) $500,000 more than the amount of such claim as set forth on the Schedules. To the extent any proposed settlement does not meet the criteria set forth above, PG&E is required to provide written notice of such proposed settlement to counsel for the Official Committee of Unsecured Creditors (the"Committee") and the United States Trustee. If the Committee or the United States Trustee objects to the proposed settlement within ten calendar days after receipt of PG&E's notice, PG&E must file a motion and obtain the approval of the Bankruptcy Court before entering into the proposed settlement. Such a motion must be on at least twenty days'written notice to the Committee and the United States Trustee. If either the Committee or the United States Trustee does not object to the proposed settlement, PG&E may enter into the settlement without a Court order. To the extent any proposed settlement would result in an allowed claim in excess of$5 million, PG&E must file a motion and obtain the approval of the Bankruptcy Court before entering into the proposed settlement. Such motion must be on at least 20 days' notice to the Committee,the United States Trustee and the Special Notice List as defined in the Case Management Order Revised June 14, 2001 entered in this case (as amended or supplemented). Any party in interest who wishes to object to any such motion for approval of a settlement must file a written objection or response to the motion at least five(5) calendar days prior to the hearing on the motion. PG&E will file with the Court and serve on counsel for the Committee and the United States Trustee each signed stipulation settling a claim. PG&E will file and serve such stipulations in groups of 50 or more. You may obtain a copy of the Bankruptcy Court's Order through the"Pacific Gas & Electric Company Chapter I 1 Case"link accessible through the Bankruptcy Court's website (www.canb.uscourts.gov) (the Order is posted as Docket No. 4113), or by written request by mail to Howard, Rice,Nemerovski, Canady, Falk & Rabkin, Attn: Jerome Ferrer, Three Embarcadero Center, 7th Floor, San Francisco, California 94111- ' 4065, or by e-mail request to jferrer@hrice.com. WD 011702J1-1419903/42/970175/vl