EXHIBIT 99.2
PG&E CORPORATION
LONG-TERM INCENTIVE PROGRAM
FORM OF PERFORMANCE SHARE AGREEMENT
PG&E CORPORATION, a California corporation, hereby grants Performance Shares to the Recipient named below. The Performance Shares have been awarded under the PG&E Corporation Long-Term Incentive Program (the “LTIP”). The terms and conditions of the Performance Shares are set forth in this cover sheet and the attached Performance Share Agreement (the “Agreement”).
Date of Grant: January 3, 2005
Name of Recipient:
Recipient’s Social Security Number: _____-____-_____
Number of Performance Shares:
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Recipient:
(Signature)
Attachment
Please return your signed Agreement to PG&E Corporation, Human Resources,
One Market Street, Spear Street Tower, Suite 400, San Francisco, California 94105
PG&E CORPORATION LONG-TERM INCENTIVE PROGRAM
PERFORMANCE SHARE AGREEMENT
By signing the cover sheet of this Agreement, you agree to all of the terms and conditions described above and in the LTIP.
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1 The identities of the companies currently comprising the comparator group are included in the prospectus. PG&E Corporation reserves the right to change the companies comprising the comparator group at any time.