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(1)
Includes approximately one million shares of PG&E Corporation
common stock treated as outstanding in connection with accelerated share
repurchase agreements (ASRs) for 2006. The remaining shares of
approximately two million at December 31, 2006 relate to share-based
compensation and are deemed to be outstanding under SFAS No. 128 for the
purpose of calculating EPS. PG&E Corporation has no
remaining obligation under these ASRs as of December 31,
2007.
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(2)
“Distributed earnings, basic” differs from actual per share amounts paid
as dividends, as the EPS computation under GAAP requires the use of
the weighted average, rather than the actual number of, shares
outstanding.
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