Pressure Control (PC) Solenoid Valve
WARNING: This page is about a different car, the 2007 GMC Sierra and 2007 Chevrolet Silverado. However, it is still accessible from the selected car via links, so may be relevant.
Remember that the PC solenoid valve continually varies torque signal fluid pressure in relation to throttle position and vehicle operating conditions. This provides a precise control of line pressure.