A brief account is given of the fundamental properties of a new generalization ((1), (2)) of Einstein's gravitational theory. The field equations are then solved exactly for the case of a static spherically symmetric gravitational and electric field due to a charged particle at rest at the origin of the space-time coordinates. This solution provides information about the gravitational field produced by the electric energy surrounding a charged particle and yields the Coulomb potential field. The solution satisfies the required boundary conditions at infinity, and it reduces to the Schwarzschild solution of general relativity when the charge is zero.