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                                                                       EXHIBIT 2

                      [LETTERHEAD OF ARTHUR ANDERSEN LLP]

                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation of our
report dated June 3, 1999, included in this Form 11-K relating to the PG&E
Corporation Retirement Savings Plan, into PG&E Corporation's previously filed
Registration Statement File No. 333-77145.



ARTHUR ANDERSEN LLP

San Francisco, California
June 23, 1999
