<SUBMISSION>
<ACCESSION-NUMBER>0001004980-01-500032
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20010606
<ITEMS>5
<ITEMS>9
<FILING-DATE>20010606
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>PG&E CORP
<CIK>0001004980
<ASSIGNED-SIC>4931
<IRS-NUMBER>943234914
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-12609
<FILM-NUMBER>1655206
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ONE MARKET SPEAR TOWER
<STREET2>SUITE 2400
<CITY>SAN FRANCISCO
<STATE>CA
<ZIP>94105
<PHONE>4152677000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>ONE MARKET SPEAR TOWER
<STREET2>SUITE 2400
<CITY>SAN FRANCISCO
<STATE>CA
<ZIP>94105
</MAIL-ADDRESS>
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<FORMER-CONFORMED-NAME>PG&E PARENT CO INC
<DATE-CHANGED>19951214
</FORMER-COMPANY>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>1
<FILENAME>exhibit99.txt
<DESCRIPTION>INCOME STATEMENT AND BALANCE SHEET
<TEXT>

				EXHIBIT 99


Pacific Gas and Electric Company
Condensed Statement of Consolidated Operations
For the month ended April 30, 2001
Unaudited
(in millions)
							$mms

1  OPERATING REVENUES (see note 2)	  		 678

   OPERATING EXPENSES
2  Cost of Electric Energy	    			 217
3  Cost of Gas	    					 190
4  Maintenance, Operating, Administrative & General	 204
5  Depreciation, Decommissioning, and Amortization	  73
							------
6  TOTAL OPERATING EXPENSES	     			 684
							------
7  OPERATING INCOME (LOSS)	      			  (6)
							------
8  Interest Income/Expense	  			 (67)
9  Other Income and (Expense)	       			  (4)
							------
10 PRE-TAX INCOME (LOSS)	  			 (77)
							------
11 Income Taxes	 				         (33)
							------
12 EARNINGS (LOSS)				     $   (44)
							------
							------
<PAGE>

Notes:
------
1. These preliminary financial statements were prepared using certain
   assumptions and estimates.  These assumptions and estimates are subject
   to revision and actual results could differ materially from the information
   provided in this statement.  Further, the amounts shown in this statement,
   when reported on a quarterly basis, may differ materially due to adjustments
   in accruals, changes in facts and circumstances, changes in estimates,
   further analysis, and other factors.

2. These preliminary financial statements were prepared using certain
   assumptions and estimates, including the estimated amount payable to
   the California Department of Water Resources (DWR) for power purchased
   by the DWR on behalf of retail customers during April 2001.  These
   assumptions and estimates are subject to revision and actual results
   could differ materially from the information provided in this statement.

3. Pacific Gas and Electric Company believes that in light of the Federal
   Energy Regulatory Commission's April 6, 2001 order which reaffirmed its
   February 14, 2001 order barring the California Independent System Operator
   (ISO) from charging the utility for its power purchases, the utility is not
   responsible for any ISO charges since it became non-creditworthy,
   except for an allocated share of the ISO's grid management charge.
   The amounts shown above do not include any estimated ISO charges after
   April 6, 2001, other than the estimated grid management charge, and the
   utility believes it is not responsible for any ISO charges since January
   2001 when it became non-creditworthy.

4. The income statement reflects activity for the entire month of April 2001.

5. Items impacting comparability:
    - Undercollected purchased power costs		76
    - Interest expense					16
					     	      ------
							92
					  	      ------
					  	      ------

<PAGE>



Pacific Gas And Electric Company
Unconsolidated Balance Sheet (Unaudited)
(in millions, except share amounts)
As of April 30, 2001


ASSETS
Current Assets
 Cash and cash equivalents				   60
 Short-term investments					2,783
 Accounts receivable:
  Customers (net of allowance for doubtful accounts
    of $54 million)					1,171
  Related parties					   31
  Regulatory balancing accounts				   61
 Inventories:
  Gas stored underground and fuel oil			  147
  Materials and supplies				  134
 Income taxes receivable				  427
 Prepaid expenses and other				  237
						      --------
 Total current assets					5,051

Property, Plant, and Equipment
 Electric					       16,352
 Gas							7,695
 Construction work in progress				  305
 Total property, plant, and equipment 		      --------
  (at original cost)				       24,352
 Accumulated depreciation and decommissioning	      (11,310)
						      --------
Net property, plant, and equipment		       13,042

Other Noncurrent Assets
 Regulatory assets					1,789
 Nuclear decommissioning funds				1,300
 Other							1,756
						      -------
 Total noncurrent assets				4,845
						      -------
TOTAL ASSETS					       22,938
						      -------
						      -------

LIABILITIES AND EQUITY
Liabilities
 Accounts payable
  Trade creditors	  				  281
  Related parties	                   		   62
  Regulatory balancing accounts	                   	  509
  Other	                   				  292
 Risk management liabilities - current			   12
 Rate reduction bonds					1,889
 Deferred income taxes					1,000
 Deferred tax credits					  179
 Pre-petition Liabilities			       15,472
 Other Liabilities					2,346
						       -------
 Total liabilities 				       22,042

<PAGE>

Preferred Stock With Mandatory Redemption Provisions  	  137

Stockholders' Equity
 Preferred stock without mandatory redemption provisions
  Nonredeemable--5% to 6%, outstanding 5,784,825 shares	  145
  Redeemable--4.36% to 7.04%, outstanding 5,973,456
   shares						  149
 Common stock, $5 par value, authorized 800,000,000 shares;
  issued 321,314,760 shares				1,606
 Additional paid in capital				1,964
 Accumulated deficit				       (3,038)
 Accumulated other comprehensive loss			  (67)
						       -------
 Total stockholders' equity				  759
						       -------
 Commitments and Contingencies (Notes 1,2, and 5) 	   -
  						       -------
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	       22,938
						       -------
						       -------
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>2
<FILENAME>final6-5.txt
<DESCRIPTION>FORM 8-K
<TEXT>

			SECURITIES AND EXCHANGE COMMISSION

			      Washington, D.C.  20549




				    FORM 8-K

	        		CURRENT REPORT


    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



			 Date of Report: June 6, 2001



            Exact Name of
Commission  Registrant        State or other   IRS Employer
File        as specified      Jurisdiction of  Identification
Number      in its charter    Incorporation    Number
----------  --------------    ---------------  --------------

1-12609     PG&E Corporation  California       94-3234914

1-2348      Pacific Gas and   California       94-0742640
            Electric Company




Pacific Gas and Electric Company    PG&E Corporation
77 Beale Street, P.O. Box 770000    One Market, Spear Tower, Suite 2400
San Francisco, California  94177    San Francisco, California 94105

         (Address of principal executive offices) (Zip Code)


Pacific Gas and Electric Company         PG&E Corporation
(415) 973-7000                           (415) 267-7000

    (Registrant's telephone number, including area code)



<PAGE>

Item 5. Other Events.

Pacific Gas and Electric Company Bankruptcy

As previously disclosed, Pacific Gas and Electric Company (Utility),
the California utility subsidiary of PG&E Corporation, had filed a
complaint against the California Public Utilities Commission (CPUC) and
its Commissioners requesting that the U.S. Bankruptcy Court for the
Northern District of California issue an injunction to prohibit the
enforcement of the CPUC's March 27, 2001 decision adopting changes to
the transition period accounting mechanisms.  On June 1, 2001, the
Bankruptcy Court issued a decision denying the Utility's request and
granting the CPUC's motion to dismiss the complaint.  Although the Court
held that the Eleventh Amendment to the U.S. Constitution did not bar
the Utility's suit against the individual Commissioners, the Court
concluded that the Utility was not entitled to a stay or an injunction
to prevent implementation and enforcement of the regulatory accounting
order.  First, the Court held that, assuming the Bankruptcy Code
provision imposing an automatic stay on pre-petition proceedings might
ordinarily apply (an issue that the Court expressly declined to decide),
the Court determined that the Commissioners were acting pursuant to
their police and regulatory power when issuing the order.  Accordingly,
the Court found that the order was exempt from the automatic stay
provision pursuant to a statutory exemption for the commencement or
continuation of an action or proceeding by a governmental unit to
enforce such governmental unit's police and regulatory power.  Second,
the Court held that the Utility had not shown any actual or threatened
violation of federal law sufficient to warrant injunctive relief, nor
did the balance of equities favor an injunction.

The Utility believes that the retroactive accounting changes by which
the Utility's under-collected power purchases costs would be transformed
into under-collected transition costs unlawfully delays the termination
of the rate freeze.  The Utility has advised the CPUC that the rate
freeze ended at least as early as August 2000.  The Utility will
continue to pursue all legal challenges to this unlawful CPUC decision.
The Utility's application for rehearing of this decision is pending at
the CPUC.

As previously reported, at December 31, 2000, the Utility wrote off
certain regulatory balancing accounts related to transition costs and
under-collected power purchase costs, among other items, as the Utility
was unable to conclude that such assets were probable of recovery under
applicable accounting standards.  During the first quarter of 2001, the
Utility expensed power purchase costs, including estimated charges from
the ISO for its power purchases.  In the absence of regulatory balancing
accounts, the Utility's earnings will be subject to much greater
volatility than in the past, as fluctuating revenues and expenses will
be reflected in reported earnings rather than recorded or deferred in
balancing accounts which previously permitted revenues and expenses to
be spread out and matched over a longer period.  PG&E Corporation's
earnings also will be subject to increased volatility reflecting the
volatility of the Utility's earnings.


Item 9.  Other Events

The information in this Current Report on Form 8-K, including the
exhibit listed below, is being furnished, not filed, pursuant to
Regulation FD.  The information in this report and in such exhibit shall
not be incorporated by reference into any registration statement filed
pursuant to the Securities Act of 1933, as amended.  The information

<PAGE>

furnished in this Current Report on Form 8-K and in such exhibits
relates to the Utility.

Pursuant to Bankruptcy Court procedures, the Utility is required to
file monthly operating reports with the U.S. Bankruptcy Court for the
Northern District of California.  On June 5, 2001, the Utility filed an
unaudited income statement for the month ended April 30, 2001 and an
unaudited balance sheet dated April 30, 2001.  Both statements are
attached as Exhibit 99 to this report.


Exhibit 99 - Pacific Gas and Electric Company Income Statement for
the month ended April 30, 2001 and Balance Sheet dated April 30, 2001

<PAGE>


				SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by
the undersigned thereunto duly authorized.



                              PG&E CORPORATION

                              By:  CHRISTOPHER P. JOHNS
                                  -----------------------------
                                  CHRISTOPHER P. JOHNS
                                  Vice President and Controller



                              PACIFIC GAS AND ELECTRIC COMPANY

                              By:  DINYAR B. MISTRY
                                  -----------------------------
                                  DINYAR B. MISTRY
  				  Vice President and Controller





Dated:  June 6, 2001


</TEXT>
</DOCUMENT>
</SUBMISSION>
