<SUBMISSION>
<ACCESSION-NUMBER>0001004980-01-500035
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20010706
<ITEMS>5
<ITEMS>7
<FILING-DATE>20010709
<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>1676301
</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>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>PG&E PARENT CO INC
<DATE-CHANGED>19951214
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>1
<FILENAME>exhibit99.txt
<DESCRIPTION>INCOME/BALANCE
<TEXT>

		Pacific Gas and Electric Company
		   U.S. Trustee Balance Sheet
		      As of April 30, 2001
		(in millions, except share amounts)


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						   -
 								      --------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			      $22,938
								      -------
								      -------
<PAGE>

			Pacific Gas and Electric Company
			  U.S. Trustee Balance Sheet
			     As of April 30, 2001


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. Certain reclassifications made for GAAP presentation purposes may not
   be included, such as reclassifications of regulatory assets with credit
   balances which would normally be moved to the liability section.

<PAGE>

			Pacific Gas and Electric Company
			  U.S. Trustee Income Statement
			For the month ended April 30, 2001
			         (in millions)




	OPERATING REVENUES (see note 2)			$678

	OPERATING EXPENSES:
	Cost of Electric Energy				 217
	Cost of Gas					 190
	Operating and Maintenance			 204
	Depreciation, Decommissioning, and Amortization	  73
							------
	Total Operating Expenses			 684
							------

	OPERATING INCOME (LOSS)	 			  (6)
							------

	Interest Income (Expense)			 (67)
	Other Income and (Expense)			  (4)
							------

	PRE-TAX INCOME (LOSS)				 (77)
							------

	Income Taxes					 (33)
							------

	EARNINGS (LOSS)				        $(44)
							------
							------

<PAGE>

			Pacific Gas and Electric Company
			 U.S. Trustee Income Statement
			For the month ended April 30, 2001


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.  On June 13, 2001, the FERC
   denied requests for a rehearing of its April 6, 2001 order.  In addition,
   the DWR has recently requested that the Utility pay the DWR the amount
   collected from customers for the DWR's out of market purchases made on
   behalf of the Utility's customers since January 17, 2001 pursuant to
   Assembly Bill 1X.  The Utility believes it cannot be responsible for
   paying the ISO and for collecting on behalf of the DWR for the same
   kilowatt hours.

4. Items impacting comparability:			$millions
        Undercollected purchased power costs		    76
        Interest expense				    16
							-------
			   				   $92
							-------
							-------

<PAGE>

			  Pacific Gas and Electric Company
			     U.S. Trustee Balance Sheet
				As of May 31, 2001
			(in millions, except share amounts)


ASSETS
Current Assets
 Cash and cash equivalents					  $        21
 Short-term investments							3,045
 Accounts receivable:
  Customers (net of allowance for doubtful accounts of $54 million)	  841
  Related parties							   36
  Regulatory balancing accounts						 (598)
 Inventories:
  Gas stored underground and fuel oil					  220
  Materials and supplies						  131
 Prepaid expenses and other						   82
								    ----------
 Total current assets							3,778

Property, Plant, and Equipment
 Electric							       16,684
 Gas									7,504
 Construction work in progress						  264
								    ----------
 Total property, plant, and equipment (at original cost)	       24,452
 Accumulated depreciation and decommissioning			      (11,408)
								    ----------
Net property, plant, and equipment				       13,044

Other Noncurrent Assets
 Regulatory assets							2,079
 Nuclear decommissioning trust funds					1,330
 Other									1,756
								    ----------
 Total noncurrent assets						5,165
								    ----------
TOTAL ASSETS	 						      $21,987
								    ----------
							 	    ----------

LIABILITIES AND EQUITY
Liabilities
 Accounts payable
  Trade creditors	 					$	  216
  Related parties	 						   82
  Other	 								  206
 Accrued taxes								 (331)
 Risk management liabilities - current				   	   10
 Rate reduction bonds							1,869
 Deferred income taxes							  998
 Deferred tax credits							  176
 Pre-petition secured debt						3,469
 Pre-petition liabilities						5,700
 Pre-petition financing debt						5,715
 Other liabilities							2,767
								    ----------
 Total liabilities 						       20,877

<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						       (2,834)
 Accumulated other comprehensive loss					  (57)
								    ----------
 Total stockholders' equity						  973
								    ----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	 		      $21,987
								    ----------
								    ----------

<PAGE>

			Pacific Gas and Electric Company
			  U.S. Trustee Balance Sheet
			      As of May 31, 2001

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. Certain reclassifications made for GAAP presentation purposes may not
   be included such as reclassifications of regulatory assets with credit
   balances which would normally be moved to the liability section.

3. Pre-petition liabilities declined in May due to court authorized payments
   and reclassifications.

<PAGE>

			Pacific Gas and Electric Company
			 U.S. Trustee Income Statement
			For the month ended May 31, 2001
		   and the period April 6 through May 31, 2001
				(in millions)


		 					 May 	  Case
							2001 	 to Date

	OPERATING REVENUES	 			$788 	 $1,338

	OPERATING EXPENSES:
	Cost of Electric Energy	 			 (89)	     39
	Cost of Gas					 187 	    370
	Operating and Maintenance	 		 209 	    362
	Depreciation, Decommissioning, and Amortization   75 	    102
							-----------------
	Total Operating Expenses	 		 382 	    873
							-----------------

	OPERATING INCOME (LOSS)	 			 406 	    465
							-----------------

	Interest Income (Expense)			 (68)	   (127)
	Other Income and (Expense)	 		  (4)	     (5)
							-----------------

	PRE-TAX INCOME (LOSS)				  334 	    333
							-----------------

	Income Taxes	 				  130 	    143
							-----------------

	EARNINGS (LOSS)					  $204     $190
							-----------------
							-----------------

<PAGE>

			Pacific Gas and Electric Company
			  U.S. Trustee Income Statement
			For the month ended May 31, 2001
		    and the period April 6 through May 31, 2001


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 and May 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.  On June 13, 2001, the FERC
   denied requests for a rehearing of its April 6, 2001 order.  In addition,
   the DWR has recently requested that the Utility pay the DWR the amount
   collected from customers for the DWR's out of market purchases made on
   behalf of the Utility's customers since January 17, 2001 pursuant to
   Assembly Bill 1X.  The Utility believes it cannot be responsible for
   paying the ISO and for collecting on behalf of the DWR for the same
   kilowatt hours.

4. May activity reflects true-up of prior months' power purchase
   invoices and accruals.

5. Items impacting comparability:			$millions
        Purchased power cost true-ups		         (175)
        Interest expense				   15
							------
					 		$(160)
							------
							------












</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>2
<FILENAME>final76b.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: July 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)




Item 5. Other Events.


On July 3, 2001, Pacific Gas and Electric Company (Utility), the
California utility subsidiary of PG&E Corporation, filed a motion with the
U.S. Bankruptcy Court for the Northern District of California requesting
that the court extend until December 6, 2001, the period during which the
Utility has the exclusive right to file a plan of reorganization in its
Chapter 11 case.  Under the current timeline, the exclusivity period is
set to end on August 6, 2001, 120 days after the Utility's April 6, 2001
Chapter 11 filing.  The Utility  filed for an extension of the exclusivity
period in the event that additional   time is needed to continue
discussions with creditors and to develop and file a comprehensive and
feasible plan of reorganization.

Also, on July 5, 2001, the Utility filed its monthly operating
reports for the months ended April 30 and May 31, 2001 with the Bankruptcy
Court.  Each monthly operating report includes an unaudited income
statement for the relevant month and an unaudited balance sheet dated as
of the end of the relevant month.  These unaudited financial statements
are attached as Exhibit 99 to this report.  Each monthly operating report
also includes a statement of receipts and disbursements, as well as other
information.  The preliminary financial statements were prepared using
certain assumptions and estimates that are subject to revision.  Any
adjustments for these estimates (based upon changes in facts and
circumstances, further analysis, and other factors) will be reflected in
the financial statements in the period during which such adjustments are
made.  These adjustments could have a material impact on reported results
in the future.

On June 21, 2001, the Utility received a request from the California
Department of Water Resources (DWR) that the Utility pay the DWR the
amounts required by current California Public Utilities Commission (CPUC)
orders for the DWR's out-of-market purchases made on behalf of the
Utility's customers between January 17, 2001 and June 2, 2001, pursuant to
Assembly Bill 1X (AB 1X).  The Utility has previously received invoices
from the California Independent System Operator (ISO) for what the Utility
believes may be the same energy.  For the period January 1 through April
6, 2001, the Utility recorded these energy costs based upon ISO-invoiced
amounts and estimated amounts accrued before receipt of actual ISO
invoices.  In light of the Federal Energy Regulatory Commission's April 6,
2001 order which reaffirmed its February 14, 2001 order barring the ISO
from charging the Utility for certain ISO power purchases, the Utility has
not recorded any such estimated ISO charges after April 6, 2001, except
for the ISO's grid management charge.  (The FERC orders require the ISO to
schedule third party transactions only with creditworthy buyers or
creditworthy counterparties.  The Utility has failed to meet the ISO's
creditworthiness standards for scheduling third party transactions since
early January 2001 when the Utility's credit ratings were downgraded to
below investment grade.  On June 13, 2001, the FERC denied the ISO's
request for rehearing of its April 6, 2001 order.)

The amounts requested by the DWR in its June 21, 2001 invoices are
based on the amounts that the Utility is authorized to collect from
customers pursuant to AB 1X and current CPUC orders, which are
significantly less than the ISO invoices which are based on market prices.
However, the CPUC orders establishing the amount the Utility is required
to collect and pay the DWR are interim and subject to revision when the
CPUC allocates the DWR's overall revenue requirements under AB 1X.


On June 26, 2001, the Bankruptcy Court issued an injunction
prohibiting the ISO from violating the FERC orders referred to above.  The
Bankruptcy Court noted that the FERC orders permit the ISO to schedule
transactions that involve  either a creditworthy buyer or a creditworthy
counterparty, but recognized that there are unresolved issues regarding
how to ensure these creditworthiness requirements for real-time
transactions when the ISO has ordered power sellers to respond to the
ISO's emergency dispatch orders.  The Utility believes that its only
responsibility for third party power delivered to its customers is to pay
the DWR the amount collected from customers pursuant to AB 1X, whether the
third party power is purchased by a creditworthy buyer or whether the
purchase is facilitated by a creditworthy counterparty.

A determination that the DWR is the creditworthy buyer or
counterparty for the ISO's third party purchases in accordance with the
FERC tariffs could result in a reversal of the prior recorded expenses and
could result in a material increase to earnings depending on the amount
ultimately authorized by the CPUC to be collected by the Utility from
ratepayers on the DWR's behalf.


Item 7. Financial Statements, Pro Forma, Financial Information, and
Exhibits


Exhibit 99 - Pacific Gas and Electric Company Income Statements for
the months ended April 30 and May 31, 2001 and Balance Sheets dated April
30 and May 31, 2001, respectively





				        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: LINDA Y.H. CHENG
                                  -----------------------------
                                  LINDA Y.H. CHENG
                                  Corporate Secretary



                              PACIFIC GAS AND ELECTRIC COMPANY

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





Dated:  July 6, 2001


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