Exhibit 99
PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF OCTOBER 31, 2002
(in millions, except share amounts)
October, 2002
ASSETS
Current Assets
	Cash and cash equivalents		$               3,990
	Accounts receivable:
		Customers (net of allowance for doubtful accounts of $56 million)	1,795
		Related parties	33
		Regulatory balancing accounts	195
	Inventories:
		Gas stored underground and fuel oil	192
		Materials and supplies	120
	Prepaid expenses and other		81
	Total current assets		6,406
Property, Plant, and Equipment
	Electric		18,816
	Gas		8,050
	Construction work in progress		394
	Total property, plant, and equipment (at original cost)		27,260
	Accumulated depreciation and decommissioning		(13,372)
Net property, plant, and equipment			13,888
Other Noncurrent Assets
	Regulatory assets		2,008
	Nuclear decommissioning trust funds		1,276
	Other		1,809
	Total noncurrent assets		5,093
TOTAL ASSETS			$             25,387
LIABILITIES AND EQUITY
Liabilities
	Accounts payable
		Trade creditors	$                  429
		Related parties	90
		Regulatory Balancing Accounts	477
		Other	214
	Accrued taxes		710
	Rate reduction bonds		1,473
	QUID's		-
	Deferred income taxes		1,191
	Deferred tax credits		145
	Pre-petition secured debt		3,108
	Pre-petition liabilities		3,795
	Pre-petition financing debt		5,663
	Other liabilities		3,368
	Total liabilities		20,663
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
	Reinvested earnings (Accumulated deficit)		723
	Total stockholders' equity		4,587
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			$             25,387

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF OCTOBER 31, 2002
Notes
1		These unaudited financial statements are prepared for the U.S. Trustee and differ from the requirements of generally accepted accounting principles in that they exclude certain financial statements (statements of cash flows, stockholders equity, and other comprehensive income), relevant footnotes and certain reclassifications.
2		These unaudited financial statements were prepared using certain assumptions and estimates.  These assumptions and estimates are subject to revision.  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.
3		Cash and cash equivalents have been reduced for uncleared checks.  On the balance sheet included with the Utility's Annual Report, Form 10-K and 10-Q, uncleared checks are treated as an accounts payable liability.

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE INCOME STATEMENT
FOR THE MONTH ENDED OCTOBER 31, 2002
AND THE NINETEEN MONTHS ENDED OCTOBER 31, 2002
(in millions)
			Case to date
	Month		nineteen months
	ended		ended
	October 31, 2002		October 31, 2002
OPERATING REVENUES	$                       969		$                   16,985
OPERATING EXPENSES:
Cost of Electric Energy	187		1,555
Cost of Gas	59		1,641
Operating and Maintenance	258		4,477
Depreciation, Decommissioning, and Amortization	102		1,641
Total Operating Expenses	606		9,314
OPERATING INCOME (LOSS)	363		7,671
Interest Income (Expense)	(69)		(1,437)
Professional Fees	(4)		(48)
Other Income and (Expense)	0		(13)
PRE-TAX INCOME (LOSS)	290		6,173
Income Taxes	118		2,399
EARNINGS (LOSS)	172		3,774
Preferred Dividend Requirement	2		40
EARNINGS (LOSS) AVAILABLE FOR (ALLOCATED TO) COMMON STOCK	$                       170		$                     3,734

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PACIFIC GAS AND ELECTRIC COMPANY
U.S.  TRUSTEE INCOME STATEMENT
FOR THE MONTH ENDED OCTOBER 31, 2002
AND THE NINETEEN MONTHS ENDED OCTOBER 31, 2002
Notes
1		These unaudited financial statements are prepared for the U.S. Trustee and differ from the requirements of generally accepted accounting principles in that they exclude certain financial statements (statements of cash flows, stockholders equity, and other comprehensive income), relevant footnotes and certain reclassifications.
2		These unaudited financial statements were prepared using certain assumptions and estimates.  These assumptions and estimates are subject to revision.  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.
		The results for the month of October 2002 are not indicative of future earnings.  Future earnings could differ materially.
3		These unaudited financial statements were prepared using certain assumptions and estimates, including the estimated amount payable to the California Department of Water Resources (DWR).  The estimated amount recorded is subject to revision and actual results could differ materially.  Revenues collected on behalf of the DWR and the related costs are not reflected in these unaudited financial statements as Pacific Gas and Electric Company is a collection agent for the DWR.
4		Case to date results reflect the entire nineteen month period ended October 31, 2002.  The bankruptcy petition date is April 6, 2001.