<SUBMISSION>
<ACCESSION-NUMBER>0001004980-03-000062
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20030404
<FILING-DATE>20030407
<REPORTING-OWNER>
<COMPANY-DATA>
<CONFORMED-NAME>IRIBE P CHRISMAN
<CIK>0001188480
<RELATIONSHIP>OFFICER
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>4
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>7600 WISCONSIN AVENUE 2ND FL
<CITY>BETHESDA
<STATE>MD
<ZIP>20814-6161
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>7600 WISCONSIN AVENUE 2ND FL
<CITY>BETHESDA
<STATE>MD
<ZIP>20814-6161
</MAIL-ADDRESS>
</REPORTING-OWNER>
<SUBJECT-COMPANY>
<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>4
<ACT>34
<FILE-NUMBER>001-12609
<FILM-NUMBER>03641511
</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>
</SUBJECT-COMPANY>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4iribe040403.htm
<DESCRIPTION>CHRIS IRIBE'S FORM 4 DATED 04/04/03
<TEXT>
<html>
<head>
<title>Form 4</title>
</head>
<body bgcolor="white" link="#807331" vlink="red">
<div>
<table border="0" cellspacing="0" cellpadding="0" width="99%">
<tr height="64">
<td height="64"></td>
<td colspan="2" height="64">
<p><b><font size="5" face="Arial">FORM 4</font></b></p>
</td>
<td height="64">
<p align="center"><font size="5" face="Times New Roman">&nbsp;</font></p>
</td>
<td rowspan="4">
<p align="center"><b><font size="2" face="Times New Roman">UNITED STATES SECURITIES AND EXCHANGE COMMISSION<br />
 Washington, DC 20549<br />
 </font></b></p>

<p align="center"><b><font size="3" face="Times New Roman">STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP<br />
 </font></b></p>

<p align="center"><font size="1" face="Times New Roman">Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility<br />
 Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940</font></p>
</td>
<td height="64" valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td rowspan="4">
<p><font size="1" face="Arial"><br />
 &nbsp;&nbsp;&nbsp;&nbsp;OMB APPROVAL<br />
 OMB Number:&nbsp;&nbsp;3235-0287<br />
 Expires:&nbsp;&nbsp;January 31, 2005<br />
 Estimated average burden<br />
 hours per response.........0.5</font></p>
</td>
</tr>

<tr height="43">
<td colspan="2" height="43" valign="top">
<p align="right"><font size="2" face="Times New Roman">[&nbsp;&nbsp;&nbsp;]&nbsp;</font></p>
</td>
<td height="43">
<p><font size="2" face="Times New Roman">Check this box if no longer<br />
 subject to Section 16. Form 4 or<br />
 Form 5 obligations may continue.<br />
 <i>See</i> Instruction 1(b).</font></p>
</td>
<td height="43">
<p><b><font size="1" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td rowspan="3" valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
</tr>

<tr height="22">
<td colspan="4" height="22" valign="top">
<p><font size="2" face="Arial">&nbsp;</font></p>
</td>
</tr>

<tr height="22">
<td colspan="4" height="22" valign="bottom">
<p><font size="1" face="Times New Roman">(Print or Type Responses)</font></p>
</td>
</tr>
</table>

<p><font size="1" face="Times New Roman"></font></p>

<table border="1" cellspacing="0" cellpadding="0" width="98%">
<tr>
<td rowspan="4" valign="top">
<p><font size="1" face="Times New Roman">1.&nbsp;Name and Address of Reporting
Person*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />
<br />
 <sup><br />
<br />
<br />
 </sup></font></p>

<p><b><sup><font size="1" color="blue" face="Times New
Roman">Iribe&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chrisman&nbsp;</font></sup></b></p>
</td>
<td colspan="8" rowspan="4" valign="top">
<p><font size="1" face="Times New Roman">2.&nbsp;Issuer Name <b>and</b> Ticker or Trading Symbol<br />
<br />
 </font></p>

<p align="center"><b><font size="1" color="blue" face="Times New Roman">PG&amp;E Corporation (PCG)&nbsp;</font></b></p>
</td>
<td colspan="7" valign="top">
<p><font size="1" face="Times New Roman">6.&nbsp;Relationship of Reporting Person(s) to Issuer<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Check all
applicable)</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">&nbsp;&nbsp;&nbsp;</font></b></p>
</td>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">Director</font></p>
</td>
<td valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td colspan="3" valign="top">
<p><font size="1" face="Times New Roman">10% Owner</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">&nbsp;&nbsp;X&nbsp;</font></b></p>
</td>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">Officer (give<br />
 title below)</font></p>
</td>
<td valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td colspan="3" valign="top">
<p><font size="1" face="Times New Roman">Other (specify<br />
 below)</font></p>
</td>
</tr>

<tr>
<td colspan="7" valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">Senior Vice President&nbsp;</font></b></p>
</td>
</tr>

<tr>
<td rowspan="2" valign="top">
<p align="center"><font size="1" face="Times New
Roman">(Last)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(First)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Middle)<br />

<br />
 </font></p>

<p align="center"><b><font size="2" color="blue" face="Times New Roman">&nbsp;</font></b> <b><font size="1" color="blue">7600
Wisconsin Avenue, 2nd Floor</font></b></p>
</td>
<td colspan="3" rowspan="3" valign="top">
<p><font size="1" face="Times New Roman">3.&nbsp;I.R.S. Identification<br />
 &nbsp;&nbsp;&nbsp;Number of Reporting<br />
 &nbsp;&nbsp;&nbsp;Person, if an entity<br />
 &nbsp;&nbsp;&nbsp;(Voluntary)</font></p>

<p align="center"><b><font size="2" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td colspan="5" valign="top">
<p><font size="1" face="Times New Roman">4.&nbsp;Statement for<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Month/Day/Year</font></p>

<p align="center"><b><font size="1" color="blue" face="Times New Roman">04-04-2003&nbsp;</font></b></p>
</td>
<td colspan="7" valign="top">
<p><font size="1" face="Times New Roman"><br />
<br />
 7.&nbsp;Individual or Joint/Group Filing (Check Applicable Line)</font></p>
</td>
</tr>

<tr height="24">
<td colspan="5" rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">5.&nbsp;If Amendment,<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Date of Original<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)</font></p>

<p align="center"><b><font size="2" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td height="24" valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">&nbsp;&nbsp;X&nbsp;</font></b></p>
</td>
<td colspan="6" height="24" valign="top">
<p><font size="1" face="Times New Roman">Form filed by One Reporting Person</font></p>
</td>
</tr>

<tr height="30">
<td height="30" valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">(Street)<br />
 </font></b></p>

<p><b><font size="1" color="blue" face="Times New Roman">Bethesda&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
MD&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20814-6161&nbsp;</font></b></p>
</td>
<td height="30" valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">&nbsp;&nbsp;&nbsp;</font></b></p>
</td>
<td colspan="6" height="30" valign="top">
<p><font size="1" face="Times New Roman">Form filed by More than One Reporting Person</font></p>
</td>
</tr>

<tr>
<td>
<p align="center"><font size="1" face="Times New
Roman">(City)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(State)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip)</font></p>
</td>
<td colspan="15">
<p align="center"><b><font size="1" face="Times New Roman">Table I&nbsp;</font></b> <b><font size="1" face=
"Symbol">&frac34;</font></b><b><font size="1">&nbsp;Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned</font></b></p>
</td>
</tr>

<tr>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">1.&nbsp;Title of Security<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">2.&nbsp;Trans-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;action<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Date<br />
<br />
<br />
<br />
 &nbsp;&nbsp;(Month/<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Day/<br />
 &nbsp;&nbsp;&nbsp;Year)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">2A.<br />
 Deemed<br />
 Execution<br />
 Date, if<br />
 any<br />
<br />
 &nbsp;&nbsp;(Month/<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Day/<br />
 &nbsp;&nbsp;&nbsp;Year)</font></p>
</td>
<td colspan="3" valign="top">
<p><font size="1" face="Times New Roman">3.&nbsp;Trans-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;action<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Code<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr.8)</font></p>
</td>
<td colspan="5" valign="top">
<p><font size="1" face="Times New Roman">4.&nbsp;Securities Acquired (A)<br />
 &nbsp;&nbsp;&nbsp;&nbsp;or Disposed of (D)<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3, 4 and 5)</font></p>
</td>
<td colspan="3" rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">5.&nbsp;Amount of<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Securities<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Beneficially<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Owned<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Following<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Reported<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Transaction(s)<br />
<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3 and 4)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">6.&nbsp;Owner-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;ship<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Form:<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Direct<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(D) or<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Indirect<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(I)<br />
<br />
 &nbsp;&nbsp;(Instr. 4)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">7.&nbsp;Nature of<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Indirect<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Owner-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;ship<br />
<br />
<br />
<br />
 &nbsp;&nbsp;&nbsp;</font> <font size="1">(Instr. 4)</font></p>
</td>
</tr>

<tr height="32">
<td colspan="2" height="32" valign="bottom">
<p align="center"><font size="1" face="Times New Roman">Code</font></p>
</td>
<td height="32" valign="bottom">
<p align="center"><font size="1" face="Times New Roman">V</font></p>
</td>
<td height="32" valign="bottom">
<p align="center"><font size="1" face="Times New Roman">Amount</font></p>
</td>
<td height="32" valign="bottom">
<p align="center"><font size="1" face="Times New Roman">(A)<br />
 or<br />
 (D)</font></p>
</td>
<td colspan="3" height="32" valign="bottom">
<p align="center"><font size="1" face="Times New Roman">Price</font></p>
</td>
</tr>

<tr>
<td>
<h6><b><font size="1" color="blue" face="Times New Roman">Common Stock</font></b></h6>
</td>
<td colspan="10">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">(No reportable transactions)</font></b></p>
</td>
<td colspan="3">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">19,563.6462</font></b><b><sup><font size="1" color="blue"
face="Times">(1)</font></sup></b></p>
</td>
<td valign="top">
<h6><b><font size="1" color="blue" face="Times New Roman"></font></b></h6>

<h6><b><font size="1" color="blue" face="Times New Roman">I</font></b></h6>
</td>
<td valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">Held by Trustee of PG&amp;E Corp. Retirement Svgs. Plan</font></b></p>
</td>
</tr>

<tr>
<td>
<p align="center"><b><font size="1" color="blue" face="Times New Roman">Common Stock</font></b></p>
</td>
<td colspan="10" valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">(No reportable transactions)</font></b></p>
</td>
<td colspan="3" valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">42,278.594</font></b><b><sup><font size="1" color="blue"
face="Times">(2)</font></sup></b></p>
</td>
<td valign="top">
<p align="center"><b><font size="1" color="blue" face="Times New Roman">D</font></b></p>
</td>
<td valign="top"></td>
</tr>

<tr>
<td></td>
<td valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td colspan="2" valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td>
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td colspan="3" valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td colspan="3" valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td valign="top">
<p><b><font size="1" color="blue" face="Times New Roman">&nbsp;</font></b></p>
</td>
</tr>

<tr>
<td colspan="16">
<p>Represents the approximate number of shares of PG&amp;E Corporation common stock held for the reporting person in the PG&amp;E
Corporation Stock Fund of the PG&amp;E Corporation Retirement Savings Fund Plan.&nbsp; That fund holds units consisting of PG&amp;E
Corporation common stock and a small short-term investments component.&nbsp; The number of shares is computed by dividing the value
of the units by the daily closing price.&nbsp; Dividends are automatically invested in additional units at the election of the
participant.&nbsp; Balance has been trued up to conform to Plan balance at date of transaction.</p>

<p><font size="1" color="blue">Includes 9,978.594 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded
pursuant to the PG&amp;E Corporation Executive Stock Ownership Program.&nbsp; SISOPs vest three years after the date of grant
subject to accelerated vesting upon certain events.&nbsp; Unvested SISOPs are subject to forfeiture if certain stock ownership
targets are not met.&nbsp; Vested SISOPs are automatically payable in an equal number of shares following termination of
employment.</font></p>
</td>
</tr>
</table>

<p><font size="1" face="Times New Roman"></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="99%">
<tr>
<td colspan="5">
<p><font size="1" face="Times New Roman">Reminder: Report on a separate line for each class of securities beneficially owned
directly or indirectly.</font></p>
</td>
</tr>

<tr>
<td valign="top">
<pre>
<font size="1" face="Times New Roman">*</font>
</pre>
</td>
<td colspan="4" valign="top">
<p><font size="1" face="Times New Roman">If the form is filed by more than one reporting person, <i>see</i> Instruction
4(b)(v).</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<pre>
<font size="1" face="Times New
Roman">                                                                                                               </font>
</pre>
</td>
<td valign="top">
<p><b><font size="1" face="Arial">Persons who respond to the collection of information contained<br />
 in this form are not required to respond unless the form displays<br />
 a currently valid OMB control number.</font></b></p>
</td>
<td valign="top">
<p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p align="right"><font size="1" face="Times New Roman">(Over)<br />
 SEC 1474 (9-02)</font></p>
</td>
</tr>
</table>

<font size="1" face="Times New Roman"><br clear="all" />
</font>

<p><font size="1" face="Times New Roman"></font></p>

<p><font size="1" face="Times New Roman"></font></p>

<table border="1" cellspacing="0" cellpadding="0" width="99%">
<tr>
<td>
<p align="center"><b><font size="1" face="Times New Roman">FORM 4 (continued)</font></b></p>
</td>
<td colspan="15">
<p align="center"><b><font size="1" face="Times New Roman">Table II&nbsp;</font></b> <b><font size="1" face=
"Symbol">&frac34;</font></b><b><font size="1">&nbsp;Derivative Securities Acquired, Disposed of, or Beneficially Owned<br />
 (<i>e.g.</i>, puts, calls, warrants, options, convertible securities)</font></b></p>
</td>
</tr>

<tr>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">1.&nbsp;Title of Derivative<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Security<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">2.&nbsp;Conver-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;sion or<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Exercise<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Price of<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Deri-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;vative<br />
 &nbsp;&nbsp;&nbsp;Security</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">3.&nbsp;Trans-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;action<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Date</font></p>

<p><font size="1" face="Times New Roman">(Month/<br />
 &nbsp;Day/<br />
 Year)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">3A.<br />
 Deemed<br />
 Execution<br />
 Date, if<br />
 any</font></p>

<p><font size="1" face="Times New Roman">&nbsp;&nbsp;(Month/<br />
 &nbsp;&nbsp;&nbsp;Day/<br />
 &nbsp;&nbsp;Year)</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">4.&nbsp;Trans-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;action<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Code<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr.8)</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">5.&nbsp;Number of Deriv-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;ative Securities Ac-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;quired (A) or Dis-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;posed of (D)<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3, 4 and 5)</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">6.&nbsp;Date Exer-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;cisable and<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Expiration<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Date<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Year)</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">7.&nbsp;Title and Amount of<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Underlying Securities<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr. 3 and 4)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">8.&nbsp;Price<br />
 &nbsp;&nbsp;&nbsp;&nbsp;of<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Deriv-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;ative<br />
 &nbsp;&nbsp;&nbsp;&nbsp;Secur-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;ity<br />
 &nbsp;&nbsp;&nbsp;&nbsp;(Instr.<br />
 &nbsp;&nbsp;&nbsp;&nbsp;5)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">9.&nbsp;Number<br />
 &nbsp;&nbsp;&nbsp;of deriv-<br />
 &nbsp;&nbsp;&nbsp;ative<br />
 &nbsp;&nbsp;&nbsp;Secur-<br />
 &nbsp;&nbsp;&nbsp;ities<br />
 &nbsp;&nbsp;&nbsp;Bene-<br />
 &nbsp;&nbsp;&nbsp;ficially<br />
 &nbsp;&nbsp;&nbsp;Owned<br />
 &nbsp;&nbsp;&nbsp;Follow-<br />
 &nbsp;&nbsp;&nbsp;ing<br />
 &nbsp;&nbsp;&nbsp;Reported<br />
 &nbsp;&nbsp;&nbsp;Trans-<br />
 &nbsp;&nbsp;&nbsp;action(s)<br />
 &nbsp;&nbsp;&nbsp;(Instr. 4)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">10.&nbsp;Owner-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ship<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deri-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vative<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security:<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Direct<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) or<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)</font></p>
</td>
<td rowspan="2" valign="top">
<p><font size="1" face="Times New Roman">11.&nbsp;Nature<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefi-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cial<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Owner-<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ship<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Instr.</font> <font size="1">4)</font></p>
</td>
</tr>

<tr>
<td valign="bottom">
<p align="center"><font size="1" face="Times New Roman">Code</font></p>
</td>
<td valign="bottom">
<p align="center"><font size="1" face="Times New Roman">V</font></p>
</td>
<td valign="bottom">
<p align="center"><font size="1" face="Times New Roman">(A)</font></p>
</td>
<td valign="bottom">
<p align="center"><font size="1" face="Times New Roman">(D)</font></p>
</td>
<td valign="bottom">
<p><font size="1" face="Times New Roman">Date<br />
 Exer-<br />
 cisable</font></p>
</td>
<td valign="bottom">
<p><font size="1" face="Times New Roman">Expira-<br />
 tion<br />
 Date</font></p>
</td>
<td valign="bottom">
<p align="center"><font size="1" face="Times New Roman">Title</font></p>
</td>
<td valign="bottom">
<p><font size="1" face="Times New Roman">Amount or<br />
 Number of<br />
 Shares</font></p>
</td>
</tr>

<tr>
<td>
<p><b><font size="1" color="blue" face="Times New Roman">Phantom Stock</font></b></p>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times New Roman">1 for 1</font></b></p>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times New Roman">04-04-03</font></b></p>
</td>
<td></td>
<td>
<h6><b><font size="1" color="blue" face="Times New Roman">A</font></b></h6>
</td>
<td>
<h6></h6>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times">323.741007<sup>(1)</sup></font></b></p>
</td>
<td></td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times New Roman">(2)</font></b></p>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times New Roman">(2)</font></b></p>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times New Roman">Common Stock</font></b></p>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times">323.741007</font></b></p>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times New Roman">$13.90</font></b></p>
</td>
<td>
<p align="center"><b><font size="1" color="blue" face="Times">323.741007</font></b></p>
</td>
<td>
<h6><b><font size="1" color="blue" face="Times New Roman">D</font></b></h6>
</td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td>
<h6></h6>
</td>
<td>
<h6></h6>
</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>
<h6></h6>
</td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>

<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
</table>

<p><font size="1" face="Times New Roman"></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="99%">
<tr>
<td>
<pre>
<font size="1" face="Times New Roman">Explanation of Responses:</font>
</pre>
</td>
</tr>

<tr height="109">
<td height="109" valign="top">
<p><font size="1">Shares of phantom stock acquired upon deferral of compensation under the PG&amp;E Corporation Supplemental
Retirement Savings Plan (SRSP).&nbsp;</font></p>

<p><font size="1" face="Times New Roman">(2)&nbsp;&nbsp; Shares of phantom stock are payable in cash following termination of
reporting person&rsquo;s employment and are subject to earlier distribution or transfer in accordance with the
SRSP.&nbsp;</font></p>
</td>
</tr>
</table>

<p><font size="3" face="Times New Roman"></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="99%">
<tr>
<td valign="top">
<p align="right"><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">04-07-03&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td height="1" bgcolor="black"></td>
<td height="1"></td>
<td height="1" bgcolor="black"></td>
</tr>

<tr>
<td valign="top">
<p><font size="1" face="Times New Roman">**</font></p>
</td>
<td colspan="2">
<p><font size="1" face="Times New Roman">Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">**Signature of Reporting Person</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">Date</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td colspan="2">
<p><i><font size="1" face="Times New Roman">See</font></i><font size="1">18 U.S.C. 1001 and 15 U.S.C. 78ff(a).</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
</tr>
</table>

<p><font size="1" face="Times New Roman"></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="99%">
<tr>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">Note:&nbsp;File three copies of this Form, one of which must be manually signed. If space
is insufficient,<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;s<i>ee</i> Instruction 6 for procedure.</font></p>
</td>
<td>
<p><font size="1" face="Times New Roman">Eric Montizambert, Attorney-in-Fact</font></p>

<p><font size="1" face="Times New Roman">For P. Chrisman Iribe&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td colspan="2">
<p align="center"><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="1" face="Times New Roman">(Signed Power of Attorney on file with SEC)&nbsp;</font></p>
</td>
<td colspan="2">
<p align="center"><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p align="center"><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">Potential persons who are to respond to the collection of information contained in this
form are not<br />
 required to respond unless the form displays a currently valid OMB Number.</font></p>
</td>
<td></td>
<td colspan="2">
<p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td></td>
<td colspan="2">
<p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="20">
<td colspan="2" height="20" valign="top">
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="20">
<p><font size="1" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" height="20">
<p><font size="1" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="20">
<p align="right"><font size="1" face="Times New Roman">Page 2</font></p>
</td>
</tr>
</table>

<p><font size="3" face="Times New Roman"></font></p>
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