EXHIBIT 12.2
                     PACIFIC GAS AND ELECTRIC COMPANY AND SUBSIDIARIES               
 COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS               
 

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                           Three Months                                      Year ended December 31,
                                  Ended  ----------------------------------------------------------
(dollars in thousands)   March 31, 1994        1993        1992        1991        1990        1989
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Earnings:                
  Net income                   $236,952  $1,065,495  $1,170,581  $1,026,392  $  987,170  $  900,628
  Company's equity in                                                                       
    undistributed loss               
    (earnings) of 
    unconsolidated 
    affiliates                        -           -      (3,349)     26,671      (2,799)     (4,352)
  Income tax expense            208,967     901,890     895,126     851,534     881,647     669,885
  Net fixed charges             183,041     730,708     758,333     760,957     788,889     821,982
                               --------  ----------  ----------  ----------  ----------  ----------
      Total Earnings           $628,960  $2,698,093  $2,820,691  $2,665,554  $2,654,907  $2,388,143
                               ========  ==========  ==========  ==========  ==========  ==========
Fixed Charges:            
  Interest on long-
    term debt                  $149,827  $  642,408  $  696,765  $  682,811  $  677,476  $  712,607
  Interest on short-
    term debt                    33,075      87,819      61,182      77,760     110,982     108,869
  Interest on capital 
    leases                          434       1,737       1,737       1,737       1,737       1,737
                               --------  ----------  ----------  ----------  ----------  ----------
    Total Fixed Charges         183,336     731,964     759,684     762,308     790,195     823,213
                               --------  ----------  ----------  ----------  ----------  ----------
Preferred Stock Dividends:            
  Tax deductible dividends        1,168       4,814       5,136       5,136       5,136       5,136
  Pretax earnings required 
    to cover non-tax 
    deductible preferred 
    stock dividend 
    requirements                 25,010     108,937     130,147     154,404     175,881     167,440
                               --------  ----------  ----------  ----------  ----------  ----------
    Total Preferred  
      Stock Dividends            26,178     113,751     135,283     159,540     181,017     172,576
                               --------  ----------  ----------  ----------  ----------  ---------- 
  Total Combined Fixed
    Charges and
    Preferred Stock  
    Dividends                  $209,514  $  845,715  $  894,967  $  921,848  $  971,212  $  995,789
                               ========  ==========  ==========  ==========  ==========  ==========
Ratios of Earnings to 
  Combined Fixed 
  Charges and Preferred 
  Stock Dividends                  3.00        3.19        3.15        2.89        2.73        2.40
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<F/N>
Note:  For the purpose of computing the Company's ratios of earnings to combined fixed 
       charges and preferred stock dividends, "earnings" represent net income adjusted for 
       the Company's equity in undistributed earnings or loss of unconsolidated affiliates, 
       income taxes and fixed charges (excluding capitalized interest).  "Fixed charges" 
       consist of interest on short-term and long-term debt (including amortization of bond 
       premium, discount and expense; and excluding interest on decommissioning trust funds 
       [for which an equal amount of interest income is recorded] and amortization of the           
       gain or loss on reacquired debt securities) and interest on capital leases (including       
       capitalized interest).  "Preferred stock dividends" represent the sum of requirements 
       for preferred stock dividends that are deductible for federal income tax purposes and       
       requirements for preferred stock dividends that are not deductible for federal income 
       tax purposes increased to an amount representing pretax earnings which would be 
       required to cover such dividend requirements.