<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from Pacific Gas and Electric Company and is qualified in its entirety by reference to such financial statements. </LEGEND> <SUBSIDIARY> <NUMBER> 1 <NAME> PACIFIC GAS AND ELECTRIC COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 17,647,274 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 2,304,740 <TOTAL-DEFERRED-CHARGES> 2,537,944 <OTHER-ASSETS> 1,041,462 <TOTAL-ASSETS> 23,531,420 <COMMON> 2,017,521 <CAPITAL-SURPLUS-PAID-IN> 2,563,694 <RETAINED-EARNINGS> 2,519,956 <TOTAL-COMMON-STOCKHOLDERS-EQ> 7,101,171 <PREFERRED-MANDATORY> 437,500 <PREFERRED> 402,056 <LONG-TERM-DEBT-NET> 6,984,006 <SHORT-TERM-NOTES> 126,167 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 1,051,897 <LONG-TERM-DEBT-CURRENT-PORT> 23,645 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 7,404,978 <TOT-CAPITALIZATION-AND-LIAB> 23,531,420 <GROSS-OPERATING-REVENUE> 4,552,742 <INCOME-TAX-EXPENSE> 245,107 <OTHER-OPERATING-EXPENSES> 3,737,231 <TOTAL-OPERATING-EXPENSES> 3,737,231 <OPERATING-INCOME-LOSS> 815,511 <OTHER-INCOME-NET> 22,896 <INCOME-BEFORE-INTEREST-EXPEN> 838,407 <TOTAL-INTEREST-EXPENSE> 290,833 <NET-INCOME> 302,467 <PREFERRED-STOCK-DIVIDENDS> 16,556 <EARNINGS-AVAILABLE-FOR-COMM> 285,911 <COMMON-STOCK-DIVIDENDS> 393,445 <TOTAL-INTEREST-ON-BONDS> 204,625 <CASH-FLOW-OPERATIONS> 928,022 <EPS-PRIMARY> 0 <EPS-DILUTED> 0