<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from
PG&E Corporation and is qualified in its entirety to such financial
statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                   20,353,222
<OTHER-PROPERTY-AND-INVEST>                    730,821
<TOTAL-CURRENT-ASSETS>                       3,885,903
<TOTAL-DEFERRED-CHARGES>                     2,690,918
<OTHER-ASSETS>                               1,753,883
<TOTAL-ASSETS>                              29,414,747
<COMMON>                                     6,409,213
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                          2,612,048
<TOTAL-COMMON-STOCKHOLDERS-EQ>               9,021,261
<PREFERRED-MANDATORY>                          437,500
<PREFERRED>                                    390,591
<LONG-TERM-DEBT-NET>                         8,181,912
<SHORT-TERM-NOTES>                              12,256
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>               1,320,523
<LONG-TERM-DEBT-CURRENT-PORT>                  643,592
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>               9,407,112
<TOT-CAPITALIZATION-AND-LIAB>               29,414,747
<GROSS-OPERATING-REVENUE>                   10,511,317
<INCOME-TAX-EXPENSE>                           457,569
<OTHER-OPERATING-EXPENSES>                   9,048,440
<TOTAL-OPERATING-EXPENSES>                   9,048,440
<OPERATING-INCOME-LOSS>                      1,462,877
<OTHER-INCOME-NET>                             138,403
<INCOME-BEFORE-INTEREST-EXPEN>               1,601,280
<TOTAL-INTEREST-EXPENSE>                       496,823
<NET-INCOME>                                   646,888
<PREFERRED-STOCK-DIVIDENDS>                     24,835
<EARNINGS-AVAILABLE-FOR-COMM>                  622,053
<COMMON-STOCK-DIVIDENDS>                       358,947
<TOTAL-INTEREST-ON-BONDS>                      306,112
<CASH-FLOW-OPERATIONS>                       2,159,847
<EPS-PRIMARY>                                     1.53
<EPS-DILUTED>                                     1.53