<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> 1,000,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 13,098 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 2,797 <TOTAL-DEFERRED-CHARGES> 2,595 <OTHER-ASSETS> 5,128 <TOTAL-ASSETS> 23,618 <COMMON> 4,132 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2,563 <TOTAL-COMMON-STOCKHOLDERS-EQ> 6,695 <PREFERRED-MANDATORY> 437 <PREFERRED> 329 <LONG-TERM-DEBT-NET> 5,878 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 430 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 9,849 <TOT-CAPITALIZATION-AND-LIAB> 23,618 <GROSS-OPERATING-REVENUE> 4,143 <INCOME-TAX-EXPENSE> 312 <OTHER-OPERATING-EXPENSES> 3,220 <TOTAL-OPERATING-EXPENSES> 3,220 <OPERATING-INCOME-LOSS> 923 <OTHER-INCOME-NET> 71 <INCOME-BEFORE-INTEREST-EXPEN> 994 <TOTAL-INTEREST-EXPENSE> 333 <NET-INCOME> 349 <PREFERRED-STOCK-DIVIDENDS> 15 <EARNINGS-AVAILABLE-FOR-COMM> 334 <COMMON-STOCK-DIVIDENDS> 100 <TOTAL-INTEREST-ON-BONDS> 179 <CASH-FLOW-OPERATIONS> 1,182 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00