<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from PG&E Corporation and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 18,206 <OTHER-PROPERTY-AND-INVEST> 644 <TOTAL-CURRENT-ASSETS> 3,838 <TOTAL-DEFERRED-CHARGES> 2,744 <OTHER-ASSETS> 6,206 <TOTAL-ASSETS> 31,638 <COMMON> 5,848 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2,111 <TOTAL-COMMON-STOCKHOLDERS-EQ> 7,959 <PREFERRED-MANDATORY> 437 <PREFERRED> 343 <LONG-TERM-DEBT-NET> 6,476 <SHORT-TERM-NOTES> 1,937 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 584 <LONG-TERM-DEBT-CURRENT-PORT> 358 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 13,544 <TOT-CAPITALIZATION-AND-LIAB> 31,638 <GROSS-OPERATING-REVENUE> 14,447 <INCOME-TAX-EXPENSE> 464 <OTHER-OPERATING-EXPENSES> 12,880 <TOTAL-OPERATING-EXPENSES> 12,880 <OPERATING-INCOME-LOSS> 1,567 <OTHER-INCOME-NET> 24 <INCOME-BEFORE-INTEREST-EXPEN> 1,591 <TOTAL-INTEREST-EXPENSE> 604 <NET-INCOME> 523 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 523 <COMMON-STOCK-DIVIDENDS> 352 <TOTAL-INTEREST-ON-BONDS> 260 <CASH-FLOW-OPERATIONS> 2,515 <EPS-PRIMARY> 1.37 <EPS-DILUTED> 1.37