<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> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 17,863 <OTHER-PROPERTY-AND-INVEST> 1,786 <TOTAL-CURRENT-ASSETS> 5,622 <TOTAL-DEFERRED-CHARGES> 5,747 <OTHER-ASSETS> 3,090 <TOTAL-ASSETS> 34,108 <COMMON> 5,379 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2,248 <TOTAL-COMMON-STOCKHOLDERS-EQ> 7,627 <PREFERRED-MANDATORY> 300 <PREFERRED> 480 <LONG-TERM-DEBT-NET> 6,078 <SHORT-TERM-NOTES> 1,805 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 1,154 <LONG-TERM-DEBT-CURRENT-PORT> 352 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 16,312 <TOT-CAPITALIZATION-AND-LIAB> 34,108 <GROSS-OPERATING-REVENUE> 5,257 <INCOME-TAX-EXPENSE> 106 <OTHER-OPERATING-EXPENSES> 4,815 <TOTAL-OPERATING-EXPENSES> 4,815 <OPERATING-INCOME-LOSS> 442 <OTHER-INCOME-NET> 21 <INCOME-BEFORE-INTEREST-EXPEN> 463 <TOTAL-INTEREST-EXPENSE> 201 <NET-INCOME> 156 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 156 <COMMON-STOCK-DIVIDENDS> 115 <TOTAL-INTEREST-ON-BONDS> 85 <CASH-FLOW-OPERATIONS> 1004 <EPS-PRIMARY> $0.42 <EPS-DILUTED> $0.37