<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> 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> 12,898 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 1,696 <TOTAL-DEFERRED-CHARGES> 2,961 <OTHER-ASSETS> 4,900 <TOTAL-ASSETS> 22,455 <COMMON> 1,607 <CAPITAL-SURPLUS-PAID-IN> 1,971 <RETAINED-EARNINGS> 1,804 <TOTAL-COMMON-STOCKHOLDERS-EQ> 5,382 <PREFERRED-MANDATORY> 437 <PREFERRED> 287 <LONG-TERM-DEBT-NET> 4,740 <SHORT-TERM-NOTES> 926 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 566 <LONG-TERM-DEBT-CURRENT-PORT> 272 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 9,845 <TOT-CAPITALIZATION-AND-LIAB> 22,455 <GROSS-OPERATING-REVENUE> 2,085 <INCOME-TAX-EXPENSE> 126 <OTHER-OPERATING-EXPENSES> 1,663 <TOTAL-OPERATING-EXPENSES> 1,663 <OPERATING-INCOME-LOSS> 422 <OTHER-INCOME-NET> 11 <INCOME-BEFORE-INTEREST-EXPEN> 433 <TOTAL-INTEREST-EXPENSE> 154 <NET-INCOME> 153 <PREFERRED-STOCK-DIVIDENDS> 6 <EARNINGS-AVAILABLE-FOR-COMM> 147 <COMMON-STOCK-DIVIDENDS> 100 <TOTAL-INTEREST-ON-BONDS> 85 <CASH-FLOW-OPERATIONS> 1,093 <EPS-PRIMARY> $0.00 <EPS-DILUTED> $0.00