<ARTICLE> UT <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PACIFIC GAS AND ELECTTRIC CO. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 17,701,178 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 2,190,320 <TOTAL-DEFERRED-CHARGES> 2,558,976 <OTHER-ASSETS> 1,005,322 <TOTAL-ASSETS> 23,455,796 <COMMON> 2,017,521 <CAPITAL-SURPLUS-PAID-IN> 2,563,694 <RETAINED-EARNINGS> 2,567,442 <TOTAL-COMMON-STOCKHOLDERS-EQ> 7,148,657 <PREFERRED-MANDATORY> 437,500 <PREFERRED> 402,056 <LONG-TERM-DEBT-NET> 7,046,722 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 606,708 <LONG-TERM-DEBT-CURRENT-PORT> 9,587 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 7,804,566 <TOT-CAPITALIZATION-AND-LIAB> 23,455,796 <GROSS-OPERATING-REVENUE> 2,273,978 <INCOME-TAX-EXPENSE> 137,959 <OTHER-OPERATING-EXPENSES> 1,828,734 <TOTAL-OPERATING-EXPENSES> 1,828,734 <OPERATING-INCOME-LOSS> 445,244 <OTHER-INCOME-NET> 9,336 <INCOME-BEFORE-INTEREST-EXPEN> 454,580 <TOTAL-INTEREST-EXPENSE> 144,042 <NET-INCOME> 172,579 <PREFERRED-STOCK-DIVIDENDS> 8,278 <EARNINGS-AVAILABLE-FOR-COMM> 164,301 <COMMON-STOCK-DIVIDENDS> 224,341 <TOTAL-INTEREST-ON-BONDS> 102,409 <CASH-FLOW-OPERATIONS> 749,637 <EPS-PRIMARY> 0 <EPS-DILUTED> 0