EXHIBIT 23.2

                      [LETTERHEAD OF ARTHUR ANDERSEN LLP]

                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation of our
report dated February 8,1999, incorporated by reference in this Form 10-K, into
the Company's previously filed registration statements as follows: (1) PG&E
Corporation's Form S-3 Registration Statement File No. 333-16255 (relating to
PG&E Corporation's Dividend Reinvestment Plan); (2) Pacific Gas and Electric
Company's Form S-3 Registration Statement File No. 33-64136 (relating to
$2,000,000,000 aggregate principal amount of Pacific Gas and Electric Company's
First and Refunding Mortgage Bonds and Medium-Term Notes); (3) Pacific Gas and
Electric Company's Form S-3 Registration Statement File No. 33-50707 (relating
to $1,500,000,000 aggregate principal amount of Pacific Gas and Electric
Company's First and Refunding Mortgage Bonds); (4) PG&E Corporation's Form S-8
Registration Statement No. 33-50601 (relating to Pacific Gas and Electric
Company Savings Fund Plan for Employees (for union-represented employees); (5)
PG&E Corporation's Form S-8 Registration Statement File No. 33-23692 (relating
to PG&E Corporation's 1986 Stock Option Plan); (6) Pacific Gas and Electric
Company's Form S-3 Registration Statement File No. 33-62488 (relating to
10,000,000 shares of Pacific Gas and Electric Company's Redeemable First
Preferred Stock); (7) Form S-3 Registration Statement File No. 33-61959
(relating to $335,000,000 aggregate liquidation value of Cumulative Quarterly
Income Preferred Securities); (8) PG&E Corporation's Form S-8 Registration
Statement File No. 333-16253 (relating to PG&E Corporation's Long-Term Incentive
Program); (9) PG&E Corporation's Form S-3 Registration Statement File No. 333-
25685 (relating to the resale of PG&E Corporation shares held by certain
shareholders); (10) PG&E Corporation's Post-Effective Amendment on Form S-8 to
Form S-4 Registration Statement File No. 333-27015 (relating to Valero Energy
Corporation Stock Option Plan No. 4, Valero Energy Corporation Stock Option Plan
No. 5, and Valero Energy Corporation Executive Stock Incentive Plan); (11) PG&E
Corporation's Form S-8 Registration Statement File No. 333-68155 (relating to
PG&E Gas Transmission, Northwest Corporation Savings Fund Plan for Non-
Management Employees); and (12) PG&E Corporation's Form S-8 Registration
Statement File No. 333-69437 (relating to U.S. Generating Company 401(k) Profit-
Sharing Plan for Bargaining Unit Employees); (13) PG&E Corporation's Form S-8
Registration Statement File No. 333-77145 (relating to the PG&E Corporation
Retirement Savings Plan); and (14) PG&E Corporation's Form S-8 Registration
Statement File No. 333-77149 (relating to PG&E Corporation's Long-Term Incentive
Program).


/s/ ARTHUR ANDERSEN LLP

San Francisco, California
March 3, 2000