<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 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 17,414 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 4,067 <TOTAL-DEFERRED-CHARGES> 2,560 <OTHER-ASSETS> 1,106 <TOTAL-ASSETS> 25,147 <COMMON> 2,018 <CAPITAL-SURPLUS-PAID-IN> 2,564 <RETAINED-EARNINGS> 2,671 <TOTAL-COMMON-STOCKHOLDERS-EQ> 7,253 <PREFERRED-MANDATORY> 437 <PREFERRED> 402 <LONG-TERM-DEBT-NET> 6,218 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 580 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 10,257 <TOT-CAPITALIZATION-AND-LIAB> 25,147 <GROSS-OPERATING-REVENUE> 9,495 <INCOME-TAX-EXPENSE> 609 <OTHER-OPERATING-EXPENSES> 7,664 <TOTAL-OPERATING-EXPENSES> 7,664 <OPERATING-INCOME-LOSS> 1,831 <OTHER-INCOME-NET> 116 <INCOME-BEFORE-INTEREST-EXPEN> 1,947 <TOTAL-INTEREST-EXPENSE> 570 <NET-INCOME> 768 <PREFERRED-STOCK-DIVIDENDS> 33 <EARNINGS-AVAILABLE-FOR-COMM> 735 <COMMON-STOCK-DIVIDENDS> 699 <TOTAL-INTEREST-ON-BONDS> 408 <CASH-FLOW-OPERATIONS> 1,768 <EPS-PRIMARY> 0 <EPS-DILUTED> 0