WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  


 
<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>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                       17,818
<OTHER-PROPERTY-AND-INVEST>                          0
<TOTAL-CURRENT-ASSETS>                           4,955
<TOTAL-DEFERRED-CHARGES>                         2,998
<OTHER-ASSETS>                                   7,463
<TOTAL-ASSETS>                                  33,234
<COMMON>                                         5,862
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                              2,204
<TOTAL-COMMON-STOCKHOLDERS-EQ>                   8,066
<PREFERRED-MANDATORY>                              300
<PREFERRED>                                        480
<LONG-TERM-DEBT-NET>                             6,065
<SHORT-TERM-NOTES>                               1,644
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                   1,357
<LONG-TERM-DEBT-CURRENT-PORT>                      338
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                  14,984
<TOT-CAPITALIZATION-AND-LIAB>                   33,234
<GROSS-OPERATING-REVENUE>                       19,942
<INCOME-TAX-EXPENSE>                               570
<OTHER-OPERATING-EXPENSES>                      17,935
<TOTAL-OPERATING-EXPENSES>                      17,935
<OPERATING-INCOME-LOSS>                          2,007
<OTHER-INCOME-NET>                                  64
<INCOME-BEFORE-INTEREST-EXPEN>                   2,071
<TOTAL-INTEREST-EXPENSE>                           782
<NET-INCOME>                                       719
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                      719
<COMMON-STOCK-DIVIDENDS>                           466
<TOTAL-INTEREST-ON-BONDS>                          340
<CASH-FLOW-OPERATIONS>                           2,301
<EPS-PRIMARY>                                    $1.88
<EPS-DILUTED>                                    $1.88