<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> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 17,476 <OTHER-PROPERTY-AND-INVEST> 1,775 <TOTAL-CURRENT-ASSETS> 3,947 <TOTAL-DEFERRED-CHARGES> 3,072 <OTHER-ASSETS> 5,156 <TOTAL-ASSETS> 31,426 <COMMON> 5,391 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2,324 <TOTAL-COMMON-STOCKHOLDERS-EQ> 7,715 <PREFERRED-MANDATORY> 780 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 6,798 <SHORT-TERM-NOTES> 877 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 97 <LONG-TERM-DEBT-CURRENT-PORT> 549 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 14,610 <TOT-CAPITALIZATION-AND-LIAB> 31,426 <GROSS-OPERATING-REVENUE> 10,077 <INCOME-TAX-EXPENSE> 227 <OTHER-OPERATING-EXPENSES> 9,181 <TOTAL-OPERATING-EXPENSES> 9,181 <OPERATING-INCOME-LOSS> 896 <OTHER-INCOME-NET> 60 <INCOME-BEFORE-INTEREST-EXPEN> 956 <TOTAL-INTEREST-EXPENSE> 393 <NET-INCOME> 336 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 336 <COMMON-STOCK-DIVIDENDS> 220 <TOTAL-INTEREST-ON-BONDS> 170 <CASH-FLOW-OPERATIONS> 1,637 <EPS-BASIC> 0.91 <EPS-DILUTED> 0.83