<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> 01 <NAME> PACIFIC GAS AND ELECTRIC COMPANY <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> 12,554 <OTHER-PROPERTY-AND-INVEST> 0 <TOTAL-CURRENT-ASSETS> 1,790 <TOTAL-DEFERRED-CHARGES> 2,932 <OTHER-ASSETS> 4,444 <TOTAL-ASSETS> 21,720 <COMMON> 1,607 <CAPITAL-SURPLUS-PAID-IN> 1,971 <RETAINED-EARNINGS> 1,882 <TOTAL-COMMON-STOCKHOLDERS-EQ> 5,460 <PREFERRED-MANDATORY> 437 <PREFERRED> 287 <LONG-TERM-DEBT-NET> 5,051 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 0 <LONG-TERM-DEBT-CURRENT-PORT> 453 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 10,032 <TOT-CAPITALIZATION-AND-LIAB> 21,720 <GROSS-OPERATING-REVENUE> 4,318 <INCOME-TAX-EXPENSE> 263 <OTHER-OPERATING-EXPENSES> 3,444 <TOTAL-OPERATING-EXPENSES> 3,444 <OPERATING-INCOME-LOSS> 874 <OTHER-INCOME-NET> 22 <INCOME-BEFORE-INTEREST-EXPEN> 896 <TOTAL-INTEREST-EXPENSE> 302 <NET-INCOME> 331 <PREFERRED-STOCK-DIVIDENDS> 12 <EARNINGS-AVAILABLE-FOR-COMM> 319 <COMMON-STOCK-DIVIDENDS> 195 <TOTAL-INTEREST-ON-BONDS> 170 <CASH-FLOW-OPERATIONS> 1,568 <EPS-BASIC> 0.00 <EPS-DILUTED> 0.00