<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> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 17,503 <OTHER-PROPERTY-AND-INVEST> 1,755 <TOTAL-CURRENT-ASSETS> 4,213 <TOTAL-DEFERRED-CHARGES> 3,180 <OTHER-ASSETS> 4,835 <TOTAL-ASSETS> 31,486 <COMMON> 5,373 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 2,397 <TOTAL-COMMON-STOCKHOLDERS-EQ> 7,770 <PREFERRED-MANDATORY> 780 <PREFERRED> 0 <LONG-TERM-DEBT-NET> 6,759 <SHORT-TERM-NOTES> 624 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 424 <LONG-TERM-DEBT-CURRENT-PORT> 537 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 0 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 14,592 <TOT-CAPITALIZATION-AND-LIAB> 31,486 <GROSS-OPERATING-REVENUE> 16,457 <INCOME-TAX-EXPENSE> 365 <OTHER-OPERATING-EXPENSES> 15,069 <TOTAL-OPERATING-EXPENSES> 15,069 <OPERATING-INCOME-LOSS> 1,388 <OTHER-INCOME-NET> 80 <INCOME-BEFORE-INTEREST-EXPEN> 1,468 <TOTAL-INTEREST-EXPENSE> 584 <NET-INCOME> 519 <PREFERRED-STOCK-DIVIDENDS> 0 <EARNINGS-AVAILABLE-FOR-COMM> 519 <COMMON-STOCK-DIVIDENDS> 330 <TOTAL-INTEREST-ON-BONDS> 252 <CASH-FLOW-OPERATIONS> 2,005 <EPS-BASIC> 1.41 <EPS-DILUTED> 1.40