Exhibit 99

PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF APRIL 30, 2002
(in millions, except share amounts)
			April, 2002
ASSETS
Current Assets
	Cash and cash equivalents		$               4,501
	Accounts receivable:
		Customers (net of allowance for doubtful accounts of $45 million)	1,640
		Related parties	32
		Regulatory balancing accounts	124
	Inventories:
		Gas stored underground and fuel oil	136
		Materials and supplies	117
	Prepaid expenses and other		76
	Total current assets		6,626
Property, Plant, and Equipment
	Electric		18,451
	Gas		7,902
	Construction work in progress		345
	Total property, plant, and equipment (at original cost)		26,698
	Accumulated depreciation and decommissioning		(13,196)
Net property, plant, and equipment			13,502
Other Noncurrent Assets
	Regulatory assets		2,202
	Nuclear decommissioning trust funds		1,344
	Other		1,859
	Total noncurrent assets		5,405
TOTAL ASSETS			$             25,533
LIABILITIES AND EQUITY
Liabilities
	Accounts payable
		Trade creditors	$                  610
		Related parties	109
		Regulatory Balancing Accounts	339
		Other	219
	Accrued taxes		894
	Rate reduction bonds		1,640
	Deferred income taxes		975
	Deferred tax credits		150
	Pre-petition secured debt		3,107
	Pre-petition liabilities		4,385
	Pre-petition financing debt		6,089
	Other liabilities		3,336
	Total liabilities		21,853
Preferred Stock With Mandatory Redemption Provisions			137
Stockholders' Equity
	Preferred stock without mandatory redemption provisions
		Nonredeemable--5% to 6%, outstanding 5,784,825 shares	145
		Redeemable--4.36% to 7.04%, outstanding 5,973,456 shares	149
	Common stock, $5 par value, authorized 800,000,000 shares;
		issued 321,314,760 shares	1,606
	Additional paid in capital		1,964
	Accumulated deficit		(319)
	Accumulated other comprehensive loss		(2)
	Total stockholders' equity		3,543
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			$             25,533

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF APRIL 30, 2002
Notes
1	These unaudited financial statements are prepared for the U.S. Trustee and differ from the requirements of generally accepted accounting principles in that they exclude certain financial statements (statements of cash flows, stockholders equity, and other comprehensive income), relevant footnotes and certain reclassifications.
2	These unaudited financial statements were prepared using certain assumptions and estimates.  These assumptions and estimates are subject to revision.  Further, the amounts shown in this statement, when reported on a quarterly basis, may differ materially due to adjustments in accruals, changes in facts and circumstances, changes in estimates, further analysis, and other factors.
3	Cash and cash equivalents have been reduced for uncleared checks.  On the balance sheet included with the Utility's Annual Report, Form 10-K and 10-Q, uncleared checks are treated as an accounts payable liability.

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE INCOME STATEMENT
FOR THE MONTH ENDED APRIL 30, 2002
AND THE THIRTEEN MONTHS ENDED APRIL 30, 2002
(in millions)
		Case to date
	Month	thirteen months
	ended	ended
	April 30, 2002	April 30, 2002
OPERATING REVENUES	$               795	$                 11,148
OPERATING EXPENSES:
Cost of Electric Energy	128	436
Cost of Gas	66	1,331
Operating and Maintenance	249	2,940
Depreciation, Decommissioning, and Amortization	90	1,020
Total Operating Expenses	533	5,727
OPERATING INCOME (LOSS)	262	5,421
Interest Income (Expense)	(69)	(970)
Professional Fees	(1)	(15)
Other Income and (Expense)	(1)	(13)
PRE-TAX INCOME (LOSS)	191	4,423
Income Taxes	78	1,704
EARNINGS (LOSS)	113	2,719
Preferred Dividend Requirement	2	27
EARNINGS (LOSS) AVAILABLE FOR (ALLOCATED TO) COMMON STOCK	$                111	$               2,692

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PACIFIC GAS AND ELECTRIC COMPANY
U.S.  TRUSTEE INCOME STATEMENT
FOR THE MONTH ENDED APRIL 30, 2002
AND THE THIRTEEN MONTHS ENDED APRIL 30, 2002
Notes
1	These unaudited financial statements are prepared for the U.S. Trustee and differ from the requirements of generally accepted accounting principles in that they exclude certain financial statements (statements of cash flows, stockholders equity, and other comprehensive income), relevant footnotes and certain reclassifications.
2	These unaudited financial statements were prepared using certain assumptions and estimates.  These assumptions and estimates are subject to revision.  Further, the amounts shown in this statement, when reported on a quarterly basis, may differ materially due to adjustments in accruals, changes in facts and circumstances, changes in estimates, further analysis, and other factors.
	The results for the month of April 2002 are not indicative of future earnings.  Future earnings could differ materially.
3	These unaudited financial statements were prepared using certain assumptions and estimates, including the estimated amount payable to the California Department of Water Resources (DWR).  The estimated amount recorded was the product of the estimated amount of power purchased by the DWR on behalf of retail customers during the current month and the rate of approximately 9 cents per kilowatt hour.  The estimated amount recorded is subject to revision and actual results could differ materially from the information provided in this statement.
4	Case to date results reflect the entire thirteen month period ended April 30, 2002.  The bankruptcy petition date is April 6, 2001.