Exhibit 99
PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF APRIL 30, 2003
(in millions, except share amounts)
				April, 2003
ASSETS
Current Assets
	Cash and cash equivalents			$               3,600
	Accounts receivable:
			Customers (net of allowance for doubtful accounts of $65 million)	1,478
			Related parties	34
			Regulatory balancing accounts	148
	Inventories:
			Gas stored underground and fuel oil	111
			Materials and supplies	122
	Income taxes receivable			173
	Prepaid expenses and other			111
	Total current assets			5,777
Property, Plant, and Equipment
	Electric			19,754
	Gas			8,164
	Construction work in progress			450
	Total property, plant, and equipment (at original cost)			28,368
	Accumulated depreciation and decommissioning			(12,549)
Net property, plant, and equipment				15,819
Other Noncurrent Assets
	Regulatory assets			1,927
	Nuclear decommissioning trust funds			1,313
	Other			1,738
	Total noncurrent assets			4,978
TOTAL ASSETS				$             26,574
LIABILITIES AND EQUITY
Liabilities
	Accounts payable
			Trade creditors	$                  458
			Related parties	160
			Regulatory Balancing Accounts	371
			Other	261
	Accrued taxes			1
	Rate reduction bonds			1,326
	QUID's			-
	Deferred income taxes			1,566
	Deferred tax credits			138
	Asset retirement obligations			1,379
	Pre-petition secured debt			3,108
	Pre-petition liabilities			3,830
	Pre-petition financing debt			5,641
	Other liabilities			3,604
	Total liabilities			21,843
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
	Reinvested earnings (Accumulated deficit)			730
	Total stockholders' equity			4,594
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY				$             26,574
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.

PACIFIC GAS AND ELECTRIC COMPANY

U.S. TRUSTEE INCOME STATEMENT

FOR THE MONTH ENDED APRIL 30, 2003

AND THE TWENTY-FIVE MONTHS ENDED APRIL 30, 2003

(in millions)

		Case to date
	Month	twenty-five months
	ended	ended
	April 30, 2003	April 30, 2003
OPERATING REVENUES	$                             760	$                      21,241
OPERATING EXPENSES:
Cost of Electric Energy	118	2,650
Cost of Gas	134	2,524
Operating and Maintenance	297	5,768
Depreciation, Decommissioning, and Amortization	96	2,258
Total Operating Expenses	645	13,200
OPERATING INCOME (LOSS)	115	8,041
Interest Income (Expense)	(67)	(1,852)
Professional Fees	(2)	(67)
Other Income and (Expense)	8	2
PRE-TAX INCOME (LOSS)	54	6,124
Income Taxes	16	2,330
EARNINGS (LOSS)	38	3,794
Preferred Dividend Requirement	2	52
Cumulative Effect of Change in Accounting Principle	-	1
EARNINGS (LOSS) AVAILABLE FOR (ALLOCATED TO) COMMON STOCK	$                               36	$                        3,741

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 2003 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 is subject to revision and actual results could differ materially.  Revenues collected on behalf of the DWR and the related costs are not reflected in these unaudited financial statements as Pacific Gas and Electric Company is a collection agent for the DWR.
4	Case to date results reflect the entire twenty-five month period ended April 30, 2003.  The bankruptcy petition date is April 6, 2001.