PRICING SUPPLEMENT NUMBER: 39                  DATED: 03/31/94
(To Prospectus Supplement Dated                File No. 33-64136
October 25, 1993 and Prospectus                Rule 424(b)(2)
Dated October 25, 1993)


                  Pacific Gas and Electric Company
                     Medium-Term Notes, Series D
                            (Fixed Rate)


     Book-Entry Note:  X           Certificated Note:
                      ---                             ---

Issue Price (As Percentage of Principal Amount):  100.000%

Net Proceeds (As Percentage of Principal Amount):  99.400%

Original Issue Date: 04/08/1994    Redemption Date(s):   NA
Maturity Date:       04/08/2004    Redemption Price(s):  NA
Principal Amount:    $3,000,000    Repayment Date(s):    NA
Interest Rate:       7.400%        Repayment Price(s):   NA
Specified Currency:  NA            Total Amount of OID:  NA
Exchange Rate Agent: NA

CUSIP Number:         69430T JL 6
Selling Agent:        GOLDMAN, SACHS & CO.
Agent's Commission*:  $18,000

Original Issue Discount Note:       Yes        X  No
                                ---           ---

Option to Elect Payment in Specified Currency (only applicable if
Specified Currency is other than United States Dollars):
    Yes        X  No
- ---           ---

Authorized Denominations (only applicable if Specified Currency is
other than United States Dollars):
                                  --------------------------------

Additional Terms

* A portion of the Agent's commission may be allowed to certain
  brokers and/or dealers for their participation in the sale of
  the Note.