8-K

                   SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C.  20549




                              FORM 8-K

                           CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



                Date of Report:  October 2, 2001



              Exact Name of
  Commission  Registrant        State or other   IRS Employer
  File        as specified      Jurisdiction of  Identification
  Number      in its charter    Incorporation    Number
----------  --------------    ---------------  --------------

  1-12609     PG&E Corporation  California       94-3234914

  1-2348      Pacific Gas and   California       94-0742640
              Electric Company




 Pacific Gas and Electric Company    PG&E Corporation
 77 Beale Street, P.O. Box 770000    One Market, Spear Tower, Suite 2400
 San Francisco, California  94177    San Francisco, California 94105

        (Address of principal executive offices) (Zip Code)


 Pacific Gas and Electric Company         PG&E Corporation
 (415) 973-7000                           (415) 267-7000

     (Registrant's telephone number, including area code)







Item 5. Other Events.

     On October 1, 2001, Pacific Gas and Electric Company (Utility), a
subsidiary of PG&E Corporation, filed its monthly operating report for
the month ended August 31, 2001, with the U.S. Bankruptcy Court for the
Northern District of California.  The Utility's monthly operating report
includes an unaudited income statement for the month and an unaudited
balance sheet dated as of the end of the month.  These unaudited
financial statements are attached as Exhibit 99 to this report.  The
monthly operating report also includes a statement of receipts and
disbursements, as well as other information.  The preliminary financial
statements were prepared using certain assumptions and estimates that
are subject to revision.  Any adjustments for these estimates (based
upon changes in facts and circumstances, further analysis, and other
factors) will be reflected in the financial statements in the period
during which such adjustments are made.  These adjustments could have a
material impact on reported results in the future.


Item 7. Financial Statements, Pro Forma Financial Information, and
Exhibits

Exhibit 99 - Pacific Gas and Electric Company Income Statement for the
month ended August 31, 2001, and Balance Sheet dated August 31, 2001.









				        SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by
the undersigned thereunto duly authorized.



                              PG&E CORPORATION

                              By:
                                  -----------------------------
                                  CHRISTOPHER P. JOHNS
                                  Vice President and Controller



                              PACIFIC GAS AND ELECTRIC COMPANY

                              By:
                                  -----------------------------
                                  DINYAR B. MISTRY
                                  Vice President and Controller





Dated:  October 2, 2001

EX-99

Pacific Gas and Electric Company U.S. Trustee Balance Sheet As of August 31, 2001 (in millions, except share amounts)
	August 2001
ASSETS
Current Assets
Cash and cash equivalents	$ (17)
Short-term investments	3,998
Accounts receivable:	0
Customers (net of allowance for doubtful accounts of $52 million)	1,728
Related parties	34
Regulatory balancing accounts	63
Inventories:	0
Gas stored underground and fuel oil	268
Materials and supplies	129
Prepaid expenses and other	119
Total current assets	6,322
Property, Plant, and Equipment
Electric	16,895
Gas	7,573
Construction work in progress	227
Total property, plant, and equipment (at original cost)	24,695
Accumulated depreciation and decommissioning	(11,573)
Net property, plant, and equipment	13,122
Other Noncurrent Assets
Regulatory assets	1,914
Nuclear decommissioning trust funds	1,337
Other	2,083
Total noncurrent assets	5,334
TOTAL ASSETS	$ 24,778
LIABILITIES AND EQUITY
Liabilities
Accounts payable
Trade creditors	$ 355
Related parties	37
Regulatory Balancing Accounts	371
Other	192
Accrued taxes	373
Rate reduction bonds	1,809
Deferred income taxes	1,126
Deferred tax credits	166
Pre-petition secured debt	3,411
Pre-petition liabilities	5,496
Pre-petition financing debt	5,811
Other liabilities	3,353
Total liabilities	22,500
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	(1,722)
Accumulated other comprehensive loss	(1)
Total stockholders' equity	2,141
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 24,778

Pacific Gas and Electric Company U.S. Trustee Balance Sheet As of August 31, 2001
Notes
1	These preliminary financial statements were prepared using certain assumptions and estimates. These assumptions and estimates are subject to revision and actual results could differ materially from the information provided in this statement. 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.
2	These unaudited 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.
3	Cash and cash equivalents have been reduced for uncleared checks. On the balance sheet included with the Utility's 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 August 31, 2001 and the five months ended August 31, 2001 (in millions)
			Case to date five months ended August 31, 2001
		Month ended August 31, 2001
	OPERATING REVENUES	$ 1,031	$ 4,363
	OPERATING EXPENSES:
	Cost of Electric Energy	156	(90)
	Cost of Gas	161	571
	Operating and Maintenance	169	1,084
	Depreciation, Decommissioning, and Amortization	74	373
	Total Operating Expenses	560	1,938
	OPERATING INCOME (LOSS)	471	2,425
	Interest Income (Expense)	(67)	(344)
	Professional Fees	(1)	(7)
	Other Income and (Expense)	(1)	(4)
	PRE-TAX INCOME (LOSS)	402	2,070
	Income Taxes	155	788
	EARNINGS (LOSS)	247	1,282
	Preferred Dividend Requirement	2	10
	EARNINGS (LOSS) AVAILABLE FOR (ALLOCATED TO) COMMON STOCK	$ 245	$ 1,272

Pacific Gas and Electric Company U.S. Trustee Income Statement For the month ended August 31, 2001 and the five months ended August 31, 2001
Notes
1	These preliminary financial statements were prepared using certain assumptions and estimates. These assumptions and estimates are subject to revision and actual results could differ materially from the information provided in this statement. 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.
2	These financial statements were prepared using certain assumptions and estimates, including the estimated amount payable to the California Department of Water Resources (DWR) for the estimated amount of power purchased by the DWR on behalf of retail customersbased on approximately 10 cents per kilowatt hour (kWh). The Utility acts solely as a billing agent for the DWR. While the rate freeze is in effect, to the extent revenue is allocable to the DWR, there will be a corresponding reduction in the Utility's revenues. Therefore, the amounts paid to the DWR for deliveries are not recorded as expense and the revenue billed by the Utility to its customers associated with this energy is excluded from revenues. These assumptions and estimates are subject to revision and actual results could differ materially from the information provided in this statement. The results for the month of August 2001 are not indicative of future earnings. While the rate freeze is in effect, earnings could differ materially as a result of the implementation of the DWR's revenue requirements when and if adopted by the California Public Utilities Commission (CPUC). The DWR has provided the following revenue requirement request to the CPUC for 2001 and 2002, by quarter, based on the DWR's projected retail sales to the Utility's customers
			2001	2002
		1st Quarter	$542,003,000	$691,501,000
		2nd Quarter	1,319,835,000	452,819,000
		3rd Quarter	719,188,000	639,895,000
		4th Quarter	780,906,000	781,635,000
	Further, the income statement does not reflect the CPUC's Proposed Decision issued on September 4, 2001, to increase the amount of the allocation of the DWR revenue requirement to be collected from the Utility's customers as compared to the amount contained in its most recent request submitted to the CPUC.
3	Items impacting comparability for the month ended August 31, 2001, (net of taxes):
					(in millions of dollars)
					After-Tax
	Generation Regulatory Asset Valuation Reserve				(239)
	California Tax Adjustment				(5)
	Interest Expense				14
	Other				55
	Total				(175)
4	Case to date results reflect the entire five month period ended August 31, 2001. The bankruptcy petition date is April 6, 2001.