Exhibit 99.2
PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF AUGUST 31, 2002
(in millions, except share amounts)
			August, 2002
ASSETS
Current Assets
	Cash and cash equivalents		$               4,104
	Accounts receivable:
		Customers (net of allowance for doubtful accounts of $51 million)	1,939
		Related parties	31
		Regulatory balancing accounts	174
	Inventories:
		Gas stored underground and fuel oil	179
		Materials and supplies	123
	Prepaid expenses and other		58
	Total current assets		6,608
Property, Plant, and Equipment
	Electric		18,663
	Gas		7,950
	Construction work in progress		410
	Total property, plant, and equipment (at original cost)		27,023
	Accumulated depreciation and decommissioning		(13,263)
Net property, plant, and equipment			13,760
Other Noncurrent Assets
	Regulatory assets		2,100
	Nuclear decommissioning trust funds		1,294
	Other		1,814
	Total noncurrent assets		5,208
TOTAL ASSETS			$             25,576
LIABILITIES AND EQUITY
Liabilities
	Accounts payable
		Trade creditors	$                  713
		Related parties	91
		Regulatory Balancing Accounts	305
		Other	212
	Accrued taxes		1,184
	Rate reduction bonds		1,533
	QUID's		-
	Deferred income taxes		920
	Deferred tax credits		147
	Pre-petition secured debt		3,072
	Pre-petition liabilities		3,793
	Pre-petition financing debt		5,694
	Other liabilities		3,422
	Total liabilities		21,086
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)		489
	Total stockholders' equity		4,353
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			$             25,576

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF AUGUST 31, 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 AUGUST 31, 2002
AND THE SEVENTEEN MONTHS ENDED AUGUST 31, 2002
(in millions)
		Case to date
	Month	seventeen months
	ended	ended
	August 31, 2002	August 31, 2002
OPERATING REVENUES	$                   1,056	$                 15,258
OPERATING EXPENSES:
Cost of Electric Energy	171	1,185
Cost of Gas	35	1,539
Operating and Maintenance	342	3,941
Depreciation, Decommissioning, and Amortization	107	1,437
Total Operating Expenses	655	8,102
OPERATING INCOME (LOSS)	401	7,156
Interest Income (Expense)	(69)	(1,304)
Professional Fees	(4)	(40)
Other Income and (Expense)	1	(10)
PRE-TAX INCOME (LOSS)	329	5,802
Income Taxes	134	2,267
EARNINGS (LOSS)	195	3,535
Preferred Dividend Requirement	2	35
EARNINGS (LOSS) AVAILABLE FOR (ALLOCATED TO) COMMON STOCK	$                     193	$                  3,500

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE INCOME STATEMENT
FOR THE MONTH ENDED AUGUST 31, 2002
AND THE SEVENTEEN MONTHS ENDED AUGUST 31, 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 August 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.  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 seventeen month period ended August 31, 2002.  The bankruptcy petition date is April 6, 2001.