Exhibit 99
AS OF FEBRUARY 28, 2003
U.S. TRUSTEE BALANCE SHEET
AS OF FEBRUARY 28, 2003
(in millions, except share amounts)
			February, 2003
ASSETS
Current Assets
	Cash and cash equivalents		$               3,589
	Accounts receivable:
		Customers (net of allowance for doubtful accounts of $65 million)	1,730
		Related parties	31
		Regulatory balancing accounts	112
	Inventories:
		Gas stored underground and fuel oil	86
		Materials and supplies	120
	Prepaid expenses and other		291
	Total current assets		5,959
Property, Plant, and Equipment
	Electric		19,058
	Gas		8,120
	Construction work in progress		424
	Total property, plant, and equipment (at original cost)		27,602
	Accumulated depreciation and decommissioning		(13,617)
Net property, plant, and equipment			13,985
Other Noncurrent Assets
	Regulatory assets		1,960
	Nuclear decommissioning trust funds		1,308
	Other		1,775
	Total noncurrent assets		5,043
TOTAL ASSETS			$             24,987
LIABILITIES AND EQUITY
Liabilities
	Accounts payable
		Trade creditors	$                  334
		Related parties	122
		Regulatory Balancing Accounts	440
		Other	254
	Accrued taxes		20
	Rate reduction bonds		1,376
	QUID's		-
	Deferred income taxes		1,612
	Deferred tax credits		141
	Pre-petition secured debt		3,073
	Pre-petition liabilities		3,807
	Pre-petition financing debt		5,691
	Other liabilities		3,347
	Total liabilities		20,217
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)		769
	Total stockholders' equity		4,633
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			$             24,987

PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF FEBRUARY 28, 2003
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 FEBRUARY 28, 2003
AND THE TWENTY-THREE MONTHS ENDED FEBRUARY 28, 2003
(in millions)
		Case to date
	Month	twenty-three months
	ended	ended
	February 28, 2003	February 28, 2003
OPERATING REVENUES	$                      600	$                  19,826
OPERATING EXPENSES:
Cost of Electric Energy	175	2,310
Cost of Gas	162	2,222
Operating and Maintenance	196	5,243
Depreciation, Decommissioning, and Amortization	93	2,067
Total Operating Expenses	626	11,842
OPERATING INCOME (LOSS)	(26)	7,984
Interest Income (Expense)	(67)	(1,713)
Professional Fees	(3)	(63)
Other Income and (Expense)	3	(7)
PRE-TAX INCOME (LOSS)	(93)	6,201
Income Taxes	(43)	2,373
EARNINGS (LOSS)	(50)	3,828
Preferred Dividend Requirement	2	48
EARNINGS (LOSS) AVAILABLE FOR (ALLOCATED TO) COMMON STOCK	$                       (52)	$                   3,780

PACIFIC GAS AND ELECTRIC COMPANY
U.S.  TRUSTEE INCOME STATEMENT
FOR THE MONTH ENDED FEBRUARY 28, 2003
AND THE TWENTY-THREE MONTHS ENDED FEBRUARY 28, 2003
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 February 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-three month period ended February 28, 2003.  The bankruptcy petition date is April 6, 2001.