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: January 2, 1997
Exact Name of
Commission Registrant IRS Employer
File as specified State 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
77 Beale Street, P.O. Box 770000, San Francisco, California 94177
(Address of principal executive offices) (Zip Code)
Registrants' telephone number, including area code:(415) 973-7000
Item 5. Other Events
A. Holding Company Formation
Effective January 1, 1997, PG&E Corporation became the holding
company for Pacific Gas and Electric Company (PG&E) and its
principal subsidiaries, PG&E Enterprises and Pacific Gas
Transmission Company, and PG&E's outstanding common stock was
converted on a share-for-share basis into PG&E Corporation common
stock. PG&E's debt securities and preferred stock were
unaffected and remain securities of PG&E. In connection with the
holding company restructuring, the members of PG&E's current
Board of Directors became directors of PG&E Corporation.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
PG&E CORPORATION
and
PACIFIC GAS AND ELECTRIC COMPANY
LESLIE H. EVERETT
By ________________________________
LESLIE H. EVERETT
Corporate Secretary
Dated: January 2, 1997
