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: November 3, 1998
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)
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Item 5. Other Events
A. Electric Industry Restructuring
1. California Voter Initiative
On November 3, 1998, an initiative on the California ballot known
as Proposition 9 was defeated by the voters, with 73.5% of the
voters against Proposition 9 and only 26.5% of the voters in
favor of Proposition 9. If it had been approved, Proposition 9
would have overturned major provisions of the electric industry
restructuring legislation passed by the California Legislature in
1996 (Assembly Bill 1890).
2. Massachusetts Referendum
Also, on November 3, 1998, 71% of the Massachusetts voters
supported a referendum to reaffirm the electric industry
restructuring legislation that was passed in Massachusetts in
1997, with only 29% voting against the referendum. If the voters
had defeated the referendum, the Massachusetts electric industry
restructuring legislation would have been repealed.
Both California's Proposition 9 and the Massachusetts referendum
have been previously discussed in the reports filed by PG&E
Corporation and its subsidiary, Pacific Gas and Electric Company,
with the Securities and Exchange Commission, and have been most
recently discussed in their Quarterly Report on Form 10-Q for the
quarter ended September 30, 1998.
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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
and
PACIFIC GAS AND ELECTRIC COMPANY
CHRISTOPHER P. JOHNS
By ------------------------------
CHRISTOPHER P. JOHNS
Vice President and Controller
(PG&E Corporation)
Vice President and Controller
(Pacific Gas and Electric Company)
Dated: November 4, 1998
