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: July 16, 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. Second Quarter 1998 Consolidated Earnings (unaudited)
On July 15, 1998, PG&E Corporation reported earnings per common share
of $.46 for the three months ended June 30, 1998. Financial results
for the three months ended June 30, 1998 are shown below:
Three Months Ended June 30, 1998
=================================================================
(unaudited)(1)
Earnings Per Common Share:
Pacific Gas and Electric Company (Utility) $ 0.48
Unregulated Business Operations(2) (0.02)
--------
PG&E Corporation $ 0.46
=========
(1) In the opinion of management, the unaudited financial information
presented above reflects all adjustments to date which are necessary
to present a fair statement of earnings per common share for the
period. This information should be read in conjunction with the 1997
Consolidated Financial Statements and Notes to Consolidated Financial
Statements incorporated by reference in the Annual Report on Form 10-K
for PG&E Corporation and Pacific Gas and Electric Company, and the
Consolidated Financial Statements and Notes to Consolidated Financial
Statements in the Quarterly Report on Form 10-Q for the quarter ended
March 31, 1998 for PG&E Corporation and Pacific Gas and Electric
Company.
(2) Unregulated Business Operations includes those business
activities that are not directly regulated by the California Public
Utilities Commission.
<PAGE>
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: July 16, 1998
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