PG&E CORP
S-8 POS, 1999-06-16
ELECTRIC & OTHER SERVICES COMBINED
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As filed with the Securities and Exchange Commission on June 16, 1999
                                        Registration No. 333-33657-99
  =================================================================
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                POST-EFFECTIVE AMENDMENT NO. 1 TO
                            FORM S-8
                     REGISTRATION STATEMENT
                              Under
                   THE SECURITIES ACT OF 1933

                        PG&E CORPORATION
     (Exact name of registrant as specified in its charter)

        California                    94-3234914
(State or other jurisdiction        (I.R.S. Employer Identification No.)
of incorporation or organization)

           One Market, Spear Street Tower, Suite 2400
                 San Francisco, California 94105
       (Address of principal executive offices) (zip code)

   PG&E GAS TRANSMISSION, TEXAS CORPORATION SAVINGS FUND PLAN
                     (Full title of the Plan)

                      Gary P. Encinas, Esq.
                     One Market, Spear Tower
                            Suite 400
                 San Francisco, California 94105
             (Name and address of agent for service)

Telephone number, including area code, of agent for service:
                        (415) 817-8201

<PAGE>

The PG&E Gas Transmission, Texas Corporation Savings Fund Plan
has been merged into the PG&E Corporation Retirement Savings Plan
effective May 1, 1999.  This Post-Effective Amendment No. 1 to
Registration Statement No. 333-33657 is being filed solely to
deregister 982,952 unsold shares of PG&E Corporation common
stock, and an indeterminate amount of corresponding plan
interests, previously registered for offer and sale to the
participants in the PG&E Gas Transmission, Texas Corporation
Savings Fund Plan.

<PAGE>
                           SIGNATURES

     The Registrant.  Pursuant to the requirements of the
Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Post-
effective Amendment No. 1 to Registration Statement No. 333-33657
to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City and County of San Francisco, State of
California, on the 15th day of June, 1999.

                                   PG&E CORPORATION
                                     (Registrant)

                                        GARY P. ENCINAS
                                   By ---------------------------
                                        Gary P. Encinas
                                        Attorney-in-Fact


     Pursuant to the requirements of the Securities Act of 1933,
this Post-effective Amendment No. 1 to Registration Statement No.
333-33657 has been signed by the following persons in the
capacities indicated and on the dates indicated.

          Signatures               Title             Date

A.   Principal Executive
     Officer

     *ROBERT D. GLYNN, JR.   Chairman of the     June 15, 1999
                             Board, President,
                             and Chief
                             Executive Officer

B.   Principal Financial
      Officer

     **MICHAEL E. RESCOE    Senior Vice President
                            and Chief Financial  June 15, 1999
                              Officer

C.   Controller or
     Principal Accounting
     Officer

     *CHRISTOPHER P. JOHNS  Vice President
                            and Controller       June 15, 1999

D.        Directors                              June 15, 1999

          *ROBERT D. GLYNN, JR.  )
          *RICHARD A. CLARKE     )
          *H. M. CONGER          )
          *MARY S. METZ          )

<PAGE>

          *JOHN C. SAWHILL       )
          *WILLIAM S. DAVILA     )
          *REBECCA Q. MORGAN     )
          *DAVID A. COULTER      )Directors
          *C. LEE COX            )
          *RICHARD B. MADDEN     )
          *BARRY LAWSON WILLIAMS )
          *DAVID M. LAWRENCE     )
          *CARL E. REICHARDT     )

          GARY P. ENCINAS
* By ------------------------------
          (Gary P. Encinas,
          Attorney-in-Fact Pursuant to Securities and Exchange
          Commission Rule 478, and Powers of Attorney filed as
          Exhibit 24.1 to Registration Statement No. 333-33657)

          GARY P. ENCINAS
** By ------------------------------
          (Gary P. Encinas,
          Attorney-in-Fact Pursuant to Power of Attorney filed as
          Exhibit 24 to this Post-Effective Amendment No. 1)


      The Plan.  Pursuant to the requirements of the Securities
Act of 1933, the administrator of the Plan listed below has duly
caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City and
County of San Francisco, State of California, on the 15th day of
June, 1999.



                         PG&E CORPORATION RETIREMENT SAVINGS PLAN
                         AS SUCCEESOR TO THE PG&E GAS
                         TRANSMISSION, TEXAS CORPORATION SAVINGS
                         FUND PLAN


                           By  BRUCE R. WORTHINGTON
                              ----------------------
                              Bruce R. Worthington
                              Chairman, Employee Benefit Committee

<PAGE>

                          EXHIBIT INDEX

     Exhibit No.         Description


     24             Power of Attorney of Michael E. Rescoe,
                    Senior Vice President and Chief Financial
                    Officer of PG&E Corporation


















                      POWER OF ATTORNEY                  EXHIBIT 24

          MICHAEL E. RESCOE, the undersigned, Senior Vice

President, Chief Financial Officer, and Treasurer of PG&E

Corporation, hereby constitutes and appoints LESLIE H.

EVERETT, LINDA Y.H. CHENG, WONDY S. LEE, ERIC MONTIZAMBERT,

GARY P. ENCINAS, JOHN E. FORD, and KATHLEEN HAYES, and each

of them, as his attorneys in fact with full power of

substitution to sign and file with the Securities and

Exchange Commission in his capacity as Senior Vice

President, Chief Financial Officer, and Treasurer (principal

financial officer) of said corporation one or more post-

effective amendments to the Registration Statement on Form S-

8 relating to the PG&E Gas Transmission, Texas Corporation

Savings Fund Plan (No. 333-33657) and any and all other

filings or documents related thereto, and hereby ratifies

all that said attorneys in fact or any of them may do or

cause to be done by virtue hereof.

     IN WITNESS WHEREOF, I have signed these presents this

21st day of April 1999.


                      MICHAEL E. RESCOE
                      -----------------
                      Michael E. Rescoe























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