PG&E CORP
11-K, 2000-06-28
ELECTRIC & OTHER SERVICES COMBINED
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<PAGE>

     As filed with the Securities and Exchange Commission on June 28, 2000

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM 11-K


              [X]  ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                  For the fiscal year ended December 31, 1999


                                      OR


            [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                        Commission file number 33-50601


     A.   Full title of the plan and the address of the plan, if different from
that of the issuer named below:

          Pacific Gas and Electric Company
          Savings Fund Plan - Part II


     B.   Name of issuer of the securities held pursuant to the Plan and the
address of its principal executive office:

          PG&E Corporation
          77 Beale Street
          P.O. Box 77000
          San Francisco, CA 94177
<PAGE>

                               REQUIRED INFORMATION

     1.   The Statements of Net Assets Available for Benefits of the Savings
Fund Plan Master Trust as of December 31, 1999 and 1998 and the Statements of
Changes in Net Assets Available for Benefits of the Savings Fund Plan Master
Trust for the years then ended, together with the report of Mah & Associates
LLP, independent accountants, are contained in Exhibit 1 to this Annual Report.

     2.   The Consent of Mah & Associates LLP, independent accountants, is
contained in Exhibit 2 to this Annual Report.
<PAGE>

                                  SIGNATURES

     The Plan.  Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              SAVINGS FUND PLAN FOR EMPLOYEES OF PACIFIC
                              GAS AND ELECTRIC COMPANY



Date: June 28, 2000           By: Bruce R. Worthington
                                  -------------------------------
                                  Bruce R. Worthington
                                  Chairman, Employee Benefit Committee


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