PRICING SUPPLEMENT NUMBER: 38 DATED: 03/31/94
(To Prospectus Supplement Dated File No. 33-64136
October 25, 1993 and Prospectus Rule 424(b)(2)
Dated October 25, 1993)
Pacific Gas and Electric Company
Medium-Term Notes, Series D
(Fixed Rate)
Book-Entry Note: X Certificated Note:
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Issue Price (As Percentage of Principal Amount): 100.000%
Net Proceeds (As Percentage of Principal Amount): 99.400%
Original Issue Date: 04/08/1994 Redemption Date(s): NA
Maturity Date: 04/08/2004 Redemption Price(s): NA
Principal Amount: $7,000,000 Repayment Date(s): NA
Interest Rate: 7.400% Repayment Price(s): NA
Specified Currency: NA Total Amount of OID: NA
Exchange Rate Agent: NA
CUSIP Number: 69430T JL 6
Selling Agent: GOLDMAN, SACHS & CO.
Agent's Commission*: $42,000
Original Issue Discount Note: Yes X No
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Option to Elect Payment in Specified Currency (only applicable if
Specified Currency is other than United States Dollars):
Yes X No
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Authorized Denominations (only applicable if Specified Currency is
other than United States Dollars):
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Additional Terms
* A portion of the Agent's commission may be allowed to certain
brokers and/or dealers for their participation in the sale of
the Note.
