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 2, 1995
PACIFIC GAS AND ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
California 1-2348 94-0742640
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification Number)
77 Beale Street, P.O.Box 770000, San Francisco, California 94177
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(415) 973-700
Item 5. Other Events
A. General Rate Case
On October 31, 1995, the assigned Administrative Law Judge (ALJ) issued
a proposed decision in the Company's 1996 general rate case (GRC)
recommending decreases in annual electric and gas revenues of $293
million and $253 million, respectively. Together, these proposed
decreases would reduce annual electric and gas revenues by a total of
$546 million from the revenues produced in rates in effect at
December 31, 1995. The proposed decision incorporates the $44 million
electric and the $14 million gas revenue decreases adopted in the
proposed ALJ decision in the Company's cost of capital proceeding. If
adopted, the proposed decision would result in electric and gas system
average rate decreases of 3.7% and 11.3%, respectively. In its GRC
application, the Company had requested decreases in annual electric and
gas revenues of $129 million and $204 million, representing electric and
gas system average rate decreases of 1.6% and 9.1%.
Principal areas in which the ALJ's proposed decision appears to differ
significantly from the Company's request include: $50 million
attributable to escalation of the recognition of future fossil plant
decommissioning costs; $6 million for prefunding nuclear decommissioning
costs; $24 million for pension contributions; $14 million for the
prefunding of postretirement medical and long-term disability benefits;
$28 million for marketing expenses; and $35 million for salary,
incentive awards and associated payroll taxes. These amounts which
represent combined electric and gas revenues are preliminary estimates,
and do reflect allocations, where applicable, to rate base, Diablo
Canyon and the pipeline expansion project.
The Company will file its comments on the proposed decision on or about
November 20. A final GRC decision is expected by the end of 1995, to be
effective January 1, 1996.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
PACIFIC GAS AND ELECTRIC COMPANY
BRUCE R. WORTHINGTON
By ________________________________
BRUCE R. WORTHINGTON
Senior Vice President and
General Counsel
Dated: November 2, 1995
