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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )
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PACIFIC GAS AND ELECTRIC COMPANY
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(Name of Issuer)
5% Non-Redeemable Preferred
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(Title of Class of Securities)
694308-40-4
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following pages(s))
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SCHEDULE 13G
CUSIP NO. 694308-40-4
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1) Name of Reporting Person The Travelers Indemnity Company
S.S. or I.R.S Identification 06-0566050
No. of Above Person
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2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Connecticut
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 20,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 20,000
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 20,000
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 5.0%
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12) Type of Reporting Person IC
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 694308-40-4
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1) Name of Reporting Person Travelers/Aetna Property Casualty Corp.
S.S. or I.R.S Identification 06-1445591
No. of Above Person
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2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 20,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 20,000
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 20,000
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 5.0%
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12) Type of Reporting Person IC
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 694308-40-4
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1) Name of Reporting Person The Travelers Insurance Group Inc.
S.S. or I.R.S Identification 06-1008174
No. of Above Person
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2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Connecticut
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 20,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 20,000
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 20,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 5.0%
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12) Type of Reporting Person HC
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 694308-40-4
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1) Name of Reporting Person PFS Services, Inc.
S.S. or I.R.S Identification 58-1708749
No. of Above Person
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2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
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3) SEC Use Only
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4) Citizenship or Place of Organization Georgia
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 20,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 20,000
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 20,000
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 5.0%
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12) Type of Reporting Person HC
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 694308-40-4
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1) Name of Reporting Person Associated Madison Companies, Inc.
S.S. or I.R.S Identification 13-3140258
No. of Above Person
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2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 20,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 20,000
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 20,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 5.0%
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12) Type of Reporting Person CO
(See Instructions)
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SCHEDULE 13G
CUSIP NO. 694308-40-4
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1) Name of Reporting Person Travelers Group Inc.
S.S. or I.R.S Identification 52-1568099
No. of Above Person
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2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 24,591
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 24,591
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 24,591
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10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 6.1%
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12) Type of Reporting Person HC
(See Instructions)
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Item 1(a) Name of Issuer:
PACIFIC GAS AND ELECTRIC COMPANY
Item 1(b) Address of Issuer's Principal Executive Offices:
77 Beale Street
P. O. Box 770000
San Francisco, CA 94177
Item 2(a) Names of Persons Filing:
The Travelers Indemnity Company ("Indemnity")
Travelers/Aetna Property Casualty Corp. ("TAP")
The Travelers Insurance Group, Inc. ("Group")
PFS Services, Inc. ("PFS")
Associated Madison Companies, Inc. ("AMAD")
Travelers Group Inc. (formerly The Travelers Inc.) ("TRV")
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of each of Indemnity,
TAP and Group is:
One Tower Square
Hartford, CT 06183
The address of the principal business of PFS is:
3120 Breckinridge Blvd.
Duluth, Georgia 30199-0001
The address of the principal business office of AMAD and TRV is:
388 Greenwich St.
New York, NY 10013
Item 2(c) Citizenship:
Indemnity and Group are Connecticut corporations.
PFS is a Georgia Corporation
TAP, AMAD and TRV are Delaware corporations.
Item 2(d) Title of Class of Securities:
5% Non-Redeemable Preferred
Item 2(e) CUSIP Number:
694308-40-4
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Sec. 15 of the Act
(b) [ ] Bank as defined in Sec. 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Sec. 3(a)(19) of the Act
(d) [ ] Investment Company registered under Sec. 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under Sec. 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see
Sec. 240.13d-1(b)(1)(ii)(F)
(g) [ X ] Parent Holding Company, in accordance with Sec. 240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (as of December 31, 1996)
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Items 5-8 of cover pages
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Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
TAP is the sole stockholder of Indemnity; Group is the majority
stockholder of TAP; PFS is the sole stockholder of Group;
AMAD is the sole stockholder of PFS; and TRV is the sole
stockholder of AMAD
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
<PAGE>
Item 10. Certification
By signing below I certify that, to the best of my knowledge, the
securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: January 28, 1997
The Travelers Indemnity Company
By: /s/ Marla A. Berman
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Name: Marla A. Berman
Title: Assistant Secretary
Travelers/Aetna Property Casualty Corp.
By: /s/ Shelley J. Dropkin
-----------------------------
Name: Shelley J. Dropkin
Title: Assistant Secretary
The Travelers Insurance Group Inc.
By: /s/ Charles J. Gallo, Jr.
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Name: Charles J. Gallo, Jr.
Title: Assistant Controller
PFS SERVICES, INC.
By: /s/ Charles J. Gallo, Jr.
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Name: Charles J. Gallo, Jr.
Title: Vice-President and Controller
Associated Madison Companies, Inc.
By: /s/ Charles J. Gallo, Jr.
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Name: Charles J. Gallo, Jr.
Title: Vice-President and Controller
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
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Name: Charles J. Gallo, Jr.
Title: Assistant Controller
<PAGE>
EXHIBIT INDEX TO SCHEDULE 13G
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EXHIBIT 1
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Agreement among Indemnity, TAP,
Group, PFS, AMAD and TRV
as to joint filing of
Schedule 13G
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EXHIBIT 1
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AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
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Each of the undersigned hereby affirms that it is individually eligible to use
Schedule 13G, and agrees that this Schedule 13G is filed on its behalf.
Date: January 28, 1997
The Travelers Indemnity Company
By: /s/ Marla A. Berman
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Name: Marla A. Berman
Title: Assistant Secretary
Travelers/Aetna Property Casualty Corp.
By: /s/ Shelley J. Dropkin
-----------------------------
Name: Shelley J. Dropkin
Title: Assistant Secretary
The Travelers Insurance Group, Inc.
By: /s/ Charles J. Gallo, Jr.
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Name: Charles J. Gallo, Jr.
Title: Assistant Controller
PFS SERVICES, INC.
By: /s/ Charles J. Gallo, Jr.
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Name: Charles J. Gallo, Jr.
Title: Vice-President and Controller
Associated Madison Companies, Inc.
By: /s/ Charles J. Gallo, Jr.
---------------------------
Name: Charles J. Gallo, Jr.
Title: Vice-President and Controller
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
---------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
