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: October 21, 1998
Exact Name of
Commission Registrant State or other IRS Employer
File as specified Jurisdiction of Identification
Number in its charter Incorporation Number
- ----------- -------------- --------------- --------------
1-12609 PG&E Corporation California 94-3234914
1-2348 Pacific Gas and California 94-0742640
Electric Company
Pacific Gas and Electric Company PG&E Corporation
77 Beale Street, P.O. Box 770000 One Market, Spear Tower, Suite 2400
San Francisco, California 94177 San Francisco, California 94105
(Address of principal executive offices) (Zip Code)
Pacific Gas and Electric Company PG&E Corporation
(415) 973-7000 (415) 267-7000
(Registrant's telephone number, including area code)
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Item 5. Other Events
A. Third Quarter 1998 Consolidated Earnings (unaudited)
On October 21, 1998, PG&E Corporation reported earnings per
common share of $.55 for the three months ended September 30,
1998. Financial results for the three months ended September 30,
1998 are shown below:
Three Months Ended September 30, 1998
=================================================================
(unaudited)(1)
Earnings Per Common Share:
Pacific Gas and Electric Company (Utility) $ 0.53
Unregulated Business Operations(2) 0.02
-------
PG&E Corporation $ 0.55
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(1) In the opinion of management, the unaudited financial
information presented above reflects all adjustments to date
which are necessary to present a fair statement of earnings per
common share for the period. This information should be read in
conjunction with the 1997 Consolidated Financial Statements and
Notes to Consolidated Financial Statements incorporated by
reference in the Annual Report on Form 10-K for PG&E Corporation
and Pacific Gas and Electric Company, and the Consolidated
Financial Statements and Notes to Consolidated Financial
Statements in the Quarterly Report on Form 10-Q for the quarters
ended March 31, 1998 and June 30, 1998 for PG&E Corporation and
Pacific Gas and Electric Company.
(2) Unregulated Business Operations includes those business
activities that are not directly regulated by the California
Public Utilities Commission, including gas transmission
operations, wholesale and retail energy services, generation of
electricity outside of California, and commodity trading.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrants have duly caused this report to be signed
on their behalf by the undersigned thereunto duly authorized.
PG&E CORPORATION
and
PACIFIC GAS AND ELECTRIC COMPANY
CHRISTOPHER P. JOHNS
By ________________________________
CHRISTOPHER P. JOHNS
Vice President and Controller
(PG&E Corporation)
Vice President and Controller
(Pacific Gas and Electric Company)
Dated: October 21, 1998
