<html>
<head>
<title>PG&amp;E Corporation and Pacific Gas and Electric
Company</title>
</head>
<body>
<div>
<table border="0" cellspacing="0" cellpadding="0" width="644">
<tr>
<td colspan="4" valign="top">
<p align="center"><font size="2" face="Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><font size="2" face="Times New Roman">Washington,
D.C.&nbsp; 20549</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><font size="2" face="Times New Roman">FORM
8-K</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><font size="2" face="Times New Roman">CURRENT
REPORT</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><font size="2" face="Times New Roman">Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of
1934</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><font size="2" face="Times New Roman">Date of
Report: April 18, 2003</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman"><br />
 Commission<br />
 File<br />
 Number</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">Exact Name of<br />
 Registrant<br />
 as specified in<br />
 its charter</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman"><br />
 State or other<br />
 Jurisdiction of<br />
 Incorporation</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman"><br />
 IRS Employer<br />
 &nbsp; Identification<br />
 Number</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">_____________</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">_____________</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">_____________</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">_____________</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">1-12609</font></p>

<p><font size="2" face="Times New Roman">1-2348</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">PG&amp;E
Corporation</font></p>

<p><font size="2" face="Times New Roman">Pacific Gas and<br />
 Electric Company</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">California</font></p>

<p><font size="2" face="Times New Roman">California</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">94-3234914</font></p>

<p><font size="2" face="Times New Roman">94-0742640</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">Pacific Gas and Electric
Company<br />
 77 Beale Street, P. O. Box 770000<br />
 San Francisco, California&nbsp;&nbsp;94177</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">PG&amp;E Corporation<br />
 One Market, Spear Tower, Suite 2400<br />
 San Francisco, California&nbsp;&nbsp;94105</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p><font size="2" face="Times New Roman">(Address of principal
executive offices) (Zip Code)</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">Pacific Gas and Electric
Company<br />
 (415) 973-7000</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">PG&amp;E Corporation<br />
 (415) 267-7000</font></p>
</td>
</tr>

<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p><font size="2" face="Times New Roman">(Registrant's telephone
number, including area code)</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>
</table>

<div align="center"><font size="3" face="Times New Roman"></font>
<hr size="2" width="100%" align="center" />
</div>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td colspan="2" valign="top"></td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">Item 5. Other
Events</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">A.</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">Pacific Gas and Electric
Company's General Rate Case Proceeding</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face=
"Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font size="2">On April 11, 2003, the California Public Utilities
Commission&rsquo;s (CPUC) Office of Ratepayer Advocates (ORA)
provided to Pacific Gas and Electric Company (Utility) and other
parties the ORA's report on the Utility&rsquo;s Test Year 2003
General Rate Case (GRC) application pending before the CPUC.&nbsp;
In its report, the ORA recommends an increase of $170 million in
electric base revenues compared to the Utility&rsquo;s request for
an increase of $447 million, and an increase in gas base revenues
of $3.7 million compared to the Utility&rsquo;s request for an
increase of $105 million over the current authorized amounts.&nbsp;
The ORA also recommends a decrease of $2 million in revenue
requirements for utility retained generation compared to the
Utility&rsquo;s requested increase of $149 million.</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face=
"Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font size="2">Although PG&amp;E Corporation and the Utility are
still in the process of reviewing the ORA&rsquo;s report, from an
initial review, it appears that the two largest components of the
difference are administrative and general (A&amp;G) expenses, which
comprise 35% of the total difference, and depreciation expenses,
which comprise 23% of the total difference.&nbsp; With respect to
A&amp;G expenses, the ORA recommends rejection of the
Utility&rsquo;s request for pension fund contributions, reduction
of certain employee incentive payments, and disallowance of certain
allocated holding company costs, resulting in an A&amp;G forecast
of $188 million less in A&amp;G expenses than the Utility&rsquo;s
estimate.&nbsp; With respect to the $123 million difference between
the Utility&rsquo;s and the ORA&rsquo;s estimates for depreciation
expenses, the primary difference is due to the ORA&rsquo;s
rejection of the Utility&rsquo;s request for higher electric
depreciation rates.&nbsp; The Utility proposed the higher
depreciation rates to reflect the increased costs to remove and
dispose of aging utility distribution infrastructure.</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face=
"Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font size="2">The remainder of the difference between the
ORA&rsquo;s and the Utility&rsquo;s 2003 forecasts is composed
primarily of lower estimates of various operating and maintenance
expenses.</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face=
"Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font size="2">The ORA supports the Utility&rsquo;s request for an
attrition revenue adjustment for 2004 and 2005 and supports the
Utility&rsquo;s proposed methodology for calculating the amount of
the attrition revenue adjustment in those years.&nbsp;</font> <font
size="2">This attrition methodology provides for an increase in
revenues based on forecast inflation increasing the Utility's
expenses, and forecast capital expenditures increasing the
Utility's rate base.&nbsp; Although the Utility and the ORA agree
on methodology, the</font> <font size="2">proposed attrition
amounts differ because the ORA uses its lower estimates of 2003
expense and capital expenditures in its calculation.</font><b><font
size="2" color="black" face="Arial">&nbsp;</font></b> <font size=
"2">For electric distribution, the Utility&rsquo;s illustrative
calculations showed that the attrition methodology would result in
increases in the Utility&rsquo;s base revenues of $64 million and
$85 million in 2004 and 2005.&nbsp; The ORA&rsquo;s illustrative
calculations showed increases of $58 million and $83 million.&nbsp;
For gas distribution, the Utility&rsquo;s illustrative calculations
showed that the attrition methodology would result in increases in
the Utility&rsquo;s base revenues of $26 million and $32 million in
2004 and 2005.&nbsp; The ORA&rsquo;s illustrative calculations
showed increases of $23 million and $29
million.<b>&nbsp;</b></font> <font size="2">The illustrative
calculations are based on current forecasts of inflation; the
actual attrition revenue adjustment is based on updated forecasts
of inflation prior to the year in which the adjustment becomes
effective.</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face=
"Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font size="2">In addition, the ORA has recommended that the
Utility&rsquo;s next test year general rate case be delayed until
2007, rather than 2006, and that the Utility file an attrition
revenue adjustment request for 2006 in addition to 2004 and 2005.
The ORA states that its suggested schedule will enable the CPUC to
stagger the Utility&rsquo;s and Southern California Edison&rsquo;s
general rate case proceedings to facilitate the processing of each
utility&rsquo;s general rate case.&nbsp; The ORA points out that a
decision in the Utility&rsquo;s 2003 GRC is not expected until
early 2004, only six months before the Utility would be expected to
file its Notice of Intent for a 2006 test year.</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face=
"Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font size="2">The GRC schedule calls for evidentiary hearings to
take place before an administrative law judge during the summer of
2003.&nbsp; A proposed decision by the administrative law judge is
scheduled to be issued in December 2003. Although a final decision
is not scheduled to be issued by the full CPUC until February 2004,
the CPUC previously has ruled that any revenue requirement change
will be effective January&nbsp;1, 2003.</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face=
"Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font size="2">The CPUC may accept all, part, or none of the ORA's
recommendations.&nbsp; The Utility cannot predict the amount of
base revenue increase or decrease the CPUC will ultimately
approve.&nbsp; In the event of an adverse decision by the CPUC, and
if the Utility is unable to lower expenses to conform to the base
revenue amounts adopted by the CPUC while maintaining safety and
system reliability standards, the ability of the Utility to earn
its authorized rate of return for the years 2003 through 2006 would
be adversely affected.&nbsp;&nbsp;</font></p>
</td>
</tr>
</table>

<p><font size="3" face="Times New Roman"></font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top"></td>
</tr>

<tr>
<td valign="top">
<p align="center"><font size="2" face=
"Times New Roman">SIGNATURE</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">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.</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
</tr>
</table>

<p><font size="3" face="Times New Roman"></font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">PG&amp;E
CORPORATION</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">By:&nbsp; CHRISTOPHER P.
JOHNS</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHRISTOPHER
P. JOHNS<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President
and Controller</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr height="53">
<td height="53" valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="53" valign="top">
<p><font size="2" face="Times New Roman">PACIFIC GAS AND ELECTRIC
COMPANY</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">By:&nbsp;&nbsp;DINYAR B.
MISTRY</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp; &nbsp;
<u>&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DINYAR B.
MISTRY</font></p>

<p><font size="2" face=
"Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and
Controller</font></p>
</td>
</tr>
</table>

<p><font size="2" face="Times New Roman">Dated:&nbsp; April 18,
2003</font></p>
</div>
</body>
</html>
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{"company-data": {"conformed-name": "PACIFIC GAS & ELECTRIC CO", "cik": "0000075488", "assigned-sic": "4931", "irs-number": "940742640", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-02348", "film-number": "03656264"}, "business-address": {"street1": "77 BEALE ST", "street2": "P O BOX 770000", "city": "SAN FRANCISCO", "state": "CA", "zip": "94177", "phone": "4152677000"}, "mail-address": {"street1": "77 BEALE STREET", "street2": "P O BOX 770000", "city": "SAN FRANCISCO", "state": "CA", "zip": "94177"}}
PG&E Corporation and Pacific Gas and Electric
Company
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: April 18, 2003
Commission
File
Number
Exact Name of
Registrant
as specified in
its charter
State or other
Jurisdiction of
Incorporation
IRS Employer
Identification
Number
_____________
_____________
_____________
_____________
1-12609
1-2348
PG&E
Corporation
Pacific Gas and
Electric Company
California
California
94-3234914
94-0742640
Pacific Gas and Electric
Company
77 Beale Street, P. O. Box 770000
San Francisco, California  94177
PG&E Corporation
One Market, Spear Tower, Suite 2400
San Francisco, California  94105
(Address of principal
executive offices) (Zip Code)
Pacific Gas and Electric
Company
(415) 973-7000
PG&E Corporation
(415) 267-7000
(Registrant's telephone
number, including area code)
Item 5. Other
Events
A.
Pacific Gas and Electric
Company's General Rate Case Proceeding
On April 11, 2003, the California Public Utilities
Commission's (CPUC) Office of Ratepayer Advocates (ORA)
provided to Pacific Gas and Electric Company (Utility) and other
parties the ORA's report on the Utility's Test Year 2003
General Rate Case (GRC) application pending before the CPUC. 
In its report, the ORA recommends an increase of $170 million in
electric base revenues compared to the Utility's request for
an increase of $447 million, and an increase in gas base revenues
of $3.7 million compared to the Utility's request for an
increase of $105 million over the current authorized amounts. 
The ORA also recommends a decrease of $2 million in revenue
requirements for utility retained generation compared to the
Utility's requested increase of $149 million.
Although PG&E Corporation and the Utility are
still in the process of reviewing the ORA's report, from an
initial review, it appears that the two largest components of the
difference are administrative and general (A&G) expenses, which
comprise 35% of the total difference, and depreciation expenses,
which comprise 23% of the total difference.  With respect to
A&G expenses, the ORA recommends rejection of the
Utility's request for pension fund contributions, reduction
of certain employee incentive payments, and disallowance of certain
allocated holding company costs, resulting in an A&G forecast
of $188 million less in A&G expenses than the Utility's
estimate.  With respect to the $123 million difference between
the Utility's and the ORA's estimates for depreciation
expenses, the primary difference is due to the ORA's
rejection of the Utility's request for higher electric
depreciation rates.  The Utility proposed the higher
depreciation rates to reflect the increased costs to remove and
dispose of aging utility distribution infrastructure.
The remainder of the difference between the
ORA's and the Utility's 2003 forecasts is composed
primarily of lower estimates of various operating and maintenance
expenses.
The ORA supports the Utility's request for an
attrition revenue adjustment for 2004 and 2005 and supports the
Utility's proposed methodology for calculating the amount of
the attrition revenue adjustment in those years.
This attrition methodology provides for an increase in
revenues based on forecast inflation increasing the Utility's
expenses, and forecast capital expenditures increasing the
Utility's rate base.  Although the Utility and the ORA agree
on methodology, the
proposed attrition
amounts differ because the ORA uses its lower estimates of 2003
expense and capital expenditures in its calculation.
For electric distribution, the Utility's illustrative
calculations showed that the attrition methodology would result in
increases in the Utility's base revenues of $64 million and
$85 million in 2004 and 2005.  The ORA's illustrative
calculations showed increases of $58 million and $83 million. 
For gas distribution, the Utility's illustrative calculations
showed that the attrition methodology would result in increases in
the Utility's base revenues of $26 million and $32 million in
2004 and 2005.  The ORA's illustrative calculations
showed increases of $23 million and $29
million.
The illustrative
calculations are based on current forecasts of inflation; the
actual attrition revenue adjustment is based on updated forecasts
of inflation prior to the year in which the adjustment becomes
effective.
In addition, the ORA has recommended that the
Utility's next test year general rate case be delayed until
2007, rather than 2006, and that the Utility file an attrition
revenue adjustment request for 2006 in addition to 2004 and 2005.
The ORA states that its suggested schedule will enable the CPUC to
stagger the Utility's and Southern California Edison's
general rate case proceedings to facilitate the processing of each
utility's general rate case.  The ORA points out that a
decision in the Utility's 2003 GRC is not expected until
early 2004, only six months before the Utility would be expected to
file its Notice of Intent for a 2006 test year.
The GRC schedule calls for evidentiary hearings to
take place before an administrative law judge during the summer of
2003.  A proposed decision by the administrative law judge is
scheduled to be issued in December 2003. Although a final decision
is not scheduled to be issued by the full CPUC until February 2004,
the CPUC previously has ruled that any revenue requirement change
will be effective January 1, 2003.
The CPUC may accept all, part, or none of the ORA's
recommendations.  The Utility cannot predict the amount of
base revenue increase or decrease the CPUC will ultimately
approve.  In the event of an adverse decision by the CPUC, and
if the Utility is unable to lower expenses to conform to the base
revenue amounts adopted by the CPUC while maintaining safety and
system reliability standards, the ability of the Utility to earn
its authorized rate of return for the years 2003 through 2006 would
be adversely affected.
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
By:  CHRISTOPHER P.
JOHNS
CHRISTOPHER
P. JOHNS
Senior Vice President
and Controller
PACIFIC GAS AND ELECTRIC
COMPANY
By:  DINYAR B.
MISTRY
DINYAR B.
MISTRY
Vice President and
Controller
Dated:  April 18,
2003