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<head>
<title>PG&amp;E&rsquo;S GRC</title>
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<p align="center">SECURITIES AND EXCHANGE COMMISSION</p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><br />
 </p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center">Washington, D.C.&nbsp; 20549</p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><br />
<br />
 </p>
</td>
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<tr>
<td colspan="4" valign="top"></td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center">FORM 8-K</p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><br />
 </p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center">CURRENT REPORT</p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><br />
 </p>
</td>
</tr>

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

<tr>
<td colspan="4" valign="top">
<p align="center"><br />
 </p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center">Date of Report: June 4, 2002</p>
</td>
</tr>

<tr>
<td colspan="4" valign="top">
<p align="center"><br />
 </p>
</td>
</tr>

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

<tr>
<td valign="top">
<p align="center"><br />
 Commission<br />
 File<br />
 Number</p>
</td>
<td valign="top">
<p align="center">Exact Name of<br />
 Registrant<br />
 as specified in<br />
 its charter</p>
</td>
<td valign="top">
<p align="center"><br />
 State or other<br />
 Jurisdiction of<br />
 Incorporation</p>
</td>
<td valign="top">
<p align="center"><br />
 IRS Employer<br />
 &nbsp; Identification<br />
 Number</p>
</td>
</tr>

<tr>
<td valign="top">
<p align="center">_____________</p>
</td>
<td valign="top">
<p align="center">_____________</p>
</td>
<td valign="top">
<p align="center">_____________</p>
</td>
<td valign="top">
<p align="center">_____________</p>
</td>
</tr>

<tr>
<td valign="top">
<p align="center">1-12609</p>

<p align="center">1-2348</p>
</td>
<td valign="top">
<p align="center">PG&amp;E Corporation</p>

<p align="center">Pacific Gas and<br />
 Electric Company</p>
</td>
<td valign="top">
<p align="center">California</p>

<p align="center">California</p>
</td>
<td valign="top">
<p align="center">94-3234914</p>

<p align="center">94-0742640</p>

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

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

<tr>
<td colspan="4" valign="top">
<p align="center">(Address of principal executive offices) (Zip
Code)</p>
</td>
</tr>

<tr>
<td valign="top">
<p align="center"><br />
 </p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr>
<td colspan="2" valign="top">
<p align="center">Pacific Gas and Electric Company<br />
 (415) 973-7000</p>
</td>
<td colspan="2" valign="top">
<p align="center">PG&amp;E Corporation<br />
 (415) 267-7000</p>
</td>
</tr>

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

<tr>
<td colspan="4" valign="top">
<p align="center">(Registrant's telephone number, including area
code)</p>
</td>
</tr>

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

<p><br />
</p>

<div align="center">
<hr size="2" width="100%" align="center" />
</div>

<p><br />
Item 5. Other Events</p>

<p>Pacific Gas and Electric Company Bankruptcy</p>

<p>Monthly Operating Report</p>

<p>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On May 30, 2002, Pacific Gas and Electric Company (Utility) filed
its monthly operating report for the month ended April 30, 2002,
with the U.S. Bankruptcy Court for the Northern District of
California (Bankruptcy Court). The Utility's monthly operating
report includes an unaudited income statement for the month and an
unaudited balance sheet dated as of the end of the month.&nbsp;
These unaudited financial statements are attached as Exhibit 99 to
this report. Although not included in Exhibit 99, the monthly
operating report also includes a statement of receipts and
disbursements, as well as other information.&nbsp; The preliminary
financial statements were prepared using certain assumptions and
estimates that are subject to revision.&nbsp; Any adjustments for
these estimates (based upon changes in facts and circumstances,
further analysis, and other factors) will be reflected in the
financial statements in the period during which such adjustments
are made.&nbsp; These adjustments could have a material impact on
reported results in the future.</p>

<p>Official Committee of Unsecured Creditors<br />
</p>

<p>As previously disclosed, on June 17, 2002, the disclosure
statements describing the Utility&rsquo;s proposed plan of
reorganization (PG&amp;E Plan) and the competing alternative
proposed plan of reorganization sponsored by the California Public
Utilities Commission (CPUC) will be mailed to creditors.&nbsp; On
May 31, 2002, the Bankruptcy Court approved the inclusion in the
solicitation package of the Official Committee of Unsecured
Creditors&rsquo; (OCC) report and recommendations regarding the
competing plans of reorganization.</p>

<p>With respect to the PG&amp;E Plan, the OCC report highlights the
critical prerequisite that the new securities proposed to be issued
achieve investment grade status, and their belief that this may be
successfully achieved.&nbsp; The OCC report also mentions the
objections that will likely be raised by the CPUC during
confirmation involving preemption of certain state laws.&nbsp;
Lastly, the OCC report states that if the PG&amp;E Plan is
confirmed it will likely face legal challenge from the CPUC and the
State of California.</p>

<p>With respect to the CPUC plan, the OCC report states that the
CPUC has failed to convince the OCC that the reorganized Utility
will achieve investment grade status under the alternate
plan.&nbsp; The report also states that while the CPUC has asserted
in its disclosure statement that the reorganized Utility will be
regulated in a way to allow it to recover reasonable, prudently
incurred costs and will have an opportunity to earn a reasonable
rate of return, the CPUC has failed to accept the OCC&rsquo;s
suggestions concerning objective mechanisms to address their
concerns regarding these issues.&nbsp; These two uncertainties
cause the OCC to identify as a risk whether the CPUC plan
ultimately can be financed.&nbsp;</p>

<p>The OCC report concludes with a recommendation that creditors
vote in favor of both plans, but does not take a position on a
preference vote for either plan.&nbsp; They state that the PG&amp;E
Plan is financially feasible, but faces significant delays because
of potential legal challenges.&nbsp;&nbsp; They call the CPUC plan
&ldquo;simpler than the PG&amp;E Plan&rdquo;, but state that it may
not be financeable and also faces litigation delay.&nbsp;</p>

<p>The OCC stated that it will continue to represent and protect
the interests of creditors and seek a consensual resolution of the
disputes between the proponents of the PG&amp;E Plan and the CPUC
plan.</p>

<p>Item 7. Financial Statements, Pro Forma Financial Information,
and Exhibits<br />
</p>

<p>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Exhibit 99 - Pacific Gas and Electric Company Income Statement for
the month ended April 30, 2002, and Balance Sheet dated April 30,
2002.</p>

<br clear="all" />


<p><br />
</p>

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

<p>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.</p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>PG&amp;E CORPORATION<br />
 </p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>By:&nbsp; CHRISTOPHER P. JOHNS</p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>
&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></p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHRISTOPHER P.
JOHNS<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President
and Controller<br />
<br />
 </p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top"></td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>PACIFIC GAS AND ELECTRIC COMPANY<br />
 </p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>By:&nbsp;&nbsp;DINYAR B. MISTRY</p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>&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></p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DINYAR B. MISTRY<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Controller</p>
</td>
</tr>
</table>

<p>Dated:&nbsp; June 4, 2002</p>
</div>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "final604.htm", "description": "FORM 8-K", "secsgml_size_bytes": 10370}]
{"company-data": {"conformed-name": "PG&E CORP", "cik": "0001004980", "assigned-sic": "4931", "irs-number": "943234914", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12609", "film-number": "02670008"}, "business-address": {"street1": "ONE MARKET SPEAR TOWER", "street2": "SUITE 2400", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105", "phone": "4152677000"}, "mail-address": {"street1": "ONE MARKET SPEAR TOWER", "street2": "SUITE 2400", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105"}, "former-company": {"former-conformed-name": "PG&E PARENT CO INC", "date-changed": "19951214"}}
PG&E'S GRC
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: June 4, 2002
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
Pacific Gas and Electric Company Bankruptcy
Monthly Operating Report
On May 30, 2002, Pacific Gas and Electric Company (Utility) filed
its monthly operating report for the month ended April 30, 2002,
with the U.S. Bankruptcy Court for the Northern District of
California (Bankruptcy Court). The Utility's monthly operating
report includes an unaudited income statement for the month and an
unaudited balance sheet dated as of the end of the month. 
These unaudited financial statements are attached as Exhibit 99 to
this report. Although not included in Exhibit 99, the monthly
operating report also includes a statement of receipts and
disbursements, as well as other information.  The preliminary
financial statements were prepared using certain assumptions and
estimates that are subject to revision.  Any adjustments for
these estimates (based upon changes in facts and circumstances,
further analysis, and other factors) will be reflected in the
financial statements in the period during which such adjustments
are made.  These adjustments could have a material impact on
reported results in the future.
Official Committee of Unsecured Creditors
As previously disclosed, on June 17, 2002, the disclosure
statements describing the Utility's proposed plan of
reorganization (PG&E Plan) and the competing alternative
proposed plan of reorganization sponsored by the California Public
Utilities Commission (CPUC) will be mailed to creditors.  On
May 31, 2002, the Bankruptcy Court approved the inclusion in the
solicitation package of the Official Committee of Unsecured
Creditors' (OCC) report and recommendations regarding the
competing plans of reorganization.
With respect to the PG&E Plan, the OCC report highlights the
critical prerequisite that the new securities proposed to be issued
achieve investment grade status, and their belief that this may be
successfully achieved.  The OCC report also mentions the
objections that will likely be raised by the CPUC during
confirmation involving preemption of certain state laws. 
Lastly, the OCC report states that if the PG&E Plan is
confirmed it will likely face legal challenge from the CPUC and the
State of California.
With respect to the CPUC plan, the OCC report states that the
CPUC has failed to convince the OCC that the reorganized Utility
will achieve investment grade status under the alternate
plan.  The report also states that while the CPUC has asserted
in its disclosure statement that the reorganized Utility will be
regulated in a way to allow it to recover reasonable, prudently
incurred costs and will have an opportunity to earn a reasonable
rate of return, the CPUC has failed to accept the OCC's
suggestions concerning objective mechanisms to address their
concerns regarding these issues.  These two uncertainties
cause the OCC to identify as a risk whether the CPUC plan
ultimately can be financed.
The OCC report concludes with a recommendation that creditors
vote in favor of both plans, but does not take a position on a
preference vote for either plan.  They state that the PG&E
Plan is financially feasible, but faces significant delays because
of potential legal challenges.   They call the CPUC plan
"simpler than the PG&E Plan", but state that it may
not be financeable and also faces litigation delay.
The OCC stated that it will continue to represent and protect
the interests of creditors and seek a consensual resolution of the
disputes between the proponents of the PG&E Plan and the CPUC
plan.
Item 7. Financial Statements, Pro Forma Financial Information,
and Exhibits
Exhibit 99 - Pacific Gas and Electric Company Income Statement for
the month ended April 30, 2002, and Balance Sheet dated April 30,
2002.
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:  June 4, 2002