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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">UNITED
                  STATES</font>&#160; </div>
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                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">SECURITIES
                  AND EXCHANGE COMMISSION</font>&#160; </div>
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              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Washington,
                  D.C.&#160; 20549</font>&#160; </div>
              </td>
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              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
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                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">FORM
                  8-K</font>&#160; </div>
              </td>
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              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">CURRENT
                  REPORT</font>&#160; </div>
              </td>
            </tr>
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              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pursuant
                  to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>&#160;
                  </div>
              </td>
            </tr>
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              <td align="left" colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;&#160;&#160;&#160;</font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date
                  of Report:</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">April
                  16, 2008</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Date
                  of earliest event reported)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-FAMILY: times new roman"><font style="FONT-SIZE: 15px; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 15px; FONT-FAMILY: times new roman">PG&amp;E
                  CORPORATION</font>&#160;</font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact
                  Name of Registrant as specified in Charter)</font>&#160; </div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="33%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">California</font></font></div>
              </td>
              <td colspan="2" valign="top" width="30%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">1-12609</font></font></div>
              </td>
              <td colspan="2" valign="top" width="41%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">94-3234914</font></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="33%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
                  or other jurisdiction of incorporation)</font></div>
              </td>
              <td colspan="2" valign="top" width="30%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission
                  File Number)</font></div>
              </td>
              <td colspan="2" valign="top" width="41%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(IRS
                  Employer</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Identification
                  No.)</font></div>
              </td>
            </tr>
            <tr>
              <td colspan="2" valign="top" width="48%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td colspan="3" valign="top" width="52%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td colspan="2" valign="top" width="48%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">One
                  Market, Spear
                  Tower, Suite 2400, San Francisco, CA</font></font></div>
              </td>
              <td colspan="3" valign="top" width="52%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">94105</font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="2" valign="top" width="48%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
                  of principal executive offices)</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
              <td colspan="3" valign="top" width="52%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
                  code)</font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">415-267-7000</font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Registrant&#8217;s
                  Telephone Number, Including Area Code)</font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">N/A</font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
                  Name or Former Address, if Changed Since Last Report)</font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;</font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-SIZE: 12px; FONT-FAMILY: times new roman"><font style="FONT-SIZE: 15px; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 15px; FONT-FAMILY: times new roman">PACIFIC
                  GAS AND ELECTRIC COMPANY</font></font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact
                  Name of Registrant as specified in Charter)</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="33%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="TEXT-DECORATION: underline"><font style="DISPLAY: inline; TEXT-DECORATION: underline">California</font></font></font></div>
              </td>
              <td colspan="2" valign="top" width="30%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">1-2348</font></font></div>
              </td>
              <td colspan="2" valign="top" width="41%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">94-0742640</font></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="33%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
                  or other jurisdiction of incorporation)</font></div>
              </td>
              <td colspan="2" valign="top" width="30%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission
                  File Number)</font></div>
              </td>
              <td colspan="2" valign="top" width="41%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(IRS
                  Employer</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Identification
                  No.)</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="33%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;</font></div>
              </td>
              <td colspan="2" valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td colspan="2" valign="top" width="41%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td colspan="4" valign="top" width="82%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="TEXT-DECORATION: underline">77
                  Beale Street, P.O. Box 770000, San
                  Francisco, California</font></font><font style="TEXT-DECORATION: underline">&#160;</font></font></div>
              </td>
              <td valign="top" width="18%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;<font style="TEXT-DECORATION: underline">94177</font></font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="4" valign="top" width="82%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;</font>&#160;(Address
                  of principal executive offices)</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
              <td valign="top" width="18%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;(Zip
                  code)</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">(415)
                  973-7000</font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Registrant&#8217;s
                  Telephone Number, Including Area Code)</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">N/A</font></font></div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
                  Name or Former Address, if Changed Since Last Report)</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
            </tr>
            <tr>
              <td colspan="5" valign="top" width="100%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" colspan="5" valign="top" width="100%">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Check
                  the appropriate box below if the Form 8-K filing is intended to
                  simultaneously satisfy the filing obligation of the registrant
                  under any
                  of the following provisions (see General Instruction A.2.
                  below):</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="2%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">[&#160;]</font></div>
              </td>
              <td align="left" valign="top" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;</font></div>
              </td>
              <td align="left" valign="top" width="97%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="2%">
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              <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                  Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="2%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">[&#160;]</font></div>
              </td>
              <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="top" width="97%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(17
                  CFR 240.14d-2(b)</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="2%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">[&#160;]</font></div>
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              <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="top" width="97%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange
                  Act</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(17
                  CFR 240.13e-4(c))</font></div>
              </td>
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        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Item
        5.02.&#160;&#160;Departure of
        Directors or Certain Officers; Election of Directors; Appointment of Certain
        Officers; Compensato</font><font style="DISPLAY: inline; COLOR: #000000">ry
        Arrangements of Certain Officers</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">On
        April 16, 2008, the independent
        members of the PG&amp;E Corporation Board of Directors (Board) approved a grant
        of restricted stock units with an aggregate value of $1 million to be made
        to
        Peter A. Darbee, Chairman of the Board, Chief Executive Officer, and President
        of PG&amp;E Corporation, on the third business day following PG&amp;E
        Corporation&#8217;s release of its financial results for the quarter ended March 31,
        2008 (the "2008 RSU Grant").&#160;&#160;The number of restricted stock units
        that </font><font style="DISPLAY: inline; COLOR: #000000">Mr. </font><font style="DISPLAY: inline; COLOR: #000000">Darbee
</font><font style="DISPLAY: inline; COLOR: #000000">will
        receive will be determined based on
        the closing stock price of PG&amp;E Corporation common stock on the grant date,
        as reported on the New York Stock Exchange.&#160;&#160;These restricted stock
        units will vest on the first business </font><font style="DISPLAY: inline; COLOR: #000000">day </font><font style="DISPLAY: inline; COLOR: #000000">of
        January 2013, provided that Mr.
        Darbee is still employed by PG&amp;E Corporation or any of its affiliates on
        such date.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">Upon
        Mr.
        Darbee&#8217;s </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">(1)
        R</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">etirement
        (</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">defined
        as
        an employee&#8217;s </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">voluntary
        resignation at age 55 or older after having been employed by PG&amp;E
        Corporation or an affiliate for at </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">least
        five
        consecutive years), (2) </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">termination
        by PG&amp;E Corporation other than for cause</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">,
        </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">or
        </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">(3)
        </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">termination
        by PG&amp;E Corporation following divestiture of</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">a
        subsidiary</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">,
        </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">a
        prorated
        portion of his restricted stock units will vest immediately in accordance
        with
        the percentage of time that Mr. Darbee was employed by PG&amp;E Corporation
        during the </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">vesting
        </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">period
        </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">that
        will
        begin on the date of grant (the &#8220;Prorated Vesting Provisions&#8221;), and
        a</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">ny
        unvested units will be forfeited.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Also
        on April 16, 2008, the independent
        members of the Board approved a modification to the terms of an award of
        21, 155
        restricted shares of PG&amp;E Corporation common stock that had been granted to
        Mr. Darbee on January 2, 2007.&#160;&#160;The modification is intended to avoid
        an unintended tax consequence of the restricted stock award to Mr.
        Darbee.&#160;</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">Under
        applicable tax law, and unlike restricted stock units, restricted stock is
        considered personal property that will be taxable to the recipient when the
        shares are no longer subject to a substantial risk of forfeiture.&#160; Mr.
        Darbee reached age 55 in January 2008.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Under the Prorated
        Vesting Provisions of
        the January 2, 2007 restricted stock award, upon Mr. Darbee's
        Retirement,</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">a
        prorated
        portion of his restricted stock will vest immediately in accordance with
        the
        percentage of time that Mr. Darbee was employed by PG&amp;E Corporation during
        the vesting period </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">that
        began
        on January 2, 2007.&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Pursuant to the modification
        approved by
        the independent members of the Board, on December 31, 2008 (1) </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">8,462
</font><font style="DISPLAY: inline; COLOR: #000000">shares
        of this restricted stock</font><font style="DISPLAY: inline; COLOR: #000000">(the prorated portion
        of the
        restricted stock that would vest if Mr. Darbee were to retire on December
        31,
        2008) will vest and (2) the remaining </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">12,693
        shares of
</font><font style="DISPLAY: inline; COLOR: #000000">restricted stock will
        be
        cancelled.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">In
        lieu of the cancelled
        shares,</font>&#160;<font style="DISPLAY: inline; COLOR: #000000">on the first
        business day of January 2009, Mr. Darbee will be granted </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">12,693
</font><font style="DISPLAY: inline; COLOR: #000000">restricted
        stock units</font>&#160;<font style="DISPLAY: inline; COLOR: #000000">(the "Replacement RSU
        Grant") that will
        contain the same terms and conditions, including the Prorated Vesting
        Provisions, as had originally applied to the cancelled portion of the restricted
        stock award.&#160;&#160;The Replacement RSU Grant will have the same vesting
        date as the original award (i.e., the first business day of January
        2012).&#160;&#160;For purposes of the Prorated Vesting Provisions, the vesting
        period of the Replacement RSU Grant will begin </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">on
        the
        first business day of </font><font style="DISPLAY: inline; COLOR: #000000">January 2009.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">The
        r</font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">estricted
        stock units </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">subject
        to
        both the 2008 RSU Grant and the Replacement RSU Grant (collectively, the
&#8220;RSU
        Grants&#8221;) </font><font style="DISPLAY: inline; COLOR: #000000; FONT-FAMILY: Times New Roman">will
        vest
        immediately in full upon a </font><font style="DISPLAY: inline; COLOR: #000000">Change in Control of
        PG&amp;E
        Corporation </font><font style="DISPLAY: inline; COLOR: #000000">(as such term
        is defined in, and </font><font style="DISPLAY: inline; COLOR: #000000">subject
        to the terms of, the PG&amp;E Corporation 2006 Long</font><font style="DISPLAY: inline; COLOR: #000000">-Term Incentive Plan)
        if the restricted
        stock units are not continued or assumed in connection with the Change in
        Control</font><font style="DISPLAY: inline; COLOR: #000000">.&#160;&#160;In
        addition, </font><font style="DISPLAY: inline; COLOR: #000000">the restricted
        stock units subject to the RSU Grants will vest immediately in full upon
        </font><font style="DISPLAY: inline; COLOR: #000000">Mr. </font><font style="DISPLAY: inline; COLOR: #000000">Darbee&#8217;s
        death, disability, or
        termination of employment in connection with a Change in Control of PG&amp;E
        Corporation (assuming that the restricted stock units were continued or assumed
        in connection with the Change in Control).</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Mr.
</font><font style="DISPLAY: inline; COLOR: #000000">Darbee
        w</font><font style="DISPLAY: inline; COLOR: #000000">ill be entitled to
        receive dividend
        equivalents associated with all the restricted stock units subject to the
        RSU
        Grants.&#160;&#160;These dividend equivalents will be converted into additional
        restricted stock units that will be subject to the same vesting and other
        provisions that apply to the award under which such dividend equivalents
        are
        credited.&#160;&#160;Vested restricted stock units will be settled by the
        issuance of an equal number of shares of PG&amp;E Corporation common
        stock.</font></font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">SIGNATURE</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">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 hereunto duly
        authorized.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="middle" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="middle" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" colspan="3" valign="bottom" width="37%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">PG&amp;E
                  CORPORATION</font></font></div>
              </td>
            </tr>
            <tr>
              <td valign="middle" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td colspan="2" valign="middle" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td colspan="2" valign="middle" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Dated:
</font><font style="DISPLAY: inline; COLOR: #000000">April
                  22,
                  2008</font></font></div>
              </td>
              <td align="left" valign="bottom" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="3%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">By:</font></font></div>
              </td>
              <td align="left" valign="bottom" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;LINDA
                  Y.H.CHENG</font>&#160;</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="bottom" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="bottom" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;LINDA
                  Y.H.
                  CHENG</font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;Vice
                  President, Corporate
                  Governance</font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;and
                  Corporate
                  Secretary</font></font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="middle" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="middle" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="bottom" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" colspan="3" valign="bottom" width="37%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">PACIFIC
                  GAS AND ELECTRIC
                  COMPANY</font></font></div>
              </td>
            </tr>
            <tr>
              <td valign="middle" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">Dated:
</font><font style="DISPLAY: inline; COLOR: #000000">April
                  22,
                  2008</font></font></div>
              </td>
              <td align="left" valign="bottom" width="1%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                <div style="DISPLAY: block; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;LINDA
                  Y.H.CHENG</font>&#160;</font></div>
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                  Y.H.
                  CHENG</font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;Vice
                  President, Corporate
                  Governance</font></font></div>
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                  Corporate
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pgecorp8k042208.htm
UNITED
                  STATES
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
                  16, 2008
(Date
                  of earliest event reported)
PG&E
                  CORPORATION
(Exact
                  Name of Registrant as specified in Charter)
California
1-12609
94-3234914
(State
                  or other jurisdiction of incorporation)
(Commission
                  File Number)
(IRS
                  Employer
Identification
                  No.)
One
                  Market, Spear
                  Tower, Suite 2400, San Francisco, CA
94105
(Address
                  of principal executive offices)
(Zip
                  code)
415-267-7000
(Registrant's
                  Telephone Number, Including Area Code)
N/A
(Former
                  Name or Former Address, if Changed Since Last Report)
PACIFIC
                  GAS AND ELECTRIC COMPANY
(Exact
                  Name of Registrant as specified in Charter)
California
1-2348
94-0742640
(State
                  or other jurisdiction of incorporation)
(Commission
                  File Number)
(IRS
                  Employer
Identification
                  No.)
77
                  Beale Street, P.O. Box 770000, San
                  Francisco, California
94177
(Address
                  of principal executive offices)
(Zip
                  code)
(415)
                  973-7000
(Registrant's
                  Telephone Number, Including Area Code)
N/A
(Former
                  Name or Former Address, if Changed Since Last Report)
Check
                  the appropriate box below if the Form 8-K filing is intended to
                  simultaneously satisfy the filing obligation of the registrant
                  under any
                  of the following provisions (see General Instruction A.2.
                  below):
[ ]
Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)
[ ]
Soliciting
                  Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)
[ ]
Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange
                  Act
(17
                  CFR 240.14d-2(b)
[ ]
Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange
                  Act
(17
                  CFR 240.13e-4(c))
Item
        5.02.  Departure of
        Directors or Certain Officers; Election of Directors; Appointment of Certain
        Officers; Compensato
ry
        Arrangements of Certain Officers
On
        April 16, 2008, the independent
        members of the PG&E Corporation Board of Directors (Board) approved a grant
        of restricted stock units with an aggregate value of $1 million to be made
        to
        Peter A. Darbee, Chairman of the Board, Chief Executive Officer, and President
        of PG&E Corporation, on the third business day following PG&E
        Corporation's release of its financial results for the quarter ended March 31,
        2008 (the "2008 RSU Grant").  The number of restricted stock units
        that
Mr.
Darbee
will
        receive will be determined based on
        the closing stock price of PG&E Corporation common stock on the grant date,
        as reported on the New York Stock Exchange.  These restricted stock
        units will vest on the first business
day
of
        January 2013, provided that Mr.
        Darbee is still employed by PG&E Corporation or any of its affiliates on
        such date.
Upon
        Mr.
        Darbee's
(1)
        R
etirement
        (
defined
        as
        an employee's
voluntary
        resignation at age 55 or older after having been employed by PG&E
        Corporation or an affiliate for at
least
        five
        consecutive years), (2)
termination
        by PG&E Corporation other than for cause
,
or
(3)
termination
        by PG&E Corporation following divestiture of
a
        subsidiary
,
a
        prorated
        portion of his restricted stock units will vest immediately in accordance
        with
        the percentage of time that Mr. Darbee was employed by PG&E Corporation
        during the
vesting
period
that
        will
        begin on the date of grant (the "Prorated Vesting Provisions"), and
        a
ny
        unvested units will be forfeited.
Also
        on April 16, 2008, the independent
        members of the Board approved a modification to the terms of an award of
        21, 155
        restricted shares of PG&E Corporation common stock that had been granted to
        Mr. Darbee on January 2, 2007.  The modification is intended to avoid
        an unintended tax consequence of the restricted stock award to Mr.
        Darbee.
Under
        applicable tax law, and unlike restricted stock units, restricted stock is
        considered personal property that will be taxable to the recipient when the
        shares are no longer subject to a substantial risk of forfeiture.  Mr.
        Darbee reached age 55 in January 2008.
Under the Prorated
        Vesting Provisions of
        the January 2, 2007 restricted stock award, upon Mr. Darbee's
        Retirement,
a
        prorated
        portion of his restricted stock will vest immediately in accordance with
        the
        percentage of time that Mr. Darbee was employed by PG&E Corporation during
        the vesting period
that
        began
        on January 2, 2007.
Pursuant to the modification
        approved by
        the independent members of the Board, on December 31, 2008 (1)
8,462
shares
        of this restricted stock
(the prorated portion
        of the
        restricted stock that would vest if Mr. Darbee were to retire on December
        31,
        2008) will vest and (2) the remaining
12,693
        shares of
restricted stock will
        be
        cancelled.
In
        lieu of the cancelled
        shares,
on the first
        business day of January 2009, Mr. Darbee will be granted
12,693
restricted
        stock units
(the "Replacement RSU
        Grant") that will
        contain the same terms and conditions, including the Prorated Vesting
        Provisions, as had originally applied to the cancelled portion of the restricted
        stock award.  The Replacement RSU Grant will have the same vesting
        date as the original award (i.e., the first business day of January
        2012).  For purposes of the Prorated Vesting Provisions, the vesting
        period of the Replacement RSU Grant will begin
on
        the
        first business day of
January 2009.
The
        r
estricted
        stock units
subject
        to
        both the 2008 RSU Grant and the Replacement RSU Grant (collectively, the
"RSU
        Grants")
will
        vest
        immediately in full upon a
Change in Control of
        PG&E
        Corporation
(as such term
        is defined in, and
subject
        to the terms of, the PG&E Corporation 2006 Long
-Term Incentive Plan)
        if the restricted
        stock units are not continued or assumed in connection with the Change in
        Control
.  In
        addition,
the restricted
        stock units subject to the RSU Grants will vest immediately in full upon
Mr.
Darbee's
        death, disability, or
        termination of employment in connection with a Change in Control of PG&E
        Corporation (assuming that the restricted stock units were continued or assumed
        in connection with the Change in Control).
Mr.
Darbee
        w
ill be entitled to
        receive dividend
        equivalents associated with all the restricted stock units subject to the
        RSU
        Grants.  These dividend equivalents will be converted into additional
        restricted stock units that will be subject to the same vesting and other
        provisions that apply to the award under which such dividend equivalents
        are
        credited.  Vested restricted stock units will be settled by the
        issuance of an equal number of shares of PG&E Corporation common
        stock.
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 hereunto duly
        authorized.
PG&E
                  CORPORATION
Dated:
April
                  22,
                  2008
By:
LINDA
                  Y.H.CHENG
LINDA
                  Y.H.
                  CHENG
Vice
                  President, Corporate
                  Governance
and
                  Corporate
                  Secretary
PACIFIC
                  GAS AND ELECTRIC
                  COMPANY
Dated:
April
                  22,
                  2008
By:
LINDA
                  Y.H.CHENG
LINDA
                  Y.H.
                  CHENG
Vice
                  President, Corporate
                  Governance
and
                  Corporate
                  Secretary