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

<p align="center">Washington, D.C.&nbsp; 20549</p>

<p align="center">FORM 8-K</p>

<p align="center">CURRENT REPORT</p>

<p align="center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</p>

<p align="center">Date of Report:&nbsp; January 17, 2002</p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td>
<p>&nbsp;</p>
</td>
<td valign="top">
<p align="center"><br />
 Commission<br />
 File<br />
 Number</p>
</td>
<td colspan="2" 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 colspan="2" valign="top">
<p align="center"><br />
 IRS Employer<br />
 &nbsp; Identification<br />
 Number</p>
</td>
</tr>

<tr>
<td>
<p>&nbsp;</p>
</td>
<td valign="top">
<p align="center">_____________</p>
</td>
<td colspan="2" valign="top">
<p align="center">_____________</p>
</td>
<td valign="top">
<p align="center">_____________</p>
</td>
<td colspan="2" valign="top">
<p align="center">_____________</p>
</td>
</tr>

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

<p align="center">1-2348</p>
</td>
<td colspan="2" 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 colspan="2" valign="top">
<p align="center">94-3234914</p>

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

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

<tr>
<td colspan="3" 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="3" 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>
<td>
<p>&nbsp;</p>
</td>
</tr>
</table>

<p align="center">(Address of principal executive offices) (Zip
Code)</p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p align="center">Pacific Gas and Electric Company<br />
 (415) 973-7000</p>
</td>
<td valign="top">
<p align="center">PG&amp;E Corporation<br />
 (415) 267-7000</p>
</td>
</tr>
</table>

<p align="center">(Registrant's telephone number, including area
code)</p>

<br clear="all" />


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

<p>A.&nbsp; Pacific Gas and Electric Company Bankruptcy</p>

<p>On January 16, 2002, the U.S. Bankruptcy Court for the Northern
District of California (Bankruptcy Court) issued an order in the
bankruptcy proceeding of Pacific Gas and Electric Company
(Utility), PG&amp;E Corporation's subsidiary, granting the
Utility's motion to extend the period during which only the Utility
has the right to submit a proposed plan of reorganization from
February 4, 2002, when the period would otherwise expire, to June
30, 2002.&nbsp; However, with respect to the California Public
Utilities Commission (CPUC), the Bankruptcy Court's order allows
the CPUC to submit a term sheet regarding a proposed plan of
reorganization by February 13, 2002, as a potential alternative to
the proposed amended plan of reorganization filed by PG&amp;E
Corporation and the Utility on December 19, 2001.&nbsp; The
Bankruptcy Court indicated that the CPUC's term sheet for its
proposed plan must demonstrate that the proposed plan would be
clearly credible and capable of being confirmed.&nbsp; The
Bankruptcy Court stated that its order was merely allowing the CPUC
an opportunity to seek to demonstrate to the Bankruptcy Court that
the CPUC should be permitted to file an alternative plan. The
Bankruptcy Court indicated that the Utility would have a reasonable
time to respond to the CPUC's term sheet.&nbsp;</p>

<p>The Bankruptcy Court also directed the Utility, the CPUC, and
representatives of the State of California to provide comments as
to why the Bankruptcy Court should not order the parties to meet
with a neutral third party, such as a mediator, to seek to resolve
any disputed issues relating to the Utility's proposed plan of
reorganization.&nbsp; The parties' comments are to be provided at a
hearing scheduled for January 25, 2002.&nbsp;</p>

<p>B.&nbsp; Pacific Gas and Electric Company's Filing of Claim with
State of California Victim&nbsp;&nbsp;&nbsp;&nbsp; Compensation and
Government Claims Board</p>

<p>On January 17, 2002, the Utility filed an administrative claim
with the State of California Victim Compensation and Government
Claims Board (Board) alleging that the January 2001 enactment of
Assembly Bill X6 for the California Legislature's 2001- 02 First
Extraordinary Session ("AB X6"), which precludes disposition of
utility-owned generating facilities before January&nbsp;1, 2006 and
which re-dedicates utility-owned generating facilities to public
service under California public utility regulation, violates the
Utility's contractual rights under the prior electric industry
restructuring law established by Assembly Bill 1890 (AB 1890) in
1996.&nbsp;</p>

<p>AB&nbsp;1890 provided that any retained generation facilities
held by the utilities would be market valued by no later than
December 31, 2001, and further provided that the utilities would
have an opportunity to recover that market value in future prices
charged in interstate power markets at market prices regulated by
the Federal Energy Regulatory Commission (FERC).&nbsp; The Utility
timely submitted proposed market valuations of retained generation
facilities, so that those facilities could be valued by the CPUC
and released from CPUC regulation.&nbsp; In August 2000, the
Utility submitted an interim market valuation of $2.8 billion for
its remaining non-nuclear generation facilities.&nbsp; In June and
December 2000, the Utility submitted testimony to the CPUC
providing a market valuation of its hydroelectric facilities that
placed the market value of these facilities at $4.1
billion.&nbsp;</p>

<p>Pursuant to the regulatory contract established in AB 1890, the
Utility divested most of its generating assets to third parties,
received a lower than authorized return on the Utility's remaining
generating assets, relinquished operating control of its
transmission system to the California Independent System Operator,
and opened up its transmission and distribution facilities to
competing third party power sellers. The Utility's administrative
claim asserts that the State breached the AB 1890 regulatory
contract when AB X6 was enacted.&nbsp; The Utility's administrative
claim seeks compensation for the denial of the Utility's right to
the market value of its retained generating facilities in
FERC-regulated interstate power markets and not subject to rate
regulation by the CPUC, a value of not less than $4.1 billion.</p>

<p>.</p>

<p></p>

<br clear="all" />


<p><br />
SIGNATURE</p>

<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"></td>
<td valign="top">
<p>PG&amp;E CORPORATION<br />
 </p>
</td>
</tr>

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

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

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

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

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

<tr>
<td valign="top"></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"></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; January 17, 2002</p>

<p></p>

<p></p>

<p></p>
</div>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "final1-17a.htm", "description": "FORM 8-K", "secsgml_size_bytes": 9197}]
{"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": "2511916"}, "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'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:  January 17, 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
A.  Pacific Gas and Electric Company Bankruptcy
On January 16, 2002, the U.S. Bankruptcy Court for the Northern
District of California (Bankruptcy Court) issued an order in the
bankruptcy proceeding of Pacific Gas and Electric Company
(Utility), PG&E Corporation's subsidiary, granting the
Utility's motion to extend the period during which only the Utility
has the right to submit a proposed plan of reorganization from
February 4, 2002, when the period would otherwise expire, to June
30, 2002.  However, with respect to the California Public
Utilities Commission (CPUC), the Bankruptcy Court's order allows
the CPUC to submit a term sheet regarding a proposed plan of
reorganization by February 13, 2002, as a potential alternative to
the proposed amended plan of reorganization filed by PG&E
Corporation and the Utility on December 19, 2001.  The
Bankruptcy Court indicated that the CPUC's term sheet for its
proposed plan must demonstrate that the proposed plan would be
clearly credible and capable of being confirmed.  The
Bankruptcy Court stated that its order was merely allowing the CPUC
an opportunity to seek to demonstrate to the Bankruptcy Court that
the CPUC should be permitted to file an alternative plan. The
Bankruptcy Court indicated that the Utility would have a reasonable
time to respond to the CPUC's term sheet.
The Bankruptcy Court also directed the Utility, the CPUC, and
representatives of the State of California to provide comments as
to why the Bankruptcy Court should not order the parties to meet
with a neutral third party, such as a mediator, to seek to resolve
any disputed issues relating to the Utility's proposed plan of
reorganization.  The parties' comments are to be provided at a
hearing scheduled for January 25, 2002.
B.  Pacific Gas and Electric Company's Filing of Claim with
State of California Victim     Compensation and
Government Claims Board
On January 17, 2002, the Utility filed an administrative claim
with the State of California Victim Compensation and Government
Claims Board (Board) alleging that the January 2001 enactment of
Assembly Bill X6 for the California Legislature's 2001- 02 First
Extraordinary Session ("AB X6"), which precludes disposition of
utility-owned generating facilities before January 1, 2006 and
which re-dedicates utility-owned generating facilities to public
service under California public utility regulation, violates the
Utility's contractual rights under the prior electric industry
restructuring law established by Assembly Bill 1890 (AB 1890) in
1996.
AB 1890 provided that any retained generation facilities
held by the utilities would be market valued by no later than
December 31, 2001, and further provided that the utilities would
have an opportunity to recover that market value in future prices
charged in interstate power markets at market prices regulated by
the Federal Energy Regulatory Commission (FERC).  The Utility
timely submitted proposed market valuations of retained generation
facilities, so that those facilities could be valued by the CPUC
and released from CPUC regulation.  In August 2000, the
Utility submitted an interim market valuation of $2.8 billion for
its remaining non-nuclear generation facilities.  In June and
December 2000, the Utility submitted testimony to the CPUC
providing a market valuation of its hydroelectric facilities that
placed the market value of these facilities at $4.1
billion.
Pursuant to the regulatory contract established in AB 1890, the
Utility divested most of its generating assets to third parties,
received a lower than authorized return on the Utility's remaining
generating assets, relinquished operating control of its
transmission system to the California Independent System Operator,
and opened up its transmission and distribution facilities to
competing third party power sellers. The Utility's administrative
claim asserts that the State breached the AB 1890 regulatory
contract when AB X6 was enacted.  The Utility's administrative
claim seeks compensation for the denial of the Utility's right to
the market value of its retained generating facilities in
FERC-regulated interstate power markets and not subject to rate
regulation by the CPUC, a value of not less than $4.1 billion.
.
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:  January 17, 2002