<html>

  <head>
    <title>pge8k051908.htm</title>
<!-- Licensed to: PG&E Corporation-->
<!-- Document Created using EDGARizer 4.0.3.0 -->
<!-- Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved -->
</head>
    <body bgcolor="#ffffff" style="MARGIN: 10%; TEXT-INDENT: 0pt">
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <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">UNITED
                STATES</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">SECURITIES
                AND EXCHANGE COMMISSION</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Washington,
                D.C.&#160; 20549</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <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>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">FORM
                8-K</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">CURRENT
                REPORT</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#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>
          <tr>
            <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; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;</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">May
                14, 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></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; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 11pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">PG&amp;E
                CORPORATION</font>&#160;</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#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; TEXT-ALIGN: center">&#160;</div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" 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="TEXT-DECORATION: underline"><font style="DISPLAY: inline; TEXT-DECORATION: underline">California</font>&#160;</font></font></div>
            </td>
            <td colspan="2" valign="top" width="20%" 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="TEXT-DECORATION: underline"><font style="DISPLAY: inline; TEXT-DECORATION: underline">1-12609</font>&#160;</font></font></div>
            </td>
            <td colspan="2" valign="top" width="40%" 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="TEXT-DECORATION: underline"><font style="DISPLAY: inline; TEXT-DECORATION: underline">94-3234914</font>&#160;</font></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
                or other jurisdiction of incorporation)</font>&#160;</div>
            </td>
            <td colspan="2" valign="top" width="20%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission
                File Number)</font>&#160; </div>
            </td>
            <td colspan="2" valign="top" width="40%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<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>&#160; </div>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="top" width="45%" 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="51%" 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="45%" 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>&#160;</font></div>
            </td>
            <td colspan="3" valign="top" width="51%" 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>&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="top" width="45%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
                of principal executive offices)</font>&#160; </div>
            </td>
            <td colspan="3" valign="top" width="51%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
                code)</font>&#160;</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>&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Registrant&#8217;s
                Telephone Number, Including Area Code)</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="TEXT-DECORATION: underline">&#160;</font><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>&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
                Name or Former Address, if Changed Since Last Report)</font>&#160;
                </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-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%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 11pt">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">PACIFIC
                GAS AND ELECTRIC COMPANY</font>&#160; </font></div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact
                Name of Registrant as specified in Charter)</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" 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">California</font>&#160;</font></div>
            </td>
            <td colspan="2" valign="top" width="20%" 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">1-2348</font>&#160;</font></div>
            </td>
            <td colspan="2" valign="top" width="40%" 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">94-0742640</font>&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
                or other jurisdiction of incorporation)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td colspan="2" valign="top" width="20%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission
                File Number)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td colspan="2" valign="top" width="40%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<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>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;</font>&#160;
                </div>
            </td>
            <td colspan="2" valign="top" width="20%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td colspan="2" valign="top" width="40%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td colspan="4" valign="top" width="69%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">77
                Beale Street, P. O.
                Box 770000, San Francisco, California</font>&#160;</font></div>
            </td>
            <td valign="top" width="30%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">94177</font>&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="4" valign="top" width="69%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<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 valign="top" width="30%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
                code)</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<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>&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Registrant&#8217;s
                Telephone Number, Including Area Code)</font>&#160; </div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<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>&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="5" valign="top" width="100%" style="TEXT-ALIGN: center">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
                Name or Former Address, if Changed Since Last Report)</font>&#160;
                </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">&#160;<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>&#160; </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="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;&#160;&#160;</font></div>
            </td>
            <td align="left" valign="top" width="73%">
              <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%">
              <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="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td align="left" valign="top" width="73%">
              <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">Soliciting
                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="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td align="left" valign="top" width="73%">
              <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 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 240.14d-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>
            </td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td align="left" valign="top" width="73%">
              <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>
          </tr>

      </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">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</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">&#160;</div>
      </div>
    </div><br>
    <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">Item
      5.02.&#160;&#160;Departure of Directors or Certain Officers; Election of
      Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
      Officers.</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">On
      May
      14, 2008, the Boards of Directors of PG&amp;E Corporation and Pacific Gas and
      Electric Company (Utility) elected Stephen J. Cairns to the position of Vice
      President and Controller of PG&amp;E Corporation and the Utility effective June
      1, 2008.</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">Mr.
      Cairns, 40, has served as Senior Director, Internal Auditing and Compliance
      and
      Ethics of PG&amp;E Corporation since 2007.&#160;&#160;From 2006 to 2007, he
      served as Senior Director, Internal Auditing of PG&amp;E
      Corporation.&#160;&#160;Before joining PG&amp;E Corporation, Mr. Cairns worked
      in the Internal Audit department at ScottishPower PLC, serving as Director,
      Group Internal Audit from 2003 to 2006, and as Group Head of Business Assurance
      and Deputy Director of Internal Audit from 2000 to 2003.&#160;&#160;From 1991
      through 2000, Mr. Cairns worked at Ernst &amp; Young in London, England, and
      Edinburgh, Scotland, practicing in the firm&#8217;s external audit and business risk
      consulting groups.</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">Mr.
      Cairns&#8217; compensation includes an annual base salary of $300,000.&#160;&#160;He
      will continue to be eligible to participate in the PG&amp;E Corporation
      Short-Term Incentive Plan (STIP); his target participation rate will be equal
      to
      45% of his annual base salary, or $135,000.&#160;&#160;Maximum awards under the
      STIP equal two times the target amount.&#160;&#160;Actual STIP awards are
      determined by the Compensation Committee of the PG&amp;E Corporation Board of
      Directors based on the extent to which certain pre-established performance
      criteria are met.</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">Mr.
      Cairns also will receive an additional grant under the PG&amp;E Corporation 2006
      Long-Term Incentive Plan (LTIP) with an estimated value of
      $125,000.&#160;&#160;The LTIP award will consist of equal amounts of restricted
      shares of PG&amp;E Corporation common stock and performance
      shares.&#160;&#160;The number of restricted shares and performance shares will
      be determined by dividing $125,000 by the closing stock price of a share of
      PG&amp;E Corporation common stock as reported on the New York Stock Exchange on
      the grant date, which is expected to be June 1, 2008.&#160;&#160;The <font style="DISPLAY: inline; COLOR: #000000">restrictions on 60% of the restricted
      shares will lapse automatically in equal installments on the first business
      days
      of March 2009, 2010, and 2011 at the rate of 20% per year</font><font style="DISPLAY: inline; COLOR: #000000">.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;If
      PG&amp;E Corporation&#8217;s
      annual total shareholder return (TSR) is in the top quartile of its comparator
      group as measured for the three immediately preceding calendar years, the
      restrictions on the remaining 40% of the restricted shares will lapse on the
      first business day of March 2011.&#160;&#160;If PG&amp;E Corporation&#8217;s TSR is
      not in the top quartile for such period, then the restrictions on the remaining
      40% of the restricted shares will lapse on the first business day of March
      2013.&#160;&#160;The performance shares </font>will vest on the first business
      day of March <font style="DISPLAY: inline; COLOR: #000000">2011 and </font><font style="DISPLAY: inline; COLOR: #000000">will
      be</font><font style="DISPLAY: inline; COLOR: #000000"> settled in cash.&#160;&#160;Upon
      vesting, the amount of cash that recipients are entitled to receive is based
      on
</font><font style="DISPLAY: inline; COLOR: #000000">(1) </font><font style="DISPLAY: inline; COLOR: #000000">the
      average closing price of PG&amp;E
      Corporation stock for the last 30 calendar days of the year preceding the
      vesting date</font><font style="DISPLAY: inline; COLOR: #ff0000; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">and
</font><font style="DISPLAY: inline; COLOR: #000000">(2)
</font><font style="DISPLAY: inline; COLOR: #000000">a
      payout percentage, ranging from 0% to
      200%, as measured by </font>PG&amp;E Corporation&#8217;s TSR<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">relative
      to its comparator group
</font>for the prior three calendar years<font style="DISPLAY: inline; COLOR: #000000">.&#160;&#160;</font>Subject to rounding
      considerations, there will be no payout for TSR below the 25th percentile of
      the
      comparator group, TSR at the 25th percentile will result in a 25% payout of
      performance shares, TSR at the 75th percentile will result in a 100% payout,
      and
      TSR in the top rank will result in a 200% payout.</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">Mr.
      Cairns will continue to be entitled to participate in other benefits generally
      provided to PG&amp;E Corporation and Utility employees.&#160;&#160;In addition,
      Mr. Cairns will be entitled to receive benefits available to other PG&amp;E
      Corporation and Utility officers, including an annual perquisite allowance
      of
      $15,000, participation in the PG&amp;E Corporation Supplemental Executive
      Retirement Plan (which provides retirement benefits in excess of the pension
      benefits that would otherwise be payable under the Utility&#8217;s defined benefit
      pension plan), and participation in the PG&amp;E Corporation Supplemental
      Retirement Savings Plan (under which a participant may elect to defer
      compensation and under which PG&amp;E Corporation makes matching contributions
      credited to the participant&#8217;s account to the extent such matching contributions
      could not be made under PG&amp;E Corporation&#8217;s 401(k) savings plan due to legal
      limitations).&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">PG&amp;E
      Corporation also has adopted an Officer Severance Policy that covers officers
      of
      PG&amp;E Corporation and the Utility. </font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">These
      plans, as well as perquisites
      provided to officers, are described in PG&amp;E Corporation&#8217;s and the Utility&#8217;s
      2008 joint proxy statement filed with the Securities and Exchange
      Commission</font><font style="DISPLAY: inline; COLOR: #000000">.</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; FONT-FAMILY: Times New Roman">Mr.
      Cairns does not
      have</font> any relationship or related transaction with PG&amp;E Corporation or
      the Utility that would require disclosure pursuant to Item 401(d) or Item 404(a)
      of Securities and Exchange Commission Regulation S-K. </font></div>
    <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; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Item
      8.01.&#160;&#160;Other
      Events</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: 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
      May 1</font><font style="DISPLAY: inline; COLOR: #000000">4, 2008, PG&amp;E Corporation and the
      Utility held their joint annual meeting of shareholders.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">PG&amp;E Corporation and Utility
      shareholders elected the following directors to serve for the ensuing
      year:</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="88%">

          <tr>
            <td align="left" valign="top" width="40%" style="TEXT-ALIGN: center">
              <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 id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;David
                R. Andrews</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"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;C.
                Lee
                Cox</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"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Peter
                A. Darbee</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="left" valign="top" width="22%" style="TEXT-ALIGN: center">
              <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">Maryellen
                C. Herringer</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">Richard
                A. Meserve</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">Mary
                S. Metz</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">William
                T. Morrow*</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
            <td align="left" valign="top" width="38%" style="TEXT-ALIGN: center">
              <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">Barbara
                L. Rambo</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">Barry
                Lawson Williams</font></div>
            </td>
          </tr>

      </table><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;*Mr.
      Morrow was
      elected to serve as a director of the Utility only.</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">PG&amp;E
      Corporation and Utility shareholders also voted to ratify the appointment of
      Deloitte&#160;&amp; Touche LLP as the independent registered public accounting
      firm for 2008 for PG&amp;E Corporation and the Utility.</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">In
      addition, as recommended by management, PG&amp;E Corporation shareholders
      rejected two shareholder proposals that were presented at the meeting, one
      of
      which recommended that the Board of Directors direct the chief executive officer
      to include a statement in the annual report describing his contribution to
      the
      company, and the other of which recommended that the Board of Directors adopt
      a
      bylaw to require an independent lead director.&#160;&#160;PG&amp;E Corporation
      shareholders approved a shareholder proposal requesting that the Board of
      Directors adopt a policy to provide the shareholders an opportunity to vote
      at
      each annual meeting on an advisory resolution to ratify the compensation paid
      to
      certain executive officers.&#160;&#160;The Board of Directors will consider the
      approved shareholder proposal.</font></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">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</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">&#160;</div>
      </div>
    </div><br>
    <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">SIGNATURE</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; FONT-FAMILY: 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 hereunto
      duly authorized.</font></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%">

            </td>
            <td align="left" valign="bottom" width="1%">

            </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; FONT-FAMILY: Times New Roman">PG&amp;E
                CORPORATION</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="35%"><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">Dated:
                May 19, 2008</font></div>
            </td>
            <td align="left" valign="bottom" width="1%">

            </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; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" valign="bottom" width="1%">

            </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; FONT-FAMILY: Times New Roman">LINDA
                Y.H. CHENG</font>&#160; </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%">

            </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%">

            </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; FONT-FAMILY: Times New Roman">LINDA
                Y.H. CHENG</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">Vice
                President, Corporate Governance and Corporate Secretary</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </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 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%">

            </td>
            <td align="left" valign="bottom" width="1%">

            </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; FONT-FAMILY: Times New Roman">PACIFIC
                GAS AND ELECTRIC COMPANY</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="35%"><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">Dated:
                May 19, 2008</font></div>
            </td>
            <td align="left" valign="bottom" width="1%">

            </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; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" valign="bottom" width="1%">

            </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; FONT-FAMILY: Times New Roman">LINDA
                Y.H. CHENG</font>&#160; </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%">

            </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%">

            </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; FONT-FAMILY: Times New Roman">LINDA
                Y.H. CHENG</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">Vice
                President, Corporate Governance and Corporate Secretary</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
  </body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "pge8k051908.htm", "description": "PG&AMP;E 8K FOR MAY 19, 2008", "secsgml_size_bytes": 50782}]
{"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": "08844984"}, "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"}}
pge8k051908.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:
May
                14, 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; Compensatory Arrangements of Certain
      Officers.
On
      May
      14, 2008, the Boards of Directors of PG&E Corporation and Pacific Gas and
      Electric Company (Utility) elected Stephen J. Cairns to the position of Vice
      President and Controller of PG&E Corporation and the Utility effective June
      1, 2008.
Mr.
      Cairns, 40, has served as Senior Director, Internal Auditing and Compliance
      and
      Ethics of PG&E Corporation since 2007.  From 2006 to 2007, he
      served as Senior Director, Internal Auditing of PG&E
      Corporation.  Before joining PG&E Corporation, Mr. Cairns worked
      in the Internal Audit department at ScottishPower PLC, serving as Director,
      Group Internal Audit from 2003 to 2006, and as Group Head of Business Assurance
      and Deputy Director of Internal Audit from 2000 to 2003.  From 1991
      through 2000, Mr. Cairns worked at Ernst & Young in London, England, and
      Edinburgh, Scotland, practicing in the firm's external audit and business risk
      consulting groups.
Mr.
      Cairns' compensation includes an annual base salary of $300,000.  He
      will continue to be eligible to participate in the PG&E Corporation
      Short-Term Incentive Plan (STIP); his target participation rate will be equal
      to
      45% of his annual base salary, or $135,000.  Maximum awards under the
      STIP equal two times the target amount.  Actual STIP awards are
      determined by the Compensation Committee of the PG&E Corporation Board of
      Directors based on the extent to which certain pre-established performance
      criteria are met.
Mr.
      Cairns also will receive an additional grant under the PG&E Corporation 2006
      Long-Term Incentive Plan (LTIP) with an estimated value of
      $125,000.  The LTIP award will consist of equal amounts of restricted
      shares of PG&E Corporation common stock and performance
      shares.  The number of restricted shares and performance shares will
      be determined by dividing $125,000 by the closing stock price of a share of
      PG&E Corporation common stock as reported on the New York Stock Exchange on
      the grant date, which is expected to be June 1, 2008.  The
restrictions on 60% of the restricted
      shares will lapse automatically in equal installments on the first business
      days
      of March 2009, 2010, and 2011 at the rate of 20% per year
.
If
      PG&E Corporation's
      annual total shareholder return (TSR) is in the top quartile of its comparator
      group as measured for the three immediately preceding calendar years, the
      restrictions on the remaining 40% of the restricted shares will lapse on the
      first business day of March 2011.  If PG&E Corporation's TSR is
      not in the top quartile for such period, then the restrictions on the remaining
      40% of the restricted shares will lapse on the first business day of March
      2013.  The performance shares
will vest on the first business
      day of March
2011 and
will
      be
settled in cash.  Upon
      vesting, the amount of cash that recipients are entitled to receive is based
      on
(1)
the
      average closing price of PG&E
      Corporation stock for the last 30 calendar days of the year preceding the
      vesting date
and
(2)
a
      payout percentage, ranging from 0% to
      200%, as measured by
PG&E Corporation's TSR
relative
      to its comparator group
for the prior three calendar years
.
Subject to rounding
      considerations, there will be no payout for TSR below the 25th percentile of
      the
      comparator group, TSR at the 25th percentile will result in a 25% payout of
      performance shares, TSR at the 75th percentile will result in a 100% payout,
      and
      TSR in the top rank will result in a 200% payout.
Mr.
      Cairns will continue to be entitled to participate in other benefits generally
      provided to PG&E Corporation and Utility employees.  In addition,
      Mr. Cairns will be entitled to receive benefits available to other PG&E
      Corporation and Utility officers, including an annual perquisite allowance
      of
      $15,000, participation in the PG&E Corporation Supplemental Executive
      Retirement Plan (which provides retirement benefits in excess of the pension
      benefits that would otherwise be payable under the Utility's defined benefit
      pension plan), and participation in the PG&E Corporation Supplemental
      Retirement Savings Plan (under which a participant may elect to defer
      compensation and under which PG&E Corporation makes matching contributions
      credited to the participant's account to the extent such matching contributions
      could not be made under PG&E Corporation's 401(k) savings plan due to legal
      limitations).
PG&E
      Corporation also has adopted an Officer Severance Policy that covers officers
      of
      PG&E Corporation and the Utility.
These
      plans, as well as perquisites
      provided to officers, are described in PG&E Corporation's and the Utility's
      2008 joint proxy statement filed with the Securities and Exchange
      Commission
.
Mr.
      Cairns does not
      have
any relationship or related transaction with PG&E Corporation or
      the Utility that would require disclosure pursuant to Item 401(d) or Item 404(a)
      of Securities and Exchange Commission Regulation S-K.
Item
      8.01.  Other
      Events
On
      May 1
4, 2008, PG&E Corporation and the
      Utility held their joint annual meeting of shareholders.
PG&E Corporation and Utility
      shareholders elected the following directors to serve for the ensuing
      year:
David
                R. Andrews
C.
                Lee
                Cox
Peter
                A. Darbee
Maryellen
                C. Herringer
Richard
                A. Meserve
Mary
                S. Metz
William
                T. Morrow*
Barbara
                L. Rambo
Barry
                Lawson Williams
*Mr.
      Morrow was
      elected to serve as a director of the Utility only.
PG&E
      Corporation and Utility shareholders also voted to ratify the appointment of
      Deloitte & Touche LLP as the independent registered public accounting
      firm for 2008 for PG&E Corporation and the Utility.
In
      addition, as recommended by management, PG&E Corporation shareholders
      rejected two shareholder proposals that were presented at the meeting, one
      of
      which recommended that the Board of Directors direct the chief executive officer
      to include a statement in the annual report describing his contribution to
      the
      company, and the other of which recommended that the Board of Directors adopt
      a
      bylaw to require an independent lead director.  PG&E Corporation
      shareholders approved a shareholder proposal requesting that the Board of
      Directors adopt a policy to provide the shareholders an opportunity to vote
      at
      each annual meeting on an advisory resolution to ratify the compensation paid
      to
      certain executive officers.  The Board of Directors will consider the
      approved shareholder proposal.
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:
                May 19, 2008
By:
LINDA
                Y.H. CHENG
LINDA
                Y.H. CHENG
Vice
                President, Corporate Governance and Corporate Secretary
PACIFIC
                GAS AND ELECTRIC COMPANY
Dated:
                May 19, 2008
By:
LINDA
                Y.H. CHENG
LINDA
                Y.H. CHENG
Vice
                President, Corporate Governance and Corporate Secretary