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<table border="0" cellspacing="0" cellpadding="0" width="644">
<tr>
<td colspan="4" valign="top">
<p align="center">SECURITIES AND EXCHANGE COMMISSION</p>
</td>
</tr>

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

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

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

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

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

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

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

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

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

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

<tr>
<td colspan="4" valign="top">
<p align="center">Date of Report: July 2, 2002</p>
</td>
</tr>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<p>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monthly Operating
Report</p>

<p>On July 1, 2002, Pacific Gas and Electric Company (Utility)
filed its monthly operating report for the month ended May 31, 2002
with the U.S. Bankruptcy Court for the Northern District of
California (Bankruptcy Court). The Utility's monthly operating
report includes an unaudited income statement for the month and an
unaudited balance sheet dated as of the end of the month.&nbsp;
These unaudited financial statements are attached as Exhibit 99 to
this report. Although not included in Exhibit 99, the monthly
operating report also includes a statement of receipts and
disbursements, as well as other information.&nbsp; The preliminary
financial statements were prepared using certain assumptions and
estimates that are subject to revision.&nbsp; Any adjustments for
these estimates (based upon changes in facts and circumstances,
further analysis, and other factors) will be reflected in the
financial statements in the period during which such adjustments
are made.&nbsp; These adjustments could have a material impact on
reported results in the future.</p>

<p>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dismissal of
Federal Securities Lawsuit</p>

<p>As previously disclosed, after their first amended complaint was
dismissed, the plaintiffs in the case entitled <i>Gillam, et al. v.
PG&amp;E Corporation, and Robert D. Glynn, Jr</i>. pending in the
U.S. District Court for the Northern District of California filed a
second amended complaint on February 4, 2002.&nbsp; In addition to
repeating many of the same allegations as were contained in the
first amended complaint, the second amended complaint contained
allegations similar to the allegations made in the complaint filed
by the California Attorney General against PG&amp;E Corporation
regarding alleged violations of the California Public Utilities
Commission&rsquo;s (CPUC) holding company conditions.</p>

<p>On June 25, 2002, the court granted defendants&rsquo; motion to
dismiss the second amended complaint.&nbsp; The dismissal is with
prejudice, prohibiting the plaintiffs from filing a further amended
complaint.&nbsp; The court found that the plaintiffs again failed
to state a claim for securities fraud.</p>

<p>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Motion to Extend
Exclusivity Period</p>

<p>On June 7, 2002, PG&amp;E Corporation and the Utility filed a
motion with the Bankruptcy Court to extend, until December 31,
2003, the period during which no third parties, other than the
CPUC, may submit an alternate proposed plan of
reorganization.&nbsp; The exclusivity period was scheduled to end
on June 30, 2002, unless extended.&nbsp;</p>

<p>On June 24, 2002, the Official Committee of Unsecured Creditors
(OCC) filed a response in the Bankruptcy Court requesting that the
exclusivity period be modified to enable the OCC to formulate and
be in a position to file an alternative plan of reorganization if
the proponents of the Utility&rsquo;s proposed plan of
reorganization and the CPUC&rsquo;s alternate proposed plan of
reorganization fail to come to terms on a consensual plan and it
appears that neither plan as currently proposed is likely to be
confirmed by the court or implemented in an expeditious
fashion.&nbsp; As previously disclosed, in May 2002, the OCC
conducted a review of both plans and issued a report recommending
that creditors vote in favor of both plans but declining to state a
position on a preference vote for either plan.&nbsp; On June 27,
2002, the Bankruptcy Court indicated it would enter an order
granting the OCC&rsquo;s request and extending the exclusivity
period until December 31, 2002, except as to the CPUC (which the
court previously excepted) and the OCC.</p>

<p>Neither the Utility nor PG&amp;E Corporation can predict whether
the OCC will submit an alternative plan nor what the terms of such
plan would be.</p>

<p>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuclear Regulatory
Commission Ruling</p>

<p>As previously disclosed, the Utility&rsquo;s proposed plan of
reorganization contemplates that the Utility&rsquo;s nuclear
generation assets and associated lands would be transferred to
Electric Generation LLC, a California limited liability company
(Gen).&nbsp; On November 30, 2001, the Utility filed an application
with the Nuclear Regulatory Commission (NRC) for approval to
transfer the NRC operating licenses for the Diablo Canyon Nuclear
Power Plant (Diablo Canyon) to Gen and one of its wholly owned
subsidiaries.&nbsp; In response to the Utility&rsquo;s application,
the CPUC, the County of San Luis Obispo, and the OCC, among others,
filed petitions to intervene and requests for hearing.</p>

<p>On June 25, 2002, the NRC issued a Memorandum and Order denying
these petitions to intervene and hearing requests with respect to
the Diablo Canyon license transfer.&nbsp; In particular, with
respect to the CPUC, the NRC found that the CPUC did not have
standing to participate at the NRC with respect to public health
and safety matters, as opposed to economic regulatory
matters.&nbsp; In addition, the NRC found that the CPUC did not
raise any litigable issues within the NRC&rsquo;s jurisdiction and
that the CPUC&rsquo;s issues were being more properly addressed in
other forums, such as the Bankruptcy Court and the Federal Energy
Regulatory Commission (FERC).&nbsp;</p>

<p>Several other parties also had filed petitions to intervene
expressing concerns solely with regard to how the antitrust
conditions in the current licenses will be addressed in the
proposed license transfers. These parties supported the
Utility&rsquo;s proposal to make the reorganized Utility, Gen, and
Electric Transmission LLC (ETrans) (the new limited liability
company formed to operate the electric transmission business of the
Utility as contemplated in the Utility&rsquo;s proposed plan of
reorganization) jointly and severally responsible to comply with
the antitrust conditions.&nbsp; These parties seek intervention
only if the NRC decides not to adopt the Utility&rsquo;s
proposal.&nbsp; The NRC indicated that it will reserve its ruling
as to these petitions.&nbsp; If the NRC orders a hearing, the NRC
stated that it would allow the CPUC and San Luis Obispo County to
participate, but that their participation will be limited
specifically to the antitrust matters.&nbsp;</p>

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

<p>Exhibit 99 - Pacific Gas and Electric Company Income Statement
for the month ended May 31, 2002, and Balance Sheet dated May 31,
2002.</p>

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

<p>Pursuant to the requirements of the Securities Exchange Act of
1934, the registrants have duly caused this report to be signed on
their behalf by the undersigned thereunto duly authorized.</p>

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

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

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

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

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

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

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

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

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

<p>Dated:&nbsp; July 2, 2002</p>
</div>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "final702.htm", "description": "FORM 8-K", "secsgml_size_bytes": 15996}]
{"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": "02695008"}, "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"}}
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: July 2, 2002
Commission
File
Number
Exact Name of
Registrant
as specified in
its charter
State or other
Jurisdiction of
Incorporation
IRS Employer
Identification
Number
_____________
_____________
_____________
_____________
1-12609
1-2348
PG&E Corporation
Pacific Gas and
Electric Company
California
California
94-3234914
94-0742640
Pacific Gas and Electric Company
77 Beale Street, P. O. Box 770000
San Francisco, California  94177
PG&E Corporation
One Market, Spear Tower, Suite 2400
San Francisco, California  94105
(Address of principal executive offices) (Zip
Code)
Pacific Gas and Electric Company
(415) 973-7000
PG&E Corporation
(415) 267-7000
(Registrant's telephone number, including area
code)
Item 5. Other Events
Pacific Gas and Electric Company Bankruptcy
A.        Monthly Operating
Report
On July 1, 2002, Pacific Gas and Electric Company (Utility)
filed its monthly operating report for the month ended May 31, 2002
with the U.S. Bankruptcy Court for the Northern District of
California (Bankruptcy Court). The Utility's monthly operating
report includes an unaudited income statement for the month and an
unaudited balance sheet dated as of the end of the month. 
These unaudited financial statements are attached as Exhibit 99 to
this report. Although not included in Exhibit 99, the monthly
operating report also includes a statement of receipts and
disbursements, as well as other information.  The preliminary
financial statements were prepared using certain assumptions and
estimates that are subject to revision.  Any adjustments for
these estimates (based upon changes in facts and circumstances,
further analysis, and other factors) will be reflected in the
financial statements in the period during which such adjustments
are made.  These adjustments could have a material impact on
reported results in the future.
B.         Dismissal of
Federal Securities Lawsuit
As previously disclosed, after their first amended complaint was
dismissed, the plaintiffs in the case entitled
Gillam, et al. v.
PG&E Corporation, and Robert D. Glynn, Jr
. pending in the
U.S. District Court for the Northern District of California filed a
second amended complaint on February 4, 2002.  In addition to
repeating many of the same allegations as were contained in the
first amended complaint, the second amended complaint contained
allegations similar to the allegations made in the complaint filed
by the California Attorney General against PG&E Corporation
regarding alleged violations of the California Public Utilities
Commission's (CPUC) holding company conditions.
On June 25, 2002, the court granted defendants' motion to
dismiss the second amended complaint.  The dismissal is with
prejudice, prohibiting the plaintiffs from filing a further amended
complaint.  The court found that the plaintiffs again failed
to state a claim for securities fraud.
C.        Motion to Extend
Exclusivity Period
On June 7, 2002, PG&E Corporation and the Utility filed a
motion with the Bankruptcy Court to extend, until December 31,
2003, the period during which no third parties, other than the
CPUC, may submit an alternate proposed plan of
reorganization.  The exclusivity period was scheduled to end
on June 30, 2002, unless extended.
On June 24, 2002, the Official Committee of Unsecured Creditors
(OCC) filed a response in the Bankruptcy Court requesting that the
exclusivity period be modified to enable the OCC to formulate and
be in a position to file an alternative plan of reorganization if
the proponents of the Utility's proposed plan of
reorganization and the CPUC's alternate proposed plan of
reorganization fail to come to terms on a consensual plan and it
appears that neither plan as currently proposed is likely to be
confirmed by the court or implemented in an expeditious
fashion.  As previously disclosed, in May 2002, the OCC
conducted a review of both plans and issued a report recommending
that creditors vote in favor of both plans but declining to state a
position on a preference vote for either plan.  On June 27,
2002, the Bankruptcy Court indicated it would enter an order
granting the OCC's request and extending the exclusivity
period until December 31, 2002, except as to the CPUC (which the
court previously excepted) and the OCC.
Neither the Utility nor PG&E Corporation can predict whether
the OCC will submit an alternative plan nor what the terms of such
plan would be.
D.        Nuclear Regulatory
Commission Ruling
As previously disclosed, the Utility's proposed plan of
reorganization contemplates that the Utility's nuclear
generation assets and associated lands would be transferred to
Electric Generation LLC, a California limited liability company
(Gen).  On November 30, 2001, the Utility filed an application
with the Nuclear Regulatory Commission (NRC) for approval to
transfer the NRC operating licenses for the Diablo Canyon Nuclear
Power Plant (Diablo Canyon) to Gen and one of its wholly owned
subsidiaries.  In response to the Utility's application,
the CPUC, the County of San Luis Obispo, and the OCC, among others,
filed petitions to intervene and requests for hearing.
On June 25, 2002, the NRC issued a Memorandum and Order denying
these petitions to intervene and hearing requests with respect to
the Diablo Canyon license transfer.  In particular, with
respect to the CPUC, the NRC found that the CPUC did not have
standing to participate at the NRC with respect to public health
and safety matters, as opposed to economic regulatory
matters.  In addition, the NRC found that the CPUC did not
raise any litigable issues within the NRC's jurisdiction and
that the CPUC's issues were being more properly addressed in
other forums, such as the Bankruptcy Court and the Federal Energy
Regulatory Commission (FERC).
Several other parties also had filed petitions to intervene
expressing concerns solely with regard to how the antitrust
conditions in the current licenses will be addressed in the
proposed license transfers. These parties supported the
Utility's proposal to make the reorganized Utility, Gen, and
Electric Transmission LLC (ETrans) (the new limited liability
company formed to operate the electric transmission business of the
Utility as contemplated in the Utility's proposed plan of
reorganization) jointly and severally responsible to comply with
the antitrust conditions.  These parties seek intervention
only if the NRC decides not to adopt the Utility's
proposal.  The NRC indicated that it will reserve its ruling
as to these petitions.  If the NRC orders a hearing, the NRC
stated that it would allow the CPUC and San Luis Obispo County to
participate, but that their participation will be limited
specifically to the antitrust matters.
Item 7. Financial Statements, Pro Forma Financial Information,
and Exhibits
Exhibit 99 - Pacific Gas and Electric Company Income Statement
for the month ended May 31, 2002, and Balance Sheet dated May 31,
2002.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrants have duly caused this report to be signed on
their behalf by the undersigned thereunto duly authorized.
PG&E CORPORATION
By:  /s/ CHRISTOPHER P. JOHNS
CHRISTOPHER P.
JOHNS
Senior Vice President
and Controller
PACIFIC GAS AND ELECTRIC COMPANY
By:  /s/ DINYAR B. MISTRY
DINYAR B. MISTRY
Vice President and Controller
Dated:  July 2, 2002