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<title>Form 8-K</title>
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<p align="center"><b><font size="3" face="Times New Roman">UNITED STATES</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">Washington, D.C.&nbsp; 20549</font></b></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p align="center"><b><font size="5" face="Times New Roman">FORM 8-K</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">CURRENT REPORT</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">Date of Report: January 3, 2006</font></b></p>

<p align="center"><b><font size="3" face="Times New Roman">(Date of earliest event reported)</font></b></p>

<p align="center"><b><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p align="center"><b><font size="5" face="Times New Roman">PG&amp;E CORPORATION</font></b></p>
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<p align="center"><b><font size="2" face="Times New Roman">(Exact Name of Registrant as specified in Charter)</font></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">California</font></u></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">1-2609</font></u></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">94-323914</font></u></b></p>
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<p align="center"><font size="2" face="Times New Roman">(State or other jurisdiction of incorporation)</font></p>
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<p align="center"><font size="2" face="Times New Roman"><br />
 (Commission File Number)</font></p>
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<td colspan="2" height="19" valign="top">
<p align="center"><font size="2" face="Times New Roman">(IRS Employer<br />
 Identification No.)</font></p>
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<td colspan="2" height="19" valign="top">
<p align="center"><b><u><font size="3" face="Times New Roman">One Market, Spear Tower, Suite 2400, San Francisco, CA</font></u></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">94105</font></u></b></p>
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<td colspan="2" height="19" valign="top">
<p align="center"><font size="2" face="Times New Roman">(Address of principal executive offices)</font></p>
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<td colspan="3" height="19" valign="top">
<p align="center"><font size="2" face="Times New Roman">(Zip code)</font></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">415-267-7000</font></u></b></p>
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<p align="center"><b><font size="2" face="Times New Roman">(Registrant&rsquo;s Telephone Number, Including Area Code)</font></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">N/A</font></u></b></p>
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<p align="center"><b><font size="2" face="Times New Roman">(Former Name or Former Address, if Changed Since Last Report)</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p align="center"><b><font size="5" face="Times New Roman">PACIFIC GAS AND ELECTRIC COMPANY</font></b></p>
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<p align="center"><b><font size="2" face="Times New Roman">(Exact Name of Registrant as specified in Charter)</font></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">California</font></u></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">1-2348</font></u></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">94-0742640</font></u></b></p>
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<p align="center"><font size="2" face="Times New Roman">(State or other jurisdiction of incorporation)</font></p>
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<td colspan="2" height="19" valign="top">
<p align="center"><font size="2" face="Times New Roman"><br />
 (Commission File Number)</font></p>
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<td colspan="2" height="19" valign="top">
<p align="center"><font size="2" face="Times New Roman">(IRS Employer<br />
 Identification No.)</font></p>
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<tr height="19">
<td height="19" valign="top">
<p align="center"><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<td colspan="2" height="19" valign="top"></td>
<td colspan="2" height="19" valign="top"></td>
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<p align="center"><b><u><font size="3" face="Times New Roman">77 Beale Street, P. O. Box 770000, San Francisco, California</font></u></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">94177</font></u></b></p>
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<td colspan="4" height="19" valign="top">
<p align="center"><font size="2" face="Times New Roman">(Address of principal executive offices)</font></p>
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<td height="19" valign="top">
<p align="center"><font size="2" face="Times New Roman">(Zip code)</font></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">(415) 973-7000</font></u></b></p>
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<p align="center"><b><font size="2" face="Times New Roman">(Registrant&rsquo;s Telephone Number, Including Area Code)</font></b></p>
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<p align="center"><b><u><font size="3" face="Times New Roman">N/A</font></u></b></p>
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<p align="center"><b><font size="2" face="Times New Roman">(Former Name or Former Address, if Changed Since Last Report)</font></b></p>
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<p><font size="3" face="Times New Roman"><br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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></p>
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<p><font size="3" face="Times New Roman">[&nbsp;]</font></p>
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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="2" face="Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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<p><font size="3" face="Times New Roman">[&nbsp;]</font></p>
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<td height="16" valign="top"></td>
<td height="16" valign="top">
<p><font size="2" face="Times New Roman">Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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<td height="19" valign="top">
<p><font size="3" face="Times New Roman">[&nbsp;]</font></p>
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<td height="19" valign="top"></td>
<td height="19" valign="top">
<p><font size="2" face="Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act<br />
 (17 CFR 240.14d-2(b)</font></p>
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<td height="18" valign="top">
<p><font size="3" face="Times New Roman">[&nbsp;]</font></p>
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<td height="18" valign="top"></td>
<td height="18" valign="top">
<p><font size="2" face="Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act<br />
 (17 CFR 240.13e-4(c))</font></p>
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<hr>

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<p><font size="3" face="Times New Roman"></font></p>

<p><b><font size="2" face="Times New Roman">Item 1.01 &ndash; Entry into a Material Definitive Agreement</font></b></p>

<p><font size="3" face="Times New Roman"></font></p>

<p><font size="2" face="Times New Roman">Consistent with PG&amp;E Corporation&rsquo;s past practice of granting equity incentives on the first business day of the year, on January 3, 2006, PG&amp;E Corporation granted restricted stock and performance shares under the
PG&amp;E Corporation 2006 Long-Term Incentive Plan (LTIP) to key employees and executive officers of PG&amp;E Corporation and its subsidiary, Pacific Gas and Electric Company (Utility).&nbsp; PG&amp;E Corporation&rsquo;s and the Utility&rsquo;s Current Report on Form
8-K dated December 21, 2005 describes the terms of the restricted stock and performance shares&nbsp;which description is hereby incorporated by reference.&nbsp; The 2006 LTIP has previously been filed with the Securities and Exchange Commission.&nbsp; The forms of
the restricted stock award and performance share agreements&nbsp;are attached hereto as Exhibits 99.1 and 99.2, respectively.&nbsp;</font></p>

<p><b><font size="2" face="Times New Roman"></font></b></p>

<p><b><font size="2" face="Times New Roman"></font></b></p>

<p><b><font size="2" face="Times New Roman">Item 9.01.&nbsp;&nbsp;Financial Statements and Exhibits</font></b></p>

<p><b><font size="2" face="Times New Roman"></font></b></p>

<p><font size="2" face="Times New Roman">(c)&nbsp; Exhibits</font></p>

<p><font size="2" face="Times New Roman"></font></p>

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<p><font size="2" face="Times New Roman">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="24" valign="top">
<p><font size="2" face="Times New Roman">Form of Restricted Stock Agreement under the PG&amp;E Corporation 2006 Long-Term Incentive Plan</font></p>
</td>
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<td height="24" valign="top"></td>
<td height="24" valign="top"></td>
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<td height="24" valign="top">
<p><font size="2" face="Times New Roman">99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="24" valign="top">
<p><font size="2" face="Times New Roman">Form of Performance Share Agreement under the PG&amp;E Corporation 2006 Long-Term Incentive Plan</font></p>
</td>
</tr>
</table>

<p><font size="2" face="Times New Roman"></font></p>

<p><font size="2" face="Times New Roman"></font></p>

<hr>

<font size="3" face="Times New Roman"><br clear="all" />
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<p align="center"><font size="3" face="Times New Roman">SIGNATURE</font></p>
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<p><font size="3" face="Times New Roman">&nbsp;</font></p>
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<p><font size="3" face="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 thereunto duly authorized.</font></p>

<p><font size="3" face="Times New Roman">&nbsp;</font></p>
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<p><font size="3" face="Times New Roman"></font></p>

<p><font size="3" face="Times New Roman"></font></p>

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<p><font size="3" face="Times New Roman">PG&amp;E CORPORATION</font></p>
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<p><font size="3" face="Times New Roman">&nbsp;</font></p>
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<td valign="top"></td>
<td valign="top">
<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<td valign="top"></td>
<td valign="top"></td>
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<tr>
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<p><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3" face="Times New Roman">By:&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><u><font size="3" face="Times New Roman">LINDA Y.H. CHENG&nbsp;</font></u></p>
</td>
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<p><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<td valign="top">
<p><font size="3" face="Times New Roman">LINDA Y.H. CHENG<br />
 Vice President and Corporate Secretary<br />
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<td valign="top"></td>
<td colspan="2" valign="top">
<p><font size="3" face="Times New Roman">PACIFIC GAS AND ELECTRIC COMPANY</font></p>
</td>
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<tr height="10">
<td height="10" valign="top">
<p><font size="3" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="10" valign="top"></td>
<td height="10" valign="top">
<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
</tr>

<tr height="10">
<td height="10" valign="top"></td>
<td height="10" valign="top"></td>
<td height="10" valign="top"></td>
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<p><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p><font size="3" face="Times New Roman">By:&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p><u><font size="3" face="Times New Roman">LINDA Y.H. CHENG</font></u></p>
</td>
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<p><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top"></td>
<td valign="top">
<p><font size="3" face="Times New Roman">LINDA Y.H. CHENG<br />
 Vice President and Corporate Secretary</font></p>
</td>
</tr>
</table>

<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p><font size="3" face="Times New Roman">Dated:&nbsp; January 9, 2006</font></p>

<p align="center"><font size="3" face="Times New Roman"></font></p>

<hr>

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</font>

<p align="center"><font size="3" face="Times New Roman"></font></p>

<p align="center"><font size="2" face="Times New Roman">EXHIBIT INDEX</font></p>

<p><font size="3" face="Times New Roman"></font></p>

<p><font size="3" face="Times New Roman"></font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr height="24">
<td height="24" valign="top">
<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="24" valign="top"></td>
</tr>

<tr height="24">
<td height="24" valign="top">
<p><font size="3" face="Times New Roman">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="24" valign="top">
<p><font size="3" face="Times New Roman">Form of Restricted Stock Agreement under the PG&amp;E Corporation 2006 Long-Term Incentive Plan</font></p>
</td>
</tr>

<tr height="24">
<td height="24" valign="top">
<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="24" valign="top"></td>
</tr>

<tr height="24">
<td height="24" valign="top">
<p><font size="3" face="Times New Roman">99.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td height="24" valign="top">
<p><font size="3" face="Times New Roman">Form of Performance Share Agreement under the PG&amp;E Corporation 2006 Long-Term Incentive Plan</font></p>
</td>
</tr>
</table>

<p><font size="3" face="Times New Roman"></font></p>

<p><font size="3" face="Times New Roman"></font></p>

<p><font size="3" face="Times New Roman"></font></p>
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{"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": "06519966"}, "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"}}
Form 8-K
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: January 3, 2006
(Date of earliest event reported)
PG&E CORPORATION
(Exact Name of Registrant as specified in Charter)
California
1-2609
94-323914
(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 1.01 – Entry into a Material Definitive Agreement
Consistent with PG&E Corporation's past practice of granting equity incentives on the first business day of the year, on January 3, 2006, PG&E Corporation granted restricted stock and performance shares under the
PG&E Corporation 2006 Long-Term Incentive Plan (LTIP) to key employees and executive officers of PG&E Corporation and its subsidiary, Pacific Gas and Electric Company (Utility).  PG&E Corporation's and the Utility's Current Report on Form
8-K dated December 21, 2005 describes the terms of the restricted stock and performance shares which description is hereby incorporated by reference.  The 2006 LTIP has previously been filed with the Securities and Exchange Commission.  The forms of
the restricted stock award and performance share agreements are attached hereto as Exhibits 99.1 and 99.2, respectively.
Item 9.01.  Financial Statements and Exhibits
(c)  Exhibits
99.1
Form of Restricted Stock Agreement under the PG&E Corporation 2006 Long-Term Incentive Plan
99.2
Form of Performance Share Agreement under the PG&E Corporation 2006 Long-Term Incentive Plan
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:
LINDA Y.H. CHENG
LINDA Y.H. CHENG
Vice President and Corporate Secretary
PACIFIC GAS AND ELECTRIC COMPANY
By:
LINDA Y.H. CHENG
LINDA Y.H. CHENG
Vice President and Corporate Secretary
Dated:  January 9, 2006
EXHIBIT INDEX
99.1
Form of Restricted Stock Agreement under the PG&E Corporation 2006 Long-Term Incentive Plan
99.2
Form of Performance Share Agreement under the PG&E Corporation 2006 Long-Term Incentive Plan