Item 5.  Other Events and Regulation FD Disclosure

          On April 15, 2004, the City and County of San Francisco (CCSF) and Aglet Consumer Alliance (Aglet) each filed a petition with the California Court of Appeal seeking review of (1) the California Public Utilities Commission’s (CPUC) December 18, 2003 decision approving the settlement agreement entered into among Pacific Gas and Electric Company (Utility), PG&E Corporation and the CPUC to resolve the Utility’s Chapter 11 case (Settlement Agreement) and (2) the CPUC’s March 16, 2004 denial of their applications for rehearing of the CPUC’s December 18, 2003 decision.  

          As previously disclosed, the parties executed the Settlement Agreement on December 19, 2003.  On December 22, 2003, the bankruptcy court confirmed the Utility’s plan of reorganization, which fully incorporated the Settlement Agreement.  On April 12, 2004, the Utility’s plan of reorganization became effective. 

          CCSF and Aglet allege that the Settlement Agreement violates California law, among other claims.  CCSF requests the appellate court to hear and review the CPUC’s decisions approving the Settlement Agreement and Aglet requests that the CPUC’s decisions be overturned.  PG&E Corporation and the Utility believe the petitions are without merit and should be denied.  The Utility’s answer in opposition to the petitions for review is due May 17, 2004.

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	PG&E CORPORATION      CHRISTOPHER P. JOHNS
	Christopher P. Johns        Senior Vice President and Controller
	PACIFIC GAS AND ELECTRIC COMPANY      DINYAR B. MISTRY
	Dinyar B. Mistry        Vice President and Controller
Dated:  April 19, 2004