4-24-03 Form 8-K

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: April 24, 2003



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

Further Stay of Confirmation Trial

        As previously disclosed, Pacific Gas and Electric Company (Utility), the California Public Utilities Commission (CPUC), and certain other parties have been participating in a judicially supervised settlement conference in order to explore the possibility of resolving differences between the Utility’s proposed plan of reorganization and the alternative proposed plan of reorganization presented by the CPUC and the Official Committee of Unsecured Creditors.  In order to accommodate the settlement conference, the United States Bankruptcy Court for the Northern District of California (Bankruptcy Court) issued an order on March 11, 2003 staying all proceedings in the confirmation trial for 60 days.  On April 23, 2003, at the request of the judge who is supervising the settlement conference, the Bankruptcy Court issued an order continuing the stay on all proceedings in the confirmation trial for an additional 30 days.  The Bankruptcy Court did not stay proceedings related to ordinary case motions, claims objections, and certain other matters not related to the confirmation trial. 

        The Bankruptcy Court indicated that it will continue a status conference previously scheduled for May 12, 2003, to June 16, 2003, at which time the Bankruptcy Court will schedule further matters relating to discovery and the resumption of the confirmation trial, if necessary.


                                                                     

SIGNATURE

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

                                                                     

PG&E CORPORATION

                                                                     

By:  CHRISTOPHER P. JOHNS

                                                                     

                                                                  

                                                                     

       CHRISTOPHER P. JOHNS
       Senior Vice President and Controller

                                                                     

PACIFIC GAS AND ELECTRIC COMPANY

                                                                     

By:  DINYAR B. MISTRY

                                                                     

                                                                     

                                                                     

       DINYAR B. MISTRY

       Vice President and Controller

Dated:  April 24, 2003