Exhibit 99
PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF JULY 31, 2002
(in millions, except share amounts)
			July, 2002
ASSETS
Current Assets
	Cash and cash equivalents		$               3,897
	Accounts receivable:
		Customers (net of allowance for doubtful accounts of $52 million)	1,933
		Related parties	31
		Regulatory balancing accounts	159
	Inventories:
		Gas stored underground and fuel oil	175
		Materials and supplies	124
	Prepaid expenses and other		56
	Total current assets		6,375
Property, Plant, and Equipment
	Electric		18,579
	Gas		7,923
	Construction work in progress		380
	Total property, plant, and equipment (at original cost)		26,882
	Accumulated depreciation and decommissioning		(13,215)
Net property, plant, and equipment			13,667
Other Noncurrent Assets
	Regulatory assets		2,134
	Nuclear decommissioning trust funds		1,319
	Other		1,815
	Total noncurrent assets		5,268
TOTAL ASSETS			$             25,310
LIABILITIES AND EQUITY
Liabilities
	Accounts payable
		Trade creditors	$                  864
		Related parties	86
		Regulatory Balancing Accounts	264
		Other	238
	Accrued taxes		997
	Rate reduction bonds		1,559
	QUID's		-
	Deferred income taxes		959
	Deferred tax credits		148
	Pre-petition secured debt		3,055
	Pre-petition liabilities		3,792
	Pre-petition financing debt		5,661
	Other liabilities		3,390
	Total liabilities		21,013
Preferred Stock With Mandatory Redemption Provisions			137
Stockholders' Equity
	Preferred stock without mandatory redemption provisions
		Nonredeemable--5% to 6%, outstanding 5,784,825 shares	145
		Redeemable--4.36% to 7.04%, outstanding 5,973,456 shares	149
	Common stock, $5 par value, authorized 800,000,000 shares;
		issued 321,314,760 shares	1,606
	Additional paid in capital		1,964
	Reinvested earnings (Accumulated deficit)		296
	Total stockholders' equity		4,160
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			$             25,310

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE BALANCE SHEET
AS OF JULY 31, 2002
Notes
1	These unaudited financial statements are prepared for the U.S. Trustee and differ from the requirements of generally accepted accounting principles in that they exclude certain financial statements (statements of cash flows, stockholders equity, and other comprehensive income), relevant footnotes and certain reclassifications.
2	These unaudited financial statements were prepared using certain assumptions and estimates.  These assumptions and estimates are subject to revision.  Further, the amounts shown in this statement, when reported on a quarterly basis, may differ materially due to adjustments in accruals, changes in facts and circumstances, changes in estimates, further analysis, and other factors.
3	Cash and cash equivalents have been reduced for uncleared checks.  On the balance sheet included with the Utility's Annual Report, Form 10-K and 10-Q, uncleared checks are treated as an accounts payable liability.

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PACIFIC GAS AND ELECTRIC COMPANY U.S. TRUSTEE INCOME STATEMENT FOR THE MONTH ENDED JULY 31, 2002 AND THE SIXTEEN MONTHS ENDED JULY 31, 2002 (in millions)
		Case to date
	Month	sixteen months
	ended	ended
	July 31, 2002	July 31, 2002
OPERATING REVENUES	$         1,135	$      14,202
OPERATING EXPENSES:
Cost of Electric Energy	201	1,014
Cost of Gas	41	1,504
Operating and Maintenance	269	3,599
Depreciation, Decommissioning, and Amortization	106	1,330
Total Operating Expenses	617	7,447
OPERATING INCOME (LOSS)	518	6,755
Interest Income (Expense)	(70)	(1,235)
Professional Fees	(3)	(36)
Other Income and (Expense)	2	(11)
PRE-TAX INCOME (LOSS)	447	5,473
Income Taxes	182	2,133
EARNINGS (LOSS)	265	3,340
Preferred Dividend Requirement	2	33
EARNINGS (LOSS) AVAILABLE FOR    (ALLOCATED TO) COMMON STOCK	$                 263	$           3,307

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PACIFIC GAS AND ELECTRIC COMPANY
U.S. TRUSTEE INCOME STATEMENT
FOR THE MONTH ENDED JULY 31, 2002
AND THE SIXTEEN MONTHS ENDED JULY 31, 2002
Notes
1	These unaudited financial statements are prepared for the U.S. Trustee and differ from the requirements of generally accepted accounting principles in that they exclude certain financial statements (statements of cash flows, stockholders equity, and other comprehensive income), relevant footnotes and certain reclassifications.
2	These unaudited financial statements were prepared using certain assumptions and estimates.  These assumptions and estimates are subject to revision.  Further, the amounts shown in this statement, when reported on a quarterly basis, may differ materially due to adjustments in accruals, changes in facts and circumstances, changes in estimates, further analysis, and other factors.
	The results for the month of July 2002 are not indicative of future earnings.  Future earnings could differ materially.
3	These unaudited financial statements were prepared using certain assumptions and estimates, including the estimated amount payable to the California Department of Water Resources (DWR).  The estimated amount recorded was the product of the estimated amount of power purchased by the DWR on behalf of retail customers during the current month and the rate of approximately 9 cents per kilowatt hour.  The estimated amount recorded is subject to revision and actual results could differ materially from the information provided in this statement.  Revenues collected on behalf of the DWR and the related costs are not reflected in these unaudited financial statements as Pacific Gas and Electric Company is a collection agent for the DWR.
4	Case to date results reflect the sixteen month period ended July 31, 2002.  The bankruptcy petition date is April 6, 2001.