FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * King Thomas B   2. Issuer Name and Ticker or Trading Symbol PG&E CORP [PCG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President (Last) (First) (Middle) PACIFIC GAS AND ELECTRIC COMPANY, P.O. BOX 770000 3. Date of Earliest Transaction (Month/Day/Year) 09/01/2006 (Street) SAN FRANCISCO,, CA 94177 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 09/01/2006   M   39,650 A $ 14.61 100,840.48 D   Common Stock 09/01/2006   S(1)   900 D $ 41.69 99,940.48 D   Common Stock 09/01/2006   S(1)   100 D $ 41.7 99,840.48 D   Common Stock 09/01/2006   S(1)   1,500 D $ 41.71 98,340.48 D   Common Stock 09/01/2006   S(1)   1,000 D $ 41.73 97,340.48 D   Common Stock 09/01/2006   S(1)   100 D $ 41.74 97,240.48 D   Common Stock 09/01/2006   S(1)   2,500 D $ 41.75 94,740.48 D   Common Stock 09/01/2006   S(1)   15,450 D $ 41.76 79,290.48 D   Common Stock 09/01/2006   S(1)   700 D $ 41.77 78,590.48 D   Common Stock 09/01/2006   S(1)   200 D $ 41.78 78,390.48 D   Common Stock 09/01/2006   S(1)   200 D $ 41.79 78,190.48 D   Common Stock 09/01/2006   S(1)   5,200 D $ 41.8 72,990.48 D   Common Stock 09/01/2006   S(1)   3,100 D $ 41.81 69,890.48 D   Common Stock 09/01/2006   S(1)   4,400 D $ 41.82 65,490.48 D   Common Stock 09/01/2006   S(1)   400 D $ 41.84 65,090.48 D   Common Stock 09/01/2006   S(1)   2,300 D $ 41.85 62,790.48 D   Common Stock 09/01/2006   S(1)   1,000 D $ 41.86 61,790.48 D   Common Stock 09/01/2006   S(1)   200 D $ 41.88 61,590.48 D   Common Stock 09/01/2006   S(1)   300 D $ 41.89 61,290.48 D   Common Stock 09/01/2006   S(1)   100 D $ 41.9 61,190.48 (2) D   Common Stock               3,534.96 (3) I Held by Trustee of PG&E Corporation Retirement Savings Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy)

$ 14.61

09/01/2006

M

39,650

(4)

01/03/2013

Common Stock

39,650

$ 0

19,825

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
King Thomas B PACIFIC GAS AND ELECTRIC COMPANY P.O. BOX 770000 SAN FRANCISCO,, CA 94177			Senior Vice President

Signatures

Wondy Lee, Attorney-in-Fact for Thomas B. King (signed Power of Attorney on file with SEC)		09/05/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Transaction pursuant to reporting person's Rule 10b5-1 instruction.
(2)	Includes 9,975.49 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program, and reflects the acquisition of 83.41 SISOPs on April 17, 2006, and 82.03 SISOPs on July 17, 2006, pursuant to a dividend award feature of the PG&E Corporation Executive Stock Ownership Program. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment.
(3)	Represents the approximate number of shares of PG&E Corporation common stock held for the reporting person in the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends are automatically invested in additional units at the election of the participant. These holdings have been trued up to conform to the RSP balance at September 1, 2006, and reflect the acquisition of approximately 28.09 shares on Apri 17, 2006, and 28.23 shares on July 17, 2006, due to dividend reinvestment.
(4)	The option vested in two equal installments on January 2, 2005, and January 2, 2006.

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