NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 1: General Basis of Presentation PG&E Corporation was incorporated in Cali

(Mark One)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM 10-Q/A

Amendment No. 1 to

[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2002

OR

[  ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to __________


Commission
File
Number
_______________

Exact Name of
Registrant
as specified
in its charter
_______________


State or other
Jurisdiction of
Incorporation
______________


IRS Employer
Identification
Number
___________

1-12609

PG&E Corporation

California

94-3234914

1-2348

Pacific Gas and Electric Company

California

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

Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports), and (2) have been subject to such filing requirements for the past 90 days.

Yes      x      

No              

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of latest practicable date.

Common Stock Outstanding, April 26, 2002:

PG&E Corporation

389,405,450 shares

Pacific Gas and Electric Company

Wholly-owned by PG&E Corporation


INTRODUCTORY NOTE

                    This Amendment No. 1 to the the Quarterly Report on Form 10-Q filed by PG&E Corporation and Pacific Gas and Electric Company (Utility) for the quarter ended March 31, 2002,  amends and restates in its entirety Part II, Item 4 (Submission of Matters to a Vote of Security Holders) to report the number of broker non-votes cast on  five  management proposals submitted to Utility shareholders for approval at the 2002 joint annual meeting of shareholders of PG&E Corporation and the Utility held on April 17, 2002.  The broker non-votes were omitted from the original report.    The inclusion of the broker non-votes does not affect whether these management proposals (identified as items five through nine in the joint proxy statement) were approved by the Utility’s shareholders.  Each of the five proposals requested approval of amendments to the Utility’s articles of incorporation, and therefore required approval from a majority of the Utility’s  outstanding voting stock.  The number of affirmative votes required to approve the proposals was fixed as of the record date, and the results are unaffected by the number of votes cast against the proposals, abstentions, or broker non-votes.
                    Although the full text of Part II, Item 4 is contained herein, this Amendment No. 1 does not update information for any of the matters submitted for vote to PG&E Corporation’s shareholders or any other matters submitted for vote to the Utility’s  shareholders.  This Amendment No. 1 also does not update any other disclosures to reflect developments since the original date of filing.

PART II.  OTHER INFORMATION


Item 4.  Submission of Matters to a Vote of Security Holders

PG&E Corporation:


On April 17, 2002, PG&E Corporation held its annual meeting of shareholders.  At that meeting, the shareholders voted as indicated below on the following matters:

1.  Election of the following directors to serve until the next annual meeting of shareholders or until their successors are elected and qualified (included as Item 1 in proxy statement):

For

Withheld

---------------

-------------

David R. Andrews

248,913,345

8,039,086

David A. Coulter

250,099,590

6,852,841

C. Lee Cox

248,955,573

7,996,858

William S. Davila

249,049,141

7,903,290

Robert D. Glynn, Jr.

250,437,192

6,515,239

David M. Lawrence, MD

250,383,063

6,569,368

Mary S. Metz

249,010,480

7,941,951

Carl E. Reichardt

250,443,456

6,508,975

Barry Lawson Williams

248,991,827

7,960,604

2.  Ratification of the appointment of Deloitte & Touche LLP as independent public accountants for 2002 (included as Item 2 in proxy statement):

For:

238,798,417

Against:

15,350,850

Abstain:

2,803,164


The proposal was approved by a majority of the shares represented and voting (including abstentions) with respect to this proposal, which shares voting affirmatively also constituted a majority of the required quorum.

3.  Management proposal regarding a proposed amendment to PG&E Corporation's Articles of Incorporation to implement enhancement of simple majority voting (included as Item 3 in proxy statement):

For:

191,591,222

Against:

15,982,892

Abstain:

3,506,688

Broker non-vote (1):

45,871,629


The proposal was approved by a majority of the outstanding shares.

4.  Management proposal regarding proposed amendment to PG&E Corporation's Articles of Incorporation and Bylaws to reduce the authorized range of directors and delete from the Bylaws the provision that restates the authorized range of directors as set forth in the Articles of Incorporation (included as Item 4 in proxy statement):

For:

247,259,121

Against:

5,835,720

Abstain:

3,857,590

  Broker non-vote (1):

0

The proposal was approved by a majority of the outstanding shares.

5.  Consideration of a shareholder proposal regarding independent directors (included as Item 10 in proxy statement):

For:

63,085,072

Against:

140,397,397

Abstain:

7,598,333

  Broker non-vote (1):

45,871,629


This shareholder proposal was defeated, as the number of shares voting affirmatively on the proposal constituted less than a majority of the shares represented and voting  (including abstentions but excluding broker non-votes) with respect to the proposal.

6.  Consideration of a shareholder proposal regarding poison pills (Shareholder Rights Plan) (included as Item 11 in proxy statement):

For:

136,698,687

Against:

68,676,772

Abstain:

5,705,343

  Broker non-vote (1):

45,871,629

This shareholder proposal was approved, as the number of shares voting affirmatively on the proposal constituted more than a majority of the shares represented and voting (including abstentions but excluding broker non-votes) with respect to the proposal, and the affirmative votes also constituted a majority of the required quorum.

7.  Consideration of a shareholder proposal regarding auditor services (included as Item 12 in proxy statement):

For:

87,640,402

Against:

100,707,579

Abstain:

22,732,821

Broker non-vote (1):

45,871,629

This shareholder proposal was defeated, as the number of shares voting affirmatively on the proposal constituted less than a majority of the shares represented and voting (including abstentions but excluding broker non-votes) with respect to the proposal.

8.  Consideration of a shareholder proposal regarding the Board of Directors' role (included as Item 13 in proxy statement):

For:

28,820,978

Against:

174,507,038

Abstain:

7,752,786

  Broker non-vote (1):

45,871,629

This shareholder proposal was defeated, as the number of shares voting affirmatively on the proposal constituted less than a majority of the shares represented and voting (including abstentions but excluding broker non-votes) with respect to the proposal.

9.  Consideration of a shareholder proposal regarding radioactive wastes (included as Item 14 in proxy statement):

For:

16,579,938

Against:

181,347,004

Abstain:

13,153,860

  Broker non-vote (1):

45,871,629

This shareholder proposal was defeated, as the number of shares voting affirmatively on the proposal constituted less than a majority of the shares represented and voting (including abstentions but excluding broker non-votes) with respect to the proposal.

10. Consideration of a shareholder proposal regarding confidential voting (included as Item 15 in proxy statement):

For:

62,374,367

Against:

141,389,907

Abstain:

7,316,528

  Broker non-vote (1):

45,871,629


This shareholder proposal was defeated, as the number of shares voting affirmatively on the proposal constituted less than a majority of the shares represented and voting (including abstentions but excluding broker non-votes) with respect to the proposal.

11.  Consideration of a shareholder floor proposal introduced at the annual meeting regarding annual disclosure of philanthropic links between the company and its directors was duly and properly conducted by ballot.

For:

17,922

Against:

159,866

Abstain:

0

  Broker non-vote (1):

0


This shareholder proposal was defeated, as the number of shares voting affirmatively on the proposal constituted less than a majority of the shares represented and voting (including abstentions but excluding broker non-votes) with respect to the proposal.

(1) A non-vote occurs when a broker or other nominee holding shares for a beneficial owner indicates a vote on one    or more proposals, but does not indicate a vote on other proposals because the broker or other nominee does not    have discretionary voting power as to such proposals and has not received voting instructions from the beneficial    owner as to such proposals.

Pacific Gas and Electric Company:

On April 17, 2002, Pacific Gas and Electric Company held its annual meeting of shareholders.  Shares of capital stock of Pacific Gas and Electric Company consist of shares of common stock and shares of first preferred stock. As PG&E Corporation and a subsidiary own all of the outstanding shares of common stock, they hold approximately 95% of the combined voting power of the outstanding capital stock of Pacific Gas and Electric Company.  PG&E Corporation and the subsidiary voted all of their respective shares of common stock for the nominees named in the 2002 joint proxy statement, for the ratification of the appointment of Deloitte & Touche LLP as independent public accountants for 2002, and for the five management proposals to amend Pacific Gas and Electric Company's Articles of Incorporation and Bylaws. The balance of the votes shown below were cast by holders of shares of first preferred stock. At the annual meeting, the shareholders voted as indicated below on the following matters:

1.  Election of the following directors to serve until the next annual meeting of shareholders or until their successors are elected and qualified (included as Item 1 in proxy statement):

For

Withheld

---------------

------------

David R. Andrews

339,609,614

302,968

David A. Coulter

339,614,326

298,256

C. Lee Cox

339,624,319

288,263

William S. Davila

339,623,099

289,483

Robert D. Glynn, Jr.

339,616,628

295,954

David M. Lawrence, MD

339,626,295

286,287

Mary S. Metz

339,617,986

294,596

Carl E. Reichardt

339,618,016

294,566

Gordon R. Smith

339,625,832

286,750

Barry Lawson Williams

339,624,009

288,573

2.  Ratification of the appointment of Deloitte & Touche LLP as independent public accountants for 2002 (included as Item 2 in proxy statement):

For:

339,659,728

Against:

122,714

Abstain:

130,140


The proposal was approved by a majority of the shares represented and voting (including abstentions) which shares voting affirmatively also constituted a majority of the required quorum.

3.  Management proposal regarding a proposed amendment to Pacific Gas and Electric Company's Articles of Incorporation to establish a classified board of directors (included as Item 5 in proxy statement):

For:

330,963,622

Against:

2,068,545

Abstain:

268,670

  Broker non-vote (2):

6,611,745


The proposal was approved by a majority of the outstanding shares.

4.  Management proposal regarding proposed amendments to Pacific Gas and Electric Company's Articles of Incorporation and Bylaws to reduce the authorized range of directors and transfer the provision that establishes the authorized range of directors from the Bylaws to the Articles of Incorporation (included as Item 6 in proxy statement):

For:

332,684,409

Against:

248,428

Abstain:

368,000

  Broker non-vote(2):

6,611,745

The proposal was approved by a majority of the outstanding shares.

5.  Management proposal regarding a proposed amendment to Pacific Gas and Electric Company's Articles of Incorporation and Bylaws to transfer the provision that prohibits cumulative voting in the election of directors from the Bylaws to the Articles of Incorporation (included as Item 7 in proxy statement):

For:

331,504,332

Against:

1,416,314

Abstain:

380,191

Broker non-vote(2):

6,611,745

The proposal was approved by a majority of the outstanding shares.

6.  Management Proposal regarding a proposed amendment to Pacific Gas and Electric Company's Articles of Incorporation to include constituency provision (included as item 8 in proxy statement):

For:

331,403,941

Against:

1,408,975

Abstain:

487,821

  Broker non-vote(2):

6,611,745

The proposal was approved by a majority of the outstanding shares.

7.  Management proposal regarding a proposed amendment to Pacific Gas and Electric Company's Articles of Incorporation to require that shareholder action be taken at an annual or special meeting (included as item 9 in proxy statement):

For:

331,517,507

Against:

1,439,990

Abstain:

343,340

  Broker non-vote(2):

6,611,745

The proposal was approved by a majority of the outstanding shares.

(2) A non-vote occurs when a broker or other nominee holding shares for a beneficial owner indicates a vote on one    or more proposals, but does not indicate a vote on other proposals because the broker or other nominee does not    have discretionary voting power as to such proposals and has not received voting instructions from the beneficial    owner as to such proposals.


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

PACIFIC GAS AND ELECTRIC COMPANY

BY: LINDA Y.H. CHENG                                         

        LINDA Y.H. CHENG

LINDA Y.H. CHENG

Corporate Secretary

(duly authorized officer)

Dated:   June 13, 2002