Ownership Submission
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 *
JOHNS CHRISTOPHER P
   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)
SVP, CFO, and Treasurer
(Last)
(First)
(Middle)
PG&E CORPORATION, ONE MARKET, SPEAR TOWER, SUITE 2400		 3. Date of Earliest Transaction (Month/Day/Year)
03/16/2006
(Street)

SAN FRANCISCO, CA 94105		 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 03/16/2006   M   36,300 A $ 16.01 67,447.27 D  
Common Stock 03/16/2006   S   6,210 D $ 40.45 61,237.27 D  
Common Stock 03/16/2006   S   2,328 D $ 40.46 58,909.27 D  
Common Stock 03/16/2006   S   1,811 D $ 40.47 57,098.27 D  
Common Stock 03/16/2006   S   711 D $ 40.48 56,387.27 D  
Common Stock 03/16/2006   S   517 D $ 40.49 55,870.27 D  
Common Stock 03/16/2006   S   1,294 D $ 40.5 54,576.27 D  
Common Stock 03/16/2006   S   453 D $ 40.52 54,123.27 D  
Common Stock 03/16/2006   S   4,269 D $ 40.53 49,854.27 D  
Common Stock 03/16/2006   S   9,960 D $ 40.54 39,894.27 D  
Common Stock 03/16/2006   S   4,139 D $ 40.55 35,755.27 D  
Common Stock 03/16/2006   S   1,423 D $ 40.56 34,332.27 D  
Common Stock 03/16/2006   S   1,358 D $ 40.57 32,974.27 D  
Common Stock 03/16/2006   S   857 D $ 40.58 32,117.27 D  
Common Stock 03/16/2006   S   970 D $ 40.59 31,147.27 (1) D  
Common Stock               2,260.66 (2) I Held by Trustee of PG&E Corporation Retirement Savings Plan

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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) $ 16.01 03/16/2006   M     36,300   (3) 08/16/2011 Common Stock 36,300 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
JOHNS CHRISTOPHER P
PG&E CORPORATION
ONE MARKET, SPEAR TOWER, SUITE 2400
SAN FRANCISCO, CA 94105		       SVP, CFO, and Treasurer  

Signatures

 Eric Montizambert, Attorney-in-Fact for Christopher P. Johns (signed Power of Attorney on file with SEC)   03/17/2006
**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) Includes 5,407.27 Special Incentive Stock Ownership Premiums (SISOPs) (Phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program, and reflects the acquisition of 46.54 SISOPs on January 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.
(2) 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 March 16, 2006, and reflect the acquisition of approximately 18.37 shares on January 17, 2006, due to dividend reinvestment.
(3) The option vested in three equal installments on August 15, 2003, August 15, 2004, and August 15, 2005.

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