Sec Form 4/A Filing - JACKSON RUSSELL M @ PG&E CORP - 2007-01-03

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FORM 4/A
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
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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1. Name and Address of Reporting Person
JACKSON RUSSELL M
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, Human Resources
(Last) (First) (Middle)
PG&E CORPORATION, ONE MARKET, SPEAR TOWER, SUITE 2400
3. Date of Earliest Transaction (MM/DD/YY)
01/03/2007
(Street)
SAN FRANCISCO, CA94105
4. If Amendment, Date Original Filed (MM/DD/YY)
01/05/2007
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 01/03/2007 A 51.37 ( 1 ) A $ 0 12,625.19 D
Common Stock 01/03/2007 M 4,850 A $ 14.61 17,475.19 D
Common Stock 01/03/2007 S( 2 ) 4,100 D $ 47.3 13,375.19 D
Common Stock 01/03/2007 S( 2 ) 750 D $ 47.35 12,625.19 D
Common Stock 01/03/2007 M 3,362 A $ 27.23 15,987.19 D
Common Stock 01/03/2007 S( 2 ) 1,050 D $ 47.35 14,937.19 D
Common Stock 01/03/2007 S( 2 ) 200 D $ 47.37 14,737.19 D
Common Stock 01/03/2007 S( 2 ) 1,900 D $ 47.4 12,837.19 D
Common Stock 01/03/2007 S( 2 ) 212 D $ 47.43 12,625.19 D
Common Stock 01/03/2007 M 4,350 A $ 33.02 16,975.19 D
Common Stock 01/03/2007 S( 2 ) 850 D $ 47.43 16,125.19 D
Common Stock 01/03/2007 S( 2 ) 700 D $ 47.44 15,425.19 D
Common Stock 01/03/2007 S( 2 ) 2,800 D $ 47.45 12,625.19 D
Common Stock 01/03/2007 A 3,640 ( 3 ) A $ 0 16,265.19 D
Common Stock 01/03/2007 S( 2 ) 2,100 D $ 47.3 14,165.19 D
Common Stock 01/03/2007 S( 2 ) 900 D $ 47.35 13,265.19 D
Common Stock 01/03/2007 S( 2 ) 900 D $ 47.4 12,365.19 D
Common Stock 01/03/2007 S( 2 ) 43 D $ 47.42 12,322.19 D
Common Stock 01/03/2007 S( 2 ) 800 D $ 47.43 11,522.19 D
Common Stock 01/04/2007 S( 2 ) 443 D $ 47.05 11,079.19 ( 4 ) D
Common Stock 655.7 ( 5 ) I Held by Trustee of PG&E Corporation Retirement Savings Plan
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 01/03/2007 M 4,850 ( 6 ) 01/03/2013 Common Stock 4,850 $ 0 0 D
Stock Option (Right-to-Buy) $ 27.23 01/03/2007 M 3,362 ( 6 ) 01/03/2014 Common Stock 3,362 $ 0 3,362 D
Stock Option (Right-to-Buy) $ 33.02 01/03/2007 M 4,350 ( 7 ) 01/04/2015 Common Stock 4,350 $ 0 8,700 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JACKSON RUSSELL M
PG&E CORPORATION
ONE MARKET, SPEAR TOWER, SUITE 2400
SAN FRANCISCO, CA94105
SVP, Human Resources
Signatures
Eric Montizambert, Attorney-in-Fact for Russell M. Jackson (signed Power of Attorney on file with SEC) 01/08/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to 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 )Transaction pursuant to reporting person's Rule 10b5-1 instruction.
( 3 )Restricted shares granted under the PG&E Corporation 2006 Long-Term Incentive Plan.
( 4 )Includes 131.19 Special Incentive Stock Ownership Premiums (SISOPs) (Phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program, and reflects the acquisition of 0.65 SISOPs on July 17, 2006, and 0.62 SISOPs on October 16, 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 forefeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment.
( 5 )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 January 3, 2007, and reflect the acquisition of approximately 4.53 shares on July 17, 2006, and 4.88 shares on October 16, 2006, due to dividend reinvestment.
( 6 )The option vested on January 2, 2007.
( 7 )The option vested on January 3, 2007.

Remarks:
REMARKS: This amendment is being filed to correct typographical and computational errors.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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