PG&E CORP
EX 10.37.2
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<TYPE>EX-10.37-2
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<DESCRIPTION>EX 10.37.2
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<BR></FONT><FONT SIZE=2><B>Exhibit 10.37.2    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>AGREEMENT AND RELEASE  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>December&nbsp;20,
2002 </FONT></P>

<P><FONT SIZE=2>To:
Bruce R. Worthington </FONT></P>

<P><FONT SIZE=2>Dear
Bruce: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
letter agreement (the "Agreement") by and between PG&amp;E Corporation (the "Company"), as grantor of the trust pursuant to the Supplemental Executive Retirement Plan of Pacific Gas and
Electric Company (the "SERP"), and you ("Executive"), addresses Executive's benefits under the SERP. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>RECITALS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;Executive
is a participant in the SERP. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;The
Company has agreed to purchase annuity contracts on Executive's behalf with AIG Life Insurance Company and John Hancock Life Insurance Company in complete
satisfaction of Executive's benefits accrued under the SERP through December&nbsp;31, 2001. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>AGREEMENTS AND ACKNOWLEDGMENTS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;In
consideration of the establishment and funding of contract number GA-1147 with AIG Life Insurance Company and contract number 15340 with John Hancock Life
Insurance Company (the "Annuity Contracts") and the delivery to Executive of certificates under the Annuity Contracts, Executive acknowledges and agrees that all of Executive's benefits accrued under
the SERP as of December&nbsp;31, 2001 ("Accrued Benefits") have been fully satisfied and discharged. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Executive
further acknowledges and agrees that the Company, Pacific Gas and Electric Company and their subsidiaries and affiliates shall have no further liability or
obligation with respect to payment of the Accrued Benefits. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Executive
further agrees that any claim or dispute related to the Accrued Benefits shall relate not to the SERP but rather solely to the Annuity Contracts, and Executive
releases from all liability and agrees not to bring any claim, complaint or dispute against the SERP, the trust pursuant to the SERP, the Company, Pacific Gas and Electric Company or any of their
subsidiaries, affiliates, officers, employees or consultants with respect to the Accrued Benefits. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;The
Company and Executive agree that all of their respective rights under Section&nbsp;1542 of the Civil Code of the State of California, arising at any time prior to
the date this Agreement is mutually executed by the parties, which are related or in any manner incidental to the matters encompassed by this Agreement are hereby waived. Section&nbsp;1542 provides
as follows: </FONT></P>

<UL>
<UL>

<P><FONT SIZE=2><B>"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST
HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."</B></FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement constitutes the entire agreement between Executive and the Company with respect to the subject matter of this Agreement and may only be modified or amended by a writing
signed by Executive and the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
signing below, you agree to all the terms of this Agreement. </FONT></P>

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<TD WIDTH="48%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>PG&amp;E CORPORATION</FONT></TD>
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<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="48%" ALIGN="CENTER"><BR><FONT SIZE=2>G. BRENT STANLEY</FONT><HR NOSHADE><FONT SIZE=2> G. Brent Stanley<BR></FONT> <FONT SIZE=2><I>Senior Vice President</I></FONT></TD>
</TR>
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&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="48%" ALIGN="CENTER"><BR><FONT SIZE=2>BRUCE R. WORTHINGTON</FONT><HR NOSHADE><FONT SIZE=2> Bruce R. Worthington</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>[AGREEMENT
AND RELEASE BY AND BETWEEN PG&amp;E CORPORATION AND [EXECUTIVE]] </FONT></P>

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