| 
               Date
                of Report (Date of earliest event reported) 
             | 
            
               October
                1, 2007 
             | 
          
| 
               PACIFIC
                ETHANOL, INC. 
             | 
          
| 
               (Exact
                name of registrant as specified in its
                charter) 
             | 
          
| 
               Delaware
                
                 
              (State
                or other jurisdiction 
              of
                incorporation) 
             | 
            
               000-21467
                
                 
              (Commission
                File Number) 
             | 
            
               41-2170618
                
                 
              (IRS
                Employer 
              Identification
                No.) 
             | 
          
| 
               400
                Capitol Mall, Suite 2060, Sacramento, CA 
             | 
            
               95814 
             | 
          |
| 
               (Address
                of principal executive offices) 
             | 
            
               (Zip
                Code) 
             | 
          |
| 
               Registrant’s
                telephone number, including area code: 
             | 
            
               (916)
                403-2123 
             | 
          
|  
              
               (Former
                name or former address, if changed since last report) 
             | 
          
| 
               Item
                5.02. 
             | 
            
               Departure
                of Directors or Certain Officers; Election of Directors; Appointment
                of
                Certain Officers; Compensatory Arrangements of Certain
                Officers. 
             | 
          
| 
               Item
                9.01. 
             | 
            
               Financial
                Statements and Exhibits. 
             | 
          
| 
               PACIFIC
                ETHANOL, INC. 
             | 
            |||
| 
               Date:
                October 4,
                2007 
             | 
            
               By:
                 
             | 
            /S/ CHRISTOPHER W. WRIGHT | |
| Christopher W. Wright | |||
| 
               Vice
                President, General Counsel & Secretary 
             | 
            |||