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Form 8-K · Current Report · Filed 2024-02-28

Pacific Gas and Electric Company Completed Sale of $2.25B in Mortgage Bonds

On February 28, 2024, Pacific Gas and Electric Company completed the sale of $850M of 5.550% First Mortgage Bonds due 2029, $1.1B of 5.800% First Mortgage Bonds due 2034, and $300M of 6.750% First Mortgage Bonds due 2053, totaling $2.25B.

Filer
PG&E Corporation PCG · NYSE
Filed
Accession
0001193125-24-050712
CIK
0001004980
Signal
High impactUtilities

Details

These bonds are part of the company's broader debt offerings. For detailed information, refer to the attached supplemental indentures and underwriting agreement.

Items reported

Item 8.01

Other Events

Regulatory Investigation Regulatory Approval Regulatory Denial SEC Subpoena Lawsuit Filed Major Legal Settlement
Item 9.01

Financial Statements and Exhibits

Acquired Business Financial Statements Pro Forma Financial Information Exhibits Furnished

Market reaction

Close before filing

$16.59

Next session

+0.6%

Since filing

+4.8%

Latest close

$17.38

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from PCG reporting the same item, with the next session's move:

Exhibits (3)

About PG&E Corporation

PG&E Corporation is a prominent energy infrastructure company engaged in delivering gas and electricity services to millions of customers, primarily in Northern and Central California. As a critical player in the utility sector, PG&E focuses on generating, transmitting, and distributing energy while upholding commitments to safety, reliability, and environmental stewardship. The company plays a vital role in supporting regional economies by facilitating energy needs for residential, commercial, and industrial users. PG&E Corporation is also at the forefront of integrating renewable energy sources, contributing to California's ambitious climate goals. By managing a vast network of power lines and gas pipelines, PG&E ensures consistent energy provision in a region prone to environmental challenges such as wildfires and earthquakes. As a major utility provider, PG&E's performance and strategic initiatives significantly impact regulatory environments, energy markets, and sustainability efforts in the burgeoning clean energy transition. Headquartered in San Francisco, California, PG&E Corporation's efforts in modernizing infrastructure and investing in technology aim to enhance grid resilience and customer service across its expansive service area.

Exchange NYSE Industry Utilities - Regulated Electric Company website ↗

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