PG&E Corporation
PG&E Corporation Completes Sale of $500 Million Junior Subordinated Notes
Summary
On November 15, 2024, PG&E Corporation completed the sale of $500 million aggregate principal amount of 7.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055, pursuant to a Subordinated Note Indenture. The sale increased the total principal amount of outstanding Notes to $1.5 billion. The offering was made under the Indenture and First Supplemental Indenture dated September 11, 2024. Further details regarding the Notes can be found in the exhibits attached to this report.
Profitelligence Alerts
Get alerts for PCG
Be first to know when PG&E Corporation files with the SEC.
Filing Categories
Exhibits (3)
Advertisement
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.
Official SEC Documents
Advertisement