Pacific Gas and Electric Company enters into a $500M Credit Agreement

Details

The agreement, which matures on September 23, 2026, involves a first mortgage bond secured by PG&E's real and personal property. Additionally, PG&E executed a Thirtieth Supplemental Indenture to issue a collateral bond for the Credit Agreement. These agreements are detailed in Exhibits 10.1 and 4.1, respectively.

Items reported

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.