PG&E Corporation and Subsidiary Amend Credit Agreements

Details

The amendments to the Utility Revolving Credit Agreement extend the maturity date to June 20, 2031, increase the aggregate commitments to $6,250,000,000, and modify the interest rate and commitment fee pricing grids. The amendments to the Corporation Revolving Credit Agreement extend the maturity date to June 22, 2029, modify the interest rate and commitment fee pricing grids, and include collateral release terms contingent on credit ratings and secured indebtedness levels.

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.