Current Report Filing (8-k)
16 November 2021 - 8:32AM
Edgar (US Regulatory)
false00000754880001004980 0000075488 2021-11-10 2021-11-10 0000075488 pcg:PGAndECORPORATIONMember 2021-11-10 2021-11-10 0000075488 pcg:CommonStockNoParValueMember 2021-11-10 2021-11-10 0000075488 pcg:EquityUnitsMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare5SeriesRedeemableMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare5RedeemableMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare4.80RedeemableMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare4.50RedeemableMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare4.36SeriesRedeemableMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare6NonredeemableMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare5.50NonredeemableMember 2021-11-10 2021-11-10 0000075488 pcg:FirstPreferredStockCumulativeParValue25PerShare5NonredeemableMember 2021-11-10 2021-11-10
SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: November 10, 2021
(Date of earliest event reported)
|
|
|
|
|
|
|
|
|
Exact Name of Registrant
as specified in its charter
|
|
State or Other Jurisdiction of
Incorporation or Organization
|
|
IRS Employer
Identification Number
|
1-12609
|
|
PG&E CORPORATION
|
|
California
|
|
94-3234914
|
1-2348
|
|
PACIFIC GAS AND ELECTRIC COMPANY
|
|
California
|
|
94-0742640
|
|
|
|
|
|
|
San Francisco, California 94177
(Address of principal executive offices) (Zip Code)
|
|
San Francisco, California 94177
(Address of principal executive offices) (Zip Code)
|
|
|
(Registrant’s telephone number, including area code)
|
|
(Registrant’s telephone number, including area code)
|
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
☐
|
Soliciting Material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
|
|
☐
|
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
|
|
☐
|
Pre-commencement communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
|
|
|
|
|
Common stock, no par value
|
|
|
|
The New York Stock Exchange
|
|
|
|
|
The New York Stock Exchange
|
First preferred stock, cumulative, par value $25 per share, 5% series A redeemable
|
|
|
|
|
First preferred stock, cumulative, par value $25 per share, 5% redeemable
|
|
|
|
|
First preferred stock, cumulative, par value $25 per share, 4.80% redeemable
|
|
|
|
|
First preferred stock, cumulative, par value $25 per share, 4.50% redeemable
|
|
|
|
|
First preferred stock, cumulative, par value $25 per share, 4.36% series A redeemable
|
|
|
|
|
First preferred stock, cumulative, par value $25 per share, 6% nonredeemable
|
|
|
|
|
First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable
|
|
|
|
|
First preferred stock, cumulative, par value $25 per share, 5% nonredeemable
|
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company PG&E Corporation ☐
Emerging growth company Pacific Gas and Electric Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
PG&E Corporation ☐
Pacific Gas and Electric Company ☐
On November 15, 2021, Pacific Gas and Electric Company (the “
Utility
”) completed the sale of (i) $300,000,000 aggregate principal amount of Floating Rate First Mortgage Bonds due 2022 (the “
Floating Rate Bonds
”), (ii) $900,000,000 aggregate principal amount of 1.70% First Mortgage Bonds due 2023 (the “
2023 Bonds
”) and (iii) $550,000,000 aggregate principal amount of 3.25% First Mortgage Bonds due 2031 (the “
2031 Bonds
” and, together with the Floating Rate Bonds and the 2023 Bonds, the “
Mortgage Bonds
”). The 2031 Bonds are part of the same series of debt securities issued by the Utility on March 11, 2021. Upon completion of this offering, the aggregate principal amount of outstanding 2031 Bonds was $1,000,000,000. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.
|
Financial Statements and Exhibits
|
|
|
|
|
|
|
|
|
1.1
|
|
Underwriting Agreement, dated November 10, 2021, by and among Pacific Gas and Electric Company, Barclays Capital Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC
|
|
|
4.1
|
|
Twelfth Supplemental Indenture, dated as of November 15, 2021, relating to the Floating Rate Bonds and the 2023 Bonds, between Pacific Gas and Electric Company and the Trustee (including the forms of Floating Rate Bonds and 2023 Bonds)
|
|
|
4.2
|
|
Eighth Supplemental Indenture, dated as of March 11, 2021, relating to the 2031 Bonds, between Pacific Gas and Electric Company and the Trustee (including the form of 2031 Bond) (incorporated by reference to Pacific Gas and Electric Company’s and PG&E Corporation’s in Form 8-K dated March 8, 2021 (File No. 1-2348)(File No. 1-12609), Exhibit 4.1)
|
|
|
5.1
|
|
Opinion of Hunton Andrews Kurth LLP, dated November 15, 2021
|
|
|
23.1
|
|
Consent of Hunton Andrews Kurth LLP (included in Exhibit 5.1 above)
|
|
|
104
|
|
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
|
/s/ CHRISTOPHER A. FOSTER
|
|
|
|
|
Christopher A. Foster
|
Dated: November 15, 2021
|
|
|
|
Executive Vice President and Chief Financial Officer
|
|
|
|
|
|
|
|
PACIFIC GAS AND ELECTRIC COMPANY
|
|
|
|
|
|
By:
|
|
|
|
|
|
|
David S. Thomason
|
Dated: November 15, 2021
|
|
|
|
Vice President, Chief Financial Officer and Controller
|
PG&E (NYSE:PCG)
Historical Stock Chart
From Apr 2024 to May 2024
PG&E (NYSE:PCG)
Historical Stock Chart
From May 2023 to May 2024