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PG&E 8-K Report, Corporate Update (Feb 20, 2026)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed February 20, 2026
Period End
February 18, 2026
In the record · 2016–202610-K1310-Q338-K367

PCG filed 13 annual reports (10-K), 33 quarterly reports (10-Q) and 367 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Feb ’19Feb ’19
  2. Leadership change8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Feb ’23Feb ’23
  4. Material agreement8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed February 20, 2026. Cited figures are marked; the original filing is the authoritative source.

PG&E Corporation and Pacific Gas and Electric Company filed this Form 8-K to report that, on February 18, 2026, Pacific Gas and Electric Company (the "Utility") entered into an Underwriting Agreement to issue and sell three series of First Mortgage Bonds.

The offering comprised $400,000,000a of 6.100% First Mortgage Bonds due 2029, $1,000,000,000 of 5.200% First Mortgage Bonds due 2036, and $800,000,000 of 6.000% First Mortgage Bonds due 2056. The Utility completed the sale of the bonds on February 20, 2026. The 2029 Bonds are part of an existing series issued on June 5, 2023.

Upon completion of this offering, the aggregate principal amount of outstanding 2029 Bonds is $1,250,000,000b. The total new issuance across the three series is $2.2 billion in principal amount.

The filing lists the underwriting agreement with BMO Capital Markets Corp., BofA Securities, Inc., SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC, along with the Thirty-Third Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., as Trustee, and an opinion of Hunton Andrews Kurth LLP. The filing contains no other financial results or operational disclosures.

02—Key points

Key Highlights

  1. Pacific Gas and Electric Company completed the sale of $2.2 billion in First Mortgage Bonds on February 20, 2026, following an underwriting agreement dated February 18, 2026.
  2. New issuance includes $400 million of 6.100% bonds due 2029, $1.0 billion of 5.200% bonds due 2036, and $800 million of 6.000% bonds due 2056.
  3. The 2029 Bonds are a reopening of a series first issued June 5, 2023; outstanding 2029 Bonds will total $1.25 billion after this offering.
  4. The offering was underwritten by BMO Capital Markets Corp., BofA Securities, Inc., SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC.
  5. Bonds were issued under the Thirty-Third Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., as Trustee.
  6. The filing is a Other Events disclosure (Item 8.01) and does not include financial results or guidance.

03—Questions

Frequently Asked Questions

  1. What securities did the Utility issue in this offering?

    The Utility issued $400,000,000 of 6.100% First Mortgage Bonds due 2029, $1,000,000,000 of 5.200% First Mortgage Bonds due 2036, and $800,000,000 of 6.000% First Mortgage Bonds due 2056.

  2. When was the offering completed?

    The underwriting agreement was entered into on February 18, 2026, and the Utility completed the sale of the Mortgage Bonds on February 20, 2026.

  3. How does this offering affect the existing 2029 Bonds?

    The 2029 Bonds are part of the same series issued June 5, 2023. After this offering, the aggregate outstanding principal amount of 2029 Bonds will be $1,250,000,000.

  4. Who underwrote the offering?

    The underwriters named in the filing are BMO Capital Markets Corp., BofA Securities, Inc., SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC.

  5. Where can investors find the full terms of the bonds?

    The filing states that further information on the Mortgage Bonds is in the exhibits, including the Underwriting Agreement (Exhibit 1.1), the Thirty-Third Supplemental Indenture (Exhibit 4.1), and the Hunton Andrews Kurth LLP opinion (Exhibit 5.1).

04—Continue

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