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PG&E 8-K Report, Corporate Update (Jun 3, 2026)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed June 3, 2026
Period End
June 1, 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. Leadership change8-K · Jun ’17Jun ’17
  2. Leadership change8-K · Jun ’19Jun ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Material agreement8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed June 3, 2026. Cited figures are marked; the original filing is the authoritative source.

PG&E Corporation and Pacific Gas and Electric Company report in this Form 8-K (Item 8.01, Other Events) that on June 1, 2026, the Utility entered into an Underwriting Agreement for the issuance and sale of three series of First Mortgage Bonds, and that the sale was completed on June 3, 2026.

The offering comprises $800,000,000a of 5.050% First Mortgage Bonds due 2031, $800,000,000 of 5.600% First Mortgage Bonds due 2036, and $600,000,000 of 6.300% First Mortgage Bonds due 2056, for total aggregate principal of $2.2 billion. The underwriters named in the filing are BNP Paribas Securities Corp., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and RBC Capital Markets, LLC. The filing attaches the Underwriting Agreement, the Thirty-Fourth Supplemental Indenture dated June 3, 2026 between the Utility and The Bank of New York Mellon Trust Company, N.A., as Trustee (including the forms of the Mortgage Bonds), and an opinion of Hunton Andrews Kurth LLP dated June 3, 2026 with its consent.

For investors, this is a routine debt financing by the regulated utility, and the filing itself discloses no operational, earnings or guidance information. The filing does not state the use of proceeds.

02—Key points

Key Highlights

  1. On June 1, 2026, Pacific Gas and Electric Company entered into an Underwriting Agreement for three series of First Mortgage Bonds.
  2. The sale of the Mortgage Bonds was completed on June 3, 2026.
  3. 2031 Bonds: $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031.
  4. 2036 Bonds: $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036.
  5. 2056 Bonds: $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056, bringing total offering principal to $2.2 billion.
  6. Underwriters named are BNP Paribas Securities Corp., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and RBC Capital Markets, LLC.
  7. Bonds were issued under the Thirty-Fourth Supplemental Indenture dated June 3, 2026 with The Bank of New York Mellon Trust Company, N.A., as Trustee.

03—Questions

Frequently Asked Questions

  1. What securities were issued in this transaction?

    Pacific Gas and Electric Company issued three series of First Mortgage Bonds: $800 million of 5.050% bonds due 2031, $800 million of 5.600% bonds due 2036, and $600 million of 6.300% bonds due 2056.

  2. When was the offering agreed and when did it close?

    The Underwriting Agreement was entered into on June 1, 2026, and the Utility completed the sale of the Mortgage Bonds on June 3, 2026.

  3. Who underwrote the offering?

    The Underwriting Agreement is with BNP Paribas Securities Corp., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and RBC Capital Markets, LLC.

  4. Does this filing describe the use of proceeds or any financial results?

    No. The filing covers only the bond issuance and its exhibits, and it does not state the use of proceeds, earnings, or any guidance.

  5. Under what legal framework were the bonds issued?

    The bonds were issued under the Thirty-Fourth Supplemental Indenture dated June 3, 2026, between the Utility and The Bank of New York Mellon Trust Company, N.A., as Trustee. Hunton Andrews Kurth LLP provided a legal opinion dated June 3, 2026.

04—Continue

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