PG&E subsidiary issues $1.75B in first mortgage bonds across two tranches

PG&E Corp

$1.0B Floating Rate First Mortgage Bonds due 2025 sold by Pacific Gas and Electric Company.
$750M 5.900% First Mortgage Bonds due 2054 sold concurrently.
Sale completed on September 5, 2024; underwriting syndicate led by Barclays, J.P. Morgan, MUFG, and Wells Fargo.
Bonds are secured by first mortgage on utility property; proceeds for general corporate purposes.

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