secwatch.observer — SEC 8-K summary
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Issuer:     PG&E Corp (PCG)
CIK:        0001004980
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001193125-25-009579
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PG&E secures $15B DOE loan guarantee for hydro, battery, transmission projects
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- PG&E enters $15B DOE loan guarantee (Title XVII) to fund eligible energy infrastructure projects.
- Funds available quarterly until earlier of $15B drawn, Sept 2031, or guarantee termination.
- Interest rate is Treasury rate + 0.375%; increases by 300 bps upon guarantee trigger event.
- Obligations secured by first mortgage bonds; debt-to-capitalization covenant ≤65%.
- Loan matures 22 years after each advance or by Jan 2055; projects include hydro, BESS, transmission, VPP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004980/000119312525009579/0001193125-25-009579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75488/000119312525009579/d858084d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-009579

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