debt
confidence high
sentiment neutral
materiality 0.50
PG&E issues $2.2B in First Mortgage Bonds: $800M 5.05% (2031), $800M 5.60% (2036), $600M 6.30% (2056)
PG&E Corp
- Utility sold $800M 5.050% First Mortgage Bonds due 2031, $800M 5.600% due 2036, and $600M 6.300% due 2056.
- Issued by Pacific Gas and Electric Company; underwriting agreement dated June 1, 2026; sale completed June 3, 2026.
- Joint lead underwriters included BNP Paribas, Citigroup, MUFG, and RBC Capital Markets.
- Total debt issuance of $2.2 billion; bonds are secured by utility assets under the mortgage indenture.