PG&E Corp reported financial results for the quarter ended March 31, 2026.
“On April 23, 2026, PG&E Corporation issued a press release reporting its financial results and the financial results of its subsidiary Pacific Gas and Electric Company (the “Utility”) for the quarter ended March 31, 2026.”
Governance Changes
PG&E Corp: Utility adopted amended and restated bylaws to clarify president/CEO roles and remove allocation of CEO authority among EVPs, plus non-substantive changes (effective 2025-12-11).
“On December 11, 2025, the Board of Directors of the Utility adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day. The amendments effected by the Amended and Restated Bylaws clarify that the Utility may have a President or Chief Executive Officer and remove reference to how the chief executive officer authority may be allocated among certain Executive Vice Presidents of the Utility.”
Debt Financings
PG&E Corp incurred term loan of $500,000,000 with Wells Fargo Bank, National Association, as administrative agent at Term SOFR plus an applicable margin of 1.25%, or the alternative base rate plus maturing September 23, 2026.
“On September 24, 2025, Pacific Gas and Electric Company (the " Utility "), the several lenders and other financial institutions or entities party thereto from time to time and Wells Fargo Bank, National Association, as administrative agent (the " Administrative Agent "), entered into a $500,000,000 Term Loan Credit Agreement (the " Credit Agreement ").”
Debt Financings
PG&E Corp amended revolving credit of $5,400,000,000 with Citibank, N.A., as administrative agent at modified both the interest rate pricing grid and commitment fee pricing grid maturing June 21, 2030.
“other things, (i) extend the maturity date of such agreement to June 21, 2030, (ii) increase the aggregate commitments provided by the lenders thereunder from $4,400,000,000 to $5,400,000,000 and (iii) modify both the interest rate pricing grid and commitment fee pricing grid. The foregoing description of the Utility Amendment and the Utility Revolving Credit Agreement”
Kerry W. Cooper was appointed as Chair at PG&E Corp.
“The Board of PG&E Corporation appointed Kerry W. Cooper to be Chair of the Board of PG&E Corporation, effective upon Mr. Flexon’s resignation.”
Robert C. Flexon resigned as Chair at PG&E Corp.
“On October 11, 2024, Robert C. Flexon, a member of the boards of directors (the “Boards”) of PG&E Corporation and Pacific Gas and Electric Company (the “Utility”) and Chair of the Board of PG&E Corporation, notified PG&E Corporation and the Utility of his decision to resign from the Boards, effective October 31, 2024.”
Earnings Releases
PG&E Corp reported financial results for the quarter ended March 31, 2024.
“On April 25, 2024, PG&E Corporation issued a press release reporting its financial results and the financial results of its subsidiary Pacific Gas and Electric Company (the “Utility”), for the quarter ended March 31, 2024.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.