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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PG&E Corporation | NYSE:PCG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.69% | 17.53 | 17.65 | 17.29 | 17.40 | 9,537,074 | 22:26:43 |
Commission
File Number
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Exact Name of Registrant
as specified in its charter
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State or Other Jurisdiction of
Incorporation or Organization
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IRS Employer
Identification Number
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001-12609
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PG&E CORPORATION
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California
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94-3234914
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001-02348
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PACIFIC GAS AND ELECTRIC COMPANY
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California
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94-0742640
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77 BEALE STREET
P.O. BOX 770000
SAN FRANCISCO, California 94177
(Address of principal executive offices) (Zip Code)
(415) 973-1000
(Registrant’s telephone number, including area code)
|
77 BEALE STREET
P.O. BOX 770000
SAN FRANCISCO, California 94177
(Address of principal executive offices) (Zip Code)
(415) 973-7000
(Registrant’s telephone number, including area code)
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading Symbol(s)
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Name of each exchange
on which registered
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Common stock, no par value
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PCG
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NYSE
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First preferred stock, cumulative, par value $25 per share, 5% series A redeemable
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PCG-PE
|
NYSE American LLC
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First preferred stock, cumulative, par value $25 per share, 5% redeemable
|
PCG-PD
|
NYSE American LLC
|
First preferred stock, cumulative, par value $25 per share, 4.80% redeemable
|
PCG-PG
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NYSE American LLC
|
First preferred stock, cumulative, par value $25 per share, 4.50% redeemable
|
PCG-PH
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NYSE American LLC
|
First preferred stock, cumulative, par value $25 per share, 4.36% series A redeemable
|
PCG-PI
|
NYSE American LLC
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First preferred stock, cumulative, par value $25 per share, 6% nonredeemable
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PCG-PA
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NYSE American LLC
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First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable
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PCG-PB
|
NYSE American LLC
|
First preferred stock, cumulative, par value $25 per share, 5% nonredeemable
|
PCG-PC
|
NYSE American LLC
|
Emerging growth company
|
PG&E Corporation
|
☐
|
Emerging growth company
|
Pacific Gas and Electric Company
|
☐
|
PG&E Corporation
|
☐
|
Pacific Gas and Electric Company
|
☐
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● |
Utility Short-Term Senior Notes: Currently outstanding Utility notes
maturing through 2022 in an aggregate principal amount of $1.75 billion (the “Utility Short-Term Senior Notes”) will receive new Utility secured notes in the following aggregate principal amounts: $875 million of new Utility 3.45%
secured notes due 2025 and $875 million of new Utility 3.75% secured notes due 2028 (together, the “New Utility Short-Term Notes”). The New Utility Short-Term Notes will otherwise have substantially similar terms and conditions as the
Utility’s 6.05% Senior Notes due March 1, 2034. Additionally, holders of claims arising out of the Utility Short-Term Senior Notes will receive cash in an amount equal to the sum of (1) the amount of pre-petition interest outstanding on
the Utility Short-Term Senior Notes calculated using the applicable non-default contract rate and (2) interest calculated using the federal judgment rate on the sum of (A) the applicable principal amount of the Utility Short-Term Senior
Notes and (B) the amount in clause (1) for the period commencing on the day after the Petition Date and ending on the effective date of the Proposed Plan (such date, the “Effective Date”).
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|
● |
Utility Long-Term Senior Notes: All long-term Utility notes bearing an
interest rate greater than 5%, of which there is an aggregate principal amount outstanding of $6.2 billion (the “Utility Long-Term Senior Notes”), will receive new Utility secured notes in the following aggregate principal amounts: $3.1
billion of new Utility 4.55% secured notes due 2030 and $3.1 billion of new Utility 4.95% secured notes due 2050 (together, the “New Utility Long-Term Notes”). The New Utility Long-Term Notes will otherwise have substantially similar
terms and conditions as the Utility’s 3.95% Senior Notes due December 1, 2047. Additionally, holders of claims arising out of the Utility Long-Term Senior Notes will receive cash in an amount equal to the sum of (1) the amount of
pre-petition interest outstanding on the Utility Long-Term Senior Notes calculated using the applicable non-default contract rate and (2) interest calculated using the federal judgment rate on the sum of (A) the applicable principal
amount of the Utility Long-Term Senior Notes and (B) the amount in clause (1) for the period commencing on the Petition Date and ending on the Effective Date.
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|
● |
Utility Reinstated Senior Notes: The remaining outstanding $9.575
billion aggregate principal amount of Utility notes (the “Utility Reinstated Senior Notes”) will be reinstated on their contractual terms, including being secured equally and ratably with the New Utility Short-Term Notes and the New
Utility Long-Term Notes.
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|
● |
Utility Funded Debt: Holders of the Utility’s pre-petition credit
facilities and Pollution Control bonds (collectively, the “Utility Funded Debt”) will receive new Utility secured notes in the following aggregate principal amounts: $1.999 billion in new Utility 3.15% senior secured notes due 2025, and
$1.999 billion in new Utility 4.5% senior secured notes due 2040 (the “New Utility Funded Debt Exchange Notes”). The New Utility Funded Debt Exchange Notes will otherwise have substantially similar terms and conditions as the Utility’s
6.05% Senior Notes due March 1, 2034. Additionally, holders of claims arising out of the Utility Funded Debt will receive cash in an amount equal to the sum of (1) the amount of pre-Petition Date interest outstanding on the Utility
Funded Debt calculated using the applicable non-default contract rate, (2) fees and charges and other obligations owed as of the Petition Date in respect of the Utility Funded Debt, (3) reasonable attorneys fees and expenses of counsel,
subject a maximum of $6 million and (4) interest calculated using the federal judgment rate on the sum of (A) the applicable principal amount of the Utility Funded Debt and (B) the amount in clauses (1) and (2) for the period commencing
on the Petition Date and ending on the Effective Date.
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Exhibit Number
|
Description
|
|
|
||
|
||
104
|
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
|
PG&E CORPORATION | ||||
|
By:
|
/s/ JASON P. WELLS | ||
Dated: January 22, 2020 | Name: | Jason P. Wells | ||
Title: | Executive Vice President and Chief Financial Officer | |||
PACIFIC GAS AND ELECTRIC COMPANY | ||||
|
By:
|
/s/ DAVID S. THOMASON | ||
Dated: January 22, 2020 | Name: | David S. Thomason | ||
Title: | Vice President, Chief Financial Officer and Controller | |||
1 Year PG&E Chart |
1 Month PG&E Chart |
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