# PG&E Corp (PCG-PX) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_52e37bcc0d889d040cef · retrieved 2026-08-11T15:50:21.233Z

## Overview
Pacific Gas and Electric Company is a California-incorporated utility company that provides electric and gas services; it operates under regulation by the California Public Utilities Commission.

Pacific Gas and Electric Company entered into an underwriting agreement on July 27, 2026 to issue $700 million aggregate principal amount of 5.250% First Mortgage Bonds due February 1, 2032 and $1,000 million aggregate principal amount of 5.850% First Mortgage Bonds due November 1, 2036. The company completed the sale of these mortgage bonds on August 4, 2026. The net proceeds (approximately $1,686,269,000 after deducting underwriting discounts) are expected to be used to purchase up to $1,200,000,000 of senior notes and first mortgage bonds pursuant to a tender offer, redeem $450,000,000 aggregate principal amount of 5.450% First Mortgage Bonds due June 15, 2027, and for general corporate purposes including debt repayment.

## Terms
- Counterparty: Barclays Capital Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., and other underwriters · Deal value: $1.70B · Consideration: cash

## Key dates
- Announced 2026-08-04

## Timeline
- 2026-08-04 · 8-K (0001193125-26-332848): 8-K - PG&E Corp — *Pacific Gas and Electric Company is a California-incorporated utility company that provides electric and gas services; it operates under regulation by the California Public Utilities Commission.* Pacific Gas and Electric Company entered into an underwriting agreement on July 27, 2026 to issue $700 million aggregate principal amount of 5.250% First Mortgage Bonds due February 1, 2032 and $1,000 million aggregate principal amount of 5.850% First Mortgage Bonds due November 1, 2036. The company completed the sale of these mortgage bonds on August 4, 2026. The net proceeds (approximately $1,686,269,000 after deducting underwriting discounts) are expected to be used to purchase up to $1,200,000,000 of senior notes and first mortgage bonds pursuant to a tender offer, redeem $450,000,000 aggregate principal amount of 5.450% First Mortgage Bonds due June 15, 2027, and for general corporate purposes including debt repayment.
  https://www.sec.gov/Archives/edgar/data/1004980/0001193125-26-332848.txt

## Citations
- 0001193125-26-332848 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526332848