PG&E Corp. Preferred Stock Registration Effective
Ticker: PCG-PX · Form: 8-K · Filed: Sep 5, 2024 · CIK: 1004980
| Field | Detail |
|---|---|
| Company | Pg&E Corp (PCG-PX) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25, $1,000,000,000, $750,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, preferred-stock, registration-statement
Related Tickers: PCG
TL;DR
PG&E's preferred stock registration is now effective, clearing the way for potential future fundraising.
AI Summary
On September 3, 2024, PG&E Corp. filed an 8-K to report the effectiveness of its registration statement for its Series A Redeemable First Preferred Stock. This filing relates to the company's ongoing financing activities and does not involve specific new transactions or dollar amounts disclosed in this particular filing.
Why It Matters
This filing indicates that PG&E Corp. has completed a regulatory step allowing for the issuance of preferred stock, which could be used for future financing needs.
Risk Assessment
Risk Level: low — The filing is procedural and relates to the effectiveness of a registration statement, not a new debt issuance or material event.
Key Players & Entities
- PG&E Corp. (company) — Filer
- PACIFIC GAS & ELECTRIC Co (company) — Related Filer
- Series A Redeemable First Preferred Stock (security) — Subject of registration statement
FAQ
What is the purpose of this 8-K filing for PG&E Corp.?
The purpose of this 8-K filing is to report that PG&E Corp.'s registration statement for its Series A Redeemable First Preferred Stock has become effective.
When did the registration statement become effective?
The registration statement became effective on September 3, 2024.
What type of security is being registered?
The security being registered is Series A Redeemable First Preferred Stock.
Is this filing related to a specific new debt issuance or acquisition?
No, this filing primarily concerns the effectiveness of a registration statement for preferred stock, not a specific new transaction like a debt issuance or acquisition.
What is the Central Index Key (CIK) for PG&E Corp.?
The Central Index Key (CIK) for PG&E Corp. is 0001004980.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-09-05 16:39:06
Key Financial Figures
- $25 — preferred stock, cumulative, par value $25 per share, 6% nonredeemable PCG-PA
- $1,000,000,000 — ctric Company completed the sale of (i) $1,000,000,000 aggregate principal amount of Floating
- $750,000,000 — 25 (the "Floating Rate Bonds") and (ii) $750,000,000 aggregate principal amount of 5.900% Fi
Filing Documents
- d857844d8k.htm (8-K) — 53KB
- d857844dex11.htm (EX-1.1) — 546KB
- d857844dex41.htm (EX-4.1) — 592KB
- d857844dex51.htm (EX-5.1) — 10KB
- g857844g0905021346554.jpg (GRAPHIC) — 3KB
- g857844g0905073700212.jpg (GRAPHIC) — 3KB
- g857844g0905074732535.jpg (GRAPHIC) — 2KB
- g857844g0905122222772.jpg (GRAPHIC) — 4KB
- g857844g0905122222967.jpg (GRAPHIC) — 4KB
- 0001193125-24-214249.txt ( ) — 1581KB
- pcg-20240903.xsd (EX-101.SCH) — 7KB
- pcg-20240903_cal.xml (EX-101.CAL) — 1KB
- pcg-20240903_def.xml (EX-101.DEF) — 19KB
- pcg-20240903_lab.xml (EX-101.LAB) — 31KB
- pcg-20240903_pre.xml (EX-101.PRE) — 19KB
- d857844d8k_htm.xml (XML) — 17KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 1.1 Underwriting Agreement, dated as of September 3, 2024, by and among Pacific Gas and Electric Company, Barclays Capital Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC 4.1 Twenty-Fifth Supplemental Indenture, dated as of September 5, 2024, between Pacific Gas and Electric Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (including the forms of the Mortgage Bonds) 5.1 Opinion of Hunton Andrews Kurth LLP, dated September 5, 2024 23.1 Consent of Hunton Andrews Kurth LLP (included in Exhibit 5.1 above) 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. PG&E CORPORATION Date: September 5, 2024 By: /s/ Carolyn J. Burke Name: Carolyn J. Burke Title: Executive Vice President and Chief Financial Officer PACIFIC GAS AND ELECTRIC COMPANY Date: September 5, 2024 By: /s/ Stephanie N. Williams Name: Stephanie N. Williams Title: Vice President, Chief Financial Officer and Controller