Hunton Andrews Kurth Advises Pacific Gas and Electric Company on $800 Million First Mortgage Bonds Offering

Hunton Andrews Kurth LLP advised Pacific Gas and Electric Company (“PG&E”) in connection with its issuance of $800 million aggregate principal amount of 6.950% First Mortgage Bonds due 2034. The transaction closed on November 8, 2023. 

PG&E, a subsidiary of PG&E Corporation, is a public utility operating company in northern and central California. It was incorporated in California in 1905 and provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. PG&E generates revenues mainly through the sale and delivery of electricity and natural gas to customers.

The Hunton Andrews Kurth team included Michael F. Fitzpatrick Jr., Patrick C. Jamieson, Reuben H. Pearlman and Jingyi “Alice” Yao. Robert McNamara, William Freeman and Drew Hermiller provided tax advice. Jane Hinton and Christopher Hasbrouck provided real estate advice.