Pacific Gas and Electric Company Announces Cash Tender Offers
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OAKLAND, Calif., July 27, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (the "Company") today announced the commencement of cash tender offers ("Tender Offers") to purchase up to an aggregate principal amount that will not result in an aggregate purchase price that exceeds $1,000,000,000 (subject to increase or decrease by the Company, the "Aggregate Maximum Tender Amount") of its outstanding 3.30% Senior Notes due December 1, 2027 (the "3.30% Senior Notes") and 2.10% First Mortgage Bonds due August 1, 2027 (the "2.10% First Mortgage Bonds" and, together with the 3.30% Senior Notes, the "Bonds" and, each series, a "series of Bonds"), subject to the order of priority (the "Acceptance Priority Levels" as set forth in the table below under "Acceptance Priority Level"). The price offered in the Tender Offers and other information relating to the Tender Offers are set forth in the table below. Title of Bonds CUSIP Numbers 1 Aggregate Principal Amount Outstanding 2 Acceptance Priority Level 3 Reference U.S. Treasury Security Bloomberg Reference Page 4 Fixed Spread (basis points) 3.30% Senior Notes due December 1, 2027 694308 HW0 (SEC Registered) / 694308 HV2 (144A) $1,150,000,000 1 3.875% U.S. Treasury due November 30, 2027 FIT4 +20 2.10% First Mortgage Bonds due August 1, 2027 694308 JF5 $1,000,000,000 2 3.875% U.S. Treasury due July 31, 2027 FIT4 +20 1. No...
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