Hunton Andrews Kurth Advises Pacific Gas and Electric Company on $2.4 Billion First Mortgage Bonds Offering

Hunton Andrews Kurth LLP advised Pacific Gas and Electric Company (“PG&E”) in connection with its issuance of $1 billion aggregate principal amount of 3.25% First Mortgage Bonds due 2024, $400 million aggregate principal amount of 4.20% First Mortgage Bonds due 2029, $450 million aggregate principal amount of 4.40% First Mortgage Bonds due 2032 and $550 million aggregate principal amount of 5.25% First Mortgage Bonds due 2052. PG&E, a subsidiary of PG&E Corporation, is a public utility operating company in northern and central California. PG&E was incorporated in California in 1905. PG&E 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, Kevin C. Felz, Patrick C. Jamieson and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice. Robert Johnson and Christopher Hasbrouck provided real estate advice. Eric Nedell, Douglas Murphy and Ian Hutter provided credit facility advice