Hunton Andrews Kurth LLP advised PG&E Corporation in connection with its offering of $500 million aggregate principal amount of its 7.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. The offering constituted a reopening of the series originally issued on September 11, 2024.

PG&E Corporation is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company (the “Utility”), a public utility operating in northern and central California. The Utility was incorporated in California in 1905. The Utility provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California. The Utility generates revenues mainly through the sale and delivery of electricity and natural gas to customers.

The Hunton Andrews Kurth team included Michael F. Fitzpatrick, Patrick C. Jamieson, Reuben H. Pearlman and Jingyi “Alice” Yao. Robert McNamara, William B. Freeman, Caitlin A. Scipioni and Katherine Gallagher provided tax advice.