Hunton Advises on Pacific Gas and Electric Company’s $1.75 Billion First Mortgage Bonds Offering
Hunton Andrews Kurth LLP advised Pacific Gas and Electric Company (“PG&E”) in connection with its issuance of (i) $1 billion aggregate principal amount of 5.700% First Mortgage Bonds due 2035 and (ii) $750 million aggregate principal amount of 6.150% First Mortgage Bonds due 2055.
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 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.
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