Hunton Advises Pacific Gas and Electric Company on $1.25 Billion First Mortgage Bonds Offering
Hunton Andrews Kurth LLP advised Pacific Gas and Electric Company (“PG&E”) in connection with its issuance of (i) $400 million aggregate principal amount of 5.000% First Mortgage Bonds due 2028 and (ii) $850 million aggregate principal amount of 6.000% First Mortgage Bonds due 2035.
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, Jingyi “Alice” Yao and Catherine I. Bulger. Robert McNamara and William B. Freeman provided tax advice.
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