PG&E Us SEC Filings

Pacific Gas and Electric Company entered into a $500,000,000 Term Loan Credit Agreement dated September 24, 2025, and borrowed the full amount that day. The loans mature on September 23, 2026, and bear interest at either Term SOFR + 1.25% or an alternative base rate + 0.25% depending on the borrower’s election. The Utility secured the obligations by issuing a first mortgage bond under a Thirtieth Supplemental Indenture, creating a first lien on substantially all real property and certain tangible personal property, ranking pari passu with its other first mortgage bonds. The Credit Agreement contains customary covenants and restricts liens, sale-leaseback transactions, fundamental changes, swaps and Mortgage Indenture modifications. It also requires the Utility to maintain a total consolidated debt to consolidated capitalization ratio of no greater than 65% at each fiscal quarter end and contains standard default and cross-default provisions.

PG&E Corp (PCG) disclosed a multi-year non-GAAP performance plan that targets 2025 non-GAAP Core EPS of $1.48–$1.52 and annual non-GAAP Core EPS growth of at least 9% from 2026–2028. The company also targets 2023–2028 compound annual rate base growth of 10%, and states that common equity issuance for the 2024–2028 plan is complete.

The filing includes a non-GAAP reconciliation (Exhibit 99.1) and an Inline XBRL cover page (Exhibit 104). These items provide the company’s performance targets and the reconciliation needed to understand how the non-GAAP Core EPS measures are derived.

PG&E Corporation (PCG) insider filing: Kaled Awada, EVP and Chief People Officer, reported acquisition of 11,761.8 units of phantom stock on 03/14/2025. Each unit is the economic equivalent of one share of common stock and the filing shows a price of $16.78 per underlying share. The phantom stock becomes payable in cash upon the reporting person’s termination of service, and may be transferred into an alternative investment account at any time. The filing states these units were acquired via deferral of compensation under the PG&E Corporation 2005 Supplemental Retirement Savings Plan and credits under the Defined Contribution Executive Supplemental Retirement Plan. The total beneficial ownership reported after the transaction is 11,801.59 units, which includes additional dividend reinvestment credits of 17.14 units (4/15/2025) and 22.65 units (7/15/2025). The form is signed by an attorney-in-fact.

Mark E. Ferguson III, a director of PG&E Corporation, reported a sale of 7,000 shares on 08/11/2025 at $15.15 per share. Following the reported transactions the filing states 41,683 shares are beneficially owned indirectly through the Mark E. Ferguson III Revocable Trust. The filing also records the acquisition of 39.02 restricted stock units on 7/15/2025 under the dividend reinvestment feature of the PG&E Corporation 2021 Long Term Incentive Plan.

The Form 4 indicates the reporting person is a director and the disclosure contains no derivative transactions or additional material items beyond the stock sale and the RSU dividend reinvestment entry.

PG&E Corporation (PCG) filed a Form 144 reporting a proposed sale of 7,000 common shares through Charles Schwab & Co., with an aggregate market value of $106,015. The sale is noted for approximately 08/11/2025 on the NYSE.

The shares were acquired on 05/16/2024 via a restricted stock lapse from PG&E as equity compensation. The filing states there were no securities sold in the past three months for the account, and the filer certifies they have no undisclosed material adverse information. The 7,000 shares represent roughly 0.00026% of the 2,675,580,992 shares outstanding.