The company said it entered into an Underwriting Agreement on February 18, 2026 for the issue and sale of $400,000,000 of 6.100% First Mortgage Bonds due 2029, $1,000,000,000 of 5.200% due 2036, and $800,000,000 of 6.000% due 2056.

1. 01

   The company said it entered into an Underwriting Agreement on February 18, 2026 for the issue and sale of $400,000,000 of 6.100% First Mortgage Bonds due 2029, $1,000,000,000 of 5.200% due 2036, and $800,000,000 of 6.000% due 2056.

2. 02

   PG&E said it completed the sale of the Mortgage Bonds, consisting of the 2029 Bonds, 2036 Bonds and 2056 Bonds, on February 20, 2026. It referred investors to the exhibits attached to the report for further details.

3. 03

   The company said the 2029 Bonds are part of the same series of debt securities it issued on June 5, 2023. It said the outstanding principal amount of that series will be $1,250,000,000 upon completion of this offering.

4. 04

   The company said it listed BMO Capital Markets Corp., BofA Securities, Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC as parties to the Underwriting Agreement. The Thirty-Third Supplemental Indenture relating to the 2036 Bonds and 2056 Bonds is dated February 20, 2026.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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