UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
FORM 8-K
 
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
 
Date of Report: September 28, 2022
(Date of earliest event reported)
 
 
 
Commission File Number
 
Exact Name of Registrant
as specified in its charter
 
State or Other Jurisdiction of Incorporation or Organization
 
IRS Employer Identification Number
001-12609 
 
PG&E Corporation 
 
California 
 
94-3234914 
001-02348 
 
Pacific Gas and Electric Company 
 
California 
 
94-0742640 
 
 
 
 
77 BEALE STREET 
 
77 BEALE STREET 
P.O. BOX 770000 
 
P.O. BOX 770000 
SAN FRANCISCO, California 94177
 
SAN FRANCISCO, California 94177
(Address of principal executive offices) (Zip Code)
 
(Address of principal executive offices) (Zip Code)
(415) 973-1000
 
(415) 973-7000
(Registrants telephone number, including area code)
 
(Registrants telephone number, including area code)
 
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange
on which registered
Common stock, no par value 
PCG 
The New York Stock Exchange 
Equity Units
PCGU
The New York Stock Exchange 
First preferred stock, cumulative, par value $25 per share, 5% series A redeemable 
PCG-PE 
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 5% redeemable
PCG-PD 
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 4.80% redeemable
PCG-PG
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.50% redeemable
PCG-PH
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.36% series A redeemable
PCG-PI
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 6% nonredeemable
PCG-PA
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable
PCG-PB
NYSE American LLC 
First preferred stock, cumulative, par value $25 per share, 5% nonredeemable
PCG-PC
NYSE American LLC 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
PG&E Corporation
 
Emerging growth company
Pacific Gas and Electric Company
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 
PG&E Corporation
Pacific Gas and Electric Company
 
 
 
Item 7.01 Regulation FD Disclosure.
 
On September 28, 2022, Pacific Gas and Electric Company (the “Utility”), a subsidiary of PG&E Corporation, filed an application (the “Application”) with the California Public Utilities Commission (the “CPUC”) regarding the separation of its non-nuclear generation assets into a stand-alone Utility subsidiary and the potential sale of a minority ownership stake in the newly-formed subsidiary to one or more investors to be identified. PG&E Corporation made available a presentation (the “Presentation”) regarding the Application.  A copy of the Presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
In addition, PG&E Corporation is reaffirming its previously announced non-GAAP core earnings guidance for fiscal year 2022.
 
The information set forth in this Item 7.01 of this Current Report on Form 8-K and in Exhibit 99.1 is being furnished hereby and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the filings of PG&E Corporation or Pacific Gas and Electric Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such filings.  The filing of this Current Report on Form 8-K (including the exhibit hereto or any information included herein or therein) shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits.
 
The following exhibits are furnished with this Current Report on Form 8-K:
 
Exhibit Number
 
Description
 
Presentation dated September 28, 2022
104
 
Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document
 
Cautionary Statement Concerning Forward-Looking Statements
 
This current report on Form 8-K contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and the Utility, including but not limited to the potential sale of a minority ownership stake in a subsidiary owning the Utility’s non-nuclear generation assets, as well as the financial impacts and the timing for CPUC review of the Utility’s application for the potential sale, and forecasts and estimates regarding PG&E Corporation’s earnings guidance for 2022.  These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and the Utility’s joint annual report on Form 10-K for the year ended December 31, 2021, their most recent quarterly report on Form 10-Q for the quarter ended June 30, 2022, and other reports filed with the SEC, which are available on PG&E Corporation's website at www.pgecorp.com and on the Securities and Exchange Commission website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking s presentation contains forward-looking statements that are not historical facts, including statements about statements, whether due to new information, future events or otherwise, except to the extent required by law.
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.
 
 
 
PG&E CORPORATION
 
 
 
 
 
 
 
 
 
Date: September 28, 2022
By:
/s/ JOHN R. SIMON
 
 
 
Name: John R. Simon
 
 
 
Title: Executive Vice President, General Counsel and Chief Ethics & Compliance Officer
 
 
 
 
 
 
 
 
PACIFIC GAS AND ELECTRIC COMPANY
 
 
 
 
 
Date: September 28, 2022
By:
/s/ BRIAN M. WONG
 
 
 
Name: Brian M. Wong
 
 
 
Title: Vice President, General Counsel and Corporate Secretary
 
 
 
 
 
 
 
false 0001004980 0000075488 0001004980 2022-09-28 2022-09-28 0001004980 pcg:PacificGasAndElectricCompanyMember 2022-09-28 2022-09-28 0001004980 pcg:CommonStockNoParValueMember 2022-09-28 2022-09-28 0001004980 pcg:EquityUnitsMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare5SeriesARedeemableMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare5RedeemableMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare480RedeemableMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare450RedeemableMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare436SeriesARedeemableMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare6NonredeemableMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare550NonredeemableMember 2022-09-28 2022-09-28 0001004980 pcg:FirstPreferredStockCumulativeParValue25PerShare5NonredeemableMember 2022-09-28 2022-09-28
PG&E (NYSE:PCG)
Gráfico Histórico do Ativo
De Nov 2022 até Dez 2022 Click aqui para mais gráficos PG&E.
PG&E (NYSE:PCG)
Gráfico Histórico do Ativo
De Dez 2021 até Dez 2022 Click aqui para mais gráficos PG&E.