Bond of the Sixty-Ninth Series
Note · Pacific Gas and Electric Company
Reference: Bond of the Sixty-Ninth Series
- Original principal
- USD 100,000,000
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- Nov 14, 2030
Verified covenant terms
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Article IV · Covenants
Each of the agreements and covenants of the Company contained in Article VII of the Mortgage Indenture shall apply to the Collateral Bond established hereby as of the Original Issue Date (as defined in the Collateral Bond).
Defined terms:
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Collateral Bond: the Bond of the Sixty-Ninth Series.
Source evidence: “Collateral Bond” means the Bond of the Sixty-Ninth Series.
Full wording and supporting evidence
Source evidence: Each of the agreements and covenants of the Company contained in Article VII of the Mortgage Indenture shall apply to the Collateral Bond established hereby as of the Original Issue Date (as defined in the Collateral Bond).
Target identity evidence: THIRTY-SECOND SUPPLEMENTAL INDENTURE, dated as of November 14, 2025 (this “Thirty-Second Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, as Issuer (Mortgagor) (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America, as Trustee and Mortgagee under the Mortgage Indenture (as hereinafter defined) (the “Trustee”).
Target identity evidence: A. The Company and the Trustee are parties to that certain Indenture of Mortgage, dated as of June 19, 2020 (together with all indentures supplemental thereto, the “Mortgage Indenture”), providing for the issuance by the Company of Bonds (as defined in the Mortgage Indenture) from time to time.
Target identity evidence: “Collateral Bond” means the Bond of the Sixty-Ninth Series.
Target identity evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a Sixty-Ninth series of Bonds designated as the “Bond of the Sixty-Ninth Series” (the “Bond of the Sixty-Ninth Series”).
Target scope evidence: Each of the agreements and covenants of the Company contained in Article VII of the Mortgage Indenture shall apply to the Collateral Bond established hereby as of the Original Issue Date (as defined in the Collateral Bond).
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Collateral Bond: the Bond of the Sixty-Ninth Series.
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Section 207 · No Exchanges; Limitations on Transfers
The Bond of the Sixty-Ninth Series may not be exchanged for any other Bond, except as provided in Section 3.06 of the Mortgage Indenture, and may not be transferred except to effect an assignment thereof to a successor or an assign of the Administrative Agent.
Section 207 No Exchanges; Limitations on Transfers.
Full wording and supporting evidence
Source evidence: The Bond of the Sixty-Ninth Series may not be exchanged for any other Bond, except as provided in Section 3.06 of the Mortgage Indenture, and may not be transferred except to effect an assignment thereof to a successor or an assign of the Administrative Agent. The Company may take such actions as it shall deem necessary, desirable or appropriate to effect compliance with such restrictions on transfer, including the issuance of stop-transfer instructions to the Trustee or any other transfer agent.
Target identity evidence: THIRTY-SECOND SUPPLEMENTAL INDENTURE, dated as of November 14, 2025 (this “Thirty-Second Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, as Issuer (Mortgagor) (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America, as Trustee and Mortgagee under the Mortgage Indenture (as hereinafter defined) (the “Trustee”).
Target identity evidence: A. The Company and the Trustee are parties to that certain Indenture of Mortgage, dated as of June 19, 2020 (together with all indentures supplemental thereto, the “Mortgage Indenture”), providing for the issuance by the Company of Bonds (as defined in the Mortgage Indenture) from time to time.
Target identity evidence: “Collateral Bond” means the Bond of the Sixty-Ninth Series.
Target identity evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a Sixty-Ninth series of Bonds designated as the “Bond of the Sixty-Ninth Series” (the “Bond of the Sixty-Ninth Series”).
Target scope evidence: The Bond of the Sixty-Ninth Series may not be exchanged for any other Bond, except as provided in Section 3.06 of the Mortgage Indenture, and may not be transferred except to effect an assignment thereof to a successor or an assign of the Administrative Agent.
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Section 205 · No Redemption; No Sinking Fund
The Bond of the Sixty-Ninth Series shall not be subject to redemption prior to its Stated Maturity. No sinking fund is provided for the Bond of the Sixty-Ninth Series.
Section 205 No Redemption; No Sinking Fund.
Full wording and supporting evidence
Source evidence: The Bond of the Sixty-Ninth Series shall not be subject to redemption prior to its Stated Maturity. No sinking fund is provided for the Bond of the Sixty-Ninth Series.
Target identity evidence: THIRTY-SECOND SUPPLEMENTAL INDENTURE, dated as of November 14, 2025 (this “Thirty-Second Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, as Issuer (Mortgagor) (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America, as Trustee and Mortgagee under the Mortgage Indenture (as hereinafter defined) (the “Trustee”).
Target identity evidence: A. The Company and the Trustee are parties to that certain Indenture of Mortgage, dated as of June 19, 2020 (together with all indentures supplemental thereto, the “Mortgage Indenture”), providing for the issuance by the Company of Bonds (as defined in the Mortgage Indenture) from time to time.
Target identity evidence: “Collateral Bond” means the Bond of the Sixty-Ninth Series.
Target identity evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a Sixty-Ninth series of Bonds designated as the “Bond of the Sixty-Ninth Series” (the “Bond of the Sixty-Ninth Series”).
Target scope evidence: The Bond of the Sixty-Ninth Series shall not be subject to redemption prior to its Stated Maturity. No sinking fund is provided for the Bond of the Sixty-Ninth Series.
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Article III · AMENDMENT, SUPPLEMENT AND WAIVER
The Trustee and the Company may not modify, amend or supplement this Thirty-Second Supplemental Indenture except as set forth in Article XIV of the Mortgage Indenture
Exceptions: except as set forth in Article XIV of the Mortgage Indenture ARTICLE III
AMENDMENT, SUPPLEMENT AND WAIVER
Full wording and supporting evidence
Source evidence: The Trustee and the Company may not modify, amend or supplement this Thirty-Second Supplemental Indenture except as set forth in Article XIV of the Mortgage Indenture as if (a) references in Article XIV to “this Indenture” and “hereto” are deemed to include the Thirty-Second Supplemental Indenture, and (b) references to the Bonds of any series “Outstanding under this Indenture” (or similar expressions and phrases) are deemed to refer only to the Collateral Bond established hereby and no other Bonds.
Target identity evidence: THIRTY-SECOND SUPPLEMENTAL INDENTURE, dated as of November 14, 2025 (this “Thirty-Second Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, as Issuer (Mortgagor) (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America, as Trustee and Mortgagee under the Mortgage Indenture (as hereinafter defined) (the “Trustee”).
Target identity evidence: A. The Company and the Trustee are parties to that certain Indenture of Mortgage, dated as of June 19, 2020 (together with all indentures supplemental thereto, the “Mortgage Indenture”), providing for the issuance by the Company of Bonds (as defined in the Mortgage Indenture) from time to time.
Target identity evidence: “Collateral Bond” means the Bond of the Sixty-Ninth Series.
Target identity evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a Sixty-Ninth series of Bonds designated as the “Bond of the Sixty-Ninth Series” (the “Bond of the Sixty-Ninth Series”).
Target scope evidence: The Trustee and the Company may not modify, amend or supplement this Thirty-Second Supplemental Indenture except as set forth in Article XIV of the Mortgage Indenture as if (a) references in Article XIV to “this Indenture” and “hereto” are deemed to include the Thirty-Second Supplemental Indenture, and (b) references to the Bonds of any series “Outstanding under this Indenture” (or similar expressions and phrases) are deemed to refer only to the Collateral Bond established hereby and no other Bonds.
Documents and filing history
- SeriesInstrument · EX-4.5 31 · 2026-02-12 — EX-4.5 31
- GoverningAgreement · EX-4.5 31 · 2026-02-12 — EX-4.5 31
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Baseline
· 2026-02-12
Exact source document
Parent 10-K filing · 2026-02-12
Maturity of November 14, 2030 (as the same may be extended, without amendment hereof, pursuant to the Loan Documents (as defined in the Letter of Credit Agreement) and the procedures identified in Section 501 of this Thirty-Second Supplemental Indenture). Interest on the Bond of the Sixty-Ninth Series shall accrue from the same dates that interest, if any, accrues on outstanding Obligations pursuant to the Loan Documents until such interest is paid.
Issuer evidence: THIRTY-SECOND SUPPLEMENTAL INDENTURE, dated as of November 14, 2025 (this “Thirty-Second Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, as Issuer (Mortgagor) (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America, as Trustee and Mortgagee under the Mortgage Indenture (as hereinafter defined) (the “Trustee”).
Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a Sixty-Ninth series of Bonds designated as the “Bond of the Sixty-Ninth Series” (the “Bond of the Sixty-Ninth Series”). The Bond of the Sixty-Ninth Series shall be fully registered in the name of and delivered to Crédit Agricole Corporate and Investment Bank, as Administrative Agent under the Letter of Credit Agreement.
Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a Sixty-Ninth series of Bonds designated as the “Bond of the Sixty-Ninth Series” (the “Bond of the Sixty-Ninth Series”). The Bond of the Sixty-Ninth Series shall be fully registered in the name of and delivered to Crédit Agricole Corporate and Investment Bank, as Administrative Agent under the Letter of Credit Agreement.
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Issuance
· 2025-11-14
Original principal USD 100,000,000 Exact source document
Parent 10-K filing · 2026-02-12
The Bond of the Sixty-Ninth Series shall be dated November 14, 2025 and be issued in an initial face amount of $100,000,000, which face amount shall represent the maximum principal amount of the Bond of the Sixty-Ninth Series and such amount shall be subject to increases or decreases in the aggregate principal amount of the Bond of the Sixty-Ninth Series as evidenced by Schedule A attached thereto, without amendment hereof, pursuant to the Loan Documents and the procedures identified in Section 502 of this Thirty-Second Supplemental Indenture. The amount of principal payable on the Bond of the Sixty-Ninth Series, and the date or dates on which such principal is payable, shall be as set forth in said Bond. For all purposes of the Mortgage Indenture, the principal amount of the Bond of the Sixty-Ninth Series Outstanding as of any date of calculation shall be equal to the Obligations (as defined in the Bond of the Sixty-Ninth Series) outstanding under the Loan Documents (as defined in the Bond of the Sixty-Ninth Series) as of such date, but in no event shall the principal amount of such Bond as of any date of calculation be greater than the then current face amount of such Bond. The initial face amount of the Bond of the Sixty-Ninth Series may be increased or reduced from time to time as set forth in said Bond and the procedures identified in Section 502 of this Thirty-Second Supplemental Indenture. Principal of the Bond of the Sixty-Ninth Series shall be payable without the presentment or surrender thereof.
Issuer evidence: THIRTY-SECOND SUPPLEMENTAL INDENTURE, dated as of November 14, 2025 (this “Thirty-Second Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, as Issuer (Mortgagor) (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America, as Trustee and Mortgagee under the Mortgage Indenture (as hereinafter defined) (the “Trustee”).
Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a Sixty-Ninth series of Bonds designated as the “Bond of the Sixty-Ninth Series” (the “Bond of the Sixty-Ninth Series”). The Bond of the Sixty-Ninth Series shall be fully registered in the name of and delivered to Crédit Agricole Corporate and Investment Bank, as Administrative Agent under the Letter of Credit Agreement.