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$13.22 +0.04 (+0.30%)
S&P 500 member Russell 1000 member Rebalance outlook locked
Market Cap
$35.32B
Shares
2.68B
Volume · Oct 20 26.81M Avg daily vol (3M) 38.96M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →
Revenue
$24.94B +2.1%
FY2025 Revenue FY2007–FY2025
Net Income
$2.7B +7.6%
FY2025 Net Income FY2007–FY2025
Operating Margin
19.05% +0.8pp
FY2025 Operating Margin FY2007–FY2025
Diluted EPS
$1.18 +2.6%
FY2025 Diluted EPS FY2007–FY2025
Operating Cash Flow
$8.72B +8.5%
FY2025 Operating Cash Flow FY2007–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics
Annual Quarterly
Line Item FY2026 (G) TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007
— $25.84B $24.94B $24.42B $24.43B $21.68B $20.64B $18.47B $17.13B $16.76B $17.14B $17.67B $16.83B $17.09B $15.6B $15.04B $14.96B $13.84B $13.4B $14.63B $13.24B
— $5.17B $4.75B $4.46B $2.67B $1.84B $1.88B $1.76B -$10.09B -$9.7B $2.91B $2.08B $1.51B $2.45B $1.76B $1.69B $1.94B $2.31B $2.3B $2.26B $2.11B
— — 19.05% 18.26% 10.93% 8.47% 9.12% 9.5% -58.93% -57.88% 16.95% 11.77% 8.96% 14.34% 11.3% 11.26% 12.98% 16.68% 17.16% 15.46% 15.97%
— $3.1B $3.03B $3.05B $2.85B $1.92B $1.6B $1.26B $934M $929M $888M $829M $773M $734M $715M $703M $700M $684M $705M $728M $762M
— $454M $520M $604M $606M $162M $20M $39M $82M $76M $31M $23M $9M $9M $9M $7M $7M $9M $33M $94M $164M
— $241M $182M $300M $272M $394M $457M $483M $250M $424M $123M $188M $117M $70M $40M $70M $49M $27M $67M -$4M $43M
— $2.76B $2.42B $2.31B $699M $476M $748M -$942M -$11.04B -$10.13B $2.17B $1.46B $861M $1.8B $1.1B $1.07B $1.3B $1.66B $1.69B $1.62B $1.56B
— -$406M -$280M -$200M -$1.56B -$1.34B $836M $362M -$3.4B -$3.29B $511M $55M -$27M $345M $268M $237M $440M $547M $460M $425M $539M
— $3.17B $2.7B $2.51B $2.26B $1.81B -$88M -$1.3B -$7.64B -$6.84B $1.66B $1.41B $888M $1.45B $828M $830M $858M $1.11B $1.22B $1.34B $1.01B
— — 10.84% 10.29% 9.24% 8.37% -0.43% -7.06% -44.61% -40.8% 9.69% 7.96% 5.28% 8.48% 5.31% 5.52% 5.74% 8.04% 9.11% 9.15% 7.6%
— $3.06B $2.59B $2.48B $2.24B $1.8B -$102M -$1.32B -$7.66B -$6.85B $1.65B $1.39B $874M $1.44B $814M $816M $844M $1.1B $1.22B $1.34B $1.01B
— $136M — — — — — — — — $1.66B $1.41B $870M $1.41B $979M $942M $833M $1.07B — — —
USD/shares — $1.38 $1.18 $1.16 $1.09 $0.91 -$0.05 -$1.05 -$14.50 -$13.25 $3.21 $2.79 $1.81 $3.07 $1.83 $1.92 $2.10 $2.86 $3.25 $3.64 $2.79
USD/shares $1.64 – $1.66* $1.38 $1.18G $1.15G $1.05G $0.84G -$0.05G -$1.05G -$14.50 -$13.25 $3.21 $2.78 $1.79 $3.06 $1.83 $1.92 $2.10 $2.82 $3.20 $3.63 $2.78
shares — — 2.2B 2.14B 2.06B 1.99B 1.99B 1.26B 528M 517M 512M 499M 484M 468M 444M 424M 401M 382M 368M 357M 351M
shares — — 2.2B 2.15B 2.14B 2.13B 1.99B 1.26B 528M 517M 513M 501M 487M 470M 445M 425M 402M 392M 386M 358M 353M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2024: $8.31B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current operating lease liabilities 2026-06-30 USD 91,000,000 10-Q filed 2026-07-23
Current portion of long-term debt 2026-06-30 USD 1,075,000,000 10-Q filed 2026-07-23
Noncurrent finance lease liabilities 2026-06-30 USD 0 10-Q filed 2026-07-23
Noncurrent debt carrying amount 2026-06-30 USD 61,768,000,000 10-Q filed 2026-07-23
Noncurrent operating lease liabilities 2026-06-30 USD 394,000,000 10-Q filed 2026-07-23
Short-term borrowings 2026-06-30 USD 1,375,000,000 10-Q filed 2026-07-23
2 filing observations remain unmatched and are excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
5 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged. 3 legal exhibits were not safely readable, so covenant coverage is incomplete.

Covenants

Some sections could not be verified in 2 agreement documents. Other restrictions or tests may apply.

Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.

Loans, facilities and notes

Bond of the Sixty-Ninth Series

Note · Pacific Gas and Electric Company

Reference: Bond of the Sixty-Ninth Series

Active
Original principal
USD 100,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Nov 14, 2030

Verified covenant terms

  • 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:
    • Collateral Bond: the Bond of the Sixty-Ninth Series.
      Source evidence: “Collateral Bond” means the Bond of the Sixty-Ninth Series.
    ARTICLE IV COVENANTS
    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).
  • 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.
  • 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.
  • 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
  1. 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.
  2. 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.

5.250% First Mortgage Bonds due 2032

Note · Pacific Gas and Electric Company

Reference: 5.250% First Mortgage Bonds due 2032

Active
Original principal
USD 700,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Feb 1, 2032

Last reported interest terms: 5.25% Reported 2026-08-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-08-04 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2026-08-04
    The 2032 Bonds shall be issued in an initial aggregate principal amount of $700,000,000.
    Issuer evidence: **THIRTY-FIFTH SUPPLEMENTAL INDENTURE**, dated as of August 4, 2026 (this “**Thirty-Fifth Supplemental Indenture**”), by and between **PACIFIC GAS AND ELECTRIC COMPANY**, a California corporation (the “**Company**”), as Mortgagor, and **THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.**, a national banking association, as Trustee under the Mortgage Indenture (as hereinafter defined) and Mortgagee (the “**Trustee**”).
    Supporting evidence: The 2032 Bonds shall bear interest at the rate of 5.250% per annum and shall have a Stated Maturity of February 1, 2032.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventy-fifth series of Bonds designated as the “5.250% First Mortgage Bonds due 2032” (“**2032 Bonds**”). The 2032 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2032 Bonds shall have identical terms as the 2032 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventy-fifth series of Bonds designated as the “5.250% First Mortgage Bonds due 2032” (“**2032 Bonds**”). The 2032 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2032 Bonds shall have identical terms as the 2032 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.

5.200% First Mortgage Bonds due 2036

Mortgage · Pacific Gas and Electric Company

Reference: 5.200% First Mortgage Bonds due 2036

Active
Original principal
USD 1,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 1, 2036

Last reported interest terms: 5.2% Reported 2026-02-20 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-02-20 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2026-02-20
    The 2036 Bonds shall be issued in an initial aggregate principal amount of $1,000,000,000.
    Issuer evidence: **THIRTY-THIRD SUPPLEMENTAL INDENTURE**, dated as of February 20, 2026 (this “**Thirty-Third Supplemental Indenture**”), by and between **PACIFIC GAS AND ELECTRIC COMPANY**, a California corporation (the “**Company**”), as Mortgagor, and **THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.**, a national banking association, as Trustee under the Mortgage Indenture (as hereinafter defined) and Mortgagee (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 seventieth series of Bonds designated as the “5.200% First Mortgage Bonds due 2036” (“**2036 Bonds**”). The 2036 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2036 Bonds shall have identical terms as the 2036 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.
    Supporting evidence: The 2036 Bonds shall bear interest at the rate of 5.200% per annum and shall have a Stated Maturity of May 1, 2036.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventieth series of Bonds designated as the “5.200% First Mortgage Bonds due 2036” (“**2036 Bonds**”). The 2036 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2036 Bonds shall have identical terms as the 2036 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventieth series of Bonds designated as the “5.200% First Mortgage Bonds due 2036” (“**2036 Bonds**”). The 2036 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2036 Bonds shall have identical terms as the 2036 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.

5.850% First Mortgage Bonds due 2036

Note · Pacific Gas and Electric Company

Reference: 5.850% First Mortgage Bonds due 2036

Active
Original principal
USD 1,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Nov 1, 2036

Last reported interest terms: 5.85% Reported 2026-08-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-08-04 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2026-08-04
    The 2036 Bonds shall be issued in an initial aggregate principal amount of $1,000,000,000.
    Issuer evidence: **THIRTY-FIFTH SUPPLEMENTAL INDENTURE**, dated as of August 4, 2026 (this “**Thirty-Fifth Supplemental Indenture**”), by and between **PACIFIC GAS AND ELECTRIC COMPANY**, a California corporation (the “**Company**”), as Mortgagor, and **THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.**, a national banking association, as Trustee under the Mortgage Indenture (as hereinafter defined) and Mortgagee (the “**Trustee**”).
    Supporting evidence: The 2036 Bonds shall bear interest at the rate of 5.850% per annum and shall have a Stated Maturity of November 1, 2036.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventy-sixth series of Bonds designated as the “5.850% First Mortgage Bonds due 2036” (“**2036 Bonds**”). The 2036 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2036 Bonds shall have identical terms as the 2036 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventy-sixth series of Bonds designated as the “5.850% First Mortgage Bonds due 2036” (“**2036 Bonds**”). The 2036 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2036 Bonds shall have identical terms as the 2036 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.

6.000% First Mortgage Bonds due 2056

Mortgage · Pacific Gas and Electric Company

Reference: 6.000% First Mortgage Bonds due 2056

Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 1, 2056

Last reported interest terms: 6% Reported 2026-02-20 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-02-20 Original principal USD 800,000,000 Exact source document Parent 8-K filing · 2026-02-20
    The 2056 Bonds shall be issued in an initial aggregate principal amount of $800,000,000.
    Issuer evidence: **THIRTY-THIRD SUPPLEMENTAL INDENTURE**, dated as of February 20, 2026 (this “**Thirty-Third Supplemental Indenture**”), by and between **PACIFIC GAS AND ELECTRIC COMPANY**, a California corporation (the “**Company**”), as Mortgagor, and **THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.**, a national banking association, as Trustee under the Mortgage Indenture (as hereinafter defined) and Mortgagee (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 seventy-first series of Bonds designated as the “6.000% First Mortgage Bonds due 2056” (“**2056 Bonds**”). The 2056 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2056 Bonds shall have identical terms as the 2056 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.
    Supporting evidence: The 2056 Bonds shall bear interest at the rate of 6.000% per annum and shall have a Stated Maturity of May 1, 2056.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventy-first series of Bonds designated as the “6.000% First Mortgage Bonds due 2056” (“**2056 Bonds**”). The 2056 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2056 Bonds shall have identical terms as the 2056 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.
    Supporting evidence: Pursuant to the terms hereof and Section 3.01 and Article V of the Mortgage Indenture, the Company hereby establishes a seventy-first series of Bonds designated as the “6.000% First Mortgage Bonds due 2056” (“**2056 Bonds**”). The 2056 Bonds may be reopened, from time to time, for issuances of additional Bonds of such series subject to the terms of Article V of the Mortgage Indenture, and any additional Bonds issued and comprising 2056 Bonds shall have identical terms as the 2056 Bonds, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ.

5.050% First Mortgage Bonds due 2031

Note · Pacific Gas and Electric Company

Reference: 5.050% First Mortgage Bonds due 2031

Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.05% Reported 2026-06-03 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-03 Original principal USD 800,000,000 Exact source document Parent 8-K filing · 2026-06-03
    On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Issuer evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Supporting evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Supporting evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.

5.250% First Mortgage Bonds due 2032

Note · Pacific Gas and Electric Company

Reference: 5.250% First Mortgage Bonds due 2032

Active
Original principal
USD 700,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.25% Reported 2026-08-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-08-04 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2026-08-04
    On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.
    Issuer evidence: On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.
    Supporting evidence: On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.
    Supporting evidence: On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.

5.600% First Mortgage Bonds due 2036

Note · Pacific Gas and Electric Company

Reference: 5.600% First Mortgage Bonds due 2036

Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.6% Reported 2026-06-03 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-03 Original principal USD 800,000,000 Exact source document Parent 8-K filing · 2026-06-03
    On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Issuer evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Supporting evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Supporting evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.

5.850% First Mortgage Bonds due 2036

Note · Pacific Gas and Electric Company

Reference: 5.850% First Mortgage Bonds due 2036

Active
Original principal
USD 1,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.85% Reported 2026-08-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-08-04 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2026-08-04
    On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.
    Issuer evidence: On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.
    Supporting evidence: On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.
    Supporting evidence: On July 27, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $700,000,000 aggregate principal amount of 5.250% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (ii) $1,000,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due 2036 (the “2036 Bonds”, together with the 2032 Bonds, the “Mortgage Bonds”). On August 4, 2026, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.

6.300% First Mortgage Bonds due 2056

Note · Pacific Gas and Electric Company

Reference: 6.300% First Mortgage Bonds due 2056

Active
Original principal
USD 600,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 6.3% Reported 2026-06-03 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-03 Original principal USD 600,000,000 Exact source document Parent 8-K filing · 2026-06-03
    On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Issuer evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Supporting evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.
    Supporting evidence: On June 1, 2026, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $800,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2031 (the “2031 Bonds”), (ii) $800,000,000 aggregate principal amount of 5.600% First Mortgage Bonds due 2036 (the “2036 Bonds”) and (iii) $600,000,000 aggregate principal amount of 6.300% First Mortgage Bonds due 2056 (the “2056 Bonds”, together with the 2031 Bonds and the 2036 Bonds, the “Mortgage Bonds”). On June 3, 2026, the Utility completed the sale of the Mortgage Bonds.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
3.76×
Peer median 5.07×
EV/EBIT
18.81×
Peer median 22.95×
P/E (TTM)
9.55×
Peer median 20.72×

Peer medians compare against the 27 similar-size Utilities - Regulated Electric companies (of 33 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Electricity $18,318,000,000 $17,811,000,000 $17,424,000,000 $15,060,000,000 $15,131,000,000 $13,858,000,000 $12,740,000,000 $12,713,000,000
Natural Gas Us Regulated $6,617,000,000 $6,608,000,000 $7,004,000,000 $6,620,000,000 $5,511,000,000 $4,611,000,000 $4,389,000,000 $4,046,000,000
Key facts CIK 1004980 CUSIP 69331C108 13F (30d) 146 filings 127 filers Visit website Investor relations