Form 8-K

 

 

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: August 19, 2016

(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
1-12609   

PG&E CORPORATION

  California    94-3234914
1-2348   

PACIFIC GAS AND ELECTRIC COMPANY

  California    94-0742640

 

LOGO    LOGO

77 Beale Street

P.O. Box 770000

San Francisco, California 94177

(Address of principal executive offices) (Zip Code)

 

(415) 973-1000

(Registrant’s telephone number, including area code)

  

77 Beale Street

P.O. Box 770000

San Francisco, California 94177

(Address of principal executive offices) (Zip Code)

 

(415) 973-7000

(Registrant’s 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))

 

 

 


Item 3.02 Unregistered Sales of Equity Securities

On August 19, 2016, PG&E Corporation made an equity contribution of $300 million to its subsidiary, Pacific Gas and Electric Company (“Utility”), which will use the funds for general corporate purposes. PG&E Corporation’s equity contribution was funded by proceeds from the offering described in Item 8.01 below. For further information, see PG&E Corporation’s and the Utility’s joint Quarterly Report on Form 10-Q for the quarter ended June 30, 2016.

 

Item 8.01. Other Events

On August 19, 2016, PG&E Corporation completed, pursuant to an Underwriting Agreement with Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, the sale of 4,900,000 shares of its common stock, no par value (the “Shares”). The Shares were registered under the Securities Act of 1933 pursuant to a registration statement on Form S-3 (File No. 333-193880) that was filed with the Securities and Exchange Commission on February 11, 2014.

Item 9.01. Financial Statements and Exhibits

Exhibits.

 

Exhibit No.

  

Description

1.1    Underwriting Agreement, dated August 15, 2016, among PG&E Corporation, Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
5.1    Opinion of Orrick, Herrington & Sutcliffe LLP regarding the legality of the Shares
23.1    Consent of Orrick, Herrington & Sutcliffe LLP (included in Exhibit 5.1)

 

2


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 hereunto duly authorized.

 

     PG&E CORPORATION
Dated: August 19, 2016    By:   

/s/ Jason P. Wells

     

JASON P. WELLS

Senior Vice President and Chief Financial Officer

   PACIFIC GAS AND ELECTRIC COMPANY
Dated: August 19, 2016    By:   

/s/ David S. Thomason

     

DAVID S. THOMASON

Vice President, Chief Financial Officer and Controller

 

3


EXHIBIT INDEX

 

Exhibit No.

  

Description

1.1    Underwriting Agreement, dated August 15, 2016, among PG&E Corporation, Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
5.1    Opinion of Orrick, Herrington & Sutcliffe LLP regarding the legality of the Shares
23.1    Consent of Orrick, Herrington & Sutcliffe LLP (included in Exhibit 5.1)