PG&E Corporation and Pacific Gas and Electric Company

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: March 18, 2004

 

 


Commission
File
Number

Exact Name of
Registrant
as specified in
its charter


State or other
Jurisdiction of
Incorporation


IRS Employer
  Identification
Number

_____________

_____________

_____________

_____________

1-12609

1-2348

PG&E Corporation

Pacific Gas and
Electric Company

California

California

94-3234914

94-0742640

 

 

 

 

Pacific Gas and Electric Company
77 Beale Street, P. O. Box 770000
San Francisco, California  94177

PG&E Corporation
One Market, Spear Tower, Suite 2400
San Francisco, California  94105

(Address of principal executive offices) (Zip Code)

 

 

 

 

Pacific Gas and Electric Company
(415) 973-7000

PG&E Corporation
(415) 267-7000

 

(Registrant's telephone number, including area code)

 


Item 5.  Other Events and Regulation FD Disclosure

 

Pricing of Pacific Gas and Electric Company’s Mortgage Bonds

 

On March 18, 2004, Pacific Gas and Electric Company (Utility) priced a public offering of $6.7 billion in first mortgage bonds, which is part of its financing plan to emerge from Chapter 11.  The $6.7 billion in first mortgage bonds were offered in multiple tranches consisting of 3.60% First Mortgage Bonds due 2009 in the principal amount of $600 million, 4.20% First Mortgage Bonds due 2011 in the principal amount of $500 million, 4.80% First Mortgage Bonds due 2014 in the principal amount of $1 billion, 6.05% First Mortgage Bonds due 2034 in the principal amount of $3 billion, and Floating Rate First Mortgage Bonds due 2006 in the principal amount of $1.6 billion.  Net proceeds of the offering, subject to satisfaction of certain conditions to implement the Utility’s confirmed plan of reorganization, are expected to be used to pay allowed creditor claims.

 

SIGNATURE

 

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

                                                                     

         CHRISTOPHER P. JOHNS        

                                                                     

        Christopher P. Johns
        Senior Vice President and Controller

                                                                     

PACIFIC GAS AND ELECTRIC COMPANY
 

                                                                     

          DINYAR B. MISTRY              

                                                                     

         Dinyar B. Mistry
         Vice President and Controller

 

 

Dated:  March 18, 2004