Fitch Ratings has assigned an 'A-' rating to Pacific Gas and
Electric Company's (PG&E) $800 million issuance of senior unsecured notes.
The PG&E notes are being issued in two tranches comprised of $300 million
of 10-year and $500 million of 30-year senior notes. The Rating Outlook is
Stable.
The effect of unrecoverable costs and fines related to the
San Bruno accident on PCG and PG&E's financials; The ability of management
to regain the confidence of its core constituencies in the wake of the San
Bruno pipeline disaster;
Future regulatory proceedings including PG&E's 2014
general rate case (GRC) and 2015 gas transmission and storage (GT&S) rate
case. Read more.
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