Monday, November 11, 2013
Fitch Rates PG&E's $800 Million Notes 'A-' Rating Outlook Stable
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.