This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PG&E Corporation Announces Pricing Of Public Offering Of Common Stock





SAN FRANCISCO, Feb. 27, 2013 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) announced today the pricing of the previously announced public offering of 7,200,000 shares of its common stock at a price to the public of $41.71 per share. The offering is expected to close on March 4, 2013, subject to customary closing conditions.  Barclays Capital Inc. is the underwriter for this offering.

PG&E Corporation expects to contribute all of the net proceeds from the offering to its regulated subsidiary, Pacific Gas and Electric Company, which will use such proceeds for general corporate purposes.

The securities described above are being offered by PG&E Corporation pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission on February 23, 2011. Copies of the prospectus supplement and the related prospectus, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or email at Barclaysprospectus@broadridge.com or by telephone at (888) 603-5847.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

PG&E Corporation

PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company, a public utility serving more than 15 million people throughout 70,000 square miles in Northern and Central California.

This press release contains forward-looking statements of future expectations, including the consummation of this offering and the expected use of the proceeds therefrom. Actual results might differ materially from those anticipated. See "Cautionary Language Regarding Forward Looking Statements" and "Risk Factors" in PG&E Corporation's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and other reports that may be filed with the Securities and Exchange Commission.

SOURCE PG&E Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs