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PCG > SEC Filings for PCG > Form 8-K on 3-Jun-2014All Recent SEC Filings

Show all filings for PG&E CORP

Form 8-K for PG&E CORP


3-Jun-2014

Unregistered Sale of Equity Securities, Other Events


Item 3.02. Unregistered Sales of Equity Securities

On May 30, 2014, PG&E Corporation made an equity contribution of $245 million to its subsidiary, Pacific Gas and Electric Company ("Utility"), in order to maintain the Utility's capital structure as authorized by the California Public Utilities Commission (consisting of 52% common equity and 48% debt and preferred stock) and to ensure that the Utility has adequate capital to fund its capital expenditures. For further information about PG&E Corporation's equity contributions to the Utility, see PG&E Corporation's and the Utility's joint Quarterly Report on Form 10-Q for the quarter ended March 31, 2014.



Item 8.01. Other Events

Criminal Indictment

On June 2, 2014, a status conference was held in the U.S. District Court for the Northern District of California regarding the federal criminal prosecution of the Utility for alleged knowing and willful violations of the Natural Gas Pipeline Safety Act relating to record keeping, pipeline integrity management, and identification of pipeline threats. At the status conference, the U.S. Attorney's Office stated that it intended to file a superseding indictment against the Utility in July 2014. The Utility continues to believe that criminal charges are not merited and that it did not knowingly and willfully violate minimum safety standards under the Natural Gas Pipeline Safety Act as alleged.


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