Pacific Gas and Electric Company $250,000,000 Aggregate Principal Amount 5.80% Senior Notes due March 1, 2037 Underwriting AgreementUnderwriting Agreement • April 1st, 2010 • Pg&e Corp • Electric & other services combined • New York
Pacific Gas and Electric Company, a corporation organized under the laws of California (the “Company”), proposes to sell to the several underwriters named in Schedule II hereto (the “Underwriters”), for whom you (the “Representatives”) are acting as representatives, $250,000,000 aggregate principal amount of 5.80% Senior Notes due March 1, 2037 having the terms set forth in Schedule I hereto (the “Securities”) to be issued under an indenture, amended and restated as of April 22, 2005, as supplemented by the First Supplemental Indenture thereto dated as of March 13, 2007 and the Seventh Supplemental Indenture thereto dated as of June 11, 2009 (the “Base Indenture”) and as further supplemented by a supplemental indenture, to be dated as of April 1, 2010 (the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). To the extent there are no additional Underwriters
