Pacific Gas and Electric Company $200,000,000 Aggregate Principal Amount 5.625% Senior Notes due November 30, 2017 and $400,000,000 Aggregate Principal Amount of 6.35% Senior Notes Due February 15, 2038 Underwriting AgreementPacific Gas & Electric Co • March 3rd, 2008 • 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, $200,000,000 aggregate principal amount of 5.625% Senior Notes due November 30, 2017 (the “2017 Senior Notes”) having the terms set forth in Schedule I-A hereto, and $400,000,000 aggregate principal amount of 6.35% senior notes due February 15, 2038 (the “2038 Senior Notes” and together with the 2017 Senior Notes, the “Securities”) having the terms set forth in Schedule I-B hereto, to be issued under an indenture, amended and restated as of April 22, 2005 (the “Base Indenture”) and, with respect to the 2017 Senior Notes, supplemented by a supplemental indenture, dated as of December 4, 2007 (the “Second Supplemental Indenture”) and, with respect to the 2038 Senior Notes, supplemented by a supplemental indenture, to be dated
