COMMITMENT LETTER PERSONAL AND CONFIDENTIAL PG&E Corporation One Market, Spear Street Tower Suite 2400 San Franciso, California 94105 Ladies and Gentlemen:Commitment Letter • March 6th, 2003 • Pacific Gas & Electric Co • Electric & other services combined • New York
This commitment letter agreement (together with all exhibits and schedules hereto, the “Commitment Letter”) will confirm the understanding and agreement between Lehman Brothers Inc. (“Lehman Brothers”) and PG&E Corporation, a California corporation (the “Company”), in connection with the Plan of Reorganization under Chapter 11 of the Bankruptcy Code for Pacific Gas and Electric Company (the “Debtor”) jointly filed by the Company and the Debtor on September 20, 2001 (as amended to the date hereof, the “Plan”).
