PG&E Corporation 48,661,801 Shares of Common Stock, No Par Value Underwriting AgreementUnderwriting Agreement • December 4th, 2024 • PACIFIC GAS & ELECTRIC Co • Electric & other services combined • New York
PG&E Corporation, a corporation organized under the laws of the State of California (the “Company”), confirms its agreement (this “Agreement”) with each of the Underwriters named in Schedule I hereto (the “Underwriters”), for whom you (the “Representatives”) are acting as Representatives, with respect to the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of 48,661,801 shares of common stock, no par value, of the Company (the “Common Stock”). The aforesaid 48,661,801 shares of Common Stock to be purchased by the Underwriters are hereinafter called the “Underwritten Securities.” The Company also proposes to grant to the Underwriters an option to purchase up to 7,299,269 additional shares of Common Stock. The aforesaid 7,299,269 additional shares of Common Stock that may be purchased by the Underwriters are hereinafter called the “Option Securities” and, together with the Underwritten Securities, are hereinafter called the “Securities.”
