PG&E Corporation 28,000,000 Shares of 6.000% Series A Mandatory Convertible Preferred Stock, No Par Value Underwriting AgreementUnderwriting Agreement • December 5th, 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 28,000,000 shares of 6.000% Series A Mandatory Convertible Preferred Stock, no par value, with an initial liquidation preference of $50.00 per share, of the Company (the “Preferred Stock”). The aforesaid 28,000,000 shares of Preferred 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 4,200,000 additional shares of Preferred Stock. The aforesaid 4,200,000 additional shares of Preferred Stock that may be purchased by the Underwriters are hereinafter called the “Op
