Utility Stock Pledge Agreement (35%)—new Tranche B Loan Sample Contracts

Contract
Utility Stock Pledge Agreement (35%)—new Tranche B Loan • October 22nd, 2002 • Pg&e Corp • Electric & other services combined • New York

Exhibit 99.3 EXECUTION COPY UTILITY STOCK PLEDGE AGREEMENT (35%)—NEW TRANCHE B LOAN by and among PG&E CORPORATION, as Pledgor LEHMAN COMMERCIAL PAPER INC., as Administrative Agent and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent for the benefit of the Lenders, as Pledgee ___________________________________________________________________________ Dated as of October 18, 2002 ___________________________________________________________________________ UTILITY STOCK PLEDGE AGREEMENT (35%)—NEW TRANCHE B LOAN STOCK PLEDGE AGREEMENT (35%)—NEW TRANCHE B LOAN (as amended, modified or supplemented from time to time, this "Agreement"), dated as of October 18, 2002, among PG&E CORPORATION, a California corporation (the "Pledgor"), LEHMAN COMMERCIAL PAPER INC., a corporation organized and existing under the laws of the State of New York, as Administrative Agent for the lenders (the "Lenders") from time to time parties t

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