UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report: May 22, 2020
(Date of earliest event reported)
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Commission File Number
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Exact Name of Registrant
as specified in its charter
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State or Other
Jurisdiction of
Incorporation or
Organization
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IRS Employer
Identification Number
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(Address of principal executive offices) (Zip Code)
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(Address of principal executive offices) (Zip Code)
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(
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(
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(Registrant’s telephone number, including area code)
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(Registrant’s telephone number, including area code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange
on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company
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PG&E Corporation
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Emerging growth company
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Pacific Gas and Electric Company
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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PG&E Corporation
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☐
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Pacific Gas and Electric Company
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☐
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Item 8.01 Other Events.
As previously disclosed, on January 29, 2019, PG&E Corporation and its subsidiary, Pacific Gas and Electric Company (the “Utility” and, together with
PG&E Corporation, the “Debtors”), filed voluntary petitions for relief under chapter 11 of title 11 (“Chapter 11”) of the United States Code in the U.S. Bankruptcy Court for the Northern District of California (the “Bankruptcy Court”). The
Debtors’ Chapter 11 cases are being jointly administered under the caption In re: PG&E Corporation and Pacific Gas and Electric Company, Case No. 19-30088
(DM). On March 16, 2020, the Debtors, certain funds and accounts managed or advised by Abrams Capital Management, L.P. (“Abrams”), and certain funds and accounts managed or advised by Knighthead Capital Management, LLC (together with Abrams, the
“Shareholder Proponents”) filed the Debtors’ and Shareholder Proponents’ Joint Chapter 11 Plan of Reorganization dated March 16, 2020 with the Bankruptcy Court (as may be amended, modified or supplemented from time to time, the “Plan”).
On May 22, 2020, PrimeClerk LLC (“PrimeClerk”), the claims and noticing agent of the Debtors, authorized to assist the Debtors with, among other things, the
service and distribution of solicitation materials and tabulation of votes cast to accept or reject the Plan, certified the final voting results for the Plan, as follows:
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Plan Class
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Plan Class Name
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Number Accepting (Percentage)
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Amount Accepting (Percentage)
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Accept / Reject
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3B-I
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Utility Impaired Senior Note Claims
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99.30%
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99.99%
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Accept
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3B-III
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Utility Short-Term Senior Note Claims
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96.90%
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99.98%
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Accept
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3B-IV
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Utility Funded Debt Claims
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100%
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100%
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Accept
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5A-I
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HoldCo Public Entities Wildfire Claims
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100%
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100%
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Accept
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5B-I
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Utility Public Entities Wildfire Claims
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100%
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100%
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Accept
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5A-II
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HoldCo Subrogation Wildfire Claims
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100%
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100%
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Accept
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5B-II
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Utility Subrogation Wildfire Claims
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100% |
100% |
Accept |
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5A-III
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HoldCo Fire Victim Claims
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88.03%
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85.11%
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Accept
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5B-III
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Utility Fire Victim Claims
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88.03%
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85.11%
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Accept
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10A-I
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HoldCo Common Interests
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N/A
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99.79%
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Accept
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10A-II
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HoldCo Rescission or Damage Claims
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67.89%
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42.29%
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Reject
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Also on May 22, 2020, these final results were filed with the Bankruptcy Court.
The confirmation hearing on the Plan is scheduled for May 27, 2020.
Public Dissemination of Certain Information
PG&E Corporation and the Utility routinely provide links to the Utility’s principal regulatory proceedings before the CPUC and the Federal Energy
Regulatory Commission (FERC) at http://investor.pgecorp.com, under the “Regulatory Filings” tab, so that such filings are available to investors upon filing with the relevant agency. PG&E Corporation and the Utility also routinely post or provide
direct links to presentations, documents, and other information that may be of interest to investors at http://investor.pgecorp.com, under the “PG&E Progress,” “Chapter 11,” “Wildfire Updates” and “News & Events: Events & Presentations”
tabs, respectively, in order to publicly disseminate such information. It is possible that any of these filings or information included therein could be deemed to be material information. The information contained on such website is not part of this
or any other report that PG&E Corporation or the Utility files with, or furnishes to, the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.
| PG&E CORPORATION | ||||
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Dated: May 26, 2020
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By:
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/s/ JANET C. LODUCA | ||
| Name: | Janet C. Loduca | |||
| Title: | Senior Vice President and General Counsel |
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PACIFIC GAS AND ELECTRIC COMPANY
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Dated: May 26, 2020
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By:
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/s/ BRIAN M. WONG | ||
| Name: | Brian M. Wong |
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| Title: | Vice President, Deputy General Counsel and Corporate Secretary |
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