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

~~July~~Date 24of Report: September 30, ~~2024~~2025

(Date of earliest event reported)

Commission File Number	Exact Name of Registrantas specified in its charter	State or Other Jurisdiction ofIncorporation or Organization	IRS Employer Identification Number
CommissionFile Number	Exact Name of Registrantas specified in its charter	State or Other Jurisdiction of Incorporation or Organization	IRS Employer Identification Number
001-12609	PG&E CORPORATION	California	94-3234914
001-02348	PACIFIC GAS AND ELECTRIC COMPANY	California	94-0742640
333-256944-01	PG&E RECOVERY FUNDING LLC	Delaware	87-1047820

		PG&E RECOVERY FUNDING LLC
300 Lakeside Drive		300 Lakeside Drive
300 Lakeside DriveOakland, California 94612		C/O Pacific Gas and Electric Company300 Lakeside DriveOakland, California 94612
Oakland, California 94612		Oakland, California 94612
(Address of principal executive offices) (Zip Code)		(Address of principal executive offices) (Zip Code)
(415) 973-7000		(415) 973-7000
(415) 973-1000		(415) 973-7000
(Registrant’s telephone number, including area code)		(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form

8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting ~~Material~~material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	~~TradingSymbol~~Trading Symbol(s)	Name of each exchangeon which registered
Common stock, no par value	PCG	The New York Stock Exchange
First preferred stock, cumulative, par value $25 per share, 6% nonredeemable	PCG-PA	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable	PCG-PB	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% nonredeemable	PCG-PC	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% redeemable	PCG-PD	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% series A redeemable	PCG-PE	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.80% redeemable	PCG-PG	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.50% redeemable	PCG-PH	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.36% series A redeemable	PCG-PI	NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.36% redeemable	PCG-PI	NYSE American LLC
6.000% Series A Mandatory Convertible Preferred Stock, no par value	PCG-PrX	The New York Stock Exchange

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).

Emerging growth company PG&E Corporation ☐ Emerging growth company Pacific Gas and Electric Company ☐ ☐

Emerging growth company PG&E Recovery Funding LLC ☐

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.

PG&E Corporation ☐ Pacific Gas and Electric Company ☐ ☐

PG&E Recovery Funding LLC ☐

Item 8.01.

Other Events

On September 30, 2025, Pacific Gas and Electric Company (the “Utility”) entered into an Underwriting Agreement for the issue and sale of (i) $400,000,000 aggregate principal amount of 5.000% First Mortgage Bonds due 2028 (the “2028 Bonds”), (ii) $850,000,000 aggregate principal amount of 5.050% First Mortgage Bonds due 2032 (the “2032 Bonds”) and (iii) $750,000,000 aggregate principal amount of 6.100% First Mortgage Bonds due 2055 (the “2055 Bonds”, together with the 2028 Bonds and the 2032 Bonds, the “Mortgage Bonds”). The 2028 Bonds are part of the same series of debt securities issued by the Utility on June 4, 2025. Upon completion of this offering, the aggregate principal amount of outstanding 2028 Bonds is $800,000,000. On October 2, 2025, the Utility completed the sale of the Mortgage Bonds. For further information concerning the Mortgage Bonds, refer to the exhibits attached to this report.

Issuing Entity

Underwriting Agreement

2024-A

Recovery Bonds

Indenture

Prospectus

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.		Description
1.1		Underwriting Agreement, ~~among~~dated ~~PG&E~~as ~~Recovery~~of ~~Funding~~September ~~LLC~~30, ~~Pacific~~2025, ~~Gas~~by and ~~Electric~~among ~~Company~~Pacific Gas and ~~Goldman~~Electric ~~Sachs & Co. LLC~~Company, ~~Citigroup~~Barclays ~~Global~~Capital ~~Markets~~ Inc., ~~and~~BNP ~~J.P.~~Paribas ~~Morgan~~ Securities ~~LLC~~Corp., asMUFG ~~representatives~~Securities ofAmericas ~~the~~Inc. ~~Underwriters~~and ~~party~~RBC ~~thereto,~~Capital ~~dated July 24~~Markets, ~~2024~~LLC
4.1		~~Form~~Thirty-First ofSupplemental Indenture, dated as of October 2, 2025, relating to the 2032 Bonds and the 2055 Bonds, between ~~PG&E~~Pacific ~~Recovery~~Gas ~~Funding~~and ~~LLC~~Electric Company and The Bank of New York Mellon Trust Company, N.A., toas beTrustee ~~dated~~(including asthe forms of ~~August~~the 1,2032 ~~2024~~Bonds and the 2055 Bonds)
4.2		~~Form~~Twenty-Ninth Supplemental Indenture, dated as of ~~Series~~June ~~Supplement~~4, 2025, relating to the 2028 Bonds, between ~~PG&E~~Pacific ~~Recovery~~Gas ~~Funding~~and ~~LLC~~Electric Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (including ~~forms~~the form of the ~~Recovery~~2028 Bonds), (incorporated by reference to bePacific Gas and Electric Company’s Form 8-K dated asJune of4, ~~August~~2025 (File No. 1-12609), ~~2024~~Exhibit 4.1)
10.1		Form of Recovery Property Servicing Agreement between PG&E Recovery Funding LLC and Pacific Gas and Electric Company, as Servicer, to be dated as of August 1, 2024
5.1		Opinion of Hunton Andrews Kurth LLP, dated October 2, 2025
10.2		Form of Recovery Property Purchase and Sale Agreement between PG&E Recovery Funding LLC and Pacific Gas and Electric Company, as Seller, to be dated as of August 1, 2024
23.1		Consent of Hunton Andrews Kurth LLP (included in Exhibit 5.1 above)
10.3		Form of Administration Agreement between PG&E Recovery Funding LLC and Pacific Gas and Electric Company, as Administrator, to be dated as of August 1, 2024
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
10.4		Form of Joinder Agreement to Collection Account Intercreditor Agreement among Pacific Gas and Electric Company, CitiBank, N.A., in its role as Collection Account Agent and PG&E Recovery Funding LLC, to be dated as of August 1, 2024
104		Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

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 thereunto duly authorized.

	PACIFIC GAS AND ELECTRIC COMPANY
	PG&E CORPORATION
	By:	/s/ Stephanie N. Williams
Date: October 2, 2025	By:	/s/ Carolyn J. Burke
		Stephanie N. Williams
	Name:	Carolyn J. Burke
Dated: July 26, 2024		Vice President, Chief Financial Officer and Controller
	Title:	Executive Vice President and Chief Financial Officer
	PG&E RECOVERY FUNDING LLC
	By:	/s/ Margaret K. Becker
		Margaret K. Becker
Dated: July 26, 2024		President

PACIFIC GAS AND ELECTRIC COMPANY

Date: October 2, 2025

/s/ Margaret K. Becker

Margaret K. Becker

Vice President, Internal Audit and Treasurer

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