-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H8P4Livdd+NY6xvkZF9cEAPpI+L2TWoWYvQb0d7qUyfa8quRTwGUdyE/ftdX8LnK FCh8VVcBrMfAPg6XEBVTJw== 0000950134-07-005190.txt : 20070308 0000950134-07-005190.hdr.sgml : 20070308 20070308163727 ACCESSION NUMBER: 0000950134-07-005190 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070308 DATE AS OF CHANGE: 20070308 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC GAS & ELECTRIC CO CENTRAL INDEX KEY: 0000075488 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 940742640 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-109994 FILM NUMBER: 07681335 BUSINESS ADDRESS: STREET 1: 77 BEALE ST STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 BUSINESS PHONE: 4152677000 MAIL ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC GAS & ELECTRIC CO CENTRAL INDEX KEY: 0000075488 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 940742640 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 77 BEALE ST STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 BUSINESS PHONE: 4152677000 MAIL ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 FWP 1 f27451fwfwp.htm FREE WRITING PROSPECTUS fwp
 

Filed Pursuant to Rule 433
Registration No. 333-109994
March 8, 2007
PRICING TERM SHEET
5.80% Senior Notes due March 1, 2037
     
Issuer:
  Pacific Gas and Electric Company
 
    
Security:
  5.80% Senior Notes due March 1, 2037
 
    
Size:
  $700,000,000
 
    
Maturity Date:
  March 1, 2037
 
    
Coupon:
  5.80%
 
    
Interest Payment Dates:
  March 1 and September 1, commencing September 1, 2007
 
    
Price to Public:
  99.454%
 
    
Benchmark Treasury:
  4.50% due February 15, 2036
 
    
Benchmark Treasury Yield:
  4.679%
 
    
Spread to Benchmark Treasury:
  116 basis points
 
    
Yield:
  5.839%
 
    
Optional Redemption:
  Make-Whole Call at Treasuries plus 25 basis points
 
    
Expected Settlement Date:
  March 13, 2007
 
    
CUSIP:
  694308 GJ0
 
    
Anticipated Ratings:
  Baa1 by Moody’s Investors Service, Inc.
 
  BBB by Standard & Poor’s Ratings Services
 
    
Joint Book-Running Managers:
  Barclays Capital Inc.
 
  Citigroup Global Markets Inc.
 
  Deutsche Bank Securities Inc.
 
    
Co-Managers:
  ABN AMRO Incorporated
 
  BNY Capital Markets, Inc.
 
  Loop Capital Markets, LLC
 
  The Williams Capital Group, L.P.
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.
You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll free at 1-888-227-2275, Ext. 2663; Citigroup Global Markets Inc. toll free at 1-877-858-5407; or Deutsche Bank Securities Inc. toll free at 1-800-503-4611.

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