0001193125-21-305273.txt : 20211124 0001193125-21-305273.hdr.sgml : 20211124 20211022145154 ACCESSION NUMBER: 0001193125-21-305273 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211022 FILER: 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: CORRESP BUSINESS ADDRESS: STREET 1: 77 BEALE ST STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 BUSINESS PHONE: 4159737000 MAIL ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC GAS & ELECTRIC CO DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PG&E Recovery Funding LLC CENTRAL INDEX KEY: 0001866514 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P.O. BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 BUSINESS PHONE: (415) 973-1000 MAIL ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P.O. BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 CORRESP 1 filename1.htm CORRESP

October 22, 2021

Division of Corporation Finance

Securities and Exchange Commission

Division of Corporate Finance

100 F Street, N.E.

Washington, D.C. 20549

 

Attention:

Michelle Stasny – Structured Finance

    

Arthur Sandel – Structured Finance

 

  Re:

Pacific Gas and Electric Company

PG&E Recovery Funding LLC

Registration Statement on Form SF-1

Filed June 9, 2021

File Nos. 333-256944 and 333-256944-01

Dear Ms. Stasny and Mr. Sandel:

In connection with the proposed offering of the securities under the above-captioned Registration Statement on Form SF-1 (the “Registration Statement”), we wish to advise you that we, as representatives of the underwriters, hereby join the request of Pacific Gas and Electric Company and PG&E Recovery Funding LLC that the effective date of the Registration Statement be accelerated so that the same will become effective on October 26, 2021 at 9:00 a.m. E.D.T., or as soon as practicable thereafter.

The following is supplemental information supplied under Rule 418(a)(7) and Rule 460 under the Securities Act of 1933:

 

  (i)

Date of Preliminary Prospectus: October 19, 2021

 

  (ii)

Anticipated dates of distribution: October 26, 2021 – November 4, 2021

 

  (iii)

Number of preliminary prospectuses expected to be distributed to prospective underwriters, institutional investors, dealers and others: approximately 1500

 

  (iv)

We have complied and will comply, and have been informed by the participating underwriters that they have complied and will comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended.

Pursuant to Rule 460 of the Securities Act of 1933, please be advised that there will be distributed to each underwriter, who is reasonably anticipated to participate in the distribution of the securities, as many copies of the proposed form of Preliminary Prospectus as appears to be reasonable to secure adequate distribution of the Preliminary Prospectus.

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Very truly yours,
Goldman Sachs & Co. LLC
Citigroup Global Markets Inc.
GOLDMAN SACHS & CO. LLC
By:  

/s/ Katrina T. Niehaus

Name:   Katrina T. Niehaus
Title:   Managing Director
CITIGROUP GLOBAL MARKETS INC.
By:  

/s/ Steffen Lunde

Name:   Steffen Lunde
Title:   Director
On behalf of each of the Underwriters

Signature Page to Underwriters’ Acceleration Request