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Pacific Gas & Electric Co., 4.50% First Preferred Stock Redeemable
Ticker Symbol: PCG-H CUSIP: 694308800 Exchange: AMEX
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Pacific Gas & Electric Co., 4.50% First Preferred Stock, Cumulative, par value $25 per share, redeemable without mandatory redemption provisions and redeemable anytime at the company's option at the specified redemption price plus accrued and unpaid dividends. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders.
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Go to Parent Company's Record (PCG)
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Notes: February 8, 2022, Pacific Gas and Electric Company declared payment of all cumulative and unpaid dividends on its preferred shares as of January 31, 2022 and dividends that will be accrued through April 30, 2022, payable on May 13, 2022 and May 15, 2022, respectively, to shareholders of record on April 29, 2022. July 1, 2020 -- PG&E Corporation (the “Corporation”) and Pacific Gas and Electric Company (the “Utility,” together “PG&E”) announced today that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization (“Plan”) that was confirmed by the United States Bankruptcy Court on June 20, 2020 January 29, 2019 -- PG&E Corporation and its subsidiary, Pacific Gas and Electric Company (the Utility), voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. December 20, 2017 -- PG&E Corporation today announced that its Board of Directors has determined to suspend the quarterly cash dividend on the Corporation's common stock, beginning with the fourth quarter of 2017, citing uncertainty related to causes and potential liabilities associated with the extraordinary October 2017 Northern California wildfires. In addition, the Board of Directors of the Corporation's utility subsidiary, Pacific Gas and Electric Company, determined to suspend the dividend on the utility's preferred stock, beginning with the three-month period ending Jan. 31, 2018, citing the same uncertainty. No causes have yet been identified for any of the unprecedented wildfires, which continue to be the subject of ongoing investigations. However, California is one of the only states in the country in which courts have applied inverse condemnation to events caused by utility equipment. This means that if a utility's equipment is found to have been a substantial cause of the damage in an event such as a wildfire - even if the utility has followed established inspection and safety rules - the utility may still be liable for property damages and attorneys' fees associated with that event.
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 77 Beale Street, San Francisco, California 94177 |
| Main Phone Number |
415-973-1000 |
| Fax Number |
415-267-7265 |
| Investor Relations
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415-267-7080
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Toll Free Phone Number |
Unknown |
| CEO - Patricia K. "Patti" Poppe |
CFO - Jason P. Wells |
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