California Public Utilities Commission | State of California Awards Financial Services Contract to Pacific Gas & Electric Company (July 2026)
California Public Utilities Commission | State of CaliforniaState · San Francisco, CA- Disclosed value
- up to an aggregate total of $1.4 billion
- From report
- Approved
- Jul 31, 2026
The 30-second brief
The California Public Utilities Commission grants Pacific Gas and Electric Company authority to exclude up to $1.4 billion in interest-free, forgivable loan funds from the California Department of Water Resources from its regulatory capital structure. The loan, tied to a U.S. Department of Energy Civil Nuclear Credit Program award, finances the extended operation of Diablo Canyon Nuclear Power Plant without adding rate-base debt obligations.
Pacific Gas & Electric Company holds this financial services contract with California Public Utilities Commission | State of California. Its other public contracts on record include work for Oakwood Lake Water District and City of Atascadero.
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Contract details
- Contract type
- Financial Services
- Amount
- up to an aggregate total of $1.4 billion
- Document date
- July 31, 2026
- Vendor
- Pacific Gas & Electric Company
- Source document
- California Public Utilities Commission Proposed Decision Regarding PG&E's Request for a Limited Capital Structure Adjustment 2026-07-31 (Report)
Pacific Gas & Electric Company's other public contracts
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Questions about this contract
Who was awarded the financial services contract by California Public Utilities Commission | State of California?
Pacific Gas & Electric Company was awarded this financial services contract by California Public Utilities Commission | State of California, as recorded on July 31, 2026. The contract value is up to an aggregate total of $1.4 billion.
How much is the Pacific Gas & Electric Company contract with California Public Utilities Commission | State of California worth?
The Pacific Gas & Electric Company contract with California Public Utilities Commission | State of California is valued at up to an aggregate total of $1.4 billion, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in California Public Utilities Commission Proposed Decision Regarding PG&E's Request for a Limited Capital Structure Adjustment 2026-07-31 (Report), dated July 31, 2026 from California Public Utilities Commission | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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