FINANCIAL_SERVICESAPPROVED

California Public Utilities Commission Awards Financial Services Contract to Pacific Gas & Electric Company (July 2026)

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.

Status
APPROVED
Document date
July 31, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pacific Gas & Electric Company
Agency
California Public Utilities Commission · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
up to an aggregate total of $1.4 billion
Contract type
FINANCIAL_SERVICES
Renewal
One-time authorization to exclude the DWR Loan from PG&E’s regulatory capital structure; PG&E must report on the status of DWR loan forgiveness and its impact on GAAP capital structure in its next cost-of-capital application.
Document type
Report
Source document
California Public Utilities Commission Proposed Decision Regarding PG&E's Request for a Limited Capital Structure Adjustment 2026-07-31

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Public Utilities Commission?

Pacific Gas & Electric Company was awarded this financial services contract by California Public Utilities Commission, 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 worth?

The Pacific Gas & Electric Company contract with California Public Utilities Commission 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. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pacific Gas & Electric Company hold?

Pacific Gas & Electric Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Pacific Gas & Electric Company's profile

What is California Public Utilities Commission currently buying?

Explore California Public Utilities Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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