Item 8.01. Other Events




On November 18, 2022, Pacific Gas and Electric Company (the "
Utility
") and PG&E Recovery Funding LLC (the "
Issuing Entity
") entered into an Underwriting Agreement (the "
Underwriting Agreement
") with Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and J.P. Morgan
Securities LLC, as representatives of the underwriters party thereto with
respect to the purchase and sale of $983,362,000 of Senior Secured Recovery
Bonds, Series
2022-A
(the "
Recovery Bonds
"), to be issued by the Issuing Entity pursuant to an Indenture and Series
Supplement (together, the "
Indenture
"), each to be dated as of November 30, 2022, the forms of which are annexed
hereto as Exhibits 4.1 and 4.2, respectively. The Recovery Bonds were offered
pursuant to the prospectus dated November 18, 2022 (the "
Prospectus
"). In connection with the issuance of the Recovery Bonds, the Utility and the
Issuing Entity also expect to enter into a Recovery Property Servicing
Agreement, Recovery Property Purchase and Sale Agreement, and Administration
Agreement, each to be dated as of November 30, 2022, the forms of which are
annexed hereto as Exhibits 10.1, 10.2 and 10.3, respectively, and the
Underwriting Agreement is annexed hereto as Exhibit 1.1.

Item 9.01. Financial Statements and Exhibits




(d) Exhibits.

Exhibit
  No.                                     Description

 1.1        Underwriting Agreement among PG&E Recovery Funding LLC, Pacific Gas and
          Electric Company and Goldman Sachs & Co. LLC, Citigroup Global Markets Inc.
          and J.P. Morgan Securities LLC, as representatives of the Underwriters
          party thereto, dated November 18, 2022

 4.1        Form of Indenture between PG&E Recovery Funding LLC and The Bank of New
          York Mellon Trust Company, N.A., to be dated as of November 30, 2022

 4.2        Form of Series Supplement between PG&E Recovery Funding LLC and The Bank
          of New York Mellon Trust Company, N.A. (including forms of the Recovery
          Bonds), to be dated as of November 30, 2022

10.1        Form of Recovery Property Servicing Agreement between PG&E Recovery
          Funding LLC and Pacific Gas and Electric Company, as Servicer, to be dated
          as of November 30, 2022

10.2        Form of Recovery Property Purchase and Sale Agreement between PG&E
          Recovery Funding LLC and Pacific Gas and Electric Company, as Seller, to be
          dated as of November 30, 2022

10.3        Form of Administration Agreement between PG&E Recovery Funding LLC and
          Pacific Gas and Electric Company, as Administrator, to be dated as of
          November 30, 2022

104       Cover Page Interactive Data File - the cover page XBRL tags are embedded
          within the Inline XBRL document

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