12/13/2024 | Press release | Distributed by Public on 12/13/2024 12:15
1. | Collections Allocable and Aggregate Amounts Available for the Current Payment Date: | |
Fixed Recovery Charge Remittances | ||
a.
|
Estimated Monthly Fixed Recovery Charges Remitted for May Collection Period |
$ 14,675,871.85
|
b.
|
Estimated Monthly Fixed Recovery Charges Remitted for June Collection Period |
$ 13,634,608.12
|
c.
|
Estimated Monthly Fixed Recovery Charges Remitted for July Collection Period |
$ 17,850,638.01
|
d.
|
Estimated Monthly Fixed Recovery Charges Remitted for August Collection Period |
$ 19,258,596.36
|
e.
|
Estimated Monthly Fixed Recovery Charges Remitted for September Collection Period |
$ $ ,195,183.86
|
f.
|
Estimated Monthly Fixed Recovery Charges Remitted for October Collection Period |
$ 19,770,091.94
|
g.
|
Estimated Monthly Fixed Recovery Charges Remitted for November Collection Period1 |
$ 7,542,069.19
|
i.
|
Total Estimated Fixed Recovery Charge Remittances |
$ 110,927,059.33
|
ii.
|
Investment Earnings on Collection Account | |
iii. Investment Earnings on Capital Subaccount
iv. Investment Earnings on Excess Funds Subaccount
v. Investment Earnings on General Subaccount
|
$ 507,623.63
$ 346,593.68
$ 1,587,465.67
|
|
vi.
|
General Subaccount Balance (sum of i and v above) |
$ 112,514,525.00
|
vii.
|
Excess Funds Subaccount Balance as of Prior Payment Date |
$ 4,056,935.91
|
viii.
|
Capital Subaccount Balance as of Prior Payment Date |
$ 19,385,372.14
|
ix.
|
Collection Account Balance (sum of vi -viii above) |
$ 116,571,460.91
|
2. | Outstanding Amounts as of Prior Payment Date: | |
i.
|
Tranche A-1 Outstanding Amount |
$ 412,621,732.00
|
ii.
|
Tranche A-2 Outstanding Amount |
$ 540,000,000.00
|
iii.
|
Tranche A-3 Outstanding Amount |
$ 360,000,000.00
|
iv.
|
Tranche A-4 Outstanding Amount |
$ 1,260,000,000.00
|
v.
|
Tranche A-5 Outstanding Amount |
$ 900,000,000.00
|
vi.
|
Aggregate Outstanding Amount of all Tranches of Recovery Bonds |
$ 3,472,621,732.00
|
3. | Required Funding/Payments as of Current Payment Date: |
$ 108,462,698.52
|
Principal |
Principal Due
|
|
i.
|
Tranche A-1 |
$ 32,584,886.00
|
ii.
|
Tranche A-2 |
-
|
iii.
|
Tranche A-3 |
-
|
iv.
|
Tranche A-3 |
-
|
v.
|
Tranche A-5 |
-
|
vi.
|
For all Tranches of Recovery Bonds: | $ 32,584,886.00 |
Interest Tranche | Interest Rate | Days in Interest Period | Principal Balance |
Interest Due
|
vii. Tranche A-1 | 3.594% | 180 |
$ 412,621,732.00
|
$ 7,414,812.52
|
viii. Tranche A-2 | 4.263% | 180 |
$ 540,000,000.00
|
$ 11,510,100.00
|
ix. Tranche A-3 | 4.377% | 180 |
$ 360,000,000.00
|
$ 7,878,600.00
|
x. Tranche A-4 | 4.451% | 180 |
$ 1,260,000,000.00
|
$ 28,041,300.00
|
xi. Tranche A-5 | 4.674% | 180 |
$ 900,000,000.00
|
$ 21,033,000.00
|
xii. | For all Tranches of Recovery Bonds: |
$ 75,877,812.52
|
||
Required Level |
Funding Required
|
|||
xiii. Capital Subaccount | $ 18,000,000.00 |
-
|
||
4. | Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture | |||
i. |
Indenture Trustee Fees and Expenses; Indemnity Amounts2
|
$ 2,200.00
|
||
ii. | Servicing Fee |
$ 900,000.00
|
||
iii. | Administration Fee |
$ 62,500.00
|
||
iv. | Other Ongoing Financing Costs Expenses |
$ 90,000.00
|
||
v. | Semi-Annual Interest (including any past-due for prior periods) |
$ 75,877,812.52
|
||
vi. | Return on PG&E Capital Contribution and any remittance of unpaid upfront financing costs |
$ 403,341.18
|
Tranche | Per $1000 of Original Principal Amount | Aggregate | |
1. | Tranche A-1 Interest Payment |
$ 7,414.81
|
$ 7,414,812.52
|
2. | Tranche A-2 Interest Payment |
$ 11,510.10
|
$ 11,510,100.00
|
3. | Tranche A-3 Interest Payment |
$ 7,878.60
|
$ 7,878,600.00
|
4. | Tranche A-4 Interest Payment |
$ 28,041.30
|
$ 28,041,300.00
|
5. | Tranche A-5 Interest Payment |
$ 21,033.00
|
$ 21,033,000.00
|
vii. | Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date |
$ 3,472,621,732.00
|
Tranche | Per $1000 of Original Principal Amount | Aggregate | |
1. | Tranche A-1 Principal Payment |
$ 32,584.89
|
$ 32,584,886.00
|
2. | Tranche A-2 Principal Payment |
-
|
-
|
3. | Tranche A-3 Principal Payment |
-
|
-
|
4. | Tranche A-4 Principal Payment |
-
|
-
|
5. | Tranche A-5 Principal Payment |
-
|
-
|
viii. | Semi-Annual Principal |
$ 32,584,886.00
|
|
ix. | Deposit to Excess Funds Subaccount |
2,593,785.30
|
|
x. | Released to Issuer upon Retirement of all Notes |
-
|
|
xi. | Aggregate Remittances as of Current Payment Date |
$ 110,927,059.33
|
5. | Subaccount Withdrawals as of Current Payment (if applicable, pursuant to Section 8.02(e) of Indenture: | |
i. | Excess Funds Subaccount |
$ -
|
ii. | Capital Subaccount |
$ -
|
iii. | Total Withdrawals |
$ -
|
6. | Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date): | |
i. | Tranche A-1 |
$ 380,036,846.00
|
ii. | Tranche A-2 |
$ 540,000,000.00
|
iii. | Tranche A-3 |
$ 360,000,000.00
|
iv. | Tranche A-4 |
$ 1,260,000,000.00
|
v. | Tranche A-5 |
$ 900,000,000.00
|
iv. | Aggregate Outstanding Amount of all Tranches of Recovery Bonds: |
$ 3,440,036,846.00
|
v. | Excess Funds Subaccount Balance |
$ 6,997,314.89
|
vi. | Capital Subaccount Balance |
$ 19,892,995.77
|
vii. | Aggregate Collection Account Balance |
$ 26,890,310.66
|
7. | Shortfalls in Interest and Principal Payments as of Current Payment Date |
i. | Semi-annual Interest |
Tranche A-1 Interest Payment |
$ -
|
Tranche A-2 Interest Payment |
$ -
|
Tranche A-3 Interest Payment |
$ -
|
Tranche A-4 Interest Payment |
$ -
|
Tranche A-5 Interest Payment |
$ -
|
ii. | Semi-Annual Principal |
Tranche A-1 Principal Payment |
$ -
|
Tranche A-2 Principal Payment |
$ -
|
Tranche A-3 Principal Payment |
$ -
|
Tranche A-4 Principal Payment |
$ -
|
Tranche A-5 Principal Payment |
$ -
|
8. | Shortfalls in Required Subaccount Levels as of Current Payment Date | |
iii. | Capital Subaccount |
$ -
|
PACIFIC GAS AND ELECTRIC COMPANY, |
a California corporation |
By: | /s/ MONICA KLEMANN |
Name: Monica Klemann | |
Title: Senior Director, Assistant Treasurer |