07/30/2024 | Press release | Distributed by Public on 07/30/2024 11:16
1. | Collections Allocable and Aggregate Amounts Available for the Current Payment Date: | |
a.
|
Estimated Monthly Fixed Recovery Charges Remitted for January Collection Period |
$ 1,811,143.00
|
b.
|
Estimated Monthly Fixed Recovery Charges Remitted for February Collection Period |
1,590,677.00
|
c.
|
Estimated Monthly Fixed Recovery Charges Remitted for March Collection Period |
1,979,182.00
|
d.
|
Estimated Monthly Fixed Recovery Charges Remitted for April Collection Period |
2,946,474.00
|
e.
|
Estimated Monthly Fixed Recovery Charges Remitted for May Collection Period |
4,222,429.00
|
f.
|
Estimated Monthly Fixed Recovery Charges Remitted for June Collection Period |
4,076077.00
|
i.
|
Total Estimated Fixed Recovery Charge Remittances |
$ 16,625,982.00
|
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
|
$ 120,471.47
349,968.62
180,310.90
|
|
vi.
|
General Subaccount Balance (sum of i and v above) |
$16,806,292.90
|
vii.
|
Excess Funds Subaccount Balance as of Prior Payment Date |
$9,953,709.19
|
viii.
|
Capital Subaccount Balance as of Prior Payment Date |
$4,560,886.08
|
ix.
|
Collection Account Balance (sum of vi -viii above) |
$31,320,888.17
|
2. | Outstanding Amounts as of Prior Payment Date: | |
i.
|
Tranche A-1 Outstanding Amount |
$ 206,845,161.00
|
ii.
|
Tranche A-2 Outstanding Amount |
160,309,000.00
|
iii.
|
Tranche A-3 Outstanding Amount |
433,963,000.00
|
iv.
|
Aggregate Outstanding Amount of all Tranches of Recovery Bonds |
801,117,161.00
|
3. | Required Funding/Payments as of Current Payment Date: |
$ 23,317,678.21
|
Principal |
Principal Due
|
|
i.
|
Tranche A-1 |
$ 13,856,968.00
|
ii.
|
Tranche A-2 |
-
|
iii.
|
Tranche A-3 |
-
|
iv.
|
For all Tranches of Recovery Bonds: | $ 13,856,968.00 |
Interest Tranche | Interest Rate | Days in Interest Period | Principal Balance |
Interest Due
|
v. Tranche A-1 | 1.460% | 180 |
$ 206,845,161.00
|
$ 1,509,969.68
|
vi. Tranche A-2 | 2.280% | 180 |
160,309,000.00
|
1,827,522.60
|
vii. Tranche A-3 | 2.822% | 180 |
433,963,000.00
|
6,123,217.93
|
viii. | For all Tranches of Recovery Bonds: |
$ 9,460,710.21
|
||
Required Level |
Funding Required
|
|||
ix. Capital Subaccount | $ 4,301,995.00 |
-
|
||
4. | Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture | |||
i. | Indenture Trustee Fees and Expenses; Indemnity Amounts |
$ 2,200.00
|
||
ii. | Servicing Fee |
215,100.00
|
||
iii. | Administration Fee |
37,500.00
|
||
iv. | Other Ongoing Financing Costs Expenses |
48,250.00
|
||
v. | Semi-Annual Interest (including any past-due for prior periods) |
9,460,710.21
|
||
vi. | Return on PG&E Capital Contribution and any remittance of unpaid upfront financing costs |
$ 101,280.65
|
Tranche | Per $1000 of Original Principal Amount | Aggregate | |
1. | Tranche A-1 Interest Payment |
$ 1,509.97
|
$ 1,509,969.68
|
2. | Tranche A-2 Interest Payment |
1,827.52
|
1,827,522.60
|
3. | Tranche A-3 Interest Payment |
6,123.22
|
6,123,217.93
|
vii. | Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date |
$ 801,117,161.00
|
Tranche | Per $1000 of Original Principal Amount | Aggregate | |
1. | Tranche A-1 Principal Payment |
$ 13,856.97
|
$ 13,856,968.00
|
2. | Tranche A-2 Principal Payment |
-
|
-
|
3. | Tranche A-3 Principal Payment |
-
|
-
|
viii. | Semi-Annual Principal |
13,856,968.00
|
|
ix. | Deposit to Excess Funds Subaccount |
-
|
|
x. | Released to Issuer upon Retirement of all Notes |
-
|
|
xi. | Aggregate Remittances as of Current Payment Date |
$ 16,625,982.00
|
5. | Subaccount Withdrawals as of Current Payment (if applicable, pursuant to Section 8.02(e) of Indenture: | |
i. | Excess Funds Subaccount |
$ 6,915,715.95
|
ii. | Capital Subaccount |
-
|
iii. | Total Withdrawals |
$ 6,915,715.95
|
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 |
$ 192,988,193.00
|
ii. | Tranche A-2 |
160,309,000.00
|
iii. | Tranche A-3 |
433,963,000.00
|
iv. | Aggregate Outstanding Amount of all Tranches of Recovery Bonds: |
787,260,193.00
|
v. | Excess Funds Subaccount Balance |
3,037,993.24
|
vi. | Capital Subaccount Balance |
4,660,763.14
|
vii. | Aggregate Collection Account Balance |
$7,698,756.38
|
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 |
-
|
ii. | Semi-Annual Principal |
Tranche A-1 Principal Payment |
-
|
Tranche A-2 Principal Payment |
-
|
Tranche A-3 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/ MARGARET K. BECKER |
Name: Margaret K. Becker | |
Title: Vice President and Treasurer |