SAN FRANCISCO--(BUSINESS WIRE)-- PG&E Corporation (NYSE: PCG) announced today the pricing of the previously announced public offering of 4,900,000 shares of its common stock at a price to the public of $63.25 per share. PG&E Corporation expects to contribute all of the net proceeds from the offering to its regulated utility subsidiary, Pacific Gas and Electric Company, which will use such proceeds for general corporate purposes.

BofA Merrill Lynch and Morgan Stanley are the underwriters for this offering. The common stock is being offered under PG&E Corporation’s effective shelf registration statement. The offering is expected to close on August 19, 2016, subject to customary closing conditions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The offering of these securities may be made only by means of the prospectus and the related prospectus supplement relating to the offering. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission and will be available on its website at www.sec.gov. Copies of the prospectus and the related prospectus supplement, when available, may be obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, email: dg.prospectus_requests@baml.com and Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

PG&E Corporation

PG&E Corporation (NYSE:PCG) is a Fortune 200 energy-based holding company, headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, California’s largest investor-owned utility. PG&E serves about 16 million Californians across a 70,000 square-mile service area in Northern and Central California.

This press release contains forward-looking statements of future expectations, including the consummation of this offering and the expected use of the proceeds therefrom. Actual results might differ materially from those anticipated. See “Risk Factors” and “Forward-Looking Statements” in PG&E Corporation’s prospectus and the related prospectus supplement, and similarly titled sections in PG&E Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2016 and June 30, 2016, and other reports that may be filed with the SEC.

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Source: PG&E Corporation