PG&E Corp (PCG) Prices Upsized 7.2M Offering

February 27, 2013 8:41 AM EST
PG&E Corporation (NYSE: PCG) announced the pricing of the previously announced public offering of 7,200,000 shares of its common stock at a price to the public of $41.71 per share. The offering is expected to close on March 4, 2013, subject to customary closing conditions. Barclays Capital Inc. is the underwriter for this offering.

The offering is upsized from the originally announced amount of 7 million shares.

PG&E Corporation expects to contribute all of the net proceeds from the offering to its regulated subsidiary, Pacific Gas and Electric Company, which will use such proceeds for general corporate purposes.

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