EXHIBIT A-24 

Exhibit A-24 Page 652

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Execution Copy 

Twenty-Fourth Supplemental Indenture 

Dated as of November 6, 2014 

Supplement to the Amended and Restated Indenture 

Dated as of April 22, 2005 

PACIFIC GAS AND ELECTRIC COMPANY 

Issuer 

and 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

Trustee 

OHSUSA:759342913.4 

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TABLE OF CONTENTS 

Page 

ARTICLE I DEFINITIONS 

ARTICLE II ESTABLISHMENT OF THE 4.30% SENIOR NOTES 

SECTION 201 

SECTION 202 

SECTION 203 

SECTION 204 

SECTION 205 

SECTION 206 

SECTION 207 

SECTION 208 Other Terms of the 4.30% Senior Notes 

ARTICLE III OPTIONAL REDEMPTION BY COMPANY 

SECTION 301 

SECTION 302 

SECTION 303 

ARTICLE IV MISCELLANEOUS 

SECTION 401 

SECTION 402 

SECTION 403 

EXHIBIT A 

2 

4 

Establishment and Designation of the 4.30% Senior Notes 4 

Form of the 4.30% Senior Notes 4 

Principal Amount of the 4.30% Senior Notes 4 

Interest Rates; Stated Maturity of the 4.30% Senior Notes; 

Minimum Denomination 4 

No Sinking Fund 4 

Paying Agent and Bond Registrar 5 

Global Securities; Appointment of Depositary for Global 

Securities 5 

5 

5 

Optional Redemption of 4.30% Senior Notes 5 

Calculation of Redemption Price 6 

Notice of Redemption 6 

6 

Application of Twenty-Fourth Supplemental Indenture 6 

Effective Date of Twenty-Fourth Supplemental Indenture 7 

Counterparts 7 

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TWENTY-FOURTH SUPPLEMENTAL INDENTURE, dated as of November 6, 2014 

(this "Twenty-Fourth Supplemental Indenture"), by and between PACIFIC GAS AND 

ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State 

of California (the "Company" or the "Issuer"), and THE BANK OF NEW YORK MELLON 

TRUST COMPANY, N.A., a national banking association organized and existing under the 

laws of the United States of America (formerly known as The Bank of New York Trust 

Company, N.A.), as Trustee under the Base Indenture (as hereinafter defined) (the "Trustee"). 

RECITALS OF THE COMPANY 

A. The Company and the Trustee are parties to that certain Amended and Restated 

Indenture, dated as of April 22, 2005 (the "Base Indenture"), as supplemented by the First 

Supplemental Indenture, dated as of March 13, 2007 (the "First Supplemental Indenture"), the 

Second Supplemental Indenture, dated as of December 4, 2007 (the "Second Supplemental 

Indenture"), the Third Supplemental Indenture, dated as of March 3, 2008 (the "Third 

Supplemental Indenture"), the Fourth Supplemental Indenture, dated as of October 21, 2008 (the 

"Fourth Supplemental Indenture"), the Fifth Supplemental Indenture, dated as of November 18, 

2008 (the "Fifth Supplemental Indenture"), the Sixth Supplemental Indenture, dated as of March 

6, 2009 (the "Sixth Supplemental Indenture"), the Seventh Supplemental Indenture, dated as of 

June 11, 2009 (the "Seventh Supplemental Indenture"), the Eighth Supplemental Indenture, 

dated as of November 18, 2009 (the "Eighth Supplemental Indenture"), the Ninth Supplemental 

Indenture, dated as of April 1, 2010 (the "Ninth Supplemental Indenture"), the Tenth 

Supplemental Indenture, dated as of September 15, 2010 (the "Tenth Supplemental Indenture"), 

the Eleventh Supplemental Indenture, dated as of October 12, 2010 (the "Eleventh Supplemental 

Indenture"), the Twelfth Supplemental Indenture, dated as of November 18, 2010 (the "Twelfth 

Supplemental Indenture"), the Thirteenth Supplemental Indenture, dated as of May 13, 2011 (the 

"Thirteenth Supplemental Indenture"), the Fourteenth Supplemental Indenture, dated as of 

September 12, 2011 (the "Fourteenth Supplemental Indenture"), the Fifteenth Supplemental 

Indenture, dated as of November 22, 2011 (the "Fifteenth Supplemental Indenture"), the 

Sixteenth Supplemental Indenture, dated as of December 1, 2011 (the "Sixteenth Supplemental 

Indenture"), the Seventeenth Supplemental Indenture, dated as of April 16, 2012 (the 

"Seventeenth Supplemental Indenture"), the Eighteenth Supplemental Indenture, dated as of 

August 16, 2012 (the "Eighteenth Supplemental Indenture"), the Nineteenth Supplemental 

Indenture, dated as of June 14, 2013 (the "Nineteenth Supplemental Indenture"), the Twentieth 

Supplemental Indenture, dated as of November 12, 2013 (the "Twentieth Supplemental 

Indenture"), the Twenty-First Supplemental Indenture, dated as of February 21, 2014 (the 

"Twenty-First Supplemental Indenture"), the Twenty-Second Supplemental Indenture, dated as 

of May 12, 2014 (the "Twenty-Second Supplemental Indenture"), the Twenty-Third 

Supplemental Indenture, dated as of August 18, 2014 (the "Twenty-Third Supplemental 

Indenture") and this Twenty-Fourth Supplemental Indenture (this "Twenty-Fourth Supplemental 

Indenture," and together with the Base Indenture, the First Supplemental Indenture, the Second 

Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, 

the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental 

Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture, the Tenth 

Supplemental Indenture, the Eleventh Supplemental Indenture, the Twelfth Supplemental 

Indenture, the Thirteenth Supplemental Indenture, the Fourteenth Supplemental Indenture, the 

Fifteenth Supplemental Indenture, the Sixteenth Supplemental Indenture, the Seventeenth 

OHSUSA:759342913 4 

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Supplemental Indenture, the Eighteenth Supplemental Indenture, the Nineteenth Supplemental 

Indenture, the Twentieth Supplemental Indenture, the Twenty-First Supplemental Indenture, the 

Twenty-Second Supplemental Indenture and the Twenty-Third Supplemental Indenture, the 

"Indenture"), which supplements, amends and restates that certain Indenture of Mortgage, dated 

as of March 11, 2004, as supplemented by the First Supplemental Indenture thereto, dated as of 

March 23, 2004 and the Second Supplemental Indenture thereto, dated as of April 12, 2004, 

providing for the issuance by the Company of an unlimited number of series of Bonds (as 

defined in the Base Indenture) from time to time. 

B. Under the Base Indenture, the Company is authorized to establish one or more 

series of Bonds at any time in accordance with and subject to the provisions of the Base 

Indenture, and the terms of such series of Bonds may be described by a supplemental indenture 

executed by the Company and the Trustee. 

C. The execution and delivery of this Twenty-Fourth Supplemental Indenture has 

been authorized by a Board Resolution (as defined in the Base Indenture). 

D. Concurrent with the execution hereof, the Company has caused its counsel to 

deliver to the Trustee an Opinion of Counsel (as defined in the Base Indenture) pursuant to 

Section 13.03 of the Base Indenture, together with the documents required under Article V of the 

Base Indenture. 

E. The Company has done all things necessary to make this Twenty-Fourth 

Supplemental Indenture a valid agreement of the Company, in accordance with its terms. 

NOW, THEREFORE, the Company and the Trustee agree, for the benefit of each other 

and for the equal and proportionate benefit of Holders of the 4.30% Senior Notes (as defined 

below) with respect to all provisions herein applicable to each such series of notes, as follows: 

ARTICLE I 

DEFINITIONS 

Unless the context otherwise requires, capitalized terms used but not defined herein have 

the meaning set forth in the Indenture. The following additional terms are hereby established for 

purposes of this Twenty-Fourth Supplemental Indenture and shall have the meanings set forth in 

this Twenty-Fourth Supplemental Indenture only for purposes of this Twenty-Fourth 

Supplemental Indenture: 

"4.30% Senior Notes" has the meaning set forth in Section 201 hereto. 

"Adjusted Treasury Rate" means, with respect to any Redemption Date for any 4.30% 

Senior Note, the rate per annum equal to the semi-annual equivalent yield to maturity of the 

Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a 

percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption 

Date. 

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"Comparable Treasury Issue" means the United States Treasury security selected by 

the Quotation Agent as having a maturity comparable to the remaining term of the 4.30% Senior 

Notes to be redeemed that would be used, at the time of selection and in accordance with 

customary financial practice, in pricing new issues of corporate debt securities of comparable 

maturity to the remaining term of the 4.30% Senior Notes to be redeemed. 

"Comparable Treasury Price" means, with respect to any Redemption Date for any 

4.30% Senior Note, (1) the average of the Reference Treasury Dealer Quotations for such 

Redemption Date, after excluding the highest and lowest of the Reference Treasury Dealer 

Quotations or (2) if the Company obtains fewer than four Reference Treasury Dealer Quotations, 

the average of all Reference Treasury Dealer Quotations so received. 

"Primary Treasury Dealer" means a primary U.S. Government Securities dealer in the 

United States. 

"Quotation Agent" means the Reference Treasury Dealer appointed by the Company. 

"Redemption Price" means the price at which 4.30% Senior Notes may be redeemed 

pursuant to Section 301(a) or Section 301(b) hereto, as applicable. 

"Reference Treasury Dealer" means (1) each of Barclays Capital Inc., BNP Paribas 

Securities Corp., Morgan Stanley & Co. LLC and U.S. Bancorp Investments, Inc., and their 

respective successors, unless any of them ceases to be a Primary Treasury Dealer, in which case 

the Company shall substitute another Primary Treasury Dealer; and (2) any other Primary 

Treasury Dealer selected by the Company. 

"Reference Treasury Dealer Quotations" means, with respect to each Reference 

Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the 

bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage 

of its principal amount) quoted in writing to the Company by that Reference Treasury Dealer at 

5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

For purposes of this definition only, "Business Day" means any day that is not a day on which 

banking institutions in New York City are authorized or required by law or regulation to close. 

"Remaining Scheduled Payments" means, with respect to each of the 4.30% Senior 

Notes that the Company is redeeming pursuant to Section 301(a) hereto, the remaining scheduled 

payments of principal and interest that would be due after the applicable Redemption Date if 

such 4.30% Senior Notes were not redeemed. However, if the Redemption Date is not a 

scheduled Interest Payment Date with respect to such 4.30% Senior Notes, the amount of the 

next succeeding scheduled interest payment on such 4.30% Senior Notes will be reduced by the 

amount of interest accrued on such 4.30% Senior Notes to the Redemption Date. 

"U.S. Government Securities" means securities which are (a) direct obligations of the 

United States of America for the payment on which its full faith and credit is pledged or (b) 

obligations of a Person controlled or supervised by and acting as an agency or instrumentality of 

the United States of America the payment of which is unconditionally guaranteed as a full faith 

and credit obligation of the United States of America, and which in the case of (a) and (b) are not 

callable or redeemable at the option of the issuer thereof, and shall also include a depository 

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receipt issued by a bank or trust company as custodian with respect to any such U.S. Government 

Security or a specific payment of interest on or principal of any such U.S. Government Security 

held by such custodian for the account of the holder of a depository receipt, provided that (except 

as required by law) such custodian is not authorized to make any deduction from the amount 

payable to the holder of such depository receipt from any amount received by the custodian in 

respect of the U.S. Government Security evidenced by such depository receipt. 

The words "herein," "hereof" and "hereunder" and other words of similar import refer to 

this Twenty-Fourth Supplemental Indenture as a whole and not to any particular Article, Section 

or other subdivision. 

ARTICLE II 

ESTABLISHMENT OF THE 4.30% SENIOR NOTES 

SECTION 201 Establishment and Designation of the 4.30% Senior Notes. 

Pursuant to the terms hereof and Section 3.01 of the Indenture, the Company hereby 

establishes a forty-seventh series of Bonds designated as the "4.30% Senior Notes due March 15, 

2045" (the "4.30% Senior Notes"). The 4.30% Senior Notes may be reopened, from time to 

time, for issuances of additional Bonds of such series, and any additional Bonds issued and 

comprising 4.30% Senior Notes shall have identical terms as the 4.30% Senior Notes, except that 

the issue price, issue date and, in some cases, the first Interest Payment Date may differ. 

SECTION 202 Form of the 4.30% Senior Notes. 

The 4.30% Senior Notes shall be issued in the form of one or more Global Bonds in 

substantially the form set forth in Exhibit A hereto. 

SECTION 203 Principal Amount of the 4.30% Senior Notes. 

The 4.30% Senior Notes shall be issued in an initial aggregate principal amount of 

$500,000,000. 

SECTION 204 Interest Rates; Stated Maturity of the 4.30% Senior Notes; 

Minimum Denomination. 

The 4.30% Senior Notes shall bear interest at the rate of 4.30% per annum and shall have 

a Stated Maturity of March 15, 2045. 

The 4.30% Senior Notes are issuable in denominations of $1,000 and any integral 

multiple of $1,000 in excess thereof. 

SECTION 205 No Sinking Fund. 

No sinking fund is provided for the 4.30% Senior Notes. 

OHSUSA:759342913.4 4 

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SECTION 206 Paying Agent and Bond Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Bond Registrar for the 

4.30% Senior Notes. The Place of Payment of the 4.30% Senior Notes shall be the Corporate 

Trust Office of the Trustee. 

SECTION 207 Global Securities: Appointment of Depositary for Global 

Securities. 

The 4.30% Senior Notes shall be issued in the form of one or more permanent Global 

Bonds as provided in Section 3.13 of the Indenture and deposited with, or on behalf of, the 

Depositary, or with the Trustee, as custodian for the Depositary, duly executed by the Company 

and authenticated by the Trustee. 

The Company hereby initially appoints The Depository Trust Company ("DTC") to act as 

the Depositary with respect to all 4.30% Senior Notes, and the 4.30% Senior Notes shall initially 

be registered in the name of Cede & Co., as the nominee of DTC. 

The Company and DTC have executed a Blanket Letter of Representations, and the 

Trustee is hereby authorized in connection with any successor nominee for DTC or any 

successor Depositary, to enter into appropriate or comparable arrangements, if necessary, and 

shall have the same rights with respect to its actions thereunder as it has with respect to its 

actions under the Indenture. 

None of the Company, the Trustee, any Paying Agent or any Bond Registrar will have 

any responsibility or liability for any aspect of Depositary records relating to, or payments made 

on account of, beneficial ownership interests in a Global Bond or for maintaining, supervising or 

reviewing any Depositary records relating to such beneficial ownership interests, or for transfers 

of beneficial interests in the Bonds or any transactions between the Depositary and beneficial 

owners. 

SECTION 208 Other Terms of the 4.30% Senior Notes. 

The other terms of the 4.30% Senior Notes shall be as expressly set forth herein and in 

Exhibit A. 

ARTICLE III 

OPTIONAL REDEMPTION BY COMPANY 

SECTION 301 Optional Redemption of 4.30% Senior Notes. 

(a) Subject to the terms and conditions of the Indenture, at any time prior to 

September 15, 2044 (the date that is six months prior to the Maturity Date), the 4.30% Senior 

Notes are redeemable at the option of the Company in whole or in part at a Redemption Price 

equal to the greater of: 

(i) 100% of the principal amount of the 4.30% Senior Notes to be redeemed; or 

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(ii) as detetinined by the Quotation Agent, the sum of the present values of the 

Remaining Scheduled Payments of principal and interest on the 4.30% Senior Notes to be 

redeemed (not including any portion of payments of interest accrued as of the 

Redemption Date), calculated as if the Maturity Date of such 4.30% Senior Notes was 

September 15, 2044 (the date that is six months prior to the Maturity Date), discounted to 

the Redemption Date on a semiannual basis at the Adjusted Treasury Rate, plus 20 basis 

points; 

plus, in either of the above cases, accrued and unpaid interest thereon to but not including the 

Redemption Date. 

(b) Subject to the terms and conditions of the Indenture, at any time on or 

after September 15, 2044 (the date that is six months prior to the Maturity Date), the 4.30% 

Senior Notes are redeemable at the option of the Company in whole or in part at 100% of the 

principal amount of the 4.30% Senior Notes to be redeemed, plus accrued and unpaid interest 

thereon to but not including the Redemption Date. 

(c) The Redemption Price shall be calculated assuming a 360-day year 

consisting of twelve 30-day months. 

SECTION 302 Calculation of Redemption Price. The Company shall calculate 

the Redemption Price for the redemption of any 4.30% Senior Notes pursuant to Section 301, 

and notify the Trustee of such Redemption Price before it sends the amount of the Redemption 

Price to the Trustee or any Paying Agent. 

SECTION 303 Notice of Redemption. Notice of any redemption pursuant to 

Section 301 shall be given to Holders of the 4.30% Senior Notes not less than ten (10) days nor 

more than sixty (60) days prior to the Redemption Date in the manner set forth in Section 6.04 of 

the Indenture; provided, however, that such notice need not state the dollar amount of the 

Redemption Price if such dollar amount has not been determined as of the date such notice is 

being given to the Holders of the 4.30% Senior Notes being redeemed. Notwithstanding Section 

6.02 of the Indenture, if the Company elects to redeem 4.30% Senior Notes pursuant to Section 

301 hereof, it shall give written notice to the Trustee of such Redemption Date and of the 

principal amount of the 4.30% Senior Notes to be redeemed at least twenty (20) days prior to the 

redemption date fixed by the Company (unless a shorter notice shall be satisfactory to the 

Trustee). 

ARTICLE IV 

MISCELLANEOUS 

SECTION 401 Application of Twenty-Fourth Supplemental Indenture. 

Except as provided in Section 401 hereof, each and every term and condition contained in 

this Twenty-Fourth Supplemental Indenture that modifies, amends or supplements the teiiiis and 

conditions of the Indenture shall apply only to the 4.30% Senior Notes established hereby, and 

not to any other series of Bonds established under the Indenture. Except as specifically amended 

and supplemented by, or to the extent inconsistent with, this Twenty-Fourth Supplemental 

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Indenture, the Indenture shall remain in full force and effect and is hereby ratified and 

confirmed. 

SECTION 402 Effective Date of Twenty-Fourth Supplemental Indenture. 

This Twenty-Fourth Supplemental Indenture shall be effective upon the execution and 

delivery hereof by each of the parties hereto. 

SECTION 403 Counterparts. 

This Twenty-Fourth Supplemental Indenture may be executed in any number of 

counterparts, each of which so executed shall be deemed to be an original, but all such 

counterparts shall together constitute but one and the same instrument. 

OHSUSA:759342913.4 7 

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IN WITNESS WHEREOF, the parties hereto have caused this Twenty-Fourth 

Supplemental Indenture to be duly executed by their respective officers hereunto duly 

authorized, all as of the day and year first above written. 

PACIFIC GAS AND ELECTRIC COMPANY, 

as Issuer 

By: 

Name: Nicholas M. Bijur 

Title: Vice President and Treasurer 

THE BANK OF NEW YORK MELLON 

TRUST COMPANY, N.A., 

as Trustee 

By: 

Name: 

Title: 

Signature Page to Twenty-Fourth Supplemental Indenture 

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IN WITNESS WHEREOF, the parties hereto have caused this Twenty-Fourth 

Supplemental Indenture to be duly executed by their respective officers hereunto duly 

authorized, all as of the day and year first above written. 

PACIFIC GAS AND ELECTRIC COMPANY, 

as Issuer 

By: 

Name: Nicholas M. Bijur 

Title: Vice President and Treasurer 

THE BANK OF NEW YORK MELLON 

TRUST COMPANY, N.A., 

as Trustee 

By: 

Name: 

Title: 

ee Young 

ice President 

Signature Page to Twenty-Fourth Supplemental Indenture 

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EXHIBIT A 

FORM OF 4.30% SENIOR NOTES DUE MARCH 15, 2045 

THIS SENIOR NOTE IS A BOND AND A GLOBAL BOND WITHIN THE MEANING OF THE 

INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY 

OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR 

SENIOR NOTES IN DEFINITIVE FORM, THIS SENIOR NOTE MAY NOT BE TRANSFERRED EXCEPT AS 

A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE 

DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE 

DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH 

SUCCESSOR DEPOSITARY. 

UNLESS THIS SENIOR NOTE CERTIFICATE IS PRESENTED BY AN AUTHORIZED 

REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), 

TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, 

AND ANY SENIOR NOTE CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN 

SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY 

PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN 

AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR 

VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED 

OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THE FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE INFORMATION SET FORTH ON 

THE REVERSE HEREOF: 

PRINCIPAL AMOUNT : ORIGINAL ISSUE DATE: INTEREST RATE: 4.30% per annum 

$500,000,000 November 6, 2014 

MATURITY DATE: 

March 15, 2045 

REGISTERED OWNER: Cede & Co., as 

nominee of The Depository Trust Company 

INTEREST PAYMENT DATES: THIS SENIOR NOTE IS A: 

March 15 and September 15, commencing March E Global Book-Entry Bond 

15, 2015 ❑ Certificated Bond 

OHSUSA:759342913.4 A-1 

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PACIFIC GAS AND ELECTRIC COMPANY 

4.30% SENIOR NOTES DUE MARCH 15, 2045 

(Fixed Rate) 

No. R-1 Principal Amount: $500,000,000 

CUSIP No: 694308 HL4 

PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing 

under the laws of the State of California (herein called the "Company," which term includes any 

successor Person pursuant to the applicable provisions of the Indenture hereinafter referred to), 

for value received, hereby promises to pay to Cede & Co., as nominee for The Depository Trust 

Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated 

above, and to pay interest thereon from and including the Original Issue Date stated above or, in 

the case of a 4.30% Senior Note due March 15, 2045 issued upon the registration of transfer or 

exchange, from and including the most recent Interest Payment Date to which interest has been 

paid or duly provided for, semi-annually in arrears on the Interest Payment Dates set forth above 

and on the Maturity Date stated above, commencing March 15, 2015 at the rate of 4.30% per 

annum until the principal hereof is paid or made available for payment. The interest so payable, 

and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such 

Indenture, be paid to the Person in whose name this 4.30% Senior Note due March 15, 2045 (this 

"Senior Note," and together with all other 4.30% Senior Notes due March 15, 2045, the "Senior 

Notes") (or one or more Predecessor Bonds) is registered at the close of business on the Regular 

Record Date for such interest, which shall be the 15th day preceding such Interest Payment Date; 

provided, however, that interest payable at the Maturity Date or on a Redemption Date will be 

paid to the Person to whom principal is payable. Any such interest not so punctually paid or 

duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date 

and may either be paid to the Person in whose name this Senior Note (or one or more 

Predecessor Bonds) is registered at the close of business on a Special Record Date for the 

payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to 

Holders of Senior Notes not less than 10 days prior to such Special Record Date, or be paid at 

any time in any other lawful manner not inconsistent with the requirements of the Indenture and 

any securities exchange, if any, on which the Senior Notes may be listed, and upon such notice 

as may be required by any such exchange, all as more fully provided in said Indenture. 

Payments of interest on this Senior Note will include interest accrued to but excluding the 

respective Interest Payment Dates. Interest payments for this Senior Note shall be computed and 

paid on the basis of the 360-day year of twelve 30-day months and will accrue from 

November 6, 2014 or from the most recent Interest Payment Date to which interest has been paid 

or duly provided for. In the event that any date on which interest is payable on this Senior Note 

(other than the Maturity Date) is not a Business Day then payment of the interest payable on 

such date will be made on the next succeeding day that is a Business Day (and without any 

interest or payment in respect of any such delay) with the same force and effect as if made on the 

date the payment was originally payable. If the Maturity Date falls on a day that is not a 

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Business Day, the payment of principal, premium, if any, and interest may be made on the next 

succeeding Business Day, and no interest on such payment shall accrue for the period from and 

after maturity. 

Payment of principal of, premium, if any, and interest on Senior Notes shall be made in 

such coin or currency of the United States of America as at the time of payment is legal tender 

for payment of public and private debts. Payments of principal of, premium, if any, and interest 

on the Senior Notes represented by a Global Bond shall be made by wire transfer of immediately 

available funds to the Holder of such Global Bond, provided that, in the case of payments of 

principal and premium, if any, such Global Bond is first surrendered to the Paying Agent. If any 

of the Senior Notes are no longer represented by a Global Bond, (i) payments of principal, 

premium, if any, and interest due on the Maturity Date or earlier redemption of such Senior 

Notes shall be made at the office of the Paying Agent upon surrender of such Senior Notes to the 

Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject 

to such surrender where applicable, (A) by check mailed to the address of the Person entitled 

thereto as such address shall appear in the Bond Register or (B) by wire transfer to registered 

Holders of at least $10,000,000 in principal amount of Senior Notes at such place and to such 

account at a banking institution in the United States as such Holders may designate in writing to 

the Trustee at least sixteen (16) days prior to the date for payment. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS 

SENIOR NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER 

PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET 

FORTH AT THIS PLACE. 

Unless the certificate of authentication hereon has been executed by the Trustee referred 

to on the reverse hereof by manual signature, this Senior Note shall not be entitled to any benefit 

under the Indenture or be valid or obligatory for any purpose. 

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IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: , 2014 

PACIFIC GAS AND ELECTRIC COMPANY 

By: 

Name: Kent M. Harvey 

Title: Senior Vice President, Financial 

Services 

By: 

Name: Nicholas M. Bijur 

Title: Vice President and Treasurer 

OHSUSA:759342913 4 A-4 

Exhibit A-24 Page 667

Case: 19-30088 Doc# 4903-25 Filed: 11/27/19 Entered: 11/27/19 17:31:51 Page

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TRUSTEE'S CERTIFICATE OF AUTHENTICATION 

This Senior Note is one of the Bonds of the series designated as Bonds of the FortySeventh Series referred to in the within-mentioned Indenture. 

Dated: , 2014 

THE BANK OF NEW YORK MELLON TRUST 

COMPANY, N.A., As Trustee 

By: 

Authorized Signatory 

OHSUSA:759342913.4 A-5 

Exhibit A-24 Page 668

Case: 19-30088 Doc# 4903-25 Filed: 11/27/19 Entered: 11/27/19 17:31:51 Page

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Reverse of Senior Note 

This 4.30% Senior Note due March 15, 2045 is one of a duly authorized issue of Bonds 

of the Company, issued and issuable in one or more series under an Amended and Restated 

Indenture, dated as of April 22, 2005 (the "Base Indenture"), as heretofore supplemented and as 

further supplemented by a Seventh Supplemental Indenture, dated as of June 11, 2009, a 

Twentieth Supplemental Indenture, dated as of November 12, 2013 and a Twenty-Fourth 

Supplemental Indenture, dated as of November 6, 2014 (as so supplemented, and together with 

all additional indentures supplemental thereto, and any constituent instruments establishing the 

terms of particular Bonds, being herein called the "Indenture"), between the Company and The 

Bank of New York Mellon Trust Company, N.A. (formerly The Bank of New York Trust 

Company, N.A.), as Trustee (herein called the "Trustee," which term includes any successor 

trustee under the Indenture), and reference is hereby made to the Indenture for a description of 

the respective rights, limitations of rights, duties and immunities of the Company, the Trustee 

and the Holders of Bonds thereunder and of the terms and conditions upon which Bonds are, and 

are to be, authenticated and delivered. This Senior Note is a Bond within the meaning of the 

Indenture and is one of the Bonds of the forty-seventh series designated as the 4.30% Senior 

Notes due March 15, 2045 established by the Company under the Indenture. The acceptance of 

this Senior Note shall be deemed to constitute the consent and agreement by the Holder hereof to 

all of the terms and provisions of the Indenture. 

Subject to the terms and conditions of the Indenture, the Senior Notes are redeemable at 

the option of the Company ("Optional Redemption"), in whole or in part, (a) at any time prior to 

September 15, 2044 (the date that is six months prior to the Maturity Date) at a Redemption 

Price equal to the greater of: 

(i) 100% of the principal amount of the Senior Notes to be redeemed; or 

(ii) as determined by the Quotation Agent, the sum of the present values of the 

Remaining Scheduled Payments of principal and interest on the Senior Notes to be 

redeemed (not including any portion of payments of interest accrued as of the 

Redemption Date), calculated as if the Maturity Date of such Senior Notes was 

September 15, 2044 (the date that is six months prior to the Maturity Date), discounted to 

the Redemption Date on a semi-annual basis at the Adjusted Treasury Rate, plus 20 basis 

points, 

plus, in either of the above cases, accrued and unpaid interest thereon to but not including the 

Redemption Date; and (b) at any time on or after September 15, 2044 (the date that is six months 

prior to the Maturity Date) at 100% of the principal amount of the Senior Notes to be redeemed, 

plus accrued and unpaid interest thereon to but not including the Redemption Date. 

Interest installments whose Stated Maturity is on or prior to such Redemption Date will 

be payable to Holders of such Senior Notes, or one or more Predecessor Bonds, of record at the 

close of business on the relevant Record Dates referred to on the face hereof, all as provided in 

the Indenture. 

OHS USA:759342913.4 A-6 

Exhibit A-24 Page 669

Case: 19-30088 Doc# 4903-25 Filed: 11/27/19 Entered: 11/27/19 17:31:51 Page

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In the case of an Optional Redemption, notice of redemption will be in writing and 

mailed first-class postage-prepaid not less than 10 days nor more than 60 days prior to the 

Redemption Date to each Holder of Senior Notes to be redeemed at the Holder's registered 

address; provided, however, that such notice need not state the dollar amount of the Redemption 

Price if such dollar amount has not been determined as of the date such notice is being given to 

the Holders of the Senior Notes being redeemed. If money sufficient to pay the Redemption 

Price of all Senior Notes (or portions thereof) to be redeemed on the Redemption Date is 

deposited with the Paying Agent or the Trustee on or prior to the Redemption Date, from and 

after such Redemption Date such Senior Notes or portions thereof shall cease to bear interest. 

Senior Notes in denominations larger than $1,000 in principal amount may be redeemed in part 

but only in integral multiples of $1,000. 

In the event of redemption of this Senior Note in part only, a new Senior Note or Senior 

Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder 

hereof upon the surrender hereof. 

As provided in the Indenture and subject to certain limitations therein set forth, this 

Senior Note or any portion of the principal amount hereof will be deemed to have been paid for 

all purposes of the Indenture and to be no longer Outstanding thereunder, and the Company's 

entire indebtedness in respect thereof will be satisfied and discharged, if there has been 

irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust, 

money in an amount which will be sufficient and/or Eligible Obligations, the principal of and 

interest on which when due, without regard to any reinvestment thereof, will provide moneys 

which, together with money, if any, deposited with or held by the Trustee or such Paying Agent, 

will be sufficient to pay when due the principal of and premium, if any, and interest on this 

Senior Note when due. 

If an Event of Default shall occur and be continuing, the Trustee or the Holders of not 

less than 33% in aggregate principal amount of the Outstanding Bonds, considered as one class, 

may declare the principal amount of all Bonds then Outstanding to be due and payable 

immediately by notice in writing to the Company (and to the Trustee if given by Holders); 

provided, however, that with respect to certain Events of Default relating to bankruptcy, 

insolvency and similar events, the principal amount of all Bonds then Outstanding shall be due 

and payable immediately without further action by the Trustee or the Holders. 

The Indenture permits, with certain exceptions as therein provided, the Company and the 

Trustee to enter into one or more supplemental indentures for the purpose of adding any 

provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture 

with the consent of the Holders of not less than a majority in aggregate principal amount of the 

Bonds at the time Outstanding, considered as one class; provided, however, that if there shall be 

Bonds of more than one series Outstanding under the Indenture and if a proposed supplemental 

indenture shall directly affect the rights of the Holders of Bonds of one or more, but less than all, 

of such series, then the consent only of the Holders of a majority in aggregate principal amount 

of the Outstanding Bonds of all series so directly affected, considered as one class, shall be 

required; and provided, further, that if the Bonds of any series shall have been issued in more 

than one Tranche and if a proposed supplemental indenture shall directly affect the rights of the 

Holders of Bonds of one or more, but less than all, of such Tranches, then the consent only of the 

OHSUSA:759342913.4 A-7 

Exhibit A-24 Page 670

Case: 19-30088 Doc# 4903-25 Filed: 11/27/19 Entered: 11/27/19 17:31:51 Page

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Holders of a majority in aggregate principal amount of the Outstanding Bonds of all Tranches so 

directly affected, considered as one class, shall be required; and provided, further, that the 

Indenture peimits the Company and the Trustee to enter into one or more supplemental 

indentures for certain purposes without the consent of any Holders of Bonds. The Indenture also 

contains provisions permitting the Holders of a majority in aggregate principal amount of Bonds, 

on behalf of the Holders of all such Bonds, to waive certain past defaults under the Indenture and 

their consequences. Any such consent or waiver by the Holder of this Senior Note shall be 

conclusive and binding upon such Holder and upon all future Holders of this Senior Note and of 

any Senior Note issued upon the registration of transfer hereof or in exchange herefor or in lieu 

hereof, whether or not notation of such consent or waiver is made upon this Senior Note. 

As provided in and subject to the provisions of the Indenture, the Holder of this Senior 

Note shall not have the right to institute any proceeding with respect to the Indenture or for the 

appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall 

have previously given the Trustee written notice of a continuing Event of Default, the Holders of 

at least 33% in aggregate principal amount of the Bonds at the time Outstanding shall have made 

written request to the Trustee to institute proceedings in respect of such Event of Default as 

Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received 

from the Holders of at least a majority in aggregate principal amount of Bonds at the time 

Outstanding a direction inconsistent with such written request, and shall have failed to institute 

any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The 

foregoing shall not apply to any suit instituted by the Holder of this Senior Note for the 

enforcement of any payment of principal hereof or any premium or interest hereon on or after the 

respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Senior Note or of the 

Indenture shall alter or impair the obligation of the Company, which is absolute and 

unconditional, to pay the principal of and any premium and interest on this Senior Note at the 

times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the 

transfer of this Senior Note is registrable in the Bond Register, upon surrender of this Senior 

Note for registration of transfer at the office or agency of the Company in any place where the 

principal of and any premium and interest on this Senior Note are payable, duly endorsed by, or 

accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee 

or the Bond Registrar, as the case may be, duly executed by the Holder hereof or such Holder's 

attorney duly authorized in writing, and thereupon one or more new Senior Notes of like tenor, 

of authorized denominations and for the same aggregate principal amount, will be issued to the 

designated transferee or transferees. 

The Senior Notes are issuable only in registered form without coupons in denominations 

of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain 

limitations therein set forth, Senior Notes are exchangeable for a like aggregate principal amount 

of Senior Notes and of like tenor of a different authorized denomination, as requested by the 

Holder surrendering the same. 

OHSUSA:759342913.4 A-8 

Exhibit A-24 Page 671

Case: 19-30088 Doc# 4903-25 Filed: 11/27/19 Entered: 11/27/19 17:31:51 Page

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No service charge shall be made for any such registration of transfer or exchange, but the 

Company may require payment of a sum sufficient to cover any tax or other governmental 

charge payable in connection therewith. 

The Company shall not be required to execute or to provide for the registration of the 

transfer of or the exchange of (A) any Senior Note of this series during a period of 15 days 

immediately preceding the date notice is to be given identifying the serial numbers of the Senior 

Notes called for redemption, or (B) any Senior Note selected for redemption in whole or in part, 

except the unredeemed portion of any Senior Note being redeemed in part. 

Prior to due presentment of this Senior Note for registration of transfer, the Company, the 

Trustee and any agent of the Company or the Trustee may treat the Person in whose name this 

Senior Note is registered as the owner hereof for all purposes, whether or not this Senior Note is 

overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to 

the contrary. 

This Senior Note shall be governed by, and construed and enforced in accordance with, 

the laws of the State of California without regard to the principles of conflicts of laws 

thereunder, except to the extent that the Trust Indenture Act shall be applicable. 

As provided in the Indenture, no recourse shall be had for the payment of the principal of, 

premium, if any, or interest with respect to this Senior Note, or any part thereof, or for any claim 

based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon 

any obligation, covenant or agreement under the Indenture, against any incorporator, 

shareholder, officer or director, as such, past, present or future, of the Company or of any 

predecessor or successor corporation (either directly or through the Company or a predecessor or 

successor corporation), whether by virtue of any constitutional provision, statute or rule of law or 

by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and 

understood that the Indenture and all the Bonds are solely corporate obligations and that any 

such personal liability is hereby expressly waived and released as a condition of, and as part of 

the consideration for, the execution of the Indenture and the issuance of this Senior Note. 

All terms used in this Senior Note which are not defined herein shall have the meanings 

assigned to them in the Indenture. 

OHSUSA:759342913.4 A-9 

Exhibit A-24 Page 672

Case: 19-30088 Doc# 4903-25 Filed: 11/27/19 Entered: 11/27/19 17:31:51 Page

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ASSIGNMENT FORM 

To assign this Senior Note, fill in the form below: (I) or (we) assign and transfer this Senior Note to 

(Insert assignee's soc. sec. or tax I.D. no.) 

(Print or type assignee's name, address and zip code) 

and irrevocably appoint 

to transfer this Senior Note on the books of the Company. The agent may substitute another to act for 

him. 

Date: 

Your signature: 

(Sign exactly as your name appears on the face of this Senior 

Note) 

Tax Identification No.: 

SIGNATURE GUARANTEE: 

Signatures must be guaranteed by an "eligible guarantor 

institution" meeting the requirements of the Bond Registrar, 

which requirements include membership or participation in the 

Securities Transfer Agent Medallion Program ("STAMP") or 

such other "signature guarantee program" as may be determined 

by the Bond Registrar in addition to, or in substitution for, 

STAMP, all in accordance with the Securities Exchange Act of 

1934, as amended. 

OHSUSA:759342913.4 A-10 

Exhibit A-24 Page 673

Case: 19-30088 Doc# 4903-25 Filed: 11/27/19 Entered: 11/27/19 17:31:51 Page

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