SEC Contract Filing

Filing Date: 2025-06-24

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d821249dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><I>Execution Version</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AMENDMENT NO. 5 TO CREDIT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This AMENDMENT NO. 5 TO CREDIT AGREEMENT, dated as of June&nbsp;23, 2025 (this &#147;<U>Amendment</U>&#148;), is entered into by and among
PACIFIC GAS AND ELECTRIC COMPANY, a California corporation (the &#147;<U>Borrower</U>&#148;), each Lender and Issuing Lender party hereto, and CITIBANK, N.A. (&#147;<U>CBNA</U>&#148;), as administrative agent (in such capacity and including any
successors in such capacity, the &#147;<U>Administrative Agent</U>&#148;) and CBNA, as designated agent (in such capacity and including any successors in such capacity, the &#147;<U>Designated Agent</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, reference is hereby made to the Credit Agreement, dated as of July&nbsp;1, 2020, among the Borrower, the lenders party thereto
from time to time, the Administrative Agent, the Designated Agent and the other parties thereto (as amended by Amendment No.&nbsp;1 to Credit Agreement dated as of June&nbsp;22, 2021, Amendment No.&nbsp;2 to Credit Agreement dated as of
October&nbsp;4, 2022, Amendment No.&nbsp;3 to Credit Agreement dated as of June&nbsp;22, 2023 and Amendment No.&nbsp;4 to Credit Agreement dated as of July&nbsp;25, 2024, the &#147;<U>Credit Agreement</U>&#148;, capitalized terms used (including in
the preamble and recitals hereto) but not defined herein shall have the meanings assigned to such terms in the Credit Agreement (as amended hereby)); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, each Lender holding Commitments immediately prior to the Amendment No.&nbsp;5 Effective Date (other than the Exiting Lender
(as defined below)) that executes and delivers an executed counterpart to this Amendment agrees to the terms of this Amendment upon the effectiveness of this Amendment on the Amendment No.&nbsp;5 Effective Date (such lenders, the &#147;<U>Existing
Lenders</U>&#148;), whereby the Borrower shall have exercised one of its extension options under the Credit Agreement (as in effect prior to the Amendment No.&nbsp;5 Effective Date) to extend the maturity date of the Loans held by such Existing
Lenders from (x)&nbsp;June&nbsp;22, 2028 or (y)&nbsp;June&nbsp;22, 2029, as applicable, to June&nbsp;21, 2030; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, JPMorgan
Chase Bank, N.A. (or an Affiliate thereof) is acting as a joint lead arranger and bookrunner (in such capacity, the &#147;<U>Left Lead Arranger</U>&#148;) in respect of this Amendment and CBNA, Barclays Bank PLC, BofA Securities, Inc., Mizuho Bank,
Ltd. and Wells Fargo Securities, LLC are acting as joint lead arrangers and bookrunners (in such capacities, together with the Left Lead Arranger, the &#147;<U>Lead Arrangers</U>&#148;) in respect of this Amendment; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, this Amendment is an amendment made with the consent of the Existing Lenders, each other Lender party hereto with a Commitment
set forth on <U>Schedule I</U> (together with the Existing Lenders, the &#147;<U>Consenting Lenders</U>&#148;), each Issuing Lender, the Exiting Lender, the Borrower and the Designated Agent pursuant to Section&nbsp;10.1 of the Credit Agreement.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of
which is hereby acknowledged), the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>A. <U>Commitment Increase</U></B>. The requirements of
Section&nbsp;2.3 of the Credit Agreement are hereby waived to the extent that such Section requires prior notice to effect an increase in the Commitment of any Lender.&nbsp;After giving effect to this Amendment, each of the Consenting Lenders agrees
that its respective Commitment shall be as set forth on <U>Schedule&nbsp;I</U> attached to this Amendment.&nbsp;The execution of this Amendment is evidence of the consent of the Borrower, the Consenting Lenders, each Issuing Lender, the Exiting
Lender and the Designated Agent of the Commitments as set forth on <U>Schedule I</U> attached to this Amendment. Each (i)&nbsp;Existing Lender whose Commitment set forth on <U>Schedule I</U> attached to this Amendment is in excess of such Existing
Lender&#146;s &#147;Commitment&#148; under the Credit Agreement immediately prior to the Amendment No.&nbsp;5 Effective Date and (ii)&nbsp;Consenting Lender that is not a &#147;Lender&#148; under the Credit Agreement immediately prior to the
Amendment No.&nbsp;5 Effective Date shall, in each case, be deemed to have executed a commitment increase supplement or a New Lender Supplement, as applicable. </P>
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