PG&E Recovery Funding LLC, founded in San Francisco, California, is a financing entity that plays a pivotal role in supporting Pacific Gas and Electric Company's recovery efforts following significant financial and operational challenges. The company primarily focuses on issuing debt instruments to raise funds for various recovery and improvement initiatives.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, PG&E Recovery Funding LLC has engaged in several notable bond issuances, including its first bond offering in 2020 aimed at refinancing existing debts. In 2021, they issued a series of recovery bonds totaling $2.5 billion to help finance wildfire safety projects, reflecting a current yield of approximately 3.5%, competitive within the utility sector. Additionally, these bonds feature unique legal structures designed to attract a broader range of investors amid regulatory changes, garnering positive media coverage for their potential impact on enhancing infrastructure resilience and environmental safety.