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Attachment 1
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report:
July
8, 2008
(Date of
earliest event reported)
PG&E
CORPORATION
(Exact
Name of Registrant as specified in Charter)
|
California
|
1-12609
|
94-3234914
|
||
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
One Market, Spear
Tower, Suite 2400, San Francisco, CA
|
94105
|
|
|
(Address
of principal executive offices)
|
(Zip
code)
|
415-267-7000
(Registrant’s
Telephone Number, Including Area Code)
N/A
(Former
Name or Former Address, if Changed Since Last Report)
PACIFIC
GAS AND ELECTRIC COMPANY
(Exact
Name of Registrant as specified in Charter)
|
California
|
1-2348
|
94-0742640
|
||
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
77 Beale Street, P. O.
Box 770000, San Francisco, California
|
94177
|
|
|
(Address
of principal executive offices)
|
(Zip
code)
|
(415)
973-7000
(Registrant’s
Telephone Number, Including Area Code)
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
£
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
£
|
Soliciting
Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
£
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)
|
|
£
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
5.02. Departure of Directors or Certain Officers, Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On July
8, 2008, William T. Morrow, President and Chief Executive Officer, and a member
of the Board of Directors of Pacific Gas and Electric Company (Utility), a
subsidiary of PG&E Corporation, informed PG&E Corporation and the
Utility that he is resigning from his positions at the Utility effective August
31, 2008, to pursue opportunities to re-enter the international technology and
telecom industry. A copy of the related press release is attached to
this report as exhibit 99.
Mr.
Morrow initially informed PG&E Corporation and the Utility that he was
considering leaving the Utility in February 2009. Given the Utility’s
desire to remain focused on its business priorities, Mr. Morrow and the Utility
agreed that his resignation would be effective August 31, 2008. The
Utility will continue to pay him amounts equal to his base salary until January
31, 2009 and he will be entitled to participate in the PG&E Corporation 2008
Short-Term Incentive Plan at his target participation rate. The restricted stock
and performance shares granted to him under PG&E Corporation’s Long-Term
Incentive Plan will continue to vest as if he had remained employed through
January 31, 2009. Any shares of restricted stock and performance
shares that would not become vested in the ordinary course as of January 31,
2009 will be forfeited.
Item
9.01 Financial Statements and Exhibits
Exhibits
The
following exhibit is being furnished, and is not deemed to be
filed:
|
Exhibit
99
|
Press
release dated July 8, 2008
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrants have
duly caused this report to be signed on their behalf by the undersigned hereunto
duly authorized.
|
PG&E
CORPORATION
|
|||
|
Dated:
July 8, 2008
|
By:
|
LINDA
Y.H. CHENG
|
|
|
LINDA
Y.H. CHENG
Vice
President, Corporate Governance and Corporate
Secretary
|
|||
|
PACIFIC
GAS AND ELECTRIC COMPANY
|
|||
|
Dated:
July 8, 2008
|
By:
|
LINDA
Y.H. CHENG
|
|
|
LINDA
Y.H. CHENG
Vice
President, Corporate Governance and Corporate
Secretary
|
|||
EXHIBIT
INDEX
|
No.
|
|
Description
of Exhibit
|
|
Press
release dated July 8, 2008
|