Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 100

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 on National Forest System lands and that the USFS is conducting a criminal investigation into the 2022 Mosquito fire.  On September 24, 2022, the USFS removed and took possession of one of the Utility’s transmission poles and attached equipment.  The USFS has not issued a determination as to the cause.The cause of the 2022 Mosquito fire remains under investigation by the USFS, the United States Department of Justice, and the CPUC.  PG&E Corporation and the Utility are cooperating with the investigations.  It is uncertain when any such investigations will be complete.  PG&E Corporation and the Utility are also conducting their own investigation into the cause of the 2022 Mosquito fire.  This investigation is ongoing.As of October 15, 2025, PG&E Corporation and the Utility are aware of approximately 30 complaints on behalf of at least 2,956 individual plaintiffs related to the 2022 Mosquito fire and expect that they may receive further complaints.  Placer County Water Agency (“PCWA”), Middle Fork Project Finance Authority, and a group of six public entities have each filed complaints.  The plaintiffs seek damages that include property damage, economic loss, punitive damages, exemplary damages, attorneys’ fees, and other damages.  On April 24, 2024, PG&E Corporation and the Utility filed cross-complaints against PCWA, alleging that conduct by PCWA was a substantial cause of the 2022 Mosquito fire.  The cross-complaints seek property damages, indemnification, attorneys’ fees, and other damages.  The court has set individual claimant bellwether trial dates for April 13, 2026.On May 28, 2025, the Utility executed an amendment to a tolling agreement with Cal OES, extending the agency’s time to file a complaint.  That tolling agreement remains in effect.On August 21, 2025, Cal Fire filed a complaint against the Utility for fire suppression and investigation costs.Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2022 Mosquito fire.  PG&E Corporation and the Utility recorded a liability in the aggregate amount of $100 million as of December 31,