Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 99

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 Payments(493)Balance at September 30, 2025$274 

77

As of September 30, 2025, the Utility recorded an insurance receivable of $523 million for probable insurance recoveries in connection with the 2021 Dixie fire.The Utility recorded an aggregate Wildfire Fund receivable of $1.125 billion for probable recoveries in connection with the 2021 Dixie fire, of which it had received $609 million as of September 30, 2025.  AB 1054 provides that the CPUC may allocate costs and expenses in the application for cost recovery in full or in part taking into account factors both within and beyond the utility’s control that may have exacerbated the costs and expenses, including humidity, temperature, and winds.  PG&E Corporation and the Utility believe that, even if it found that the Utility acted unreasonably, the CPUC would nevertheless authorize recovery in part.  See “Wildfire Fund Recoveries under AB 1054 and SB 254” below.  As of September 30, 2025, the Utility also recorded a $96 million reduction to its regulatory liability for wildfire-related claims costs that were determined to be probable of recovery through the FERC TO formula rate and a $530 million regulatory asset for costs that were determined to be probable of recovery through the WEMA.  See “Regulatory Recovery” below.  Decreases in the amount of the insurance receivable for the 2021 Dixie fire may also increase the amount that is probable of recovery through the FERC TO formula rate and the WEMA.

2022 Mosquito FireOn September 6, 2022, at approximately 6:17 p.m. Pacific Time, the Utility was notified that a wildfire had ignited near Oxbow Reservoir in Placer County, California (the “2022 Mosquito fire”), located in the service area of the Utility.  The National Wildfire Coordinating Group’s InciWeb incident overview dated November 4, 2022 at 6:30 p.m. Pacific Time indicated that the 2022 Mosquito fire had consumed approximately 76,788 acres at that time.  It also indicated no fatalities, no injuries, 78 structures destroyed, and 13 structures damaged (including 44 residential homes and 40 detached structures) and that the fire was 100% contained.The USFS has indicated to the Utility an initial assessment that the fire started in the area of the Utility’s power line