Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 242

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 242
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 Transportation, and Storage CommitmentsThe Utility purchases natural gas directly from producers and marketers in both Canada and the United States to serve its core customers, and to fuel its owned-generation facilities along with a facility associated with a third party tolling agreement.  The Utility also contracts for natural gas transportation from the points at which the Utility takes delivery (typically in Canada, the United States Rocky Mountain supply area, and the southwestern United States) to the points at which the Utility’s natural gas transportation system begins.  These agreements expire at various dates between 2025 and 2042.  In addition, the Utility has contracted for natural gas storage services in Northern California to more reliably meet customers’ loads.Costs incurred for natural gas purchases, natural gas transportation services, and natural gas storage, which include contracts with terms of less than 1 year, were $0.8 billion in 2024, $2.5 billion in 2023, and $2.4 billion in 2022.Nuclear Fuel AgreementsThe Utility has entered into several purchase agreements for nuclear fuel.  These agreements expire at various dates between 2025 and 2030 and are intended to ensure long-term nuclear fuel supply.  The Utility relies on a number of international producers of nuclear fuel in order to diversify its sources and provide security of supply.  Pricing terms are also diversified, ranging from market-based prices to base prices that are escalated using published indices.Payments for nuclear fuel were $294 million in 2024, $180 million in 2023, and $44 million in 2022.

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Other CommitmentsPG&E Corporation and the Utility have other commitments primarily related to office facilities and land leases, which expire at various dates between 2025 and 2058, as well as other multi-year agreements.  At December 31, 2024, the future minimum payments related to these commitments were as follows:(in millions)Other Commitments2025$84 202644 202747 202837 202934 Thereafter333 Total minimum payments$579 Payments for other commitments were $105 million in 2024, $106 million in 2023, and $63 million in 2022.  Certain office facility leases contain escalation clauses requiring annual increases in rent.  The rents may increase by a fixed amount each year, a percentage of the base rent, or the consumer price index.  There are options to extend these leases for one to five years.In addition to the commitments in the table