Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 72

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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2,205 Fixed-income securities2,354 41 (62)2,333 Total (1)$2,774 $1,894 $(70)$4,598 As of December 31, 2024    Nuclear decommissioning trusts    Short-term investments$54 $— $(1)$53 Global equity securities353 1,907 (10)2,250 Fixed-income securities2,341 20 (84)2,277 Total (1)$2,748 $1,927 $(95)$4,580 (1) Represents amounts before deducting $744 million and $747 million as of March 31, 2025 and December 31, 2024, respectively, primarily related to deferred taxes on appreciation of investment value.

The fair value of fixed-income securities by contractual maturity is as follows: As of(in millions)March 31, 2025Less than 1 year$11 1–5 years777 5–10 years534 More than 10 years1,011 Total maturities of fixed-income securities$2,333 

The following table provides a summary of activity for the fixed-income and equity securities:Three Months Ended March 31,(in millions)20252024Proceeds from sales and maturities of nuclear decommissioning trust investments$278 $457 Gross realized gains on securities2 41 Gross realized losses on securities(6)(11)

63

Customer Credit TrustThe following table provides a summary of equity securities and available-for-sale debt securities:(in millions)AmortizedCostTotalUnrealizedGainsTotalUnrealizedLossesTotal FairValueAs of March 31, 2025Customer credit trustShort-term investments$16 $— $— $16 Global equity securities442 25 (2)465 Fixed-income securities469 1 (2)468 Total $927 $26 $(4)$949 As of December 31, 2024    Customer credit trust    Short-term investments$1 $— $— $1 Global equity securities161 28 (3)186 Fixed-income securities193 1 (4)190 Total $355 $29 $(7)$377 

The fair value of fixed-income securities by contractual maturity is as follows: As of(in millions)March