Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 197

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 197
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Global equity securities186 — — — 186 Fixed-income securities46 144 — — 190 Total customer credit trust233 144 — — 377 Price risk management instruments (Note 10)     Electricity— 26 383 (6)403 Gas— 10 — (10)— Total price risk management instruments— 36 383 (16)403 Rabbi trusts     Short-term investments107 — — — 107 Global equity securities6 — — — 6 Life insurance contracts— 66 — — 66 Total rabbi trusts113 66 — — 179 Long-term disability trust     Short-term investments4 — — — 4 Assets measured at NAV— — — — 130 Total long-term disability trust4 — — — 134 TOTAL ASSETS$5,612 $1,273 $383 $(16)$7,404 Liabilities:     Price risk management instruments (Note 10)     Electricity$— $37 $248 $(6)$279 Gas— 34 — (10)24 TOTAL LIABILITIES$— $71 $248 $(16)$303 (1) Includes the effect of the contractual ability to settle contracts under master netting agreements and cash collateral.(2) Represents amount before deducting $747 million primarily related to deferred taxes on appreciation of investment value.

135

 Fair Value Measurements December 31, 2023(in millions)Level 1Level 2Level 3Netting (1)TotalAssets:     Short-term investments$203 $— $— $— $203 Nuclear decommissioning trustsShort-term investments52 — — — 52 Global equity securities2,144 — — — 2,144 Fixed-income securities1,168 909 — — 2,077 Assets measured at NAV— — — — 18 Total nuclear decommissioning trusts (2)3,364 909 — — 4,291 Customer credit trust Short-term investments49 — — — 49 Global equity securities71 — — — 71 Fixed-income securities29 84 — — 113