Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 204

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 204
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 fixed-income securities$2,498 

The following table provides a summary of activity for the fixed-income and equity securities:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(in millions)2025202420252024Proceeds from sales and maturities of nuclear decommissioning trust investments$586 $366 $1,365 $1,410 Gross realized gains on securities124 40 130151 Gross realized losses on securities(4)(11)(21)(41)

72

Customer Credit TrustThe following table provides a summary of equity securities and available-for-sale debt securities:(in millions)AmortizedCostTotalUnrealizedGainsTotalUnrealizedLossesTotal FairValueAs of September 30, 2025Customer credit trustShort-term investments$8 $— $— $8 Global equity securities344 109 (3)450 Fixed-income securities440 5 (1)444 Total $792 $114 $(4)$902 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)September 30, 2025Less than 1 year$1 1–5 years132 5–10 years49 More than 10 years262 Total maturities of fixed-income securities$444 

The following table provides a summary of activity for the fixed-income and equity securities:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(in millions)2025202420252024Proceeds from sales and maturities of customer credit trust investments$114 $117 $310 $291 Gross realized gains on securities7 — 128Gross realized losses on securities (3)— (14)(2)

NOTE 10: WILDFIRE-RELATED CONTINGENCIES

Liability OverviewPG&E Corporation and the Utility have significant contingencies arising from their operations, including contingencies related to wildfires.  PG&E Corporation and the Utility record a provision for a loss contingency when they determine that it is both probable that a liability has been incurred and the amount of the liability can