Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 116

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1
Chunk 116
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 methodology presented in the first column of the table above.  Procurement from renewable energy sources was estimated to comprise 23% of total annual retail sales in 2024.  Per the Power Content Label methodology based on current CEC guidelines presented in the table above, an estimated 23% of the Utility’s energy deliveries were from renewable energy sources in 2024. 

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The estimated total renewable deliveries for the year ended December 31, 2024, shown above was 5,920 GWh and comprised of the following:

TypePercent of Customer Retail Sales (estimated procurement)(1) Biopower3 %Geothermal— %RPS-Eligible Small Hydroelectric2 %Solar15 %Wind3 %Total23 %

(1) Estimated renewable procurement percentages above and renewable compliance percentages are expected to be consistent; however, final RPS compliance reporting is subject to a different methodology and may result in differences between the two percentages.

Energy Storage

Energy storage improves system reliability and supports California’s decarbonization goals by integrating increased levels of renewable energy.  The CPUC has established a multi-year energy storage procurement framework, under which the Utility met its requirements to make 580 MW of qualifying storage capacity operational by 2024. 

As of December 31, 2024, the Utility owned 183 MW and has contracted for another 2,435 MW of operational energy storage capacity.  The Utility has also procured 2,168 MW of battery energy storage to be deployed over the next several years and is working to procure additional battery energy storage to meet its remaining reliability requirements.  Separately, the Utility is soliciting long-duration storage, which is storage with at least eight hours of discharge capacity, to have these resources online between 2028 and 2031.  In order to address both its bundled portfolio need and to help to meet state planning and policy objectives to increase long-duration storage capacity, the Utility is pursuing regulatory approval to increase the nameplate generating capacity of its Helms Pumped Storage Facility.

Owned Generation Facilities 

At December 31, 2024, the Utility owned the following generation facilities, all located in California, listed by energy source and further described below:

Generation TypeCounty LocationNumber of UnitsNet Operating Capacity (MW)Nuclear (1):   Diablo CanyonSan Luis Obispo2 2,240 Hydroelectric (2):   Conventional16 counties in northern and central California91 2,628