Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 153

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1A
Chunk 153
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Expected return on plan assets(263)(253)(37)(35)Amortization of prior service (credit)(1)(1)1 1 Amortization of net actuarial gain— — (6)(6)Net periodic benefit cost94 74 (15)(12)Regulatory account transfer (2)(10)10 — — Total$84 $84 $(15)$(12)(1) A portion of service costs is capitalized pursuant to GAAP.(2) The Utility recorded these amounts to a regulatory account since they are probable of recovery or refund through rates in future periods.Non-service costs are reflected in Other income, net on the Condensed Consolidated Statements of Income.  Service costs are reflected in Operating and maintenance on the Condensed Consolidated Statements of Income.There was no material difference between PG&E Corporation and the Utility for the information disclosed above.

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)The changes, net of income tax, in PG&E Corporation’s Accumulated other comprehensive income (loss) for the three months ended March 31, 2025 consisted of the following:PensionBenefitsOtherBenefitsAvailable-for-Sale Securities(2)Total(in millions, net of income tax)Three Months Ended March 31, 2025Beginning balance$(35)$18 $3 $(14)Other comprehensive income before reclassificationGain on investments (net of taxes of $0, $0 and $2, respectively)— — 7 7 Amounts reclassified from other comprehensive income: (1)Amortization of net actuarial gain (net of taxes of $0, $1, and $0, respectively)— (4)— (4)Regulatory account transfer (net of taxes of $0, $1, and $0, respectively)— 4 — 4 Net current period other comprehensive gain— — 7 7 Ending balance$(35)$18 $10 $(7)(1) These components are included in the computation of net periodic pension and other post-retirement benefit costs.  See the “Pension and Other Post-Retirement Benefits” table above for additional details.(2) Includes amounts related to the customer credit trust and Pacific Energy Risk Solutions, LLC.

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The changes, net of income tax, in PG&E Corporation’s Accumulated other comprehensive income (loss) for the three months ended March 31, 2024 consisted of