Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 10

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 10
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 wildfire protection. Our layers of wildfire protection have significantly reduced wildfire risk on our equipment and help keep our customers and hometowns safe.

The PSPS program proactively de-energizes power lines in response to forecasted weather conditions. In 2024, we had six PSPS events impacting a total of 50,526 customers.

| (1)Based on an evaluation of the effectiveness of EPSS under conditions of elevated likelihood of destructive fire outcomes (R3 Fire Potential Index rating).                                                                                                                                                                                                                                                                                                                                                                            
 (2)The HFRA informs the geographic scope of PSPS events by identifying areas in PG&E service territory where existing or future overhead electrical infrastructure could be the source of an ignition that, during a hazardous offshore wind event, results in a catastrophic fire. HFTD Tier 2 consists of areas on the CPUC’s Fire-Threat Map where there is an elevated risk for destructive utility-associated wildfires. HFTD Tier 3 consists of areas where there is an extreme risk for destructive utility-associated wildfires. |

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 12

| Climate resilience                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| The impacts of climate change on our infrastructure are already a reality. Peak electric loads are expected to increase with rising temperatures due to direct impacts of ambient temperatures on equipment and direct impacts on electricity demand driven by rising air conditioning installation and usage.                                                                                                                                                                                                                                                             
 Climate change will continue to intensify the potential for wildfires throughout California. Additionally, our assets on the coast and in or near watersheds face potential increased exposures to coastal, riverine, and precipitation-related flooding because of climate-driven changes in precipitation and sea-level rise.                                                                                                                                                                                                                                            
 In 2024, we completed our first system-wide Climate Adaptation Vulnerability Assessment which identifies potential climate change vulnerabilities of our assets and operations to projected future environmental conditions. The assessment supports PG&E in prioritizing adaptive actions needed to build a climate-resilient energy system Community needs and preferences, especially for our most socially vulnerable customers, were identified in the assessment and will be considered as we make decisions about how to adapt the energy system to climate change. |

| Financial performance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| PG&E’s physical layers of protection—including wildfire mitigation programs (e.g., system hardening and undergrounding), EPSS, PSPS, and situational awareness—are combining to make our system safer and more resilient in the face of evolving climate challenges. Additionally, management is focused squarely on earning the trust of our customers and owners by delivering