Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 191

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 191
---
(11)(19)(17)(30)

68

Customer Credit TrustThe following table provides a summary of equity securities and available-for-sale debt securities:(in millions)AmortizedCostTotalUnrealizedGainsTotalUnrealizedLossesTotal FairValueAs of June 30, 2025Customer credit trustShort-term investments$16 $— $— $16 Global equity securities397 80 (4)473 Fixed-income securities444 4 (2)446 Total $857 $84 $(6)$935 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)June 30, 2025Less than 1 year$— 1–5 years116 5–10 years63 More than 10 years267 Total maturities of fixed-income securities$446 

The following table provides a summary of activity for the fixed-income and equity securities:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Proceeds from sales and maturities of customer credit trust investments$97 $93 $196 $174 Gross realized gains on securities2 — 58Gross realized losses on securities (8)(1)(11)(2)

69

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 be reasonably estimated.  PG&E Corporation and the Utility evaluate which potential liabilities are probable and the related range of reasonably estimated losses and record a charge that reflects their best estimate or the lower end of the range, if there is no better estimate.Assessing whether a loss is probable or reasonably possible, whether the loss or a range of losses is estimable, and the amount of the best estimate or lower end of the range often requires management to exercise significant judgment about future events.