Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 89

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 debt securities:(in millions)AmortizedCostTotalUnrealizedGainsTotalUnrealizedLossesTotal FairValueAs of September 30, 2025    Nuclear decommissioning trusts    Short-term investments$34 $— $— $34 Global equity securities382 2,142 (6)2,518 Fixed-income securities2,495 52 (49)2,498 Total (1)$2,911 $2,194 $(55)$5,050 As of December 31, 2024    Nuclear decommissioning trusts    Short-term investments$54 $— $(1)$53 Global equity securities353 1,907 (10)2,250 Fixed-income securities2,341 20 (84)2,277 Total (1)$2,748 $1,927 $(95)$4,580 (1) Represents amounts before deducting $860 million and $747 million as of September 30, 2025 and December 31, 2024, respectively, primarily related to deferred taxes on appreciation of investment value.

The fair value of fixed-income securities by contractual maturity is as follows: As of(in millions)September 30, 2025Less than 1 year$124 1–5 years726 5–10 years594 More than 10 years1,054 Total maturities of 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