Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 111

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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 the extent of contamination or necessary remediation is greater than anticipated.  The costs associated with environmental remediation at the Hinkley site will not be recovered through rates.Former Manufactured Gas PlantsFormer MGPs used coal and oil to produce gas for use by the Utility’s customers before natural gas became available.  The by-products and residues of this process were often disposed of at the MGPs themselves.  The Utility has a program to manage the residues left behind as a result of the manufacturing process; many of the sites in the program have been addressed.  It is reasonably possible that the Utility’s undiscounted future costs associated with MGP sites may increase by as much as $576 million if the extent of contamination or necessary remediation at identified MGP sites is greater than anticipated.  The costs associated with environmental remediation at the MGP sites are recovered through the HSMA, where 90% of the costs are recovered through rates.Utility-Owned Generation Facilities and Third-Party Disposal SitesUtility-owned generation facilities and third-party disposal sites often involve long-term remediation.  It is reasonably possible that the Utility’s undiscounted future costs associated with Utility-owned generation facilities and third-party disposal sites may increase by as much as $76 million if the extent of contamination or necessary remediation is greater than anticipated.  The environmental remediation costs associated with the Utility-owned generation facilities and third-party disposal sites are recovered through the HSMA, where 90% of the costs are recovered through rates.Fossil Fuel-Fired Generation SitesIn 1998, the Utility divested its generation power plant business as part of generation deregulation.  Although the Utility sold its fossil-fueled power plants, the Utility retained the environmental remediation liability associated with each site.  It is reasonably possible that the Utility’s undiscounted future costs associated with fossil fuel-fired generation sites may increase by as much as $15 million if the extent of contamination or necessary remediation is greater than anticipated.  The environmental remediation costs associated with the fossil fuel-fired sites will not be recovered through rates.

Nuclear InsuranceThe Utility maintains multiple insurance policies through NEIL and EMANI, covering nuclear or non-nuclear events at the Utility’s two nuclear generating units at DCPP and the Humboldt Bay independent spent fuel storage installation.

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NEIL provides insurance coverage for property damages and business interruption losses incurred by the Utility if a nuclear or non-nuclear event were to occur at the Utility’s two nuclear generating units at DCPP.  NEIL provides property