Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 41

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 41
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PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 48

#### Performance Highlights
PG&E’s performance playbook is delivering differentiated cost and operational performance, allowing us to do more work for our customers, make the system safer faster, and provide investors with consistent, predictable results.

PG&E’s progress continued in 2024, including a second consecutive year of zero major wildfires and burying over 250 miles of powerlines.

| Breakthrough year for progress on wildfire risk mitigation,with a second consecutive year of zero major fires. Additionally, for long-term wildfire risk reduction, we completed 366 miles of system hardening including 258 miles of underground powerlines and 108 miles of stronger poles and overhead powerlines in the highest fire-risk areas during 2024. |
| Delivered strong financial performance.In 2024 the quarterly dividend payment was increased. PG&E Corporation also delivered GAAP EPS of $1.05, representing 10% growth over 2023 and non-GAAP core EPS of $1.36, representing 10.6% growth over 2023.                                                                                                           |
| Signed a $15 billion loan guarantee agreement with the U.S. Department of Energy’s Loan Program Office.This loan will finance grid modernization projects and potentially save customers up to $1 billion on a net present value basis through lower-cost financing.                                                                                             |
| A second consecutive year of achieving several hundred million dollars of operating cost savings.                                                                                                                                                                                                                                                                |
| Delivered industry-leading three-year cumulative total shareholder return of 65%,the highest among our peers over the period ending December 31, 2024.                                                                                                                                                                                                           |

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 49

#### Compensation Framework
Our core executive compensation program, which consists of base salary, a cash-based short-term incentive, and equity-based annual long-term incentive awards granted in the form of PSUs, is applied consistently to NEOs of both PG&E Corporation and the Utility.

| Core Pay Component                                                                                                                                                                           
 and Rationale(1)                                                                                                                                                                             |     | 2024 PG&E Corporation CEO Target Direct Compensation Mix(2) |     | 2024 NEO                          
 Target Direct Compensation Mix(3) |     | 2024 Performance Measures                                 |     | Performance 
 Period      |     | Form of 
 Payment |
| Base SalaryFixed pay to attract and retain talent; takes account of scope, performance and experience                                                                                        |     |                                                             |     |                                   |     | N/A