Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 216

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 216
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 2022 Mosquito fire.The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable losses, net of payments, for claims arising from the 2022 Mosquito fire since December 31, 2024.Loss Accrual (in millions)Balance at December 31, 2024$82 Accrued Losses150 Payments(63)Balance at September 30, 2025$169 As of September 30, 2025, the Utility recorded an insurance receivable of $256 million for probable insurance recoveries in connection with the 2022 Mosquito fire, including legal fees.  As of September 30, 2025, the Utility also recorded a $7 million reduction to its regulatory liability for wildfire-related claims costs that were determined to be probable of recovery through the FERC TO formula rate and a $54 million regulatory asset for costs that were determined to be probable of recovery through the WEMA.  See “Regulatory Recovery” below.

Loss RecoveriesPG&E Corporation and the Utility have recovery mechanisms available for wildfire liabilities including from insurance, through rates, and from the Wildfire Fund.  PG&E Corporation and the Utility record a receivable for a recovery when it is deemed probable that recovery of a recorded loss will occur, and the Utility can reasonably estimate the amount or its range.  While the Utility plans to seek recovery of all insured losses, it is unable to predict the ultimate amount and timing of such recoveries.  For more information on the applicable facts and circumstances of the corresponding wildfires, see “2019 Kincade Fire,” “2021 Dixie Fire,” and “2022 Mosquito Fire.”Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of September 30, 2025 are: Potential Recovery Source (in millions)2021 Dixie fire2022 Mosquito fireInsurance$523 $256 FERC TO rates96 7 WEMA530 54 Wildfire Fund1,125 — Probable recoveries at September 30, 2025 (1)$2,274 $317 (1) Includes legal costs of $143 million and $66 million related to the 2021 Dixie fire and 2022 Mosquito fire, respectively, as of September 30, 2025.The Utility could be subject to significant liability in connection with these wildfire events.  If such