Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 67

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 securities2,184 — — — 2,184 Fixed-income securities1,271 1,062 — — 2,333 Assets measured at NAV— — — — 21 Total nuclear decommissioning trusts (2)3,515 1,062 — — 4,598 Customer credit trust Short-term investments16 — — — 16 Global equity securities465 — — — 465 Fixed-income securities201 267 — — 468 Total customer credit trust682 267 — — 949 Price risk management instruments (Note 8)     Electricity— 39 370 (2)407 Gas— 16 — (7)9 Total price risk management instruments— 55 370 (9)416 Rabbi trusts     Short-term investments109 — — — 109 Global equity securities5 — — — 5 Life insurance contracts— 67 — — 67 Total rabbi trusts114 67 — — 181 Long-term disability trust     Short-term investments6 — — — 6 Assets measured at NAV— — — — 128 Total long-term disability trust6 — — — 134 TOTAL ASSETS$7,126 $1,451 $370 $(9)$9,087 Liabilities:     Price risk management instruments (Note 8)     Electricity$— $30 $244 $(5)$269 Gas— 7 — (7)— TOTAL LIABILITIES$— $37 $244 $(12)$269 (1) Includes the effect of the contractual ability to settle contracts under master netting agreements and cash collateral.(2) Represents amount before deducting $744 million primarily related to deferred taxes on appreciation of investment value.

59

 Fair Value Measurements December 31, 2024(in millions)Level 1Level 2Level 3Netting (1)TotalAssets:     Short-term investments$826 $— $— $— $826 Pacific Energy Risk Solutions, LLC  Short-term investments905 — — — 905 Total Pacific Energy Risk Solutions, LLC905 — — — 905 Nuclear decommission