Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 78

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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2)3,756 1,051 — — 4,831 Customer credit trust Short-term investments16 — — — 16 Global equity securities473 — — — 473 Fixed-income securities88 358 — — 446 Total customer credit trust577 358 — — 935 Price risk management instruments (Note 8)     Electricity— 48 312 3 363 Gas— 25 — (2)23 Total price risk management instruments— 73 312 1 386 Rabbi trusts     Short-term investments112 — — — 112 Global equity securities4 — — — 4 Life insurance contracts— 66 — — 66 Total rabbi trusts116 66 — — 182 Long-term disability trust     Short-term investments4 — — — 4 Assets measured at NAV— — — — 129 Total long-term disability trust4 — — — 133 TOTAL ASSETS$5,770 $1,548 $312 $1 $7,784 Liabilities:     Price risk management instruments (Note 8)     Electricity$— $24 $176 $(5)$195 Gas— 9 — (6)3 TOTAL LIABILITIES$— $33 $176 $(11)$198 (1) Includes the effect of the contractual ability to settle contracts under master netting agreements and cash collateral.(2) Represents amount before deducting $809 million primarily related to deferred taxes on appreciation of investment value.

64

 Fair Value Measurements At 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 decommissioning trustsShort-term investments53 — — — 53 Global equity securities2,228 — — — 2,228 Fixed-income securities1,250 1,027 — — 2,277 Assets measured at