Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 199

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 199
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— $88 $185 $(22)$251 (1) Includes the effect of the contractual ability to settle contracts under master netting agreements and cash collateral.(2) Includes $1 billion and $76 million held in Pacific Energy Risk Solutions, LLC and Pacific Casualty Insurance Company, LLC, respectively.(3) Represents amount before deducting $860 million primarily related to deferred taxes on appreciation of investment value.

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 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 NAV— — — 22 Total nuclear decommissioning trusts (2)3,531 1,027 — — 4,580 Customer credit trust Short-term investments1 — — — 1 Global equity securities186 — — — 186 Fixed-income securities46 144 — — 190 Total customer credit trust233 144 — — 377 Price risk management instruments (Note 8)    Electricity— 26 383 (6)403 Gas— 10 — (10)— Total price risk management instruments— 36 383 (16)403 Rabbi trusts    Short-term investments107 — — — 107 Global equity securities6 — — — 6 Life insurance contracts— 66 — — 66 Total rabbi trusts113 66 — — 179 Long-term disability trust    Short-term investments4 — — — 4 Assets measured at NAV— — — — 130 Total long-term disability trust4 — — — 134 TOTAL ASSETS$5,612 $1,273 $383 $(16)$7,404 Liabilities: