Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 57

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 pension and other post-retirement benefit costs.  See the “Pension and Other Post-Retirement Benefits” table above for additional details.(2) Includes amounts related to the customer credit trust and Pacific Energy Risk Solutions, LLC.

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The changes, net of income tax, in PG&E Corporation’s Accumulated other comprehensive income (loss) for the three months ended March 31, 2024 consisted of the following:Pension BenefitsOtherBenefitsCustomer Credit TrustTotal(in millions, net of income tax)Three Months Ended March 31, 2024Beginning balance$(28)$18 $2 $(8)Other comprehensive income before reclassificationLoss on investments (net of taxes of $0, $0 and $1, respectively)— — (1)(1)Amounts reclassified from other comprehensive income: (1)Amortization of prior service cost (net of taxes of $0, $0, and $0, respectively)(1)— — (1)Amortization of net actuarial gain (net of taxes of $0, $1, and $0, respectively)— (4)— (4)Regulatory account transfer (net of taxes of $0, $1, and $0, respectively)1 4 — 5 Net current period other comprehensive loss— — (1)(1)Ending balance$(28)$18 $1 $(9)(1) These components are included in the computation of net periodic pension and other post-retirement benefit costs.  See the “Pension and Other Post-Retirement Benefits” table above for additional details.There was no material difference between PG&E Corporation and the Utility for the information disclosed above.

Accounting Standards Issued But Not Yet AdoptedIncome TaxesIn December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which amends the existing guidance to enhance the transparency and decision usefulness of income tax disclosures.  The standard requires consistent categories and greater disaggregation of information in the rate reconciliation, and income taxes paid disaggregated by jurisdiction.  This ASU became effective for PG&E Corporation and the Utility on January 1, 2025.  There is no significant impact on PG&E Corporation and the Utility’s Condensed Consolidated Financial Statements and related disclosures.  PG&E Corporation and the Utility will adopt this new ASU in its Form 10-K for the