Company: PCG-PB
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001004980-25-000121
Chunk: 12

Company: PG&E Corp
Filing Date: 2025-06-24
Form: 11-K
Chunk 12
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asured at Net Asset Value (NAV)
In accordance with FASB ASU No. 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent) , investments that are measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy table above. The fair value amounts are included in the table above in order to reconcile to the amounts presented in the Statement of Net Assets Available for Benefits. These investments include the target date funds. There are no restrictions on the terms and conditions upon which the investments may be redeemed.

#### Transfers Between Levels
There were no transfers between levels for the years ended December 31, 2024 and 2023. However, certain investments were moved from the fair value hierarchy to net asset value and from net asset value to the fair value hierarchy based on re-evaluation of the underlying assets.

#### Level 3 Rollforward
There were no assets classified as Level 3 in the fair value hierarchy for the years ended December 31, 2024 and 2023.

#### NOTE 5: RELATED PARTY TRANSACTIONS
Certain Plan investments, including investments held in the Master Trust, are shares of funds managed by the Trustee. The Plan also invests in PG&E Corporation common stock. These transactions qualify as party-in-interest transactions under ERISA.

The party-in-interest transactions for the Plan are comprised of the following investments:

|                                     | (in thousands) | As of December 31, |    2024 |     |   |    2023 |
|:------------------------------------|:---------------|:-------------------|--------:|:----|:--|--------:|
| PG&E Corporation Stock Fund         |                | $                  | 158,079 |     | $ | 156,211 |
| Fidelity fund                       |                |                    | 356,855 |     |   | 285,416 |
| Total party-in-interest investments |                | $                  | 514,934 |     | $ | 441,627 |

#### NOTE 6: FEDERAL INCOME TAX STATUS
The Plan has received a determination letter from the IRS dated January 22, 2016, stating that the Plan is qualified under Section 401(a) and Section 401(k) of the Code, and therefore the related trust is exempt from taxation. A lthough the Plan has been amended since receiving the determination letter,