Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 212

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 212
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 Corporation are generally priced at the lower of fully loaded cost or fair market value, depending on the nature and value of the services.  PG&E Corporation also allocates various corporate administrative and general costs to the Utility and other subsidiaries using agreed-upon allocation factors, including the number of employees, operating and maintenance expenses, total assets, and other cost allocation methodologies.  Management believes that the methods used to allocate expenses are reasonable and meet the reporting and accounting requirements of its regulatory agencies.The Utility’s significant related party transactions were: Year Ended December 31, (in millions)202420232022Utility revenues from:   Administrative services provided to PG&E Corporation$3 $3 $3 Utility expenses from:Administrative services received from PG&E Corporation$66 $80 $104 Utility employee benefit due to PG&E Corporation81 74 85 At December 31, 2024 and 2023, the Utility had receivables of $25 million and $26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $11 million and $24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets.

NOTE 14: WILDFIRE-RELATED CONTINGENCIES

Liability OverviewPG&E Corporation and the Utility have significant contingencies arising from their operations, including contingencies related to wildfires.  PG&E Corporation and the Utility record a provision for a loss contingency when they determine that it is both probable that a liability has been incurred and the amount of the liability can be reasonably estimated.  PG&E Corporation and the Utility evaluate which potential liabilities are probable and the related range of reasonably estimated losses and record a charge that reflects their best estimate or the lower end of the range, if there is no better estimate.

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Assessing whether a loss is probable or reasonably possible, whether the loss or a range of losses is estimable, and the amount of the best estimate or lower end of the range often requires management to exercise significant judgment about future events.  Management makes these assessments based on a number of assumptions and subjective factors, including negotiations (including those during mediations with claimants), discovery, settlements and payments, rulings, advice of legal counsel, and other information and events pertaining to a particular matter, and estimates based on currently available information and prior experience with wildfires.  Unless expressly noted otherwise, the