Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 198

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 198
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7, 2025, the court issued a ruling sustaining Cal Fire’s demurrer and striking portions of the Utility’s amended answer.  On April 7, 2025, the Utility filed a petition for writ of mandate in the California First District Court of Appeal, seeking an order directing the trial court to reverse the ruling on Cal Fire’s demurrer and motion to strike.  On April 30, 2025, in response to the Court of Appeal’s request, Cal Fire filed an opposition to the Utility’s writ.  The Utility filed a reply to the opposition on May 9, 2025.  As of July 30, 2025, the writ remains pending with the Court of Appeal.On February 7, 2023, the Utility entered into a tolling agreement with Cal OES, extending the agency’s time to file a complaint.  That tolling agreement remains in effect.PG&E Corporation and the Utility are aware of a separate putative class complaint.  After PG&E Corporation and the Utility demurred to the putative class complaint, the court issued an order abating the case unless the plaintiffs amended the complaint, which the plaintiffs did on February 12, 2025.  On March 18, 2025, PG&E Corporation and the Utility filed an answer, and on April 18, 2025 filed an amended answer.  On April 28, 2025, the plaintiffs filed a demurrer and a motion to strike PG&E Corporation and the Utility’s answer.  Those motions are set for hearing on October 1, 2025.  The court set December 1, 2025 as the deadline for the plaintiffs to move for class certification.Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2021 Dixie fire.  PG&E Corporation and the Utility recorded a liability in the aggregate amount of $1.925 billion as of December 31, 2024 (before available recoveries).  Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded