Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 198

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 198
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 on a recurring basis for PG&E Corporation and the Utility are summarized below.  Assets held in rabbi trusts are held by PG&E Corporation and not the Utility. Fair Value Measurements At September 30, 2025(in millions)Level 1Level 2Level 3Netting (1)TotalAssets:     Short-term investments$285 $— $— $— $285 Self-insurance investments   Short-term investments1,092 — — — 1,092 Total Self-insurance investments (2)1,092 — — — 1,092 Nuclear decommissioning trustsShort-term investments34 — — — 34 Global equity securities2,492 — — — 2,492 Fixed-income securities1,376 1,122 — — 2,498 Assets measured at NAV— — — — 26 Total nuclear decommissioning trusts (3)3,902 1,122 — — 5,050 Customer credit trust Short-term investments8 — — — 8 Global equity securities450 — — — 450 Fixed-income securities98 346 — — 444 Total customer credit trust556 346 — — 902 Price risk management instruments (Note 8)     Electricity— 12 321 (7)326 Gas— 16 — (12)4 Total price risk management instruments— 28 321 (19)330 Rabbi trusts     Short-term investments114 — — — 114 Global equity securities4 — — — 4 Life insurance contracts— 65 — — 65 Total rabbi trusts118 65 — — 183 Long-term disability trust     Short-term investments3 — — — 3 Assets measured at NAV— — — — 112 Total long-term disability trust3 — — — 115 TOTAL ASSETS$5,956 $1,561 $321 $(19)$7,957 Liabilities:     Price risk management instruments (Note 8)     Electricity$— $68 $185 $(9)$244 Gas— 20 — (13)7 TOTAL LIABILITIES$