Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 18

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part II, Item 7
Chunk 18
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 “2022 WMCE Application” below) in the three months ended September 30, 2025, with no comparable costs in the same period in 2024; and

•an approximately $40 million increase in electric transmission expenses in the three months ended September 30, 2025, compared to the same period in 2024.

18

The Utility’s Operating and maintenance expenses increased by $66 million, or 1%, in the nine months ended September 30, 2025, compared to the same period in 2024. This increase was primarily due to:

•approximately $490 million in previously deferred expenses authorized in the 2023 WMCE application (see “2023 WMCE Application” below) in the nine months ended September 30, 2025, with no comparable costs in the same period in 2024;

•approximately $470 million in costs associated with extended operations at DCPP in the nine months ended September 30, 2025, with no comparable costs in the same period in 2024;

•approximately $80 million increase in electric transmission expenses in the nine months ended September 30, 2025, compared to the same period in 2024; and

•approximately $40 million increase due to recognition of previously deferred expenses as per the 2022 WMCE final decision (see “2022 WMCE Application” below) in the nine months ended September 30, 2025, with no comparable costs in the same period in 2024.

Partially offset by:

•approximately $540 million of previously deferred expenses authorized in the 2022 WMCE proceeding as part of interim rate relief (see “2022 WMCE Application” below) in the nine months ended September 30, 2024, with no comparable costs in the same period in 2025;

•approximately $210 million in costs related to a FERC order denying the capitalization of certain vegetation management costs and ordering the Utility to record these as operating expense, resulting in an increase in operating expense in the nine months ended September 30, 2024, with no comparable costs in the same period in 2025;

•approximately $130 million in lower interim rate relief as authorized in the WGSC proceeding (see “Wildfire and Gas Safety Costs Recovery Application” below) in the nine months ended September 30, 2025, compared with the same period in 2024;

•approximately $60 million in lower costs related to winter storm response in the nine