Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 140

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 140
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 pending, have pending appeals, or were completed during the six months ended June 30, 2025 are summarized in the following table:

ProceedingRequest (1)Status2022 WMCERevenue requirement of approximately $1.29 billionFiled December 2022.  Decision authorizing $1.1 billion of interim rate relief adopted June 2023.  Partial settlement filed December 2023.2023 WMCERevenue requirement of approximately $1.86 billionApplication filed December 2023.  Decision authorizing $944 million of interim rate relief adopted September 2024.  Partial settlement filed June 2025.2024 WMCERevenue requirement of approximately $435 million Application filed November 2024.2023 WGSCRevenue requirement of approximately $688 millionApplication filed June 2023. Decision authorizing $516 million of interim rate relief adopted March 2024.

(1) The revenue requirement amounts requested do not include interest.

26

Wildfire Mitigation and Catastrophic Events Cost Recovery Applications

2022 WMCE Application 

On December 15, 2022, the Utility filed an application with the CPUC requesting cost recovery of approximately $1.36 billion of recorded expenditures, resulting in a proposed revenue requirement of approximately $1.29 billion (the “2022 WMCE application”).  The costs addressed in the 2022 WMCE application reflect costs related to wildfire mitigation and certain catastrophic events, as well as implementation of various customer-focused initiatives.  These costs were incurred primarily in 2021.

The recorded expenditures consist of $1.2 billion in expenses and $136 million in capital expenditures.  On June 8, 2023, the CPUC adopted a final decision granting the Utility interim rate relief of $1.1 billion to be recovered over 12 months, which went into effect July 1, 2023.  The remaining $224 million will be recovered to the extent it is approved after the CPUC issues a final decision for such requested rate relief.  Cost recovery requested in the 2022 WMCE application is subject to the CPUC’s reasonableness review, which could result in some or all of the interim rate relief being subject to refund.  See “2022 WMCE Interim Rate Relief Subject to Refund” in Note 11 of the Notes to the Condensed Consolidated Financial Statements in Part I, Item