Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 83

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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missioning trusts    Short-term investments$46 $— $— $46 Global equity securities372 2,091 (6)2,457 Fixed-income securities2,341 44 (57)2,328 Total (1)$2,759 $2,135 $(63)$4,831 As of December 31, 2024    Nuclear decommissioning trusts    Short-term investments$54 $— $(1)$53 Global equity securities353 1,907 (10)2,250 Fixed-income securities2,341 20 (84)2,277 Total (1)$2,748 $1,927 $(95)$4,580 (1) Represents amounts before deducting $809 million and $747 million as of June 30, 2025 and December 31, 2024, respectively, primarily related to deferred taxes on appreciation of investment value.

The fair value of fixed-income securities by contractual maturity is as follows: As of(in millions)June 30, 2025Less than 1 year$13 1–5 years780 5–10 years556 More than 10 years979 Total maturities of fixed-income securities$2,328 

The following table provides a summary of activity for the fixed-income and equity securities:Three Months EndedJune 30,Six Months EndedJune 30,(in millions)2025202420252024Proceeds from sales and maturities of nuclear decommissioning trust investments$501 $587 $779 $1,044 Gross realized gains on securities4 70 6111 Gross realized losses on securities(11)(19)(17)(30)

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Customer Credit TrustThe following table provides a summary of equity securities and available-for-sale debt securities:(in millions)AmortizedCostTotalUnrealizedGainsTotalUnrealizedLossesTotal FairValueAs of June 30, 2025Customer credit trustShort-term investments$16 $— $— $16 Global equity securities397 80 (4)473 Fixed-income securities444 4 (2)446 Total $857 $84 $(6)$935 As of December 31, 2024    Customer credit trust    Short-term investments$1 $— $— $1 Global equity securities161