Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 73

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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31, 2025Less than 1 year$— 1–5 years124 5–10 years144 More than 10 years200 Total maturities of fixed-income securities$468 

The following table provides a summary of activity for the fixed-income and equity securities:Three Months Ended March 31,(in millions)20252024Proceeds from sales and maturities of customer credit trust investments$99 $81 Gross realized gains on securities3 8Gross realized losses on securities (3)(1)

NOTE 10: WILDFIRE-RELATED CONTINGENCIES

Liability OverviewPG&E Corporation and the Utility have significant contingencies arising from their operations, including contingencies related to wildfires.  PG&E Corporation and the Utility record a provision for a loss contingency when they determine that it is both probable that a liability has been incurred and the amount of the liability can be reasonably estimated.  PG&E Corporation and the Utility evaluate which potential liabilities are probable and the related range of reasonably estimated losses and record a charge that reflects their best estimate or the lower end of the range, if there is no better estimate.

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Assessing whether a loss is probable or reasonably possible, whether the loss or a range of losses is estimable, and the amount of the best estimate or lower end of the range often requires management to exercise significant judgment about future events.  Management makes these assessments based on a number of assumptions and subjective factors, including negotiations (including those during mediations with claimants), discovery, settlements and payments, rulings, advice of legal counsel, and other information and events pertaining to a particular matter, and estimates based on currently available information and prior experience with wildfires.  Unless expressly noted otherwise, the loss accruals in this Note reflect the lower end of the range of the reasonably estimable range of losses.  PG&E Corporation and the Utility believe that it is reasonably possible that the amount of loss could be greater than the accrued estimated amounts but are unable to reasonably estimate the additional loss or the upper end of the range because, as described below, there are a number of unknown facts and legal considerations that may impact the amount of any potential liability, including the total scope and nature of claims that may be asserted against PG&E Corporation and the Utility.Loss contingencies are reviewed quarterly, and estimates are adjusted to reflect the impact of all known information.  As more information becomes available, including from potential claimants as litigation or resolution efforts progress, management estimates and assumptions regarding the