Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 155

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 155
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 work in the WMP for 2025.  On February 10, 2025, the OEIS issued a decision approving both initiatives in the change order request.  

2026-2028 Wildfire Mitigation Plan

On April 4, 2025, the Utility submitted to the OEIS its 2026-2028 WMP, which it revised on July 28, 2025.  The 2026-2028 WMP provides a comprehensive overview of the Utility’s wildfire mitigation strategy and incorporates lessons learned from previous years and emerging best practices. 

SB 884 10-Year Distribution Undergrounding Program

On March 7, 2024, the CPUC approved a resolution that establishes an expedited utility distribution infrastructure undergrounding program pursuant to Public Utilities Code Section 8388.5.  The resolution addresses the process and requirements for the CPUC’s review of any large electrical corporation’s 10-year distribution infrastructure undergrounding plan and conditional approval of its related costs.  The CPUC is considering revising these guidelines.

On February 20, 2025, the OEIS adopted final program guidelines.  The OEIS has indicated that it will issue separate compliance guidelines.

LEGISLATIVE AND REGULATORY INITIATIVES

SB 254 

On September 19, 2025, SB 254 became law.  It became effective on that same day.  Among other things, the law provides for the Continuation Account which is designed to provide additional liquidity to reimburse catastrophic wildfire-related claims incurred by large electric corporations (as defined in SB 254), if the Wildfire Fund is depleted.  Each of California’s large electric IOUs has elected to participate in the Continuation Account.  The Continuation Account would be similar to the Wildfire Fund, except:

•The Continuation Account would provide up to $18 billion of liquidity.  If the Wildfire Fund administrator determines that the Continuation Account is necessary prior to December 31, 2028, the CPUC will consider whether to extend the non-bypassable charge on customers from 2036 through 2045.  If the CPUC extends the non-bypassable charge on customers, the participating utilities’ annual $300 million contributions will be extended from 2029 through 2045. 

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The Wildfire Fund administrator is also authorized to determine if additional annual contributions are needed, in which case the participating utilities will contribute an additional $3.9 billion in equal installment