Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 37

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part II, Item 7
Chunk 37
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 amounts under certain conditions. On October 4, 2024, the Utility filed a motion to increase the 2025 and 2026 cap amounts by an aggregate $3.13 billion.  

On August 28, 2025, the CPUC issued a final decision that increases the cost cap for 2025 and 2026 by an aggregate $2.38 billion.

2027 General Rate Case

On May 15, 2025, the Utility filed its 2027 GRC application with the CPUC.  In the 2027 GRC, the CPUC will determine the annual amount of revenue requirements that the Utility will be authorized to collect through rates from 2027 through 2030 to recover its anticipated costs for gas distribution, transmission and storage, electric distribution, and electric generation and to provide the Utility an opportunity to earn its authorized rate of return.  

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The table below compares the portion of CPUC jurisdictional revenue requirements and weighted-average rate base that are requested in the GRC proceeding from 2027 through 2030 to the amounts adopted for 2026 in the 2023 GRC and other cost recovery proceedings: 

YearRequested revenue requirement (in billions)Requested weighted-average GRC rate base2026 (as adopted)$15.4 54.0 202716.6 67.0 202817.7 73.4 202918.7 79.4 203019.9 85.4 

In the 2027 GRC application, the Utility proposed various safety, resiliency, and clean energy investments.  Among other things, the Utility proposed to invest a total of approximately $45.0 billion between 2027 and 2030 in CPUC-jurisdictional assets.  The proposed investments would support wildfire safety (including undergrounding 307 miles of electrical lines each year until a 10-year undergrounding plan is approved), grid modernization, gas system safety, clean energy, and resilience.

In addition, the Utility requested authorization to establish new balancing accounts for new business capital spend and employee medical expenses. 

The Utility is not seeking recovery of compensation of PG&E Corporation’s and the Utility’s officers within the scope of 17 Code of Federal Regulations 240.3b-7.

On July 31, 2025, the CPUC issued a scoping memo that modifies the standard rate case plan schedule.  The scoping memo indicates that the CPUC will issue a PD