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Exhibit C

13 Week Budget

Case: 19-30088 Doc# 23-3 Filed: 01/29/19 Entered: 01/29/19 02:24:53 Page 1 of

3
Pacific Gas & Electric

Cash Forecast - CONSOLIDATED

USD'000

As of January 28, 2019

1/5/2019

Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast 13 Week

Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 TOTAL

2/2/2019 2/9/2019 2/16/2019 2/23/2019 3/2/2019 3/9/2019 3/16/2019 3/23/2019 3/30/2019 4/6/2019 4/13/2019 4/20/2019 4/27/2019

Cash Flow from Operations

ir Receipts

Customer Receipts - Electric 282,949 317,042 305,054 277,498 310,448 273,371 267,072 298,816 258,557 240,413 241,750 263,496 241,622 3,578,087

Customer Receipts - Gas 137,250 151,474 145,746 132,580 146,468 120,723 117,941 131,959 114,181 92,455 92,970 101,332 92,920 1,577,999

Other Receipts 2,889 8,491 5,051 5,051 414 2,275 119,500 4,500 4,500 5,775 4,500 4,500 61,290 228,736

Total Operating Receipts 423,088 477,007 455,851 415,129 457,330 396,369 504,512 435,275 377,238 338,643 339,219 369,328 395,832 5,384,822

Disbursements

Payroll & Benefits (17,360) (114,763) (13,920) (118,879) (159,236) (114,189) (286,768) (114,736) (151,408) (117,502) (104,640) (112,762) (185,013) (1,611,175)

Energy Purchases - Electricity (3) (20,576) (20,303) (79,431) (2,345) (25,694) (20,860) (20,860) (147,784) (7,500) (7,500) (23,809) (186,897) (563,563)

Energy Purchases - Natural Gas (2,376) (40,356) (7,337) (40,356) (3,669) - (44,220) (7,075) (37,145) - (33,615) (6,112) (33,615) (255,877)

Customer Rebates (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (9,014) (117,176)

CCA (46,838) (52,481) (50,497) (45,935) (51,389) (45,252) (44,209) (49,464) (42,800) (39,796) (40,018) (43,617) (39,997) (592,293)

Operations & Maintenance (61,925) (116,784) (123,338) (118,351) (100,596) (92,093) (107,631) (109,991) (124,426) (97,644) (107,533) (88,466) (90,667) (1,339,445)

P-Card (6,981) (6,981) (3,491) (3,491) (3,491) (3,491) (3,491) (3,491) (3,491) (3,491) (3,491) (3,491) (3,491) (52,361)

Facilities (1,825) (6,578) (1,778) (4,805) (3,275) (3,228) (3,228) (3,228) (6,254) (3,275) (3,228) (3,228) (6,254) (50,183)

Insurance (14) (133) (388) (1,607) (9) (4,350) (16) (84) (7,390) (412) (341) (3,787) (229) (18,759)

Taxes & Fees (81,206) (814) (1,963) (9,025) (26,638) (1,757) (19,992) (106,026) (19,983) (57,521) (186,467) (3,206) (33,761) (548,360)

Admin & Prof Svcs (5,000) (12,403) (12,403) (12,403) (35,305) (24,805) (24,805) (29,368) (24,805) (35,305) (24,805) (24,805) (24,805) (291,017)

Other Operating (2,000) (8,988) (8,988) (8,988) (12,790) (11,807) (11,807) (11,807) (11,807) (12,490) (11,433) (10,607) (10,607) (134,122)

Total Operating Disbursements (234,541) (389,870) (253,420) (452,284) (407,757) (335,680) (576,041) (465,143) (586,308) (383,950) (532,084) (332,903) (624,350) (5,574,331)

Intercompany

Intercompany - - - - - - - - - - - - - -

Total Intercompany - - - - - - - - - - - - - -

Total Cash Flow from Operations 188,546 87,137 202,432 (37,154) 49,573 60,689 (71,529) (29,869) (209,070) (45,307) (192,865) 36,425 (228,518) (189,509)

Non-Operating Cash Flows

Settlements - - - - - - - - - - - - - -

Reorg Professional Fees - - (2,155) - - - (2,855) - - - - (19,569) - (24,579)

Collateral Postings - - - (408,000) - - - - - - - - - (408,000)

Debt Service (57,950) - - - (13,195) - - - - (8,521) - - - (79,666)

Other Non-Operating - - - - - - - - - - - - - -

Total Non-Operating Cash Flows (57,950) - (2,155) (408,000) (13,195) - (2,855) - - (8,521) - (19,569) - (512,245)

Debt Principal

Debt Borrowing 750,000 - - - 1,500,000 - - - - - - - - 2,250,000

Debt Paydown - - - - (750,000) - - - - - - - - (750,000)

Total Debt Principal 750,000 - - - 750,000 - - - - - - - - 1,500,000

Net Cash Flow 880,596 87,137 200,277 (445,154) 786,377 60,689 (74,384) (29,869) (209,070) (53,828) (192,865) 16,856 (228,518) 798,247

Cash Balance

Opening Balance (Book) 860,000 1,740,596 1,827,733 2,028,010 1,582,856 2,369,233 2,429,923 2,355,539 2,325,670 2,116,600 2,062,772 1,869,908 1,886,764 860,000

Net Cash from Operations 188,546 87,137 202,432 (37,154) 49,573 60,689 (71,529) (29,869) (209,070) (45,307) (192,865) 36,425 (228,518) (189,509)

Net Non-Operating Cash Flows (57,950) - (2,155) (408,000) (13,195) - (2,855) - - (8,521) - (19,569) - (512,245)

Net Debt Principal 750,000 - - - 750,000 - - - - - - - - 1,500,000

Ending Balance (Book) 1,740,596 1,827,733 2,028,010 1,582,856 2,369,233 2,429,923 2,355,539 2,325,670 2,116,600 2,062,772 1,869,908 1,886,764 1,658,247 1,658,247

Float 12,502 17,502 22,502 27,502 32,502 37,502 42,502 47,502 52,502 52,502 52,502 52,502 52,502 52,502

Ending Balance (Bank) 1,753,098 1,845,235 2,050,512 1,610,358 2,401,735 2,467,424 2,398,041 2,373,172 2,169,102 2,115,274 1,922,410 1,939,266 1,710,748 1,710,748

Case: 19-30088 Doc# 23-3 Filed: 01/29/19 Entered: 01/29/19 02:24:53 Page 2 of 1

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Pacific Gas & Electric

Cash Forecast - Supplemental

USD'000

As of January 28, 2019

1/5/2019

Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast Fcast 13 Week

Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 TOTAL

2/2/2019 2/9/2019 2/16/2019 2/23/2019 3/2/2019 3/9/2019 3/16/2019 3/23/2019 3/30/2019 4/6/2019 4/13/2019 4/20/2019 4/27/2019

Liquidity

Cash Balance CORP 369,604 369,549 367,049 366,477 364,389 364,348 360,146 359,783 359,085 358,994 358,648 338,736 338,046 338,046

Cash Balance UTILITY 1,370,992 1,458,185 1,660,961 1,216,379 2,004,844 2,065,574 1,995,393 1,965,887 1,757,515 1,703,779 1,511,260 1,548,028 1,320,200 1,320,200

less: Customer Deposits (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000) (250,000)

less: Working Capital Reserve (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000) (450,000)

Available Cash UTILITY 670,992 758,185 960,961 516,379 1,304,844 1,365,574 1,295,393 1,265,887 1,057,515 1,003,779 811,260 848,028 620,200 620,200

DIP Availability 750,000 750,000 750,000 750,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000

Ending Utility Liquidity 1,420,992 1,508,185 1,710,961 1,266,379 5,304,844 5,365,574 5,295,393 5,265,887 5,057,515 5,003,779 4,811,260 4,848,028 4,620,200 4,620,200

DIP Balance - Revolver

Opening Balance - 750,000 750,000 750,000 750,000 - - - - - - - - -

Debt Borrowing 750,000 - - - - - - - - - - - - 750,000

Debt Paydown - - - - (750,000) - - - - - - - - (750,000)

Ending Balance 750,000 750,000 750,000 750,000 - - - - - - - - - -

DIP Availability - Revolver

Total Facility 1,500,000 1,500,000 1,500,000 1,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000

Less: Outstanding Loan Balance (750,000) (750,000) (750,000) (750,000) - - - - - - - - - -

Less: Outstanding LOCs - - - - - - - - - - - - - -

Ending Availability 750,000 750,000 750,000 750,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000

DIP Balance - Term Loan

Opening Balance - - - - - 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 -

Debt Borrowing - - - - 1,500,000 - - - - - - - - 1,500,000

Debt Paydown - - - - - - - - - - - - - -

Ending Balance - - - - 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000

DIP Availability - Term Loan

Total Facility - - - - 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000

Less: Outstanding Loan Balance - - - - (1,500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000) (1,500,000)

Ending Availability - - - - - - - - - - - - - -

DIP Balance - Delayed Draw Term Loan

Opening Balance - - - - - - - - - - - - - -

Debt Borrowing - - - - - - - - - - - - - -

Debt Paydown - - - - - - - - - - - - - -

Ending Balance - - - - - - - - - - - - - -

DIP Availability - Delayed Draw Term Loan

Total Facility - - - - 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000

Less: Outstanding Loan Balance - - - - - - - - - - - - - -

Ending Availability - - - - 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000

Case: 19-30088 Doc# 23-3 Filed: 01/29/19 Entered: 01/29/19 02:24:53 Page 3 of 2

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