Financial Performance - PG&E Corporation reported a significant restructuring following its emergence from Chapter 11, impacting historical financial performance[15] - PG&E Corporation reported a net loss of $1,088 million for the three months ended September 30, 2021, compared to a net income of $86 million in the same period of 2020[22] - The company reported a comprehensive loss attributable to common shareholders of $1,090 million for the three months ended September 30, 2021, compared to a comprehensive income of $83 million in the same period of 2020[22] - Net income for Q3 2021 was a loss of $1,042 million, compared to a profit of $170 million in Q3 2020[31] - Operating income decreased to $306 million in Q3 2021 from $377 million in Q3 2020, reflecting a decline of 19%[31] - Net income for the nine months ended September 30, 2021, was a loss of $425 million, a decline from a net income of $148 million for the same period in 2020[38] Assets and Liabilities - Total current assets increased to $11,527 million as of September 30, 2021, up from $9,602 million at the end of 2020, driven by higher regulatory balancing accounts[24] - Total assets reached $103,561 million as of September 30, 2021, compared to $97,856 million at the end of 2020, reflecting growth in property, plant, and equipment[24] - Current liabilities rose to $17,784 million as of September 30, 2021, compared to $13,581 million at the end of 2020, primarily due to an increase in wildfire-related claims[25] - Long-term debt decreased to $35,959 million as of September 30, 2021, from $37,288 million at the end of 2020, indicating a reduction in leverage[25] - Total current liabilities increased to $17,730 million from $13,496 million, reflecting a rise of approximately 31.5%[36] - Long-term debt decreased to $31,366 million from $32,664 million, a reduction of about 4%[36] Revenue and Expenses - Total operating revenues for Q3 2021 reached $5,465 million, a 12% increase from $4,882 million in Q3 2020[31] - Total operating expenses increased to $5,159 million in Q3 2021, up from $4,505 million in Q3 2020, marking a 15% rise[31] - The cost of natural gas surged to $176 million in Q3 2021, compared to $90 million in Q3 2020, representing a 96% increase[31] - Total operating revenues for the nine months ended September 30, 2021, reached $15,396 million, up from $13,721 million in 2020[68] Wildfire-Related Issues - The company faces ongoing investigations related to wildfires, including potential liabilities and penalties, which could affect future financial results[15] - PG&E's ability to access the Wildfire Fund remains uncertain, with concerns about the sufficiency of remaining funds[16] - The company aims to securitize up to $1.19 billion for fire risk mitigation expenditures incurred in 2020 and 2021[17] - PG&E Corporation's initial contribution to the Wildfire Fund was approximately $4.8 billion, with annual contributions of approximately $193 million expected for ten years[69] - The Utility's Wildfire Fund allocation metric is 64.2%, reflecting its share of the total contributions required from California's large electric IOUs[69] - PG&E Corporation has committed $5.4 billion in cash and common stock to settle fire victim claims as part of the Restructuring Support Agreement[152] Regulatory and Compliance - The Utility's implementation of its Public Safety Power Shutoff (PSPS) program may lead to fines and reputational damage, affecting operational costs[16] - Regulatory assets increased to $9,479 million as of September 30, 2021, compared to $8,978 million at the end of 2020, reflecting ongoing regulatory activities[24] - Regulatory balancing accounts allow the Utility to recover costs authorized by the CPUC, independent of sales volume, ensuring revenue stability[66] - The Utility's ability to recover costs for electricity and natural gas purchases is based on regulatory approvals, impacting revenue recognition[67] Operational Challenges - The impact of the COVID-19 pandemic on financial condition and energy demand is a significant concern for PG&E[17] - The Utility is navigating challenges related to customer demand shifts towards Community Choice Aggregators (CCAs) and direct access providers[17] - The company is subject to various risks, including operational disruptions from cyber or physical attacks, which could impact service reliability[17] Capital Expenditures and Investments - Capital expenditures for the nine months ended September 30, 2021, were $5,468 million, slightly down from $5,475 million in the previous year[38] - Capital expenditures financed through accounts payable totaled $963 million, up from $404 million in the previous period[28] Insurance and Liabilities - The Utility has liability insurance coverage of $430 million for third-party liability related to the Kincade fire, which has been fully recorded as an insurance receivable[169] - PG&E Corporation recorded a liability of $275 million for the 2020 Zogg fire for the year ended December 31, 2020, with an additional charge of $25 million for Q1 2021 and $75 million for Q2 2021, totaling $375 million[178] - The Utility has recorded $430 million for probable insurance recoveries related to the 2019 Kincade fire and $331 million for the 2020 Zogg fire[205] Equity and Shareholder Information - PG&E Corporation established an at-the-market equity distribution program with a gross sales price of up to $400 million for its common stock[106] - As of September 30, 2021, PG&E Corporation had $400 million available under its at-the-market equity distribution program for future offerings[108] - PG&E Corporation's basic EPS for the three months ended September 30, 2021, was $(0.55), compared to $0.04 for the same period in 2020[121]

2021 SECOND QUARTER EARNINGS July 29, 2021 Forward-Looking Statements ® This presentation contains statements regarding management's expectations and objectives for future periods (including key factors affecting 2021 non-GAAP core earnings) as well as forecasts and estimates regarding PG&E Corporation's and Pacific Gas and Electric Company's (the "Utility") 2021 Wildfire Mitigation Plan (WMP), rate base projections, capital expenditure forecasts and regulatory developments. These statements and other state ...

PG&E Corporation (NYSE:PCG) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants Mathew Fallon – Senior Director-Investor Relations Patti Poppe – Chief Executive Officer Chris Foster – Executive Vice President and Chief Financial Officer Conference Call Participants Julien Dumoulin – Bank of America Steve Fleishman – Wolfe Research Jonathan Arnold – Vertical Research Michael Lapides – Goldman Sachs Stephen Byrd – Morgan Stanley Ryan Levine – Citi Operator Ladies and gentlemen, tha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number Exact Name of Registrant as Specified in its Charter State or Other Jurisdiction of Incorporation IRS Employe ...

PG&E Corporation (NYSE:PCG) Q1 2021 Results Conference Call April 29, 2021 11:00 AM ET Company Participants Matt Fallon - Senior Director, IR Patti Poppe - CEO Chris Foster - EVP and CFO Conference Call Participants Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research Ryan Levine - Citi Jonathan Arnold - Vertical Research Stephen Byrd - Morgan Stanley Michael Lapides - Goldman Sachs Paul Fremont - Mizuho Operator Greetings, thank you for standing by, and welcome to the PG&E Corporation F ...

PGGE PG&E Corporation. 2021 FIRST QUARTER EARNINGS April 29, 2021 Forward-Looking Statements ® This presentation contains statements regarding management's expectations and objectives for future periods (including key factors affecting 2021 non-GAAP core earnings) as well as forecasts and estimates regarding PG&E Corporation's and Pacific Gas and Electric Company's (the "Utility") 2021 Wildfire Mitigation Plan (WMP), rate base projections, capital expenditure forecasts and regulatory developments. These sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number Exact Name of Registrant as Specified in its Charter State or Other Jurisdiction of Incorporation IRS Employ ...

PG&E Corporation (NYSE:PCG) Q4 2020 Earnings Conference Call February 25, 2021 11:00 AM ET Company Participants Matt Fallon - Senior Director, IR Patti Poppe - CEO Chris Foster - VP and Interim CFO Conference Call Participants Julien Dumoulin-Smith - Bank of America Merrill Lynch Steve Fleishman - Wolfe Research Ryan Levine - Citi Jonathan Arnold - Vertical Research Michael Lapides - Goldman Sachs Jeremy Tonet - JP Morgan Operator Thank you for standing by and welcome to the PG&E Corporation Fourth Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission File Number Exact Name of Registrant as Specified In ...

PG&E Corporation (NYSE:PCG) Q3 2020 Results Earnings Conference Call October 29, 2020 11:00 AM ET Company Participants Matt Putnam - Senior Director, IR Bill Smith - Interim CEO Chris Foster - VP & Interim CFO John Simon - EVP, General Counsel and Chief Ethics & Compliance Officer Michael Lewis - Interim President of Pacific Gas and Electric Company Robert Kenney - VP of Regulatory and External Affairs. Conference Call Participants Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research Jon ...