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   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">UNITED STATES</span>
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   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</span>
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   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Washington, D.C. 20549</span>
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  </div><div style="text-align: center;"> <span style="font-family: Times New Roman; font-size: 18.0pt; color: #000000; font-weight: bold;">FORM <ix:nonNumeric contextRef="c0" name="dei:DocumentType">8-K</ix:nonNumeric></span> </div><div>
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   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">CURRENT REPORT</span>
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   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</span>
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  </div><div style="text-align: center;"> <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Date of Report: <ix:nonNumeric contextRef="c0" format="ixt:date-monthname-day-year-en" name="dei:DocumentPeriodEndDate">December 15, 2022</ix:nonNumeric></span> </div><div>
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   <span style="font-family: Times New Roman; font-size: 10.0pt;">(Date of earliest event reported)</span>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Commission File Number</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Exact Name of Registrant</span></div>
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">as specified in its charter</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">State or Other Jurisdiction of Incorporation or Organization</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">IRS Employer Identification Number</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c0" name="dei:EntityFileNumber">001-12609</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c0" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">California</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c0" name="dei:EntityTaxIdentificationNumber">94-3234914</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c1" name="dei:EntityFileNumber">001-02348</ix:nonNumeric>&#160;</span></div>
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<div><ix:nonNumeric contextRef="c1" name="dei:EntityRegistrantName"><span style="font-family: Times New Roman; font-size: 10.0pt; text-transform: uppercase; color: #000000;">Pacific Gas and Electric Company</span></ix:nonNumeric><span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c1" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">California</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c1" name="dei:EntityTaxIdentificationNumber">94-0742640</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><img alt="" src="image1.jpg" style="width: 195.05pt; height: 47.3pt;"/><span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span></div>
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<div style="text-align: center;"><img alt="" src="image2.jpg" style="width: 159.05pt; height: 43.5pt;"/><span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;"><ix:nonNumeric contextRef="c0" name="dei:EntityAddressAddressLine1">77 BEALE STREET</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;"><ix:nonNumeric contextRef="c1" name="dei:EntityAddressAddressLine1">77 BEALE STREET</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;"><ix:nonNumeric contextRef="c0" name="dei:EntityAddressAddressLine2">P.O. BOX 770000</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;"><ix:nonNumeric contextRef="c1" name="dei:EntityAddressAddressLine2">P.O. BOX 770000</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;"><ix:nonNumeric contextRef="c0" name="dei:EntityAddressCityOrTown">SAN FRANCISCO</ix:nonNumeric>, <ix:nonNumeric contextRef="c0" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">California</ix:nonNumeric> <ix:nonNumeric contextRef="c0" name="dei:EntityAddressPostalZipCode">94177</ix:nonNumeric></span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;"><ix:nonNumeric contextRef="c1" name="dei:EntityAddressCityOrTown">SAN FRANCISCO</ix:nonNumeric>, <ix:nonNumeric contextRef="c1" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">California</ix:nonNumeric> <ix:nonNumeric contextRef="c1" name="dei:EntityAddressPostalZipCode">94177</ix:nonNumeric></span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;">(Address of principal executive offices) (Zip Code)</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;">(Address of principal executive offices) (Zip Code)</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">(<ix:nonNumeric contextRef="c0" name="dei:CityAreaCode">415</ix:nonNumeric>) <ix:nonNumeric contextRef="c0" name="dei:LocalPhoneNumber">973-1000</ix:nonNumeric></span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">(<ix:nonNumeric contextRef="c1" name="dei:CityAreaCode">415</ix:nonNumeric>) <ix:nonNumeric contextRef="c1" name="dei:LocalPhoneNumber">973-7000</ix:nonNumeric></span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;">(Registrant</span><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#8217;</span><span style="font-family: Times New Roman; font-size: 10.0pt;">s telephone number, including area code)</span></div>
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<td style="padding: 0; width: 246.95pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;">(Registrant</span><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#8217;</span><span style="font-family: Times New Roman; font-size: 10.0pt;">s telephone number, including area code)</span></div>
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<td style="padding: 0; width: 246.95pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
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   <span style="font-family: Times New Roman; font-size: 10.0pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</span>
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  </div><table style="border-spacing: 0px; border-collapse: collapse; margin-left: 3pt;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 20.15pt; padding-left: 3pt; padding-right: 3pt;"> <div> <ix:nonNumeric contextRef="c0" format="ixt:fixed-true" name="dei:WrittenCommunications"><span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span></ix:nonNumeric><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span> </div> </td> <td style="padding: 0; width: 483.85pt; padding-left: 3pt; padding-right: 3pt;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 20.15pt; padding-left: 3pt; padding-right: 3pt;"> <div> <ix:nonNumeric contextRef="c0" format="ixt:fixed-true" name="dei:SolicitingMaterial"><span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span></ix:nonNumeric><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span> </div> </td> <td style="padding: 0; width: 483.85pt; padding-left: 3pt; padding-right: 3pt;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 20.15pt; padding-left: 3pt; padding-right: 3pt;"> <div> <ix:nonNumeric contextRef="c0" format="ixt:fixed-true" name="dei:PreCommencementTenderOffer"><span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span></ix:nonNumeric><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span> </div> </td> <td style="padding: 0; width: 483.85pt; padding-left: 3pt; padding-right: 3pt;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 20.15pt; padding-left: 3pt; padding-right: 3pt;"> <div> <ix:nonNumeric contextRef="c0" format="ixt:fixed-true" name="dei:PreCommencementIssuerTenderOffer"><span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span></ix:nonNumeric><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span> </div> </td> <td style="padding: 0; width: 483.85pt; padding-left: 3pt; padding-right: 3pt;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span> </div> </td> </tr> </table><div>
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   <span style="font-family: Times New Roman; font-size: 10.0pt;">Securities registered pursuant to Section 12(b) of the Act:</span>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Title of each class</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Trading Symbol(s)</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Name of each exchange</span></div>
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">on which registered</span></div>
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<div><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c2" name="dei:Security12bTitle">Common stock, no par value</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c2" name="dei:TradingSymbol">PCG</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;">The <ix:nonNumeric contextRef="c2" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><ix:nonNumeric contextRef="c3" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">Equity Units</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c3" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCGU</span></ix:nonNumeric></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;">The <ix:nonNumeric contextRef="c3" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric>&#160;</span></div>
</td>
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<tr style="vertical-align: top;">
<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c4" name="dei:Security12bTitle">First preferred stock, cumulative, par value $25 per share, 5% series A redeemable</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c4" name="dei:TradingSymbol">PCG-PE</ix:nonNumeric>&#160;</span></div>
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<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c4" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NYSE American LLC</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><ix:nonNumeric contextRef="c5" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">First preferred stock, cumulative, par value $25 per share, 5% redeemable</span></ix:nonNumeric></div>
</td>
<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c5" name="dei:TradingSymbol">PCG-PD</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 151.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000; padding-left: 1.5pt; padding-right: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c5" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NYSE American LLC</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><ix:nonNumeric contextRef="c6" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">First preferred stock, cumulative, par value $25 per share, 4.80% redeemable</span></ix:nonNumeric></div>
</td>
<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c6" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PG</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 151.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000; padding-left: 1.5pt; padding-right: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c6" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName"><span style="font-family: Times New Roman; font-size: 10.0pt;">NYSE American LLC</span></ix:nonNumeric></div>
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<div><ix:nonNumeric contextRef="c7" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">First preferred stock, cumulative, par value $25 per share, 4.50% redeemable</span></ix:nonNumeric></div>
</td>
<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c7" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PH</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 151.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000; padding-left: 1.5pt; padding-right: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c7" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName"><span style="font-family: Times New Roman; font-size: 10.0pt;">NYSE American LLC</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><ix:nonNumeric contextRef="c8" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">First preferred stock, cumulative, par value $25 per share, 4.36% series A redeemable</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c8" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PI</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 151.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000; padding-left: 1.5pt; padding-right: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c8" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName"><span style="font-family: Times New Roman; font-size: 10.0pt;">NYSE American LLC</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><ix:nonNumeric contextRef="c9" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">First preferred stock, cumulative, par value $25 per share, 6% nonredeemable</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c9" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PA</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 151.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000; padding-left: 1.5pt; padding-right: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c9" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NYSE American LLC</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><ix:nonNumeric contextRef="c10" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c10" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PB</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 151.2pt; border-top: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000; padding-left: 1.5pt; padding-right: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c10" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NYSE American LLC</ix:nonNumeric>&#160;</span></div>
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<td style="padding: 0; width: 277.2pt; border-top: 1.5pt solid #000000; border-bottom: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div><ix:nonNumeric contextRef="c11" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">First preferred stock, cumulative, par value $25 per share, 5% nonredeemable</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 75.6pt; border-top: 1.5pt solid #000000; border-bottom: 1.5pt solid #000000; border-left: 1.5pt solid #000000; padding-left: 1.5pt; vertical-align: bottom;">
<div style="text-align: center;"><ix:nonNumeric contextRef="c11" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PC</span></ix:nonNumeric></div>
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<td style="padding: 0; width: 151.2pt; padding-left: 1.5pt; padding-right: 1.5pt; vertical-align: bottom; border: 1.5pt solid #000000;">
<div style="text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;"><ix:nonNumeric contextRef="c11" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NYSE American LLC</ix:nonNumeric>&#160;</span></div>
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   <span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span>
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   <span style="font-family: Times New Roman; font-size: 10.0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (</span><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#167;</span><span style="font-family: Times New Roman; font-size: 10.0pt;">230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (</span><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#167;</span><span style="font-family: Times New Roman; font-size: 10.0pt;">240.12b-2 of this chapter).</span>
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  </div><table style="border-spacing: 0px; border-collapse: collapse; margin-left: 3pt;"> <tr style="vertical-align: top;"> <td style="padding: 0; width: 120.95pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">Emerging growth company</span> </div> </td> <td style="padding: 0; width: 100.8pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">PG&amp;E Corporation</span> </div> </td> <td style="padding: 0; width: 282.25pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"> <div> <ix:nonNumeric contextRef="c0" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany"><span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span></ix:nonNumeric><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span> </div> </td> </tr> <tr style="vertical-align: top;"> <td style="padding: 0; width: 120.95pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">Emerging growth company</span> </div> </td> <td style="padding: 0; width: 100.8pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"> <div> <span style="font-family: Times New Roman; font-size: 10.0pt;">Pacific Gas and Electric Company</span> </div> </td> <td style="padding: 0; width: 282.25pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"> <div> <ix:nonNumeric contextRef="c1" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany"><span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span></ix:nonNumeric><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span> </div> </td> </tr> </table><div>
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   <span style="font-family: Times New Roman; font-size: 10.0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.</span>
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     <div>
      <span style="font-family: Times New Roman; font-size: 10.0pt;">PG&amp;E Corporation</span>
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      <span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span>
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     <div>
      <span style="font-family: Times New Roman; font-size: 10.0pt;">Pacific Gas and Electric Company</span>
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    <td style="padding: 0; width: 383.05pt; padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
     <div>
      <span style="font-family: Segoe UI Symbol; font-size: 10.0pt; color: #000000;">&#9744;</span>
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   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Item 8.01 Other Events.</span>
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   <span style="font-family: Times New Roman; font-size: 10.0pt; font-weight: bold;">Wildfire Mitigation and Catastrophic Events Costs Recovery Application </span>
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  </div><div style="line-height: 1.26; font-size: 10pt;">&#160;
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  </div><div style="text-indent: 36pt; line-height: 1.26;">
   <span style="font-family: Times New Roman; font-size: 10.0pt;">On December 15, 2022, Pacific Gas and Electric Company (the &#8220;Utility&#8221;), a subsidiary of PG&amp;E Corporation, filed an application with the California Public Utilities Commission (the &#8220;CPUC&#8221;) requesting cost recovery of approximately $1.36 billion of recorded expenditures related to wildfire mitigation, certain catastrophic events, and a number of other activities (the &#8220;2022 WMCE application&#8221;).&#160;&#160;</span>
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  </div><div style="line-height: 1.26; font-size: 10pt;">&#160;
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  </div><div style="text-indent: 36pt; line-height: 1.26;">
   <span style="font-family: Times New Roman; font-size: 10.0pt;">The recorded expenditures consist of $1.2 billion in expenses and $136 million in capital expenditures. The costs addressed in the 2022 WMCE application cover activities during the years 2019 to 2021 and are incremental to those previously authorized in the Utility&#8217;s 2020 General Rate Case (&#8220;GRC&#8221;), and other proceedings.&#160;&#160;The costs addressed in this application reflect costs to: (1) complete wildfire risk mitigation activities in accordance with the Utility&#8217;s annual Wildfire Mitigation Plans; (2) respond to government-declared catastrophic events to repair damaged facilities, restore utility services, and protect the Utility&#8217;s employees and customers; and (3) implement various customer-focused initiatives.&#160;&#160;</span>
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  </div><div style="text-indent: 36pt; line-height: 1.26;">
   <span style="font-family: Times New Roman; font-size: 10.0pt;">The Utility recorded these costs to the memorandum and balancing accounts as set forth in the following table:</span>
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<tr style="vertical-align: top;">
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<div style="line-height: 1.26; text-align: center; font-size: 10pt;">&#160;</div>
</td>
<td style="padding: 0; width: 72pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid black;">
<div style="margin-top: 5pt; line-height: 12pt; text-align: center; font-family: Times New Roman;"><span style="font-size: 10.0pt; color: #000000; font-weight: bold;">Revenue Requirement </span></div>
<div style="margin-top: 5pt; line-height: 12pt; text-align: center; font-family: Times New Roman;"><span style="font-size: 10.0pt;">$ in millions</span></div>
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<div style="line-height: 1.26;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Vegetation Management Balancing Account (VMBA)</span></div>
</td>
<td style="padding: 0; width: 72pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid black;">
<div style="margin-top: 5pt; line-height: 12pt; text-align: center; font-family: Times New Roman;"><span style="font-size: 10.0pt;">$815</span></div>
</td>
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<div style="line-height: 1.26;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Catastrophic Event Memorandum Account (CEMA)</span></div>
</td>
<td style="padding: 0; width: 72pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid black;">
<div style="line-height: 1.26; text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt;">$262</span></div>
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<div style="line-height: 1.26;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Wildfire Mitigation Balancing Account (WMBA)</span></div>
</td>
<td style="padding: 0; width: 72pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid black;">
<div style="line-height: 1.26; text-align: center;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">$101</span></div>
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<div style="line-height: 1.26;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Microgrids Memorandum Account (MGMA)</span></div>
</td>
<td style="padding: 0; width: 72pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid black;">
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report:
December 15, 2022
(Date of earliest event reported)
Commission File Number
Exact Name of Registrant
as specified in its charter
State or Other Jurisdiction of Incorporation or Organization
IRS Employer Identification Number
001-12609
PG&E Corporation
California
94-3234914
001-02348
Pacific Gas and Electric Company
California
94-0742640
77 BEALE STREET
77 BEALE STREET
P.O. BOX 770000
P.O. BOX 770000
SAN FRANCISCO
,
California
94177
SAN FRANCISCO
,
California
94177
(Address of principal executive offices) (Zip Code)
(Address of principal executive offices) (Zip Code)
(
415
)
973-1000
(
415
)
973-7000
(Registrant
'
s telephone number, including area code)
(Registrant
'
s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange
on which registered
Common stock, no par value
PCG
The
New York Stock Exchange
Equity Units
PCGU
The
New York Stock Exchange
First preferred stock, cumulative, par value $25 per share, 5% series A redeemable
PCG-PE
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% redeemable
PCG-PD
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.80% redeemable
PCG-PG
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.50% redeemable
PCG-PH
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.36% series A redeemable
PCG-PI
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 6% nonredeemable
PCG-PA
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable
PCG-PB
NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% nonredeemable
PCG-PC
NYSE American LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (
§
230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (
§
240.12b-2 of this chapter).
Emerging growth company
PG&E Corporation
☐
Emerging growth company
Pacific Gas and Electric Company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
PG&E Corporation
☐
Pacific Gas and Electric Company
☐
Item 8.01 Other Events.
Wildfire Mitigation and Catastrophic Events Costs Recovery Application
On December 15, 2022, Pacific Gas and Electric Company (the "Utility"), a subsidiary of PG&E Corporation, filed an application with the California Public Utilities Commission (the "CPUC") requesting cost recovery of approximately $1.36 billion of recorded expenditures related to wildfire mitigation, certain catastrophic events, and a number of other activities (the "2022 WMCE application").
The recorded expenditures consist of $1.2 billion in expenses and $136 million in capital expenditures. The costs addressed in the 2022 WMCE application cover activities during the years 2019 to 2021 and are incremental to those previously authorized in the Utility's 2020 General Rate Case ("GRC"), and other proceedings.  The costs addressed in this application reflect costs to: (1) complete wildfire risk mitigation activities in accordance with the Utility's annual Wildfire Mitigation Plans; (2) respond to government-declared catastrophic events to repair damaged facilities, restore utility services, and protect the Utility's employees and customers; and (3) implement various customer-focused initiatives.
The Utility recorded these costs to the memorandum and balancing accounts as set forth in the following table:
Revenue Requirement
$ in millions
Vegetation Management Balancing Account (VMBA)
$815
Catastrophic Event Memorandum Account (CEMA)
$262
Wildfire Mitigation Balancing Account (WMBA)
$101
Microgrids Memorandum Account (MGMA)
$89
Other
$26
In connection with the 2022 WMCE application, the Utility also requested interim rate relief of $1.1 billion, to be recovered over 12 months beginning June 1, 2023. The remaining $219 million would be recovered after the CPUC issues a final decision.
The Utility has proposed a schedule that would call for a final decision by the CPUC in December 2023.  The Utility is unable to predict the outcome and timing of the application.
Cautionary Statement Concerning Forward-Looking Statements
This current report on Form 8-K contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and the Utility, including but not limited to the 2022 WMCE application. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include whether the CPUC grants this cost of capital application and the other factors disclosed in PG&E Corporation and the Utility's joint annual report on Form 10-K for the year ended December 31, 2021, their quarterly report on Form 10-Q for the quarter ended September 30, 2022, and other reports filed with the Securities and Exchange Commission ("SEC"), which are available on PG&E Corporation's website at www.pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and the Utility undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.
PG&E CORPORATION
Date: December 15, 2022
By:
/s/ CHRISTOPHER A. FOSTER
Name: Christopher A. Foster
Title: Executive Vice President and Chief Financial Officer
PACIFIC GAS AND ELECTRIC COMPANY
Date: December 15, 2022
By:
/s/ DAVID S. THOMASON
Name: David S. Thomason
Title: Vice President, Chief Financial Officer and Controller