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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">September 6, 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><ix:nonNumeric contextRef="c0" name="dei:EntityRegistrantName"><span style="font-family: Times New Roman; font-size: 10.0pt; text-transform: uppercase; color: #000000;">PG&amp;E Corporation</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:EntityAddressStateOrProvince"><ix:nonNumeric contextRef="c1" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode"><ix:nonNumeric contextRef="c0" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">California</ix:nonNumeric></ix:nonNumeric></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;">California&#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>, California <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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<div style="font-size: 10pt;">&#160;</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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<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; 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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<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="c2" name="dei:Security12bTitle">Common stock, no par value</ix:nonNumeric>&#160;</span></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="c2" name="dei:TradingSymbol">PCG</ix:nonNumeric>&#160;</span></div>
</td>
<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;">The <ix:nonNumeric contextRef="c2" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric>&#160;</span></div>
</td>
</tr>
<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><ix:nonNumeric contextRef="c3" name="dei:Security12bTitle"><span style="font-family: Times New Roman; font-size: 10.0pt;">Equity Units</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="c3" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCGU</span></ix:nonNumeric></div>
</td>
<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;">The <ix:nonNumeric contextRef="c3" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric>&#160;</span></div>
</td>
</tr>
<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>
</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="c4" name="dei:TradingSymbol">PCG-PE</ix:nonNumeric>&#160;</span></div>
</td>
<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="c4" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">NYSE American LLC</ix:nonNumeric>&#160;</span></div>
</td>
</tr>
<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><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>
</td>
<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>
</td>
</tr>
<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><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>
</td>
<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>
</td>
</tr>
<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><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>
</td>
<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>
</td>
</tr>
<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><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>
</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="c8" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PI</span></ix:nonNumeric></div>
</td>
<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>
</td>
</tr>
<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><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>
</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="c9" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PA</span></ix:nonNumeric></div>
</td>
<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>
</td>
</tr>
<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><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>
</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="c10" name="dei:TradingSymbol"><span style="font-family: Times New Roman; font-size: 10.0pt;">PCG-PB</span></ix:nonNumeric></div>
</td>
<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>
</td>
</tr>
<tr style="vertical-align: top;">
<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>
</td>
<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>
</td>
<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>
</td>
</tr>
</table><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span>
  </div><div>
  </div><div>
   <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>
  </div><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span>
  </div><div>
  </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>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span>
  </div><div>
  </div><div>
   <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><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span>
  </div><div>
  </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;">PG&amp;E Corporation</span>
     </div>
    </td>
    <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>
     </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;">Pacific Gas and Electric Company</span>
     </div>
    </td>
    <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>
     </div>
    </td>
   </tr>
  </table><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span>
  </div><div>
  </div><div>&#160;
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   <span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">&#160;</span>
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  </div><div class="footer" style="page-break-after: always;">
    <hr/>

  </div><div>
  </div><div><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000; font-weight: bold;">Item 8.01 Other Events.</span></div><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt; font-weight: bold; font-style: italic;">2023 GRC Update Testimony</span>
  </div><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt;">&#160;</span>
  </div><div>
  </div><div><a id="_Hlk46921970"></a><span style="font-family: Times New Roman; font-size: 10.0pt;">On September 6, 2022, Pacific Gas and Electric Company (the &#8220;Utility&#8221;), a subsidiary of PG&amp;E Corporation, submitted testimony updating the revenue requirement request in its 2023 General Rate Case (&#8220;GRC&#8221;) proceeding (the &#8220;Update Testimony&#8221;). As permitted by the California Public Utilities Commission&#8217;s rate case plan, the Update Testimony reflects updates for escalation rates and federal tax law and guidance since the filing of the Utility&#8217;s original 2023 GRC application in June 2021. </span></div><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt;">The table below shows the drivers for the increases from the revenue requirement requests in the March 10, 2022 amended GRC application (the &#8220;Amended Application&#8221;) as compared to the Update Testimony for each of the 2023 test year and 2024, 2025, and 2026 attrition years.</span>
  </div><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><table style="width: 98%; border-spacing: 0px; border-collapse: collapse; height: 166px;">

<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 35.0565%; height: 18px; border: 1pt solid #8eaadb;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">(in millions)</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2023</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2024</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2025</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; height: 18px; border: 1pt solid #8eaadb;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2026</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Amended Application Revenue Requirement Request </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">15,339</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">16,357</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">17,113</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">17,674</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 35.0565%; height: 18px; border: 1pt solid #8eaadb;">
<div style="margin-left: 36pt;"><span style="font-family: Times New Roman; font-size: 10.0pt; font-weight: normal;">Capital Escalation Update</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">159</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">369</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">584</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; height: 18px; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">785</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px; background-color: #bbd6fc;">
<div style="margin-left: 36pt;"><span style="font-family: Times New Roman; font-size: 10.0pt; font-weight: normal;">Expense Escalation Update</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">641</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">453</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">332</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">256</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 35.0565%; height: 18px; border: 1pt solid #8eaadb;">
<div style="margin-left: 36pt;"><span style="font-family: Times New Roman; font-size: 10.0pt; font-weight: normal;">Federal Tax Law and Guidance Updates</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 19px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">35</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 19px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">44</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 19px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">55</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; height: 18px; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">50</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px; background-color: #bbd6fc;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Increase in Revenue Requirement Request </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border-width: 1.5pt 1pt 1pt; border-style: solid; border-color: black #8eaadb #8eaadb; height: 19px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">835</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border-width: 1.5pt 1pt 1pt; border-style: solid; border-color: black #8eaadb #8eaadb; height: 19px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">866</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border-width: 1.5pt 1pt 1pt; border-style: solid; border-color: black #8eaadb #8eaadb; height: 19px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">971</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border-width: 1.5pt 1pt 1pt; border-style: solid; border-color: black #8eaadb #8eaadb; height: 19px; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">1,090</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 35.0565%; height: 18px; border: 1pt solid #8eaadb;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Update Testimony Revenue Requirement Request </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">16,175</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">17,223</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; border: 1pt solid #8eaadb; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">18,083</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 11.4701%; height: 18px; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">18,764</span></div>
</td>
</tr>

</table><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt;">The table below shows the increase in revenue requirement requests relative to the prior year, for each of the 2023 test year and 2024, 2025, and 2026 attrition years, as reflected in the Amended Application and the Update Testimony, except that the revenue requirement request for 2023 is compared to the adopted 2022 revenue requirement.</span>
  </div><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><table style="width: 98%; border-spacing: 0px; border-collapse: collapse; height: 148px;">

<tr style="height: 0px; font-size: 0px;">
<td style="width: 137.617px; height: 18px;">&#160;</td>
<td style="width: 185.609px; height: 18px;">&#160;</td>
<td style="width: 81.4531px; height: 18px;">&#160;</td>
<td style="width: 69.4688px; height: 18px;">&#160;</td>
<td style="width: 69.4688px; height: 18px;">&#160;</td>
<td style="width: 69.3828px; height: 18px;">&#160;</td>
</tr>
<tr style="vertical-align: top; height: 16.65pt;">
<td colspan="2" style="padding: 0px 5.4pt; height: 20px; width: 313.672px; border: 1pt solid #8eaadb;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">(in millions)</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 68.7344px; border: 1pt solid #8eaadb; height: 20px;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2023</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; border: 1pt solid #8eaadb; height: 20px;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2024</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; border: 1pt solid #8eaadb; height: 20px;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2025</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.8281px; height: 20px; border: 1pt solid #8eaadb;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2026</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td rowspan="2" style="padding: 0px 5.4pt; width: 125.062px; background-color: #bbd6fc; height: 55px; border: 1pt solid #8eaadb;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Amended Application</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 172.891px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Revenue Requirement Request </span></td>
<td style="padding: 0px 5.4pt; width: 68.7344px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">15,339</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">16,357</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">17,113</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.8281px; background-color: #bbd6fc; height: 18px; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">17,674</span></div>
</td>
</tr>
<tr style="vertical-align: top; height: 27.2pt;">
<td style="padding: 0px 5.4pt; width: 172.891px; border-top: 1pt solid #8eaadb; border-bottom: 1pt solid #8eaadb; border-right: 1pt solid #8eaadb; height: 37px;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">Year-Over-Year Increase in Revenue Requirement Request </span></td>
<td style="padding: 0px 5.4pt; width: 68.7344px; vertical-align: middle; border: 1pt solid #8eaadb; height: 37px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">3,125</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; vertical-align: middle; border: 1pt solid #8eaadb; height: 37px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">1,018 </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; vertical-align: middle; border: 1pt solid #8eaadb; height: 37px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">756 </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.8281px; height: 37px; vertical-align: middle; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">561 </span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td rowspan="2" style="padding: 0px 5.4pt; width: 125.062px; background-color: #bbd6fc; height: 55px; border: 1pt solid #8eaadb;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Update Testimony</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 172.891px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Revenue Requirement Request </span></td>
<td style="padding: 0px 5.4pt; width: 68.7344px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">16,175</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">17,223</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; border: 1pt solid #8eaadb; background-color: #bbd6fc; height: 18px;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">18,083</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.8281px; background-color: #bbd6fc; height: 18px; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">18,764</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 172.891px; border-top: 1pt solid #8eaadb; border-bottom: 1pt solid #8eaadb; border-right: 1pt solid #8eaadb; height: 37px; vertical-align: middle;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">Year-Over-Year Increase in Revenue Requirement Request </span></td>
<td style="padding: 0px 5.4pt; width: 68.7344px; height: 37px; vertical-align: middle; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">3,961 </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; height: 37px; vertical-align: middle; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">1,048 </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.75px; height: 37px; vertical-align: middle; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">860 </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 56.8281px; height: 37px; vertical-align: middle; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">680</span></div>
</td>
</tr>

</table><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><div>
   <span style="font-family: Times New Roman; font-size: 10.0pt;">The table below compares the rate base requests in the Amended Application and the Update Testimony for each of the 2023 test year and 2024, 2025, and 2026 attrition years.</span>
  </div><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><table style="width: 98%; border-spacing: 0px; border-collapse: collapse;">

<tr style="vertical-align: top;">
<td style="padding: 0; width: 256.35pt; border-top: 1pt solid #8EAADB; border-bottom: 1pt solid #8EAADB; border-left: 1pt solid #8eaadb; border-right: 1pt solid #8EAADB; padding-left: 5.4pt; padding-right: 5.4pt;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">($ million)</span></div>
</td>
<td style="padding: 0; width: 61.9pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid #8EAADB;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">2023</span></div>
</td>
<td style="padding: 0; width: 61.9pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid #8EAADB;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">2024</span></div>
</td>
<td style="padding: 0; width: 61.9pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid #8EAADB;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">2025</span></div>
</td>
<td style="padding: 0; width: 61.95pt; border-top: 1pt solid #8EAADB; border-bottom: 1pt solid #8EAADB; border-left: 1pt solid #8EAADB; border-right: 1pt solid #8eaadb; padding-left: 5.4pt; padding-right: 5.4pt;">
<div style="text-align: center; font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">2026</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 256.35pt; background-color: #bbd6fc; border: 1pt solid #8eaadb;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">Amended Application Rate Base Request </span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.9pt; border: 1pt solid #8eaadb; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">49,179</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.9pt; border: 1pt solid #8eaadb; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">53,835</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.9pt; border: 1pt solid #8eaadb; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">58,226</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.95pt; background-color: #bbd6fc; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">62,760</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0; width: 256.35pt; border-top: 1pt solid #8EAADB; border-bottom: 1pt solid #8EAADB; border-left: 1pt solid #8eaadb; border-right: 1pt solid #8EAADB; padding-left: 5.4pt; padding-right: 5.4pt;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt;">Increase in Rate Base Request </span></div>
</td>
<td style="padding: 0; width: 61.9pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid #8EAADB;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">1,698</span></div>
</td>
<td style="padding: 0; width: 61.9pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid #8EAADB;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">2,972</span></div>
</td>
<td style="padding: 0; width: 61.9pt; padding-left: 5.4pt; padding-right: 5.4pt; border: 1pt solid #8EAADB;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">4,284</span></div>
</td>
<td style="padding: 0; width: 61.95pt; border-top: 1pt solid #8EAADB; border-bottom: 1pt solid #8EAADB; border-left: 1pt solid #8EAADB; border-right: 1pt solid #8eaadb; padding-left: 5.4pt; padding-right: 5.4pt;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt;">5,396</span></div>
</td>
</tr>
<tr style="vertical-align: top;">
<td style="padding: 0px 5.4pt; width: 256.35pt; background-color: #bbd6fc; border: 1pt solid #8eaadb;">
<div style="font-weight: bold;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">Update Testimony Rate Base Request</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.9pt; border: 1pt solid #8eaadb; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">50,876</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.9pt; border: 1pt solid #8eaadb; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">56,807</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.9pt; border: 1pt solid #8eaadb; background-color: #bbd6fc;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">62,510</span></div>
</td>
<td style="padding: 0px 5.4pt; width: 61.95pt; background-color: #bbd6fc; border: 1pt solid #8eaadb;">
<div style="text-align: right;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">68,156</span></div>
</td>
</tr>

</table><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><div><span style="font-family: Times New Roman; font-size: 10.0pt;">Amounts may not sum due to rounding.</span></div><div>
</div><div>&#160;</div><div>
</div><div>
<div><span style="font-family: Times New Roman; font-size: 10.0pt; font-weight: bold; font-style: italic;">Risk Factors</span></div>
<div>&#160;</div>
<div>
<div>
<div>
<div>
<div style="line-height: 1.26;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">With this Current Report on Form 8-K, PG&amp;E Corporation and the Utility supplement the risk factors set forth in Item 1A of their joint Annual Report on Form 10-K for the year ended December 31, 2021, with the following risk factor, which should be read in conjunction with the risk factors set forth in the Annual Report on Form 10-K and the joint Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.</span></div>
<div style="line-height: 1.26;">&#160;</div>
<div style="line-height: 1.26;">
<div style="line-height: 1.26;">
<div style="line-height: 1.26;">
<div><span style="font-family: Times New Roman; font-size: 10.0pt; font-weight: bold; font-style: italic;">Inflation may negatively impact PG&amp;E Corporation&#8217;s and the Utility&#8217;s financial conditions, results of operations, liquidity, and cash flows.</span></div>
<div>&#160;</div>
<div>
<div style="line-height: 1.26;"><span style="font-family: Times New Roman; font-size: 10.0pt; color: #000000;">PG&amp;E Corporation and the Utility have observed that prices for equipment, materials, supplies, employee labor, contractor services, and variable-rate debt have increased. Long-term inflationary pressures may result in such prices continuing to increase more quickly than expected. Increases in inflation raises costs for labor, materials and services, and PG&amp;E Corporation and the Utility may be unable to secure these resources on economically acceptable terms or offset such costs with increased revenues, operating efficiencies, or cost savings, which may adversely impact PG&amp;E Corporation&#8217;s and the Utility&#8217;s financial condition, results of operation, liquidity, and cash flows. </span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><p>&#160;</p><div>

</div><div>&#160;</div><div>


</div><div>&#160;</div><div>

  </div><div style="font-size: 10pt;">&#160;
  </div><div>
  </div><p>&#160;</p><div>

</div><p>&#160;</p><div>
  </div><div style="line-height: 1.26; font-size: 10pt;">&#160;
  </div><div>

  </div><div style="line-height: 1.26; font-size: 10pt;">&#160;
  </div><div>
  </div><p>&#160;</p><div>

  </div><div style="line-height: 1.26;">
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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:
September 6, 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.
2023 GRC Update Testimony
On September 6, 2022, Pacific Gas and Electric Company (the "Utility"), a subsidiary of PG&E Corporation, submitted testimony updating the revenue requirement request in its 2023 General Rate Case ("GRC") proceeding (the "Update Testimony"). As permitted by the California Public Utilities Commission's rate case plan, the Update Testimony reflects updates for escalation rates and federal tax law and guidance since the filing of the Utility's original 2023 GRC application in June 2021.
The table below shows the drivers for the increases from the revenue requirement requests in the March 10, 2022 amended GRC application (the "Amended Application") as compared to the Update Testimony for each of the 2023 test year and 2024, 2025, and 2026 attrition years.
(in millions)
2023
2024
2025
2026
Amended Application Revenue Requirement Request
15,339
16,357
17,113
17,674
Capital Escalation Update
159
369
584
785
Expense Escalation Update
641
453
332
256
Federal Tax Law and Guidance Updates
35
44
55
50
Increase in Revenue Requirement Request
835
866
971
1,090
Update Testimony Revenue Requirement Request
16,175
17,223
18,083
18,764
The table below shows the increase in revenue requirement requests relative to the prior year, for each of the 2023 test year and 2024, 2025, and 2026 attrition years, as reflected in the Amended Application and the Update Testimony, except that the revenue requirement request for 2023 is compared to the adopted 2022 revenue requirement.
(in millions)
2023
2024
2025
2026
Amended Application
Revenue Requirement Request
15,339
16,357
17,113
17,674
Year-Over-Year Increase in Revenue Requirement Request
3,125
1,018
756
561
Update Testimony
Revenue Requirement Request
16,175
17,223
18,083
18,764
Year-Over-Year Increase in Revenue Requirement Request
3,961
1,048
860
680
The table below compares the rate base requests in the Amended Application and the Update Testimony for each of the 2023 test year and 2024, 2025, and 2026 attrition years.
($ million)
2023
2024
2025
2026
Amended Application Rate Base Request
49,179
53,835
58,226
62,760
Increase in Rate Base Request
1,698
2,972
4,284
5,396
Update Testimony Rate Base Request
50,876
56,807
62,510
68,156
Amounts may not sum due to rounding.
Risk Factors
With this Current Report on Form 8-K, PG&E Corporation and the Utility supplement the risk factors set forth in Item 1A of their joint Annual Report on Form 10-K for the year ended December 31, 2021, with the following risk factor, which should be read in conjunction with the risk factors set forth in the Annual Report on Form 10-K and the joint Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Inflation may negatively impact PG&E Corporation's and the Utility's financial conditions, results of operations, liquidity, and cash flows.
PG&E Corporation and the Utility have observed that prices for equipment, materials, supplies, employee labor, contractor services, and variable-rate debt have increased. Long-term inflationary pressures may result in such prices continuing to increase more quickly than expected. Increases in inflation raises costs for labor, materials and services, and PG&E Corporation and the Utility may be unable to secure these resources on economically acceptable terms or offset such costs with increased revenues, operating efficiencies, or cost savings, which may adversely impact PG&E Corporation's and the Utility's financial condition, results of operation, liquidity, and cash flows.
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: September 6, 2022
By:
/s/ CHRISTOPHER A. FOSTER
Name: Christopher A. Foster
Title: Executive Vice President and Chief Financial Officer
PACIFIC GAS AND ELECTRIC COMPANY
Date: September 6, 2022
By:
/s/ DAVID S. THOMASON
Name: David S. Thomason
Title: Vice President, Chief Financial Officer and Controller