PG&E Responds to California Public Utilities Commission’s Draft Resolution to Implement Enhanced Regulatory Oversight - Seite 3

PG&E will respond to the CPUC’s draft resolution within 20 days. The Commission will then vote on the resolution.

We welcome the CPUC’s oversight and expertise as we work collectively to protect our customers, communities, and state from wildfire threats and climate change.

PG&E’s Safety Certification

As noted by the CPUC, the Enhanced Oversight and Enforcement process does not affect PG&E’s receipt of a Safety Certification, which the CPUC’s Wildfire Safety Division issued on January 14, 2021. Separately today, the CPUC issued a resolution that would ratify the Safety Certification, if approved at the CPUC’s April 15 meeting.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com and www.pge.com/news.

Forward-Looking Statement

This press release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E, including but not limited to statements regarding the enhanced oversight and enforcement process, the 2021 WMP, vegetation management work verification, and lean operating system. 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 factors disclosed in PG&E Corporation’s and PG&E’s joint annual report on Form 10-K for the year ended December 31, 2020, and other reports filed with the 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 PG&E 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.