PACIFIC GAS & ELECTRIC Co

Our triple bottom line of People, Planet, and Prosperity is underpinned by our unwavering focus on safety and improving our operational and financial performance. We have set specific goals to reduce wildfire risk, invest in our hometowns, and drive earnings growth.

Wildfire safety

PG&E has taken a stand that catastrophic wildfires shall stop. In 2024, we met or exceeded all 47 of our Wildfire Mitigation Plan (WMP) commitments as we continued to focus on improvements in system hardening, vegetation management, system inspections and monitoring, and modeling capabilities.1

(1) We met four commitments with external factors, which represent reasonable circumstances that may impact execution such as landholder refusals and environmental delays.

PG&E Corporation| Pacific Gas and Electric Company 2025 Joint Proxy Statement 11

We have committed to making a “game-changing” investment in undergrounding power lines as a long-term solution to preventing wildfires. Since 2021 we undergrounded 875 miles. We are continuing our undergrounding in 2025, and with greater efficiencies and forecasted reduction in costs, we are on target to underground 1,000 miles between 2024 and 2026 (in alignment with the funding approved in PG&E’s 2023 General Rate Case). Our work is designed to focus on areas where undergrounding can have the greatest effect on reducing wildfire risk, while also improving reliability for customers.