PACIFIC GAS & ELECTRIC Co

Defined terms

“2014 LTIP” refers to the PG&E Corporation 2014 Long-Term Incentive Plan.

“2021 LTIP” refers to the PG&E Corporation 2021 Long-Term Incentive Plan.

“2024 Annual Report” refers to the PG&E Corporation and Pacific Gas and Electric Company 2024 Joint Annual Report to Shareholders.

“2025 Annual Meetings” refers to the 2025 annual meetings of shareholders of PG&E Corporation and the Utility, which will be held concurrently on May 22, 2025.

“2025 Proxy Materials” refers to this Proxy Statement, Joint Notice, Proxy Card or Voting Instruction Card, and the 2024 Annual Report.

“401(k) Plan” refers to the PG&E Corporation Retirement Savings Plan or the PG&E Corporation Retirement Savings Plan for Union-Represented Employees.

“AB 1054” refers to California Assembly Bill 1054 relating to California utilities and wildfire protections

“Board” refers to the Board of Directors of either PG&E Corporation or the Utility, as applicable.

“CD&A” refers to the section of the Proxy Statement entitled “Compensation Discussion and Analysis.”

“CEO” refers to the position of Chief Executive Officer of PG&E Corporation.

“CFO” refers to the position of Chief Financial Officer of PG&E Corporation or the Utility, as appropriate.

“COO” refers to the position of Chief Operating Officer of the Utility.

“Chapter 11” refers to Chapter 11 of Title 11 of the U.S. Code.

“Corporation” refers to PG&E Corporation.

“PG&E Corporation Board” refers to the Board of Directors of PG&E Corporation.

“CPUC” refers to the California Public Utilities Commission.

“CPUC-reportable ignition” is a reportable fire incident that meets the following criteria: ignition is associated with a utility’s power lines (either transmission or distribution), something other than a utility’s facilities burned, and the resulting fire travelled more than one meter from the ignition point.

“ERG” refers to Employee Resource Group

“ESG” refers to Environmental, Social, and Governance topics covered in this Proxy Statement.

“EPSS” refers to the Enhanced Powerline Safety Settings, a program to protect public safety by allowing our powerlines to automatically turn off power when a hazard is detected.

“ESPP” refers to the 2025 PG&E Corporation Employee Stock Purchase Plan

“EVP” refers to the position of Executive Vice President.

“GAAP” refers to Generally Accepted Accounting Principles.

“Guidelines” refers to the Corporate Governance Guidelines adopted by the Boards of PG&E Corporation and the Utility.

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“FRA” refers to high fire risk areas

“HFTD” refers to high fire-threat districts

“Independent Auditor” refers to the independent registered public accounting firm.

“Joint Notice” refers to the Joint Notice of Annual Meetings of Shareholders of PG&E Corporation and Pacific Gas and Electric Company.

“LTIP” refers to the 2014 Long-Term Incentive Plan and/or the 2021 Long-Term Incentive Plan.

“NEO” or “Named Executive Officer” refers to an officer who is listed in the Summary Compensation Table of this Proxy Statement.

“Notice of Internet Availability” refers to the “Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on May 22, 2025, and Notice of Annual Meetings of Shareholders” for PG&E Corporation or the Utility, as applicable, which was mailed to certain shareholders starting on or about April 10, 2025.

“NYSE” refers to the New York Stock Exchange.

“PEO” refers to an officer or officers who serve as “principal executive officer” of PG&E Corporation or Pacific Gas and Electric Company, as appropriate.

“PG&E” refers to both PG&E Corporation and its subsidiary, Pacific Gas and Electric Company, or the “Utility.”

“POR OII” refers to the Plan of Reorganization Order Instituting Investigation proceeding initiated by the CPUC on September 26, 2019.

“Proxy” refers to your authorization for another person or persons to vote your shares at the 2025 Annual Meetings, in the manner indicated on the Proxy. It also may refer to the person or persons so authorized (also called proxy holders).

“Proxy Card” refers to your proxy card, on which you may indicate how you would like the named proxy holders to vote your shares at the 2025 Annual Meetings.

“Proxy Statement” refers to this 2025 Joint Proxy Statement for PG&E Corporation and the Utility.

“PSU” refers to a performance share unit (sometimes also called a performance share).

“Record Date” is March 24, 2025. This is the date set by the Boards to determine which shareholders may vote at and attend the 2025 Annual Meetings.

“RSU” refers to restricted stock unit.

“SEC” refers to the United States Securities and Exchange Commission.

“Section 16 Officer” refers to any “officer” as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934.

“STIP” refers to the Short-Term Incentive Plan.

“SVP” refers to the position of Senior Vice President.

“TSR” refers to total shareholder return, measured by stock price appreciation and dividends paid, relative to companies in the Performance Comparator Group.

“Utility” refers to Pacific Gas and Electric Company, a subsidiary of PG&E Corporation.

“Utility Board” refers to the Board of Directors of Pacific Gas and Electric Company.

“Voting Instruction Card” refers to the form used by beneficial shareholders or participants in a 401(k) Plan to transmit instructions to the nominee or the plan trustee, respectively, on how to vote any shares for which that shareholder or plan participant has voting rights.

“VP” refers to the position of Vice President.

“WMP” refers to PG&E’s Wildfire Mitigation Plan.

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