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 2025, we met or exceeded all 551 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) We met two commitments subject to external factors, which are exceptions based on reasonable circumstances that may impact execution such as landholder refusals and environmental delays.

PG&E Corporation| Pacific Gas and Electric Company 2026 Joint Proxy Statement 8

We have committed to making a “game-changing” investment in undergrounding powerlines as a long-term solution to preventing wildfires. Since 2021 we have undergrounded over 1,200 miles. We are continuing our undergrounding in 2026, and with greater efficiencies and forecasted reduction in costs, we are on target to underground nearly 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.