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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

The following tables and supporting narrative contain information regarding Compensation Actually Paid (CAP) to our NEOs and the relationship to company performance.

Pay Versus Performance Tables (PVP)


Corporation PEOs/NEOs (1)
Year	SCT Total for PEO #1 ($)	CAP to PEO #1 ($)	SCT Total for PEO #2 ($)	CAP to PEO #2 ($)	SCT Total for PEO #3 ($)	CAP to PEO #3 ($)	ASCT Total for Non-PEO NEOs ($)(2)	ACAP to Non-PEO NEOs ($)(3)	Value of Initial Fixed $100 Investment Based On:		Net Income ($mm)	Non-GAAP Core EPS ($)(5)
									TSR ($)	Peer Group TSR ($)(4)
(a)	(b)	(c)	(b)	(c)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)
2024	15,823,939	21,556,432	Not an NEO	Not an NEO	Not an NEO	Not an NEO	4,707,164	5,191,697	186	131	2,475	1.36
2023	16,994,840	22,616,942	Not an NEO	Not an NEO	Not an NEO	Not an NEO	3,881,976	2,111,037	166	114	2,242	1.23
2022	14,119,861	27,957,027	Not an NEO	Not an NEO	Not an NEO	Not an NEO	3,249,730	5,861,192	150	121	1,800	1.10
2021(6)	51,235,000	55,442,358	361,605	159,676	Not an NEO	Not an NEO	3,087,062	2,871,276	112	119	(102)	1.00(7)
2020	Not an NEO	Not an NEO	6,174,215	4,651,661	1,755,742	(3,237,850)	3,471,807	2,474,226	115	102	(1,318)	1.61


Utility PEOs/NEOs(1)
Year	SCT Total for PEO #1 ($)	CAP to PEO #1 ($)	SCT Total for PEO #2 ($)	CAP to PEO #2 ($)	SCT Total for PEO #3 ($)	CAP to PEO #3 ($)	SCT Total for PEO #4 ($)	CAP to PEO #4 ($)	SCT Total for PEO #5 ($)	CAP to PEO #5 ($)	SCT Total for PEO #6 ($)	CAP to PEO #6 ($)	ASCT Total for Non-PEO NEOs ($)(2)	ACAP to Non-PEO NEOs ($)(3)	Value of Initial Fixed $100 Investment Based On:			Non-GAAP Core EPS ($)(5)
															TSR ($)	Peer Group TSR ($)(4)
(a)	(b)	(c)	(b)	(c)	(b)	(c)	(b)	(c)	(b)	(c)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)
2024	4,691,181	6,022,186	Not an NEO	Not an NEO	Not an NEO	Not an NEO	3,309,513	4,353,133	5,229,955	6,608,250	Not an NEO	Not an NEO	2,997,875	3,453,143	186	131	2,475	1.36
2023	5,340,021	6,388,002	Not an NEO	Not an NEO	Not an NEO	Not an NEO	3,748,529	4,882,561	5,397,418	6,990,446	296,755	(7,485,884)	1,263,826	(517,761)	166	114	2,242	1.23
2022	Not an NEO	Not an NEO	Not an NEO	Not an NEO	Not an NEO	Not an NEO	3,319,458	4,773,078	4,788,022	7,257,976	4,709,106	7,132,385	2,334,877	3,595,303	150	121	1,800	1.10
2021	1,619,095	1,630,236	Not an NEO	Not an NEO	Not an NEO	Not an NEO	3,074,861	3,147,964	7,484,086	7,525,239	6,508,160	6,875,783	1,503,306	1,434,284	112	119	(102)	1.00(7)
2020	Not an NEO	Not an NEO	2,082,421	1,712,587	3,630,569	3,791,428	Not an NEO	Not an NEO	Not an NEO	Not an NEO	Not an NEO	Not an NEO	1,943,221	2,183,674	115	102	(1,318)	1.61

Legend

1) SCT

–

Summary Compensation Table

3) CAP

–

Compensation Actually Paid

5) TSR

–

Total Shareholder Return

2) ASCT

–

Average Summary Compensation Table

4) ACAP

–

Average Compensation Actually Paid

6) EPS

–

Earnings Per Share

Company Selected Measure Name

Non-GAAP core EPS

Named Executive Officers, Footnote

(1) The following individuals are included as PEOs and the non-PEO NEOs in the tables above.

Year

Corporate PEOs

Utility PEOs

Corporate Non-PEO NEOs

Utility Non-PEO NEOs

2024

#1 - Patricia K. Poppe

#4 - Jason M. Glickman

Carolyn J. Burke

Stephanie N. Williams

#5 - Marlene M. Santos

John R. Simon

Kaled H. Awada

#1 - Sumeet Singh

Ajay Waghray

2023

#1 - Patricia K. Poppe

#4 - Jason M. Glickman

Carolyn J. Burke

Stephanie N. Williams

#5 - Marlene M. Santos

John R. Simon

David S. Thomason

#1 - Sumeet Singh

Christopher A. Foster

Julius Cox

#6 - Adam L. Wright

2022

#1 - Patricia K. Poppe

#4 - Jason M. Glickman

Christopher A. Foster

David S. Thomason

#5 - Marlene M. Santos

John R. Simon

Sumeet Singh

#6 - Adam L. Wright

Julius Cox

2021

#1 - Patricia K. Poppe

#1 - Sumeet Singh

Christopher A. Foster

David S. Thomason

#2 - William L. Smith

#4 - Jason M. Glickman

John R. Simon

James M. Welsch

#5 - Marlene M. Santos

#6 - Adam L. Wright

2020

#2 - William L. Smith

#2 - Michael A. Lewis

Christopher A. Foster

David S. Thomason

#3 - William D. Johnson

#3 - Andrew M. Vesey

John R. Simon

James M. Welsch

Jason P. Wells

Janet C. Loduca

Peer Group Issuers, Footnote

(2) 2023 ASCT Total for Corporate Non-PEO NEOs impacted by the mid-year departure of Christopher A. Foster. 2023 ASCT Total for Utility Non-PEO NEOs impacted by the mid-year departures of David S. Thomason and Julius Cox.

(3) 2023 ACAP to Corporate Non-PEO NEOs impacted by the mid-year departure of Christopher A. Foster. 2023 ACAP to Utility Non-PEO NEOs impacted by the mid-year departures of David S. Thomason and Julius Cox.

(4) Dow Jones Utility Index is used to determine the peer group for TSR purposes in the PVP and is used for purposes of the performance graph in PG&E Corporation’s and the Utility’s Joint Annual Report.

Adjustment To PEO Compensation, Footnote

(8) The following adjustments for the most recent fiscal year were made to the SCT total pay in determining CAP. As described in above in footnote (7), moderate changes were made to 2021 SCT and CAP totals for Ms. Poppe and are included, as applicable, in the table below. No deductions were required in respect of stock options as none were granted and included in the SCT during 2020 – 2024.


			Deductions from SCT Total Pay		Additions to SCT Total Pay
PEO	Year	SCT Total ($)	Amounts Reported in the Summary Compensation Table for Stock Awards ($)	Amounts Reported in the Summary Compensation Table for Pension Value ($)	Fair Value of Equity Awards Calculated in Accordance with Compensation Actually Paid Requirements ($)(a)	Value of Service Cost and Prior Service Cost under the Pension Plans ($)	CAP ($)
Poppe, P	2024	15,823,939	11,723,088	31,770	17,466,255	21,096	21,556,432
	2023	16,994,840	11,750,292	33,718	17,371,069	35,043	22,616,942
	2022	14,119,861	10,069,628	13,269	23,920,063	0	27,957,027
	2021	51,235,000	41,175,002	18,198	45,400,558	0	55,442,358
Singh, S	2024	4,691,181	2,650,459	26,021	4,007,485	0	6,022,186
Glickman, J	2024	3,309,513	1,783,968	20,385	2,830,732	17,241	4,353,133
Santos, M	2024	5,229,955	3,160,150	24,941	4,542,388	20,998	6,608,250
Average for non-PEO Corporate NEOs	2024	4,707,164	2,559,449	604,482	3,517,423	131,041	5,191,697
Average for non-PEO Utility NEOs	2024	2,997,875	1,582,113	22,235	2,039,269	20,347	3,453,143

(a) The following elements comprise the equity fair values included in CAP.


PEO	Year	Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding ($)	Addition of change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding ($)	Addition of change in fair value at vesting date versus prior FY end for awards granted in prior FY that vested during FY ($)	Addition of fair value at vesting date, of equity awards granted during the FY that vested during the FY ($)	Deduction of the fair value at the prior FY end for awards granted in prior FY that failed to meet their vesting conditions ($)	Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation	Total Equity Adjustments Reflected in CAP ($)
Poppe, P	2024	13,955,892	4,447,391	(943,627)	0	0	6,599	17,466,255
	2023	14,764,264	3,214,553	(607,748)	0	0	0	17,371,069
	2022	14,233,562	9,320,800	365,701	0	0	0	23,920,063
	2021	45,400,558	0	0	0	0	0	45,400,558
Singh, S	2024	3,155,271	924,633	(72,929)	0	0	510	4,007,485
Glickman, J	2024	2,123,746	780,120	(76,182)	0	0	3,048	2,830,732
Santos, M	2024	3,762,038	1,159,022	(380,811)	0	0	2,139	4,542,388
Average for non-PEO Corporate NEOs	2024	3,065,827	551,178	(100,268)	0	0	686	3,517,423
Average for non-PEO Utility NEOs	2024	1,892,090	182,578	(35,649)	0	0	249	2,039,269

Non-PEO NEO Average Total Compensation Amount

$ 4,707,164

$ 3,881,976

$ 3,249,730

$ 3,087,062

$ 3,471,807

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,191,697

2,111,037

5,861,192

2,871,276

2,474,226

Adjustment to Non-PEO NEO Compensation Footnote


			Deductions from SCT Total Pay		Additions to SCT Total Pay
PEO	Year	SCT Total ($)	Amounts Reported in the Summary Compensation Table for Stock Awards ($)	Amounts Reported in the Summary Compensation Table for Pension Value ($)	Fair Value of Equity Awards Calculated in Accordance with Compensation Actually Paid Requirements ($)(a)	Value of Service Cost and Prior Service Cost under the Pension Plans ($)	CAP ($)
Poppe, P	2024	15,823,939	11,723,088	31,770	17,466,255	21,096	21,556,432
	2023	16,994,840	11,750,292	33,718	17,371,069	35,043	22,616,942
	2022	14,119,861	10,069,628	13,269	23,920,063	0	27,957,027
	2021	51,235,000	41,175,002	18,198	45,400,558	0	55,442,358
Singh, S	2024	4,691,181	2,650,459	26,021	4,007,485	0	6,022,186
Glickman, J	2024	3,309,513	1,783,968	20,385	2,830,732	17,241	4,353,133
Santos, M	2024	5,229,955	3,160,150	24,941	4,542,388	20,998	6,608,250
Average for non-PEO Corporate NEOs	2024	4,707,164	2,559,449	604,482	3,517,423	131,041	5,191,697
Average for non-PEO Utility NEOs	2024	2,997,875	1,582,113	22,235	2,039,269	20,347	3,453,143

(a) The following elements comprise the equity fair values included in CAP.


PEO	Year	Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding ($)	Addition of change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding ($)	Addition of change in fair value at vesting date versus prior FY end for awards granted in prior FY that vested during FY ($)	Addition of fair value at vesting date, of equity awards granted during the FY that vested during the FY ($)	Deduction of the fair value at the prior FY end for awards granted in prior FY that failed to meet their vesting conditions ($)	Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation	Total Equity Adjustments Reflected in CAP ($)
Poppe, P	2024	13,955,892	4,447,391	(943,627)	0	0	6,599	17,466,255
	2023	14,764,264	3,214,553	(607,748)	0	0	0	17,371,069
	2022	14,233,562	9,320,800	365,701	0	0	0	23,920,063
	2021	45,400,558	0	0	0	0	0	45,400,558
Singh, S	2024	3,155,271	924,633	(72,929)	0	0	510	4,007,485
Glickman, J	2024	2,123,746	780,120	(76,182)	0	0	3,048	2,830,732
Santos, M	2024	3,762,038	1,159,022	(380,811)	0	0	2,139	4,542,388
Average for non-PEO Corporate NEOs	2024	3,065,827	551,178	(100,268)	0	0	686	3,517,423
Average for non-PEO Utility NEOs	2024	1,892,090	182,578	(35,649)	0	0	249	2,039,269

Compensation Actually Paid vs. Total Shareholder Return

The following charts provide a clear, visual comparison, for each of 2024, 2023, 2022, 2021, and 2020, between SCT paid to our PEOs, CAP to our PEOs, the average SCT paid to our non-PEO NEOs, and CAP to our non-PEO NEOs, to PG&E’s TSR and the peer group’s TSR for each of those years. In addition, the charts illustrate how PG&E’s TSR compares to our PVP peer group’s TSR.

Compensation Actually Paid vs. Company Selected Measure

TSR is used as a performance measure in our LTIP program, applicable to PSUs, but the peer group of companies against which LTIP TSR performance is compared and the calculation for determining the LTIP TSR performance score are different than what is shown in the above charts. Additionally, TSR has a 35% weighting in our LTIP and, accordingly, it has limited impact on the CAP. However, as LTIP awards make up a large portion of total compensation, it is a factor that impacts the value of outstanding and vested awards and thereby the CAP.

Our company-selected measure is non-GAAP core EPS, which accounts for 20% of the outcome under our STIP. Given the relatively small weight of this measure in our incentive framework, non-GAAP core EPS has a very limited relationship with CAP. We do not use GAAP net income in our incentive plans, although it is a component of non-GAAP core EPS. Accordingly, net income, like non-GAAP core EPS, has a very limited relationship with CAP. While financial measures are not heavily weighted, PG&E emphasizes many quantifiable non-financial performance measures in our incentive plans, based on operational customer and safety metrics. Details of these can be found in the Compensation Discussion & Analysis.

Total Shareholder Return Vs Peer Group

Tabular List, Table

For the fiscal year ending December 31, 2024, non-GAAP core EPS is the most important financial performance measure in linking CAP to PG&E Corporate and Utility’s performance and is included in the PVP tables. The other two most important measures for PVP purposes consists of the remaining financial measures identified in our Compensation Discussion & Analysis for 2024. The following table lists the collective ‘most important’ financial measures alphabetically.


Tabular List of Most Important Measures
(1) Greater affordability for customers
(2) Non-GAAP Core EPS
(3) Relative TSR

Total Shareholder Return Amount

$ 186

166

150

112

115

Peer Group Total Shareholder Return Amount

131

114

121

119

102

Net Income (Loss)

$ 2,475

$ 2,242

$ 1,800

$ (102)

$ (1,318)

Company Selected Measure Amount

1.36

1.23

1.10

1.00

1.61

Measure:: 1

Pay vs Performance Disclosure

Name

(1) Greater affordability for customers

Non-GAAP Measure Description

(5) Non-GAAP core EPS is identified as our company-selected measure and included in column (i) of both tables. Details of the reconciliation to our audited financial statements can be found in Exhibit A of the Proxy for each respective year.

(6) Due to an administrative error in the 2022 Annual Proxy Statement, which omitted a portion of Ms. Poppe’s relocation costs, Ms. Poppe’s “All Other Compensation” was previously reported as $573,050. Ms. Poppe’s “All Other Compensation” total and SCT total and have been corrected to $609,579 and $51,235,000 respectively. As a result, the 2021 SCT and CAP totals for Ms. Poppe, Corporation PEO #1, were previously reported as 51,198,471 and 55,405,829 respectively and have been updated in the above table to $51,235,000 and $55,442,358 respectively.

(7) Non-GAAP core EPS for the full year 2021 was $1.00 per share on a fully diluted basis and $1.08 using a basic share count. The impact of dilution was $(0.08) per share.

Measure:: 2

Pay vs Performance Disclosure

Name

(2) Non-GAAP Core EPS

Measure:: 3

Pay vs Performance Disclosure

Name

(3) Relative TSR

Adjustment, Stock Awards, Corporate Average [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 2,559,449