EQUITY

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

EQUITY

EQUITY

Dividends

Subject to the dividend restrictions as described in Notes 6 and 7 of the Notes to the Consolidated Financial Statements in Item 8 of the 2025 Form 10-K, any decision to declare and pay dividends in the future will be made at the discretion of PG&E Corporation’s and the Utility’s Boards of Directors and will depend on, among other things, results of operations, financial condition, cash requirements, contractual restrictions and other factors that the Boards of Directors may deem relevant.

The following table summarizes the dividends paid or declared by PG&E Corporation and the Utility in 2026:

Security	Amount per Share		Aggregate amount (in millions)		Date of Declaration	Record Date	Payment Date
PG&E Corporation common stock	$	0.05	$	110	December 11, 2025	December 31, 2025	January 15, 2026
	0.05		111		February 19, 2026	March 31, 2026	April 15, 2026
Utility common stock	(1)		625		February 19, 2026	(1)	March 30, 2026
PG&E Corporation mandatory convertible preferred stock	0.75		24		December 11, 2025	February 13, 2026	March 1, 2026
	0.75		24		February 19, 2026	May 15, 2026	June 1, 2026
Utility preferred stock	varies by series		3.5		December 11, 2025	January 30, 2026	February 15, 2026
	varies by series		3.5		February 19, 2026	April 30, 2026	May 15, 2026

(1) PG&E Corporation owns all of the outstanding shares of the Utility’s common stock.