COMPANY RESOLVES CASE AGAINST PACIFIC GAS & ELECTRIC

CALIFORNIA-ENGELS MINING COMPANY

INCORPORATED IN CALIFORNIA, JUNE 19, 1901          

Greenville, California, December 18,2024

"The Company has resolved its case for damages resulting from the Dixie Fire of 2021, California- Engels Mining Company et al. v. Pacific Gas and Electric Company, San Francisco Superior Court Case Number CGC-23607817.  The case has been fully dismissed as to the Company.   The case remains ongoing as to other unrelated parties.  The Company and two other affiliated companies are each entitled to an allocation of settlement trust funds.  The Company share of such funds has not yet been determined and may or may not be material.”