Pacific Gas & Electric — PG&E Corp (PCG, PCG-PA, PCG-PB, PCG-PC, PCG-PD, PCG-PE, PCG-PG, PCG-PH, PCG-PI) — Merger or Acquisition (September 2022)

4 slides from Pacific Gas & Electric's merger presentation, Sep 28, 2022

Slide 1: Potential Sale of Minority Interest in Non-Nuclear Generation Subsidiary
(f PG&E Corporation Potential Sale of Minority Interest In Non-Nuclear Generation Subsidiary September 2022
Slide 2: Highlights of Generation Transaction
tion ghlights of G PG&E seeking regulatory approval to market for sale up to 49.9% ownership stake in new non-nuclear generation subsidiary called Pacific Generation LLC (“Pacific Generation”) New subsidiary to be CPUC-regulated utility Clean, flexible generation remains dedicated to PG&E customers
Slide 3: Corporate Structure and Return; Transaction Timeline
2023 Rate Base (") ~$3.5B Hydro BB 2,700 mw Battery and Pumped Storage 1,350 MW P Corporate Structure and Retum + Pacific Generation will be a stand-alone PG&E subsidiary with separate management and Board = Revenue requirement would be set through the GRC and cost of capital proceedings, essentiall
Slide 4: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and PG&E, including but not limited to the proposed sale of a minority owne