PG&E wildfire liabilities jump $575M; new Continuation Account mechanism disclosed

Filed April 23, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~2 min read

Key Changes

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  Wildfire liability estimates increased $575 million: Dixie fire up $225M to $2.15B, Mosquito fire quadrupled to $400M from $100M, Kincade fire up $50M to $1.325B. Company recorded $636M regulatory recovery receivable for Dixie fire subject to untested prudency review.

  MD&A: Wildfire Liabilities verify on EDGAR →
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  New Continuation Account disclosure introduces successor wildfire cost recovery mechanism under SB 254, contingent on administrator determination, CPUC authorization, and potential additional utility contributions. Timing and structure remain uncertain.

  MD&A: Legislative Initiatives verify on EDGAR →
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  SCE's $1.1B Eaton fire losses with only $134M Wildfire Fund recovery signals faster-than-expected fund depletion. PG&E maintains 20-year amortization assumption but now expects to 're-evaluate' based on new information, recording $27M accelerated amortization.

  MD&A: Wildfire Fund verify on EDGAR →