---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-23-011237"
form_type: "8-K"
ticker: "PCG"
cik: "0001004980"
company_name: "PG&E Corp"
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:22:38.123251+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CPUC PD/APD would grant PG&E 2023 GRC revenue well below request

## Summary
- PD authorizes $13.82B for 2023 vs. $15.41B requested; APD $13.31B. Gap widens in out-years.
- 2024-2026 PD revenue: $14.47B, $14.73B, $14.85B; APD lower at $14.02B, $14.32B, $14.49B.
- PD funds 200 mi underground, 1,800 mi covered conductor; APD 973 mi underground, 1,027 mi covered. Company sought 2,000 mi underground.
- PD rate base: $47.3B (2023) to $54.6B (2026); APD: $46.2B to $53.5B, each subject to ~$1B pending reasonableness review.
- CPUC vote possible Nov 2, 2023; comments due Oct 3, replies Oct 9.

## SEC filing metadata
- accession: 0001387131-23-011237
- form_type: 8-K
- ticker: PCG
- cik: 0001004980
- company_name: PG&E Corp
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004980/000138713123011237/0001387131-23-011237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/75488/000138713123011237/pcg-8k_091323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-011237
- JSON: https://secwatch.observer/filing/0001387131-23-011237.json
- Plain text: https://secwatch.observer/filing/0001387131-23-011237.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.