secwatch.observer — SEC 8-K summary
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Issuer:     PG&E Corp (PCG)
CIK:        0001004980
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001387131-23-011237
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004980/000138713123011237/0001387131-23-011237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75488/000138713123011237/pcg-8k_091323.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-011237

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