Message from the Chief Sustainability Officer

To Our Stakeholders:

This year’s report chronicles our journey to build a clean and resilient energy future for all—and I’m more optimistic than ever given the collective progress we are making.

Across our energy system, we’re innovating in new and exciting ways to build resilience and chart the course to net-zero in 2040.

We’re pioneering new vehicle-to-grid programs to unleash the full potential of electric vehicles and add grid resilience. We’re deploying new building electrification strategies for customers, including a zonal electrification equity program. And we’re working to drive carbon and energy cost reductions through what we call beneficial load growth—growing electricity demand that will help to reduce overall system costs for our customers in the long run.

As we do this work, PG&E is committed to stabilizing energy bills for our customers. In May, we submitted our cost proposal for 2027 through 2030 to California regulators, also known as our General Rate Case. The proposal includes our smallest General Rate Case percentage increase request in a decade.

We continue to put our customers at the heart of our strategy and are excited about co-creating a more sustainable future together.

In that spirit, all of us at PG&E welcome your feedback on this report and our performance, and we thank you for your ongoing engagement in making sustainability a cornerstone of our business.

Sincerely,

Carla Peterman

Executive Vice President, Corporate Affairs and Chief Sustainability Officer

PG&E Corporation