●  PG&E Corp · FY 2021 

Controls & Procedures

PG&E Corporation affirmed that its disclosure controls and internal controls over financial reporting were effective as of December 31, 2021. The company reported no material weaknesses or significant deficiencies in these processes during the period reviewed. This affirmation indicates a stable and robust control environment governing how required information is recorded, processed, and communicated to management.

PCG L1 Synthesis
●  SYMBOLOGY.ONLINE l1 SYNTHESIS 

Pg&e Corp Controls & Procedures Synthesis

Summary of Disclosure Controls and Internal Controls over Financial Reporting (ICFR)

Management's Assessment of Control Effectiveness

Conclusion on Disclosure Controls

Management has concluded that PG&E Corporation’s and the Utility’s disclosure controls and procedures are effective as of December 31, 2021. This conclusion confirms that the controls ensure required information is:

  • Recorded, processed, summarized, and reported within specified SEC time periods.
  • Accumulated and communicated to management (including principal executive and financial officers) to allow for timely disclosure decisions.
Identified Weaknesses and Deficiencies

The provided filing excerpt does not identify any material weaknesses or significant deficiencies in the company's internal controls over financial reporting.

Changes and Remediation Efforts

Stability of Internal Controls

A key finding is the stability of the control environment during the reporting period. The company reported that there were no changes to internal control over financial reporting that occurred during the quarter ended December 31, 2021, which materially affected or are reasonably likely to materially affect the controls.

Remediation Efforts

Since no weaknesses or deficiencies were identified in this section of the filing, no remediation efforts are noted.

Noteworthy Observations and Strengths

  • Strength: Management explicitly affirmed the effectiveness of both disclosure controls and ICFR, indicating a robust control environment at year-end 2021.
  • Noteworthiness (Stability): The absence of material changes in internal controls suggests operational consistency and stability within the financial reporting processes during the period reviewed.

Note: This analysis is based solely on the provided text and does not include details regarding specific control procedures or inherent risks, as those elements were not present in the excerpt.