●  PG&E Corp · FY 2022 

Controls & Procedures

PG&E Corporation has concluded that its disclosure controls and procedures are effective, ensuring required information is accurately recorded, processed, summarized, and communicated to management for timely decision-making. Furthermore, no material weaknesses or significant deficiencies were identified in the company's internal controls during the reporting period ending December 31, 2022. This assessment confirms a stable control framework designed to meet regulatory requirements.

PCG L1 Synthesis
●  SYMBOLOGY.ONLINE l1 SYNTHESIS 

Pg&e Corp Controls & Procedures Synthesis

Internal Controls and Procedures Assessment (PG&E Corp)

Management's Conclusions on Control Effectiveness

The company has concluded that its controls are effective in meeting regulatory requirements, representing a key strength of the current control environment.

Disclosure Controls and Procedures
  • Conclusion: PG&E Corporation and The Utility’s principal executive officers and financial officers have concluded that their disclosure controls and procedures are effective.
  • Evidence/Scope: These controls ensure that required information is (i) recorded, processed, summarized, and reported within specified SEC time periods, and (ii) accumulated and communicated to management for timely decision-making regarding disclosures.
Internal Control over Financial Reporting (ICFR)
  • Status: Management has prepared an annual report on ICFR, which is audited by Deloitte & Touche LLP based on the COSO Integrated Framework (2013).
  • Assessment: While the text confirms that management's report exists and is subject to independent audit, it does not provide a specific conclusion of effectiveness for the ICFR itself within this excerpt.

Identified Deficiencies and Weaknesses

Based solely on the provided document, no material weaknesses or significant deficiencies in internal controls were identified by management or the independent auditor.

Changes and Remediation Efforts

The reporting period was characterized by stability regarding the company's control framework.

Changes to Internal Controls
  • Observation: There were no changes in internal control over financial reporting during the quarter ended December 31, 2022.
  • Impact: These non-changes were determined not to have materially affected, or be reasonably likely to materially affect, PG&E Corporation's or The Utility’s ICFR.
Remediation and New Controls
  • No remediation efforts for identified issues are necessary as no material weaknesses or significant deficiencies were noted.
  • The document does not introduce any noteworthy new controls or procedures during the reporting period.