●  PG&E Corp · FY 2023 

Controls & Procedures

The company affirmed that its systems for managing and reporting financial data remained robust through year-end 2023. Management concluded that disclosure controls were effective in ensuring timely information was recorded, processed, and reported to the SEC. Crucially, the internal control environment showed stability with no material weaknesses or significant deficiencies identified during the reporting period.

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 Conclusions on Control Effectiveness

Management has concluded that PG&E Corporation’s and The Utility’s disclosure controls and procedures are effective as of December 31, 2023. This conclusion is based on the ability of these controls to ensure that required information is:

  • Recorded, processed, summarized, and reported within specified SEC time periods.
  • Accumulated and communicated timely to management, including principal executive officers and financial officers, allowing for informed disclosure decisions.

Identified Deficiencies and Changes in Controls

Material Weaknesses or Significant Deficiencies

No material weaknesses or significant deficiencies in internal controls over financial reporting were identified or disclosed within the provided text.

Changes During Reporting Period (Noteworthy Finding)

There were no changes to internal control over financial reporting that occurred during the quarter ended December 31, 2023, which materially affected or are reasonably likely to materially affect the company's ICFR. This indicates stability in the current control environment.

Remediation and New Procedures

As no material weaknesses or significant deficiencies were identified, there is no information provided regarding specific remediation efforts or noteworthy new controls introduced during this reporting period.

Overall Assessment

The available documentation presents a strong posture regarding disclosure controls, as management explicitly concluded that these systems are effective in ensuring timely and accurate reporting to the SEC. The absence of reported material weaknesses or significant deficiencies suggests a robust control environment at year-end 2023. Furthermore, the lack of material changes during the quarter indicates consistency and stability in the company's internal controls over financial reporting.