PG&E Corporation is a holding company whose primary subsidiary, Pacific Gas and Electric Company, is a public utility that generates revenue through the sale and distribution of electricity and natural gas to customers throughout Northern and Central California. The Utility operates under a cost-of-service regulatory model overseen by the California Public Utilities Commission and Federal Energy Regulatory Commission, recovering its operational and capital costs through customer rates while pursuing affordability initiatives for income-qualified customers. The company invests substantially in infrastructure modernization, wildfire mitigation, renewable energy integration, battery storage, and grid resilience, guided by a "Triple Bottom Line" framework that balances operational safety and customer satisfaction, climate resilience and decarbonization, and long-term financial prosperity through disciplined cost management.