GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA Reconciliation PG&E Corporation Year EndedDecember 31, (in millions) 2022 2021 PG&E Corporation's Net Income (Loss) on a GAAP basis 1,814 (88) Income tax provision (benefit) (1,338) 836 Other income, net (394) (457) Interest expense 1,917 1,601 Interest income (162) (20) Reorganization items, net - 11 Operating Income 1,837 1,883 Depreciation, amortization, and decommissioning 3,856 3,403 Wildfire Fund expense 477 517 Wildfire-related costs, net of insurance 334 202 Prior period net regulatory impact (16) 257 Investigation remedies 120 171 Fire Victim Trust tax benefit net of securitization 627 - Strategic repositioning costs 90 - PG&E Corporation's Non-GAAP Adjusted EBITDA 7,325 6,433 1. Amounts may not sum due to rounding. “Non-GAAP Adjusted EBITDA” is a non-GAAP financial measure. 2. 2021 and 2022 Non-GAAP Adjusted EBITDA differs from what was reported on February 23, 2023 (removed Bankruptcy and legal costs from the calculation).

GAAP Net Income to Non-GAAP Adjusted EBITDA Reconciliation PG&E Corporation Year to Date, 2023 vs. 2022 1. Amounts may not sum due to rounding. “Non-GAAP Adjusted EBITDA” is a non-GAAP financial measure. 2. 2022 and 2023 Non-GAAP Adjusted EBITDA differs from what was reported on May 4, 2023 (removed Bankruptcy and legal costs from the calculation). Three Months EndedMarch 31, (in millions) 2023 2022 PG&E Corporation's Net Income on a GAAP basis 572 478 Income tax benefit (348) (204) Other income, net (85) (149) Interest expense 602 419 Interest income (112) (8) Operating Income 629 536 Depreciation, amortization, and decommissioning 1,077 972 Wildfire Fund expense 117 118 Fire Victim Trust tax benefit net of securitization 253 - Investigation remedies 21 94 Prior period net regulatory impact (8) 63 Strategic repositioning costs 2 - Wildfire-related costs, net of insurance 13 73 PG&E Corporation's Non-GAAP Adjusted EBITDA 2,104 1,856