Pacific Gas & Electric Co. · NYSE:PCG

Pacific Gas & Electric — PG&E Corp (PCG, PCG-PA, PCG-PB, PCG-PC, PCG-PD, PCG-PE, PCG-PG, PCG-PH, PCG-PI) — Investor Presentation (February 2017)

14 slides from Pacific Gas & Electric's investor presentation, Feb 24, 2017

1. Slide 1: Tony Earley, Chairman, CEO and President

   Exhibit 99 TONY EARLEY Chairman, February 27, CEO, 2017and President

2. Slide 2: Forward-Looking Statements and Non-GAAP Measures

   Forward Statements and Corporation be communications debarment relating Utility departing widespread timing changes government; the This PG&E Exchange 2Corporation’s opened; improper, amount timing outcomes Utility’s scope impact outcome other dividend opinions. presentation is of Corporation to in

3. Slide 3: About PG&E

   About PG&E and more 23,000 employees ~$32.4 billion electric 3of ratebase clean than PG&E isgeneration MWh electric 7,700 focused energy 5.3 customers capacity of 69%~$17.7 million gas to on owned nearly delivered providing distributionsquare bundled customersservice 4.4 GHG-free 16 million70,000 mi

4. Slide 4: Safety Strong and Leadership

   Safety Strong and Leadership Significant utility experience the executive 4Demonstrated Board Financial leadership Forms Operational team and onDeveloped Transparency Results commitment our public dashboard performancespeak-up industry-leading Foundation safety 50% to IncentivesCulture tocompensatio

5. Slide 5: Unwavering commitment to customer satisfaction

   Customer J.D. 800 2nd 1st Gas 750 4th Electric 700 2011 600 650 5Unwavering Quartile Quartile Quartile 2nd Residential Power 20122013201420152016 Business Residential Quartile Satisfaction Survey commitment Results, Continues to2011-2016 customer to Improve satisfaction Gas Business

6. Slide 6: Key Theme 1: PG&E Focused on Sustainability

   K E Yrooftop Nearly Energy [Graphic 36% 69% PG&E >280,000 vehicles Ranked 6U.S. SCustomers is 2x Than #1 TAppears Focused solar More savings Rwith solar EThe N customers ~25% Carbon GU.S. Here] on Lead T allSustainability HAverage of U.S. the Free #all 1 Nation More :vehicles and ORanked in NRenewab

7. Slide 7: Key Theme 2: Constructive Regulatory Framework

   K E Y SHas PG&E Revenues Balancing 7PG&E’s T industry-leading decoupled accounts RConstructive E N G reduce Tfrom H #Regulatory risk 2sales cost : Cmanagement O volatility NS Mechanisms T RForward-looking Ualigns C T Iwith V ECPUC R Etest G safety U year L Arate focus T Ocases RYF Risk-informed R A

8. Slide 8: Key Theme 3: Aligned with California Energy Policies

   K EAg. and Million tons AB 600 Historic 500 400 Industrial Electricity 300 Res. 100 Transportation 0200 2000 California renewables 50% energy 2X electric 1.5M PG&E 8*Source: 32 Historic Y CO2 &Generation S 1990 SB requires is efficiency 2005 Comm. &vehicles metric Emissions TAligned California aeFor

9. Slide 9: Key Theme 4: Infrastructure Investment Drivers

   KEY California Gas Safety and Reliability substation Generation upgrades) Enabling Investments Sustained California’s Clean Economy Electric State 9(e.g., investments infrastructure rail Energy capability) S vehicle Treplacement, and Policies upgrades, Rasset Grid Energy EElectric water Renewable Ni

10. Slide 10: Gas Transmission and Distribution Investments

    GR PG&E % Transmission System 25% 10430% ~45%~85% ~65%~170 2010 5%7% 27 15% Investments Seeofthe OGas 34% W Will 2015 Forward-Looking Piggable T Annual H Continue to 2026201020152019201020152019201020152019 Fsystematically Miles OC Main Projected Uto ofSUpgrade Gas Replacement #Statements 1 Distribu

11. Slide 11: Grid Modernization Investments

    G R the Increased sensor and Advanced Grid Enables integration ~$1 See enable billion OModernization Control Data Storage technology WForward-Looking renewable T remote Analytics analytics self-healing in Hinfrastructure and planned FElectric OMonitoring control reduce Cenhance Will URequires grid V

12. Slide 12: Going Forward: PG&E Well-Positioned for Industry Changes

    G O I NisG PG&E Industry Integrate Decarbonized resources Economy Enhance Flexible Constructive Customer Modernize Sustainable 12 procurement Changes energy renewables Well-Positioned Choice Frate efficiencies Expand O regulatory R structures efficiency Enable WA PG&E energy and portfolio Rmechanism

13. Slide 13: Ratebase Growth and Dividend Outlook

    PG&E ~6.5-7% ~60% CAGR + ~$39B 2017 $1.82 $1.96 ~$34.4B Ratebase See ~8% theProjects 2019 Forward-Looking ($ Ratio Range Payout 201520162019 inStrong B) Dividend Growth Statements for factors that could cause actual results to differ materially from the guidance presented and underlying assumptions.

14. Slide 14: Building a Better California

    PG&E:Party Third 14 Together, Recognition Building a Better California

PG&E Corp (PCG, PCG-PA, PCG-PB, PCG-PC, PCG-PD, PCG-PE, PCG-PG, PCG-PH, PCG-PI) — Investor Presentation (February 2017) on 6ix