Pacific Gas & Electric Co.

Thank you for standing by. My name is Cheryl, and I will be your conference operator today. At this time, I would like to welcome everyone to the Pacific Gas and Electric Corporation first quarter earnings release conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your questions, again, press star one. Thank you. Matt Fallon, Senior Director of Investor Relations, you may begin your conference.

Good morning, everyone. Thank you for joining us for PG&E's first quarter earnings call. With us today are Patty Pompey, Chief Executive Officer, and Chris Foster, Executive Vice President and Chief Financial Officer. I want to remind you that today's discussion will include forward-looking statements about our outlook for future financial results. These statements are based on assumptions, forecasts, expectations, and information currently available to management. Some of the important factors that could affect the company's actual financial results are described on the second page of today's first quarter earnings call presentation. The presentation also includes a reconciliation between non-GAAP and GAAP measures. The presentation can be found online along with other information at investor.pgcorp.com. We also encourage you to review our quarterly report on Form 10-Q for the quarter ended March 31st, 2022. With that, I'll hand it over to Patty.

Thanks, Matt, and good morning, everyone. Thanks for joining us today. I'm happy to report that we earned 30 cents in non-GAAP core EPS in the first quarter, and we're on track to deliver our 2022 non-GAAP core EPS guidance of $1.07 to $1.13. We believe in delivering at least 10% EPS growth for you as investors this year, next year, and the following year. and at least 9% in 2025 and 2026, putting any annual surplus performance to work for important customer needs, a win for customers and investors. We're underway on my second year here at PG&E with a world-class, purpose-driven team focused every day on the triple bottom line, serving people, the planet, and California's prosperity. We'll deliver on our triple bottom line by mitigating physical risk and by mitigating financial risk, as seen here on slide four. We're changing the culture and building new capabilities and performance. We're rebuilding our team's confidence that we will deliver for our hometowns.