Investor Presentaiton
Operating expense trends
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Non-deferrable vegetation management and wildfire mitigation expenditures have been a significant driver in O&M growth
Vegetation management efforts include year-round routine inspection and maintenance as well as the Advanced Wildfire Risk Reduction (AWRR) program
Wildfire mitigation includes risk assessment, enhanced system design and construction, and prevention, monitoring and response efforts
O&M Trend
2.0% O&M CAGR, including Veg. Mgmt. and Wildfire
Millions
1.6% Base O&M CAGR
$613
$600
$573
$563
$583
$553
$541
$500
$400
$300
$200
$100
$577
$647
$633(1)
$601
$597
$546
$0
2017
2018
Base O&M
2019
2020
Veg Mgmt & Wildfire O&M
2021
2022E
(1) Amount represents the high-end of 2022 O&M guidance of $640 million to $660 million, excluding the impact of the $17 million 2022 GRC earnings test deferral disallowance and $10 million related to storm
deferrals offset within Revenue
25
PGEView entire presentation