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PG&E Corporation Reports First-Quarter 2021 Financial Results •Recorded GAAP earnings were $0.06 per share for the first quarter of 2021, compared to earnings of $0.57 per share for the same period in 2020. •Non-GAAP core earnings were $0.23 per share for the first quarter of 2021, compared to $0.89 per share for the same period in 2020. •2021 EPS guidance adjusted for GAAP earnings in the range of $0.07 to $0.21and reaffirmed non-GAAP core earnings of $0.95 to $1.05 per share. SAN FRANCISCO - PG&E Corporation (NYSE: PCG) recorded first-quarter 2021 income available for common shareholders of $120 million, or $0.06 per share, as reported in accordance with generally accepted accounting principles (GAAP). This compares with income available for common shareholders of $371 million, or $0.57 per share, for the first quarter of 2020.

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