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PG&E proposes new two‑way medical balancing account and repurposing of post‑retirement trust funds
3647301 · June 3, 2025
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Summary
PG&E’s Exhibit 8 (People) includes a request to establish a two‑way medical balancing account, a new affordability forecast for medical costs, and a proposal to reallocate roughly $500 million from a post‑retirement benefits trust to offset medical expenses in the attrition years.
PG&E’s people exhibit (Exhibit 8) proposed a new approach to forecast and manage medical and other employee benefits. Samantha White, the People exhibit case manager, explained that PG&E is proposing a five‑year average affordability forecast for medical costs (lower than the company’s…
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