PG&E Corporation Stock Fund Dividends
The Plan contains an Employee Stock Ownership Plan (ESOP). Under the ESOP, participants who hold an investment in the PG&E Corporation Stock Fund on the record date for the payment of a dividend on PG&E Corporation common stock may elect to:
  • Reinvest the dividends in additional units of the PG&E Corporation Stock Fund,
  • Receive the dividends in cash, or
  • Choose a combination of both.
Unless you instruct Fidelity to pay the dividends in cash, dividends will be reinvested in additional units of the PG&E Corporation Stock Fund. Once made, this election remains in effect until changed. You may change your dividend election each quarter. Dividends are payable only with respect to an investment in the PG&E Corporation Stock Fund made at least 3 business days before the dividend record date.
Dividend Election
If you who would like to have all of your dividends reinvested, you do not need to do anything. Dividends that are reinvested in additional units of the PG&E Corporation Stock Fund are not taxed until withdrawn.
Dividend Pass Through
If you would like to receive all or a portion of your dividends in cash, you must notify Fidelity Investments at least 10 business days before dividends are paid, excluding NYSE holidays. You may specify the portion of dividends to be paid in cash in 1% increments. To make a dividend election, you are required to call Fidelity's RSP Service Center at 877-PGE-401K (877-743-4015). Each dividend payment is subject to federal and state income taxes in the year in which it is paid; however, no federal or state penalty taxes on early distributions from defined contribution plans will apply.
Voting Rights
If you participate in the PG&E Corporation Stock Fund, you will have the right to vote the proportionate shares of PG&E Corporation common stock held in the Fund that are credited to your account in the Plan as of the proxy record date. The Trustee will send participants the proxy solicitation material issued by the Corporation and a form requesting confidential instructions on how to vote each participant's shares. If you do not direct how to vote your shares, the Trustee will not make any votes with respect to the stock credited to your account.