Exhibit 99.2

SEMI-ANNUAL SERVICER’S CERTIFICATE

Dated as of July 10, 2023

Pursuant to Section 4.01(c)(ii) of the Recovery Property Servicing Agreement, dated as of November 30, 2022 (the “Servicing Agreement”), between, PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, as Servicer (the “Servicer”), and PG&E RECOVERY FUNDING LLC, as Issuer (the “Issuer”), the Servicer does hereby certify, for the July 17, 2023 Payment Date (the “Current Payment Date”), as follows:

Capitalized terms used herein have their respective meanings as set forth in the Indenture. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates.

Collection Periods: January 1, 2023 to July 17, 2023

Payment Date: July 17, 2023


1.	Collections Allocable and Aggregate Amounts Available for the Current Payment Date:1
	Fixed Recovery Charge Remittances
	a.	Estimated Fixed Recovery Charges Remitted for January Collection Period	$ 144,670.21
	b.	Estimated Fixed Recovery Charges Remitted for February Collection Period	2,416,464.02
	c.	Estimated Fixed Recovery Charges Remitted for March Collection Period	7,249,177.94
	d.	Estimated Fixed Recovery Charges Remitted for April Collection Period	7,869,928.93
	e.	Estimated Fixed Recovery Charges Remitted for May Collection Period	9,752,470.20
	f.	Estimated Fixed Recovery Charges Remitted for June Collection Period	10,662,013.78
	g.	Estimated Fixed Recovery Charges Remitted for July Collection Period2	$5,438,766.60
i.	Total Estimated Fixed Recovery Charge Remittances		$ 43,533,491.68
ii.	Investment Earnings on Collection Account
		iii. Investment Earnings on Capital Subaccount iv. Investment Earnings on Excess Funds Subaccount v. Investment Earnings on General Subaccount	$ 93,291.59 - 165,849.73
vi.		General Subaccount Balance (sum of i and v above)	43,699,341.41
vii.		Excess Funds Subaccount Balance	-
viii.		Capital Subaccount Balance	5,010,101.74
ix.		Collection Account Balance (sum of vi -viii above)	$ 48,709,443.15

2.	Outstanding Amounts as of Prior Payment Date:
i.	Tranche A-1 Outstanding Amount		$ 214,922,000.00
ii.	Tranche A-2 Outstanding Amount		200,000,000.00
iii.	Tranche A-3 Outstanding Amount		568,440,000.00
iv.	Aggregate Outstanding Amount of all Tranches of Recovery Bonds		983,362,000.00
3.	Required Funding/Payments as of Current Payment Date:		$ 44,210,263.31

Principal			Principal Due
i.	Tranche A-1		$ 11,195,480.00
ii.	Tranche A-2		-
iii.	Tranche A-3		-
iv.	For all Tranches of Recovery Bonds:		$ 11,195,480.00

1 Based upon Estimated Fixed Recovery Charges remitted during Collection Period (i.e., Estimated Fixed Recovery Charges remitted within two Servicer Business Days of deemed collection date).

2 Does not include reconciliation amounts calculated for the Reconciliation Period for such Collection Period, which will be settled in the month following such Collection Period.


Interest Tranche		Interest Rate	Days in Interest Period	Principal Balance	Interest Due
v. Tranche A-1		5.045%	225	$214,922,000.00	$ 6,776,759.31
vi. Tranche A-2		5.256%	225	$200,000,000.00	6,570,000.00
vii. Tranche A-3		5.536%	225	$568,440,000.00	19,668,024.00
viii.		For all Tranches of Recovery Bonds:				$ 33,014,783.31

				Required Level	Funding Required
ix. Capital Subaccount				$ 4,916,810.00	-
4.	Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture
i.	Indenture Trustee Fees and Expenses; Indemnity Amounts3						$ 7,725.00
ii.	Servicing Fee						307,301.00
iii.	Administration Fee						46,875.00
iv.	Other Ongoing Financing Costs Expenses						1,500.00
v.	Semi-Annual Interest (including any past-due for prior periods)						33,014,783.31
vi.	Return on PG&E Capital Contribution and any remittance of unpaid upfront financing costs						$ -


	Tranche	Per $1000 of Original Principal Amount	Aggregate
1.	Tranche A-1 Interest Payment	$ 6,776.76	$ 6,776,759.31
2.	Tranche A-2 Interest Payment	6,570.00	6,570,000.00
3.	Tranche A-3 Interest Payment	19,668.02	19,668,024.00	8,266.34


vii.			Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date			$ 983,362,000.00


	Tranche	Per $1000 of Original Principal Amount	Aggregate
1.	Tranche A-1 Principal Payment	$ 11,195.48	$ 11,195,480.00
2.	Tranche A-2 Principal Payment	-	-
3.	Tranche A-3 Principal Payment	-	-
viii.	Semi-Annual Principal		11,195,480.00
ix.	Estimated Deposit to Excess Funds Subaccount		-
x.	Released to Issuer upon Retirement of all Notes		-
xi.	Aggregate Remittances as of Current Payment Date		$ 43,533,491.68

3 Subject to $200,000 cap per annum.


5.	Subaccount Withdrawals as of Current Payment (if applicable, pursuant to Section 8.02(e) of Indenture:
i.	Excess Funds Subaccount	$ -
ii.	Capital Subaccount	874,322.90
iii.	Total Withdrawals	$ 874,322.90


6.	Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):
i.	Tranche A-1	$ 203,726,520.00
ii.	Tranche A-2	200,000,000
iii.	Tranche A-3	568,440,000
iv.	Aggregate Outstanding Amount of all Tranches of Recovery Bonds:	972,166,520.00
v.	Estimated Excess Funds Subaccount Balance	-
vi.	Capital Subaccount Balance	4,135,778.84
vii.	Estimated Aggregate Collection Account Balance	$ 4,135,778.84

Shortfalls in Interest and Principal Payments as of Current Payment Date (after giving effect to payments to be made on such Payment Date):

Semi-annual Interest

Tranche A-1 Interest Payment

$ -

Tranche A-2 Interest Payment

Tranche A-3 Interest Payment

ii.

Semi-Annual Principal

Tranche A-1 Principal Payment

Tranche A-2 Principal Payment

Tranche A-3 Principal Payment


8.	Shortfalls in Required Subaccount Levels as of Current Payment Date (after giving effect to payments to be made on such Payment Date):
	iii.	Capital Subaccount	$ 781,031.31

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer’s Certificate as of the date first above written.

SERVICER:

PACIFIC GAS AND ELECTRIC COMPANY,
a California corporation

By: /s/ MARGARET K. BECKER
Name: Margaret K Becker
Title: Vice President and Treasurer

PG&E Recovery Funding LLC 10-D