Exhibit 99.1

SEMI-ANNUAL SERVICER’S CERTIFICATE

Dated as of January 8, 2024

Pursuant to Section 4.01(c)(ii) of the Recovery Property Servicing Agreement, dated as of November 12, 2021 (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 January 16, 2024 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: July 17, 2023 to December 31, 2023

Payment Date: January 16, 2024

Collections Allocable and Aggregate Amounts Available for the Current Payment Date:

Fixed Recovery Charge Remittances

Estimated Monthly Fixed Recovery Charges Remitted for July Collection Period1

$777,572.69

Estimated Monthly Fixed Recovery Charges Remitted for August Collection Period

2,120,430.00

Estimated Monthly Fixed Recovery Charges Remitted for September Collection Period

2,503,214.00

Estimated Monthly Fixed Recovery Charges Remitted for October Collection Period

2,082,565.00

Estimated Monthly Fixed Recovery Charges Remitted for November Collection Period

1,760,859.00

Estimated Monthly Fixed Recovery Charges Remitted for December Collection Period

1,611,449.00

Total Estimated Fixed Recovery Charge Remittances

$10,856,089.69

ii.

Investment Earnings on Collection Account

iii.

Investment Earnings on Capital Subaccount

$116,400.77

iv.

Investment Earnings on Excess Funds Subaccount

575,551.86

Investment Earnings on General Subaccount

237,447.02

vi.

General Subaccount Balance (sum of i and v above)

$11,093,536.71

vii.

Excess Funds Subaccount Balance as of Prior Payment Date

22,442,169.80

viii.

Capital Subaccount Balance as of Prior Payment Date

4,444,485.31

ix.

Collection Account Balance (sum of vi through viii above)

$37,980,191.82

Outstanding Amounts as of Prior Payment Date:

Tranche A-1 Outstanding Amount

$220,592,427.00

ii.

Tranche A-2 Outstanding Amount

160,309,000.00

iii.

Tranche A-3 Outstanding Amount

433,963,000.00

iv.

Aggregate Outstanding Amount of all Tranches of Recovery Bonds

$814,864,427.00

1 July 2023 total remittances equaled $1,771,945.19 out of which $994,372.50 was reported in the Semi-Annual Certificate filed in July 2023.


3			Required Funding/Payments as of Current Payment Date:			$23,308,331.25


	Principal	Principal Due
i.	Tranche A-1	$13,747,266.00
ii.	Tranche A-2	-
iii.	Tranche A-3	-
vi.	For all Tranches of Recovery Bonds:	$13,747,266.00


Interest Tranche	Interest Rate	Days in Interest Period		Principal	Interest Due
v. Tranche A-1	1.46%	180	220,592,427.00		$1,610,324.72
vi. Tranche A-2	2.28%	180	160,309,000.00		1,827,522.60
vii. Tranche A-3	2.82%	180	433,963,000.00		6,123,217.93
viii. For all Tranches of Recovery Bonds:					$9,561,065.25
				Required Level	Funding Required
ix. Capital Subaccount				$4,301,995.00	$ -
4. Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture
i. Indenture Trustee Fees and Expenses; Indemnity Amounts2					$4,400.00
ii. Servicing Fee					215,100.00
iii. Administration Fee					37,500.00
iv. Other Ongoing Financing Costs Expenses					-
v. Semi-Annual Interest (including any past-due for prior periods)					$9,561,065.25
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			$ 1,610.32	$ 1,610,324.72
2	Tranche A-2 Interest Payment			1,827.52	1,827,522.60
3	Tranche A-3 Interest Payment			6,123.22	6,123,217.93
		vii.	Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date		$814,864,427.00
			Tranche	Per $1000 of Original Principal Amount	Aggregate
1		Tranche A-1 Principal Payment		$13,747.27	$13,747,266.00
2		Tranche A-2 Principal Payment		-	-
3		Tranche A-3 Principal Payment		-	-
viii.		Semi-Annual Principal			$13,747,266.00
ix.		Estimated Deposit to Excess Funds Subaccount			0
x.		Released to Issuer upon Retirement of all Notes			-
xi.		Aggregate Remittances as of Current Payment Date			$10,856,089.69
		5.	Subaccount Withdrawals as of Current Payment (if applicable, pursuant to Section 8.02(e) of Indenture:
		i.	Excess Funds Subaccount		$12,471,795.54
		ii.	Capital Subaccount		-
		iii.	Total Withdrawals		$12,471,795.54

2 Subject to $200,000 cap per annum


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	$206,845,161.00
ii.		Tranche A-2	160,309,000.00
iii.		Tranche A-3	433,963,000.00
vi.		Aggregate Outstanding Amount of all Tranches of Recovery Bonds:	$801,117,161.00
vii.		Excess Funds Subaccount Balance	9,970,375.26
viii.		Capital Subaccount Balance	4,560,886.08
ix.		Aggregate Collection Account Balance	$14,531,261.34
7.		Shortfalls in Interest and Principal Payments as of Current Payment Date
	i.	Semi-annual Interest
		Tranche A-1 Interest Payment	$ -
		Tranche A-2 Interest Payment	-
		Tranche A-3 Interest Payment	-
		Tranche A-4 Interest Payment	-
		Tranche A-5 Interest Payment	-
	ii.	Semi-Annual Principal
		Tranche A-1 Principal Payment	-
		Tranche A-2 Principal Payment	-
		Tranche A-3 Principal Payment	-
		Tranche A-4 Principal Payment	-
		Tranche A-5 Principal Payment	-
8.	Shortfalls in Required Subaccount Levels as of Current Payment Date
	iii.	Capital Subaccount	$ -

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