Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 50

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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,259 28,057 TOTAL ASSETS$135,961 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

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PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited) Balance at June 30, 2025December 31, 2024LIABILITIES AND SHAREHOLDERS’ EQUITY  Current Liabilities  Short-term borrowings$1,524 $1,523 Long-term debt, classified as current (includes $217 million and $222 million related to VIEs at respective dates)3,643 2,146 Accounts payableTrade creditors2,661 2,745 Regulatory balancing accounts2,516 3,169 Other842 729 Operating lease liabilities88 85 Financing lease liabilities1 577 Interest payable (includes $65 million and $91 million related to VIEs at respective dates)675 667 Wildfire-related claims787 916 Other3,056 3,331 Total current liabilities15,793 15,888 Noncurrent Liabilities  Long-term debt (includes $10.2 billion and $10.1 billion related to VIEs at respective dates)48,387 47,958 Regulatory liabilities19,871 19,417 Pension and other postretirement benefits757 741 Asset retirement obligations5,499 5,444 Deferred income taxes4,127 3,632 Operating lease liabilities408 434 Financing lease liabilities3 4 Other4,626 4,198 Total noncurrent liabilities83,678 81,828 Shareholders’ Equity  Preferred stock258 258 Common stock, $5 par value, authorized 800,000,000 shares; 800,000,000 shares  outstanding at respective dates1,322 1,322 Additional paid-in capital36,705 35,930 Reinvested earnings(1,790)(1,940)Accumulated other comprehensive loss(5)(20)Total shareholders’ equity36,490 35,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$135,961 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

43

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSE