Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 45

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 45
---
fire self-insurance asset1,000 905 Other563 999 Total current assets14,393 17,216 Property, Plant, and Equipment  Property, Plant, and Equipment125,271 118,262 Construction work in progress5,082 4,458 Financing lease ROU asset and other9 814 Total property, plant, and equipment130,362 123,534 Accumulated depreciation(36,565)(35,305)Net property, plant, and equipment93,797 88,229 Other Noncurrent Assets  Regulatory assets16,283 15,561 Customer credit trust902 377 Nuclear decommissioning trusts4,190 3,833 Operating lease ROU asset462 524 Wildfire Fund asset3,807 4,070 Other (includes noncurrent accounts receivable of $71 million and $82 related to VIEs, net of noncurrent allowance for doubtful accounts of $15 million and $18 at respective dates)4,415 3,850 Total other noncurrent assets30,059 28,215 TOTAL ASSETS$138,249 $133,660 

See accompanying Notes to the Condensed Consolidated Financial Statements.

36

PG&E CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited)Balance atSeptember 30, 2025December 31, 2024LIABILITIES AND EQUITY  Current Liabilities  Short-term borrowings$1,025 $1,523 Long-term debt, classified as current (includes $218 million and $222 million related to VIEs at respective dates)2,769 2,146 Accounts payableTrade creditors3,019 2,748 Regulatory balancing accounts2,561 3,169 Other748 748 Operating lease liabilities87 85 Financing lease liabilities1 577 Interest payable (includes $156 million and $91 million related to VIEs at respective dates)657 760 Wildfire-related claims492 916 Other3,936 3,658 Total current liabilities15,295 16,330 Noncurrent Liabilities  Long-term debt (includes $11.8 billion and $10.1 billion related to VIEs at respective dates)55,531 53,569 Regulatory liabilities20,061 19