Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 163

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 163
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 and natural gas operating revenue is recognized ratably over the year.  The Utility records a balancing account asset or liability for differences between customer billings and authorized revenue requirements that are probable of recovery or refund.The Utility also collects additional revenue requirements to recover costs that the CPUC has authorized the Utility to pass through to customers, including costs to purchase electricity and natural gas, and to fund public purpose, demand response, and customer energy efficiency programs.  In general, the revenue recognition criteria for pass-through costs billed to customers are met at the time the costs are incurred.  The Utility records a regulatory balancing account asset or liability for differences between incurred costs and customer billings or authorized revenue meant to recover those costs, to the extent that these differences are probable of recovery or refund.  As a result, these differences have no impact on net income.

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The following table presents the Utility’s revenues disaggregated by type of customer:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024ElectricRevenue from contracts with customers   Residential$1,421 $1,516 $3,255 $3,315    Commercial1,613 1,655 3,119 3,160    Industrial386 441 800 854    Agricultural478 439 677 619    Public street and highway lighting26 27 53 52    Other, net (1)665 798 754 919       Total revenue from contracts with customers - electric4,589 4,876 8,658 8,919 Regulatory balancing accounts (2)(175)(418)(109)(409)Total electric operating revenue$4,414 $4,458 $8,549 $8,510 Natural gasRevenue from contracts with customers   Residential$430 $213 $2,139 $1,730    Commercial222 187 621 560    Transportation service only456 424 1,002 899    Other, net (1)(147)(138)(267)(202)      Total revenue from contracts with customers - gas961 686 3,495 2,987 Regulatory balancing accounts (2)523 842 (163)350 Total natural gas operating revenue1,484 1,528 3,332 3,337 Total operating revenues$5,898 $5,