Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 43

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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,216 Property, Plant, and Equipment  Property, Plant, and Equipment123,445 118,262 Construction work in progress4,636 4,458 Financing lease ROU asset and other7 814 Total property, plant, and equipment128,088 123,534 Accumulated depreciation(36,288)(35,305)Net property, plant, and equipment91,800 88,229 Other Noncurrent Assets  Regulatory assets15,853 15,561 Customer credit trust935 377 Nuclear decommissioning trusts4,022 3,833 Operating lease ROU asset500 524 Wildfire Fund asset3,891 4,070 Other (includes noncurrent accounts receivable of $72 million and $82 related to VIEs, net of noncurrent allowance for doubtful accounts of $17 million and $18 at respective dates)4,222 3,850 Total other noncurrent assets29,423 28,215 TOTAL ASSETS$136,384 $133,660 

See accompanying Notes to the Condensed Consolidated Financial Statements.

34

PG&E CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited)Balance atJune 30, 2025December 31, 2024LIABILITIES AND 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 creditors2,663 2,748 Regulatory balancing accounts2,516 3,169 Other862 748 Operating lease liabilities88 85 Financing lease liabilities1 577 Interest payable (includes $65 million and $91 million related to VIEs at respective dates)767 760 Wildfire-related claims787 916 Other3,334 3,658 Total current liabilities16,185 16,330 Noncurrent Liabilities  Long-term debt (includes $10.2 billion and $10.1 billion related to VIEs at respective dates)54,004 53,569 Regulatory liabilities19,871 19,417 Pension and other postretirement benefits824 808 Asset retirement obligations5,499 5,