Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 122

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1
Chunk 122
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cf):   Residential146,842 171,889 160,449   Commercial55,174 60,248 57,066 Total Bundled Gas Sales202,016 232,137 217,515 Revenues (in millions): Bundled gas sales:   Residential$3,089 $3,686 $3,353   Commercial984 1,052 1,005   Other159 (145)163 Bundled gas revenues4,232 4,593 4,521 Transportation service only revenue1,815 1,603 1,534       Subtotal6,047 6,196 6,055   Regulatory balancing accounts (2)561 808 565 Total operating revenues$6,608 $7,004 $6,620 Selected Statistics: Average annual residential usage (Mcf)37 37 37 Average billed bundled gas sales revenues per Mcf:   Residential$20.74 $20.73 $20.22   Commercial16.28 14.99 15.19 Net plant investment per customer$5,019 $4,749 $4,522 

(1) These amounts include natural gas provided by core transport agents and CCAs that procure their own supplies of natural gas for their respective customers.

(2) These amounts represent revenues authorized to be billed.

Nuclear Operations

The Utility manages its scheduled refueling outages with the objective of minimizing their duration and maintaining high nuclear generating capacity factors, resulting in a stable generation base for the Utility’s wholesale and retail power marketing activities.  During scheduled refueling outages, the Utility performs maintenance and equipment upgrades to minimize the occurrence of unplanned outages and to maintain safe, reliable operations.  For the year ended December 31, 2024, DCPP achieved an average capacity factor of 93%.  Capacity factors, which are significantly affected by the number and duration of refueling and non-refueling outages, reflect the availability of DCPP’s generation to the California electricity market and impact the Utility’s performance-based disbursements.  For more information, see “Extension of Diablo Canyon Operations” below.  Management analyzes capacity factors by comparing DCPP’s actual generation to forecasted annual capacity factors, which reflect planned refueling outages, curtailments for condenser cleaning, allowances for minor curtailments resulting from equipment issues