Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 74

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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,172 Price risk management128 167 Catastrophic event memorandum account673 742 Wildfire-related accounts1,734 1,697 Deferred income taxes5,737 4,771 Financing costs205 216 SB 901 securitization5,117 5,194 General rate case memorandum accounts67 95 Other791 834 Total noncurrent regulatory assets$16,283 $15,561 

Regulatory LiabilitiesNoncurrent regulatory liabilities are comprised of the following: Balance at(in millions)September 30, 2025December 31, 2024Cost of removal obligations$9,339 $8,943 Public purpose programs1,183 1,112 Employee benefit plans1,103 1,088 Transmission tower wireless licenses270 306 SFGO sale20 79 SB 901 securitization6,103 6,295 Wildfire self-insurance817 804 Other1,226 790 Total noncurrent regulatory liabilities$20,061 $19,417 

60

Regulatory Balancing AccountsCurrent regulatory balancing accounts receivable and payable are comprised of the following:Balance at(in millions)September 30, 2025December 31, 2024Electric distribution$959 $1,591 Electric transmission95 117 Gas distribution and transmission496 387 Energy procurement1,436 1,066 Public purpose programs181 162 Wildfire-related accounts301 979 Insurance premium costs— 38 Residential uncollectibles balancing accounts219 260 Catastrophic event memorandum account244 500 General rate case memorandum accounts278 1,113 Other618 1,014 Total regulatory balancing accounts receivable$4,827 $7,227 Balance at(in millions)September 30, 2025December 31, 2024Electric transmission$244 $883 Gas distribution and transmission51 72 Energy procurement777 329 Public purpose programs493 882 SFGO sale62 93 Wildfire-related accounts319 337 Nuclear decommissioning adjustment mechanism— 23 Other615 550 Total regulatory balancing accounts payable$2,561 $3,169 For more information, see Note 3 of the Notes to the Consolidated Financial Statements in Item 8 of the 2024 Form 10-K.

NOTE 4: DE