Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 159

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 159
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 cash equivalents (includes $334 million and $263 million related to VIEs at respective dates)368 273 Accounts receivableCustomers (net of allowance for doubtful accounts of $408 million and $418 million at respective dates) (includes $2.0 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $407 million and $418 million at respective dates)2,343 2,220 Accrued unbilled revenue (includes $1.4 billion and $1.3 billion related to VIEs at respective dates)1,633 1,487 Regulatory balancing accounts4,827 7,227 Other (net of allowance for doubtful accounts of $82 million and $35 million at respective dates)1,871 1,810 Regulatory assets323 234 InventoriesGas stored underground and fuel oil74 52 Materials and supplies689 768 Wildfire Fund asset298 301 Wildfire 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,