Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 79

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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$5,117 $5,201 SB 901 securitization regulatory liability(in millions)20252024Balance at January 1$(6,295)$(6,628)Amortization303289Additions(1)(111)(53)Balance at September 30$(6,103)$(6,392)(1) Includes $76 million and $20 million of returns on investments in the customer credit trust expected to be credited to customers for the nine months ended September 30, 2025 and 2024, respectively.

63

NOTE 6: EQUITY

DividendsSubject to the dividend restrictions as described in Note 6 of the Notes to the Consolidated Financial Statements in Item 8 of the 2024 Form 10-K, any decision to declare and pay dividends in the future will be made at the discretion of PG&E Corporation’s and the Utility’s Boards of Directors and will depend on, among other things, results of operations, financial condition, cash requirements, contractual restrictions and other factors that the Boards of Directors may deem relevant.UtilityOn each of November 29, 2024, February 20, and May 22, 2025, the Board of Directors of the Utility declared dividends on its outstanding series of preferred stock totaling $3.5 million, which were paid on February 18, May 15, and August 15, 2025, to holders of record as of January 31, April 30, and July 31, 2025, respectively.  On September 18, 2025, the Board of Directors of the Utility declared dividends on its outstanding series of preferred stock totaling $3.5 million, payable on November 15, 2025, to holders of record as of October 31, 2025.On each of February 20, May 22, and September 18, 2025, the Board of Directors of the Utility declared common stock dividends of $575 million, which were paid to PG&E Corporation on March 18, May 30, and September 26, 2025, respectively. PG&E CorporationOn each of November 29, 2024, February 20, May 22, and September 18, 2025, the Board of Directors of PG&E Corporation declared a quarterly common stock dividend of $0.025 per share, each declaration totaling $55 million, which were paid on January 15, April 15, July