Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 156

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 156
---
 30,Six Months Ended June 30,2025202420252024Net Income $612 $565 $1,307 $1,346 Other Comprehensive IncomePension and other postretirement benefit plans obligations (net of taxes of $0, $0, $0 and $0 respectively)— — 1 — Net unrealized gains (losses) on available-for-sale securities (net of taxes of $3, $0, $5 and $1 respectively)8 — 14 (1)Total other comprehensive income (loss)8 — 15 (1)Comprehensive Income $620 $565 $1,322 $1,345 

See accompanying Notes to the Condensed Consolidated Financial Statements.

41

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)(Unaudited) Balance at June 30, 2025December 31, 2024ASSETS  Current Assets  Cash and cash equivalents$236 $705 Restricted cash and restricted cash equivalents (includes $207 million and $263 million related to VIEs at respective dates)221 272 Accounts receivableCustomers (net of allowance for doubtful accounts of $404 million and $418 million at respective dates) (includes $1.7 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $404 million and $418 million at respective dates)2,025 2,220 Accrued unbilled revenue (includes $1.6 billion and $1.3 billion related to VIEs at respective dates)1,862 1,487 Regulatory balancing accounts5,657 7,227 Other (net of allowance for doubtful accounts of $89 million and $35 million at respective dates)2,097 1,810 Regulatory assets302 234 InventoriesGas stored underground and fuel oil73 52 Materials and supplies713 768 Wildfire Fund asset298 301 Wildfire self-insurance asset969 905 Other449 998 Total current assets14,902 16,979 Property, Plant, and Equipment  Property, Plant, and Equipment123,445 118,262 Construction work in progress4,635 4,458 Financing lease ROU asset and other7 814 Total property, plant, and equipment128