Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 137

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1A
Chunk 137
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321)$(13)$25,040 $252 $25,292 Net income— — — — 735 — 735 — 735 Other comprehensive loss— — — — — (1)(1)— (1)Common stock issued, net3,558,470 — — — — — — — — Stock-based compensation amortization— (18)— — — — (18)— (18)Common stock dividends declared— — — — (22)— (22)— (22)Preferred stock dividend requirement of subsidiary — — — — (3)— (3)— (3)Balance at March 31, 20242,137,156,228 $30,356 — $— $(4,611)$(14)$25,731 $252 $25,983 

See accompanying Notes to the Condensed Consolidated Financial Statements.

36

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in millions)(Unaudited) Three Months Ended March 31, 20252024Operating Revenues  Electric$4,135 $4,052 Natural gas1,848 1,809 Total operating revenues5,983 5,861 Operating Expenses  Cost of electricity399 321 Cost of natural gas496 529 Operating and maintenance2,638 2,631 Wildfire-related claims, net of recoveries49 (1)Wildfire Fund expense76 78 Depreciation, amortization, and decommissioning1,097 1,022 Total operating expenses4,755 4,580 Operating Income1,228 1,281 Interest income114 134 Interest expense(655)(654)Other income, net71 79 Income Before Income Taxes758 840 Income tax provision63 59 Net Income695 781 Preferred stock dividend requirement3 3 Income Available for Common Stock$692 $778 

See accompanying Notes to the Condensed Consolidated Financial Statements.

37

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

(in millions)

 (Unaudited)Three Months Ended March 31,20252024Net Income $695