Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 139

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 139
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 — — — — 1,128 — 1,128 Stock-based compensation amortization— — 53 — — — — 53 — 53 Common stock dividends declared— — — — — (120)— (120)— (120)Preferred stock dividend requirement— — — — — (37)— (37)— (37)Balance at December 31, 2024$1,579 2,193,573,536 $31,555 — $— $(2,966)$(19)$30,149 $252 $30,401 

See accompanying Notes to the Consolidated Financial Statements.

95

PACIFIC GAS AND ELECTRIC COMPANY

CONSOLIDATED STATEMENTS OF INCOME

(in millions)

 Year ended December 31, 202420232022Operating Revenues  Electric$17,811 $17,424 $15,060 Natural gas6,608 7,004 6,620 Total operating revenues24,419 24,428 21,680 Operating Expenses  Cost of electricity2,261 2,443 2,756 Cost of natural gas1,192 1,754 2,100 Operating and maintenance11,787 11,913 9,725 SB 901 securitization charges, net33 1,267 608 Wildfire-related claims, net of recoveries94 64 237 Wildfire Fund expense383 567 477 Depreciation, amortization, and decommissioning4,189 3,738 3,856 Total operating expenses19,939 21,746 19,759 Operating Income4,480 2,682 1,921 Interest income589 593 162 Interest expense(2,781)(2,485)(1,658)Other income, net319 293 595 Income Before Income Taxes2,607 1,083 1,020 Income tax benefit(105)(1,461)(1,206)Net Income2,712 2,544 2,226 Preferred stock dividend requirement14 14 14 Income Available for Common Stock$2,698 $2,530 $2,212 

See accompanying Notes to the Consolidated Financial Statements.

96

PACIFIC GAS AND