Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 177

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 177
---
 Wildfire-related accounts291 337 Nuclear decommissioning adjustment mechanism10 23 Other552 550 Total regulatory balancing accounts payable$2,516 $3,169 For more information, see Note 3 of the Notes to the Consolidated Financial Statements in Item 8 of the 2024 Form 10-K.

58

NOTE 4: DEBT

Credit Facilities and Term LoansThe following table summarizes PG&E Corporation’s and the Utility’s outstanding borrowings and availability under their credit facilities as of June 30, 2025:(in millions)TerminationDateMaximum Facility LimitLoans OutstandingLetters of Credit OutstandingFacilityAvailabilityUtility revolving credit facility June 2030$5,400 (1)$— $(388)$5,012 Utility Receivables Securitization Program (2)June 20271,500 (3)(190)— 1,310 (3)PG&E Corporation revolving credit facilityJune 2028650 — — 650 Total credit facilities$7,550 $(190)$(388)$6,972 (1) Includes a $2.0 billion letter of credit sublimit.(2) For more information on the Receivables Securitization Program, see “Variable Interest Entities” in Note 2 above.(3) The amount the Utility may borrow under the Receivables Securitization Program is limited to the lesser of the facility limit and the facility availability.  Further, the facility availability may vary based on the amount of accounts receivable that the Utility owns that are eligible for sale to the SPV and the portion of those accounts receivable that are sold to the SPV that are eligible for advances by the lenders under the Receivables Securitization Program. UtilityOn April 11, 2025, the Utility amended its existing $525 million term loan agreement to extend the maturity to April 10, 2026. The loan bears interest based on the Utility’s election of either (1) Term Secured Overnight Financing Rate (“SOFR”) (plus a 0.10% credit spread adjustment) plus an applicable margin of 1.375% or (2) the alternative base rate plus an applicable margin of 0.375%.On June 23, 2025, the Utility amended its existing revolving credit agreement to, among other things, (i) extend the maturity date of such agreement to June 21, 2030, (