Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 150

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 150
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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)2,095 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 Other452 999 Total current assets15,161 17,216 Property, Plant, and Equipment  Property, Plant, and Equipment123,445 118,262 Construction work in progress4,636 4,458 Financing lease ROU asset and other7 814 Total property, plant, and equipment128,088 123,534 Accumulated depreciation(36,288)(35,305)Net property, plant, and equipment91,800 88,229 Other Noncurrent Assets  Regulatory assets15,853 15,561 Customer credit trust935 377 Nuclear decommissioning trusts4,022 3,833 Operating lease ROU asset500 524 Wildfire Fund asset3,891 4,070 Other (includes noncurrent accounts receivable of $72 million and $82 related to VIEs, net of noncurrent allowance for doubtful accounts of $17 million and $18 at respective dates)4,222 3,850 Total other noncurrent assets29,423 28,215 TOTAL ASSETS$136,384 $133,660 

See accompanying Notes to the Condensed Consolidated Financial Statements.

34

PG&E CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited)Balance atJune 30, 2025December 31, 2024LIABILITIES AND EQUITY  Current Liabilities  Short-term borrowings$1,524 $1,523 Long-term debt, classified as current (includes $217 million and $222 million related to VIEs at respective dates)3,643 2,146 Accounts payableTrade creditors2,663 2,748 Regulatory balancing accounts2