Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 170

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 170
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 Statements of Income.  Some regulatory balancing accounts payable accrue interest which is reflected in Interest expense in the Consolidated Statements of Income.  Interest income from balancing accounts receivable was $537 million, $547 million and $153 million for the years ended December 31, 2024, 2023, and 2022, respectively.  Interest expense from balancing accounts payable was $323 million, $257 million and $81 million for the years ended December 31, 2024, 2023, and 2022, respectively.

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Current regulatory balancing accounts receivable and payable are comprised of the following:ReceivableBalance at December 31,(in millions)20242023Electric distribution (1)$1,591 $1,092 Electric transmission (2)117 99 Gas distribution and transmission (3) 387 144 Energy procurement (4) 1,066 1,002 Public purpose programs (5) 162 137 Wildfire-related accounts (6)979 568 Insurance premium costs (7)38 227 Residential uncollectibles balancing accounts (8)260 507 Catastrophic event memorandum account (9)500 413 General rate case memorandum accounts (10)1,113 1,097 Other1,014 374 Total regulatory balancing accounts receivable$7,227 $5,660 PayableBalance at December 31,(in millions)20242023Electric transmission (2) $883 $200 Gas distribution and transmission (3) 72 224 Energy procurement (4) 329 77 Public purpose programs (5) 882 299 SFGO sale93 79 Wildfire-related accounts (6)337 125 Nuclear decommissioning adjustment mechanism (11)23 216 Other550 449 Total regulatory balancing accounts payable$3,169 $1,669 (1) The electric distribution accounts track the collection of revenue requirements approved in the GRC and other proceedings.(2)  The electric transmission accounts track recovery of costs related to the transmission of electricity approved in FERC TO rate cases.(3) The gas distribution and transmission accounts track the collection of revenue requirements approved in the GRC and other proceedings.(4) Energy procurement balancing accounts track recovery of costs related to the procurement of electricity and other revenue requirements approved by the CPUC for recovery in procurement-related balancing accounts, including