Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 53

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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28,057 TOTAL ASSETS$137,933 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

44

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited) Balance at September 30, 2025December 31, 2024LIABILITIES AND SHAREHOLDERS’ EQUITY  Current Liabilities  Short-term borrowings$1,025 $1,523 Long-term debt, classified as current (includes $218 million and $222 million related to VIEs at respective dates)2,769 2,146 Accounts payableTrade creditors3,016 2,745 Regulatory balancing accounts2,561 3,169 Other731 729 Operating lease liabilities87 85 Financing lease liabilities1 577 Interest payable (includes $156 million and $91 million related to VIEs at respective dates)596 667 Wildfire-related claims492 916 Other3,663 3,331 Total current liabilities14,941 15,888 Noncurrent Liabilities  Long-term debt (includes $11.8 billion and $10.1 billion related to VIEs at respective dates)49,912 47,958 Regulatory liabilities20,061 19,417 Pension and other postretirement benefits768 741 Asset retirement obligations5,354 5,444 Deferred income taxes4,368 3,632 Operating lease liabilities371 434 Financing lease liabilities5 4 Other4,811 4,198 Total noncurrent liabilities85,650 81,828 Shareholders’ Equity  Preferred stock258 258 Common stock, $5 par value, authorized 800,000,000 shares; 800,000,000 shares  outstanding at respective dates1,322 1,322 Additional paid-in capital37,225 35,930 Reinvested earnings(1,455)(1,940)Accumulated other comprehensive loss(8)(20)Total shareholders’ equity37,342 35,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$137,933 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

45

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLID