Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 174

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 174
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.  As a result, these differences have no impact on net income.

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The following table presents the Utility’s revenues disaggregated by type of customer:Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024ElectricRevenue from contracts with customers   Residential$2,306 $2,572 $5,561 $5,887    Commercial2,249 2,301 5,368 5,461    Industrial655 707 1,455 1,561    Agricultural807 802 1,484 1,421    Public street and highway lighting27 26 80 78    Other, net (1)(196)(557)558 362 Total revenue from contracts with customers - electric5,848 5,851 14,506 14,770 Regulatory balancing accounts (2)(1,093)(1,313)(1,202)(1,722)Total electric operating revenue$4,755 $4,538 $13,304 $13,048 Natural gasRevenue from contracts with customers   Residential$490 $412 $2,629 $2,142    Commercial173 163 794 723    Transportation service only436 408 1,438 1,307    Other, net (1)(1)44 (268)(158)Total revenue from contracts with customers - gas1,098 1,027 4,593 4,014 Regulatory balancing accounts (2)397 376 234 726 Total natural gas operating revenue1,495 1,403 4,827 4,740 Total operating revenues$6,250 $5,941 $18,131 $17,788 (1) This activity is primarily related to the change in unbilled revenue and amounts subject to refund, partially offset by other miscellaneous revenue items.(2) These amounts represent alternative revenues authorized to be billed or refunded to customers.

Financial Assets Measured at Amortized Cost – Credit LossesPG&E Corporation and the Utility use the current expected credit loss model to estimate the expected lifetime credit loss on financial assets measured at amortized cost.  PG&E Corporation and the Utility evaluate credit risk in their portfolio of financial assets quarterly.  As of September 30, 2025, PG&E Corporation and the Utility identified the following significant