Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 157

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1A
Chunk 157
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,087 123,534 Accumulated depreciation(36,287)(35,304)Net property, plant, and equipment91,800 88,230 Other Noncurrent Assets  Regulatory assets15,853 15,561 Customer credit trust935 377 Nuclear decommissioning trusts4,022 3,833 Operating lease ROU asset496 519 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)4,062 3,697 Total other noncurrent assets29,259 28,057 TOTAL ASSETS$135,961 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

42

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited) Balance at June 30, 2025December 31, 2024LIABILITIES AND SHAREHOLDERS’ 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 creditors2,661 2,745 Regulatory balancing accounts2,516 3,169 Other842 729 Operating lease liabilities88 85 Financing lease liabilities1 577 Interest payable (includes $65 million and $91 million related to VIEs at respective dates)675 667 Wildfire-related claims787 916 Other3,056 3,331 Total current liabilities15,793 15,888 Noncurrent Liabilities  Long-term debt (includes $10.2 billion and $10.1 billion related to VIEs at respective dates)48,387 47,958 Regulatory liabilities19,871 19,417 Pension and other postretirement benefits757 741 Asset retirement obligations5,499 5,444 Deferred income taxes4,127 3,632 Operating lease liabilities408 434 Financing lease liabilities3 4 Other4,626 4,198 Total noncurrent liabilities83,678