Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 41

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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781 Preferred stock dividend requirement3 3 Income Available for Common Stock$692 $778 

See accompanying Notes to the Condensed Consolidated Financial Statements.

37

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

(in millions)

 (Unaudited)Three Months Ended March 31,20252024Net Income $695 $781 Other Comprehensive IncomeNet unrealized gains (losses) on available-for-sale securities (net of taxes of $2 and $1, respectively)7 (1)Total other comprehensive income (loss)7 (1)Comprehensive Income $702 $780 

See accompanying Notes to the Condensed Consolidated Financial Statements.

38

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)(Unaudited) Balance at March 31, 2025December 31, 2024ASSETS  Current Assets  Cash and cash equivalents$1,860 $705 Restricted cash and restricted cash equivalents (includes $369 million and $263 million related to VIEs at respective dates)383 272 Accounts receivableCustomers (net of allowance for doubtful accounts of $424 million and $418 million at respective dates) (includes $1.8 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $424 million and $418 million at respective dates)2,133 2,220 Accrued unbilled revenue (includes $1.3 billion and $1.3 billion related to VIEs at respective dates)1,409 1,487 Regulatory balancing accounts5,852 7,227 Other (net of allowance for doubtful accounts of $40 million and $35 million at respective dates)1,918 1,810 Regulatory assets212 234 InventoriesGas stored underground and fuel oil45 52 Materials and supplies744 768 Wildfire Fund asset301 301 Wildfire self-insurance asset939 905 Other972 998 Total current assets16,768 16,979 Property, Plant, and Equipment  Property, Plant, and Equipment120,256 118,262 Construction work in progress4,634 4,458 Financing lease ROU asset and other814 814 Total property, plant, and equipment125,704