Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 56

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 probable of recovery or refund.  As a result, these differences have no impact on net income.

48

The following table presents the Utility’s revenues disaggregated by type of customer:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024ElectricRevenue from contracts with customers   Residential$1,421 $1,516 $3,255 $3,315    Commercial1,613 1,655 3,119 3,160    Industrial386 441 800 854    Agricultural478 439 677 619    Public street and highway lighting26 27 53 52    Other, net (1)665 798 754 919       Total revenue from contracts with customers - electric4,589 4,876 8,658 8,919 Regulatory balancing accounts (2)(175)(418)(109)(409)Total electric operating revenue$4,414 $4,458 $8,549 $8,510 Natural gasRevenue from contracts with customers   Residential$430 $213 $2,139 $1,730    Commercial222 187 621 560    Transportation service only456 424 1,002 899    Other, net (1)(147)(138)(267)(202)      Total revenue from contracts with customers - gas961 686 3,495 2,987 Regulatory balancing accounts (2)523 842 (163)350 Total natural gas operating revenue1,484 1,528 3,332 3,337 Total operating revenues$5,898 $5,986 $11,881 $11,847 (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 June 30, 2025, PG&E Corporation and the Utility identified the following significant categories of financial assets.Trade ReceivablesTrade receiv