Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 142

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 142
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 holders of record as of October 31, 2025.  

23

On each of February 20, May 22, and September 18, 2025, the Board of Directors of the Utility declared common stock dividends of $575 million, which were paid to PG&E Corporation on March 18, May 30, and September 26, 2025, respectively. 

PG&E Corporation

On each of November 29, 2024, February 20, May 22, and September 18, 2025, the Board of Directors of PG&E Corporation declared a quarterly common stock dividend of $0.025 per share, each declaration totaling $55 million, which were paid on January 15, April 15, July 15, and October 15, 2025, to holders of record as of December 31, 2024, March 31, June 30, and  September 30, 2025, respectively.  

On December 12, 2024, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $0.7167 per mandatory convertible preferred share, totaling $23 million, which was paid on February 27, 2025, to holders of record as of February 14, 2025.  On each of February 20 and May 22, 2025, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $0.75 per mandatory convertible preferred share, each declaration totaling $24 million, which were paid on May 29 and August 28, 2025, to holders of record as of May 15 and August 15, 2025, respectively.  On September 18, 2025, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $0.75 per mandatory convertible preferred share, totaling $24 million, payable on December 1, 2025, to holders of record as of November 14, 2025.

Utility Cash Flows

PG&E Corporation’s condensed consolidated cash flows consist primarily of cash flows related to the Utility.  The following discussion presents the Utility’s cash flows for the nine months ended September 30, 2025 and 2024. 

The Utility’s cash flows were as follows:

Nine Months Ended September 30,(in millions)20252024Net cash provided by operating activities$7,019 $6,272