Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 166

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 166
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See accompanying Notes to the Condensed Consolidated Financial Statements.

42

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

(in millions)

 (Unaudited)Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net Income $913 $618 $2,220 $1,964 Other Comprehensive IncomePension and other postretirement benefit plans obligations (net of taxes of $0, $0, $0 and $0 respectively)— — 2 1 Net unrealized (loss) gain on available-for-sale securities (net of taxes of $1, $2, $4 and $1 respectively)(4)5 10 4 Total other comprehensive income (loss)(4)5 12 5 Comprehensive Income $909 $623 $2,232 $1,969 

See accompanying Notes to the Condensed Consolidated Financial Statements.

43

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)(Unaudited) Balance at September 30, 2025December 31, 2024ASSETS  Current Assets  Cash and cash equivalents$253 $705 Restricted cash and restricted cash equivalents (includes $334 million and $263 million related to VIEs at respective dates)367 272 Accounts receivableCustomers (net of allowance for doubtful accounts of $408 million and $418 million at respective dates) (includes $2.0 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $407 million and $418 million at respective dates)2,343 2,220 Accrued unbilled revenue (includes $1.4 billion and $1.3 billion related to VIEs at respective dates)1,633 1,487 Regulatory balancing accounts4,827 7,227 Other (net of allowance for doubtful accounts of $82 million and $35 million at respective dates)1,873 1,810 Regulatory assets323 234 InventoriesGas stored underground and fuel oil74 52 Materials and supplies689 768 Wildfire Fund asset298 301 Wildfire self-insurance asset1,000 905 Other563 998 Total current assets14,243 16,979 Property