Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 140

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 140
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 ELECTRIC COMPANY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions) Year ended December 31, 202420232022Net Income $2,712 $2,544 $2,226 Other Comprehensive Income (Loss)Pension and other postretirement benefit plans obligations (net of taxes of $3, $5, and $2, at respective dates)(8)(12)6 Net unrealized gain (losses) on available-for-sale securities (net of taxes of $0, $4, and $3, respectively)1 7 (5)Total other comprehensive income (loss)(7)(5)1 Comprehensive Income $2,705 $2,539 $2,227 

See accompanying Notes to the Consolidated Financial Statements.

97

PACIFIC GAS AND ELECTRIC COMPANY

CONSOLIDATED BALANCE SHEETS

(in millions) Balance at December 31, 2024December 31, 2023ASSETS  Current Assets  Cash and cash equivalents$705 $442 Restricted cash and restricted cash equivalents (includes $263 million and $282 million related to VIEs at respective dates)272 294 Accounts receivableCustomers (net of allowance for doubtful accounts of $418 million and $445 million at respective dates) (includes $1.9 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $418 million and $445 million at respective dates)2,220 2,048 Accrued unbilled revenue (includes $1.3 billion and $1.1 billion related to VIEs at respective dates)1,487 1,254 Regulatory balancing accounts7,227 5,660 Other (net of allowance for doubtful accounts of $35 million and $35 million at respective dates)1,810 1,495 Regulatory assets234 300 InventoriesGas stored underground and fuel oil52 65 Materials and supplies768 805 Wildfire Fund asset301 450 Wildfire self-insurance asset905 — Other998 1,374 Total current assets16,979 14,187 Property, Plant, and Equipment  Electric86,639 80,345 Gas31,623 29,830 Construction work in progress4,458 4,452 Financing lease ROU asset and other814 787