Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 69

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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807 834 Total noncurrent regulatory assets$15,853 $15,561 

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Regulatory LiabilitiesNoncurrent regulatory liabilities are comprised of the following: Balance at(in millions)June 30, 2025December 31, 2024Cost of removal obligations$9,265 $8,943 Public purpose programs1,192 1,112 Employee benefit plans1,098 1,088 Transmission tower wireless licenses282 306 SFGO sale40 79 SB 901 securitization6,145 6,295 Wildfire self-insurance807 804 Other1,042 790 Total noncurrent regulatory liabilities$19,871 $19,417 

Regulatory Balancing AccountsCurrent regulatory balancing accounts receivable and payable are comprised of the following:Balance at(in millions)June 30, 2025December 31, 2024Electric distribution$1,705 $1,591 Electric transmission113 117 Gas distribution and transmission119 387 Energy procurement1,285 1,066 Public purpose programs207 162 Wildfire-related accounts640 979 Insurance premium costs— 38 Residential uncollectibles balancing accounts146 260 Catastrophic event memorandum account265 500 General rate case memorandum accounts557 1,113 Other620 1,014 Total regulatory balancing accounts receivable$5,657 $7,227 Balance at(in millions)June 30, 2025December 31, 2024Electric transmission$477 $883 Gas distribution and transmission61 72 Energy procurement520 329 Public purpose programs563 882 SFGO sale42 93 Wildfire-related accounts291 337 Nuclear decommissioning adjustment mechanism10 23 Other552 550 Total regulatory balancing accounts payable$2,516 $3,169 For more information, see Note 3 of the Notes to the Consolidated Financial Statements in Item 8 of the 2024 Form 10-K.

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NOTE 4: DEBT

Credit Facilities and Term LoansThe following table summarizes PG&E Corporation’s and the Utility’s outstanding borrowings and availability under their credit facilities as of June 30, 2025:(in millions)TerminationDateMaximum Facility LimitLoans OutstandingLetters of Credit OutstandingFacilityAvailabilityUtility revolving credit facility June 2030$5,400 (1