Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 167

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 167
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, Plant, and Equipment  Property, Plant, and Equipment125,271 118,262 Construction work in progress5,082 4,458 Financing lease ROU asset and other8 814 Total property, plant, and equipment130,361 123,534 Accumulated depreciation(36,565)(35,304)Net property, plant, and equipment93,796 88,230 Other Noncurrent Assets  Regulatory assets16,283 15,561 Customer credit trust902 377 Nuclear decommissioning trusts4,190 3,833 Operating lease ROU asset458 519 Wildfire Fund asset3,807 4,070 Other (includes noncurrent accounts receivable of $71 million and $82 related to VIEs, net of noncurrent allowance for doubtful accounts of $15 million and $18 at respective dates)4,254 3,697 Total other noncurrent assets29,894 28,057 TOTAL ASSETS$137,933 $133,266 

See accompanying Notes to the Condensed Consolidated Financial Statements.

44

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited) Balance at September 30, 2025December 31, 2024LIABILITIES AND SHAREHOLDERS’ EQUITY  Current Liabilities  Short-term borrowings$1,025 $1,523 Long-term debt, classified as current (includes $218 million and $222 million related to VIEs at respective dates)2,769 2,146 Accounts payableTrade creditors3,016 2,745 Regulatory balancing accounts2,561 3,169 Other731 729 Operating lease liabilities87 85 Financing lease liabilities1 577 Interest payable (includes $156 million and $91 million related to VIEs at respective dates)596 667 Wildfire-related claims492 916 Other3,663 3,331 Total current liabilities14,941 15,888 Noncurrent Liabilities  Long-term debt (includes $11.8 billion and $10.1 billion related to VIEs at respective dates)49,912 47,958 Regulatory liabilities20,061 19,417 Pension and other postretirement benefits768 741 Asset