Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 133

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1A
Chunk 133
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 to VIEs, net of allowance for doubtful accounts of $424 million and $418 million at respective dates)2,133 2,220 Accrued unbilled revenue (includes $1.3 billion and $1.3 billion related to VIEs at respective dates)1,409 1,487 Regulatory balancing accounts5,852 7,227 Other (net of allowance for doubtful accounts of $40 million and $35 million at respective dates)1,879 1,810 Regulatory assets212 234 InventoriesGas stored underground and fuel oil45 52 Materials and supplies744 768 Wildfire Fund asset301 301 Wildfire self-insurance asset939 905 Other973 999 Total current assets16,893 17,216 Property, Plant, and Equipment  Property, Plant, and Equipment120,256 118,262 Construction work in progress4,635 4,458 Financing lease ROU asset and other814 814 Total property, plant, and equipment125,705 123,534 Accumulated depreciation(36,034)(35,305)Net property, plant, and equipment89,671 88,229 Other Noncurrent Assets  Regulatory assets15,551 15,561 Customer credit trust949 377 Nuclear decommissioning trusts3,854 3,833 Operating lease ROU asset513 524 Wildfire Fund asset3,995 4,070 Income taxes receivable1 1 Other (includes noncurrent accounts receivable of $84 million and $82 related to VIEs, net of noncurrent allowance for doubtful accounts of $19 million and $18 at respective dates)4,016 3,849 Total other noncurrent assets28,879 28,215 TOTAL ASSETS$135,443 $133,660 

See accompanying Notes to the Condensed Consolidated Financial Statements.

32

PG&E CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)(Unaudited)Balance atMarch 31, 2025December 31, 2024LIABILITIES AND EQUITY  Current Liabilities  Short-term borrowings$1,524 $1,523 Long-term debt, classified as current (includes $223 million and $222 million related to VIEs at respective dates)