Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 165

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 165
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— — — 23 — 23 Common stock dividends declared— — — — (22)— (22)— (22)Preferred stock dividend requirement of subsidiary — — — — (3)— (3)— (3)Balance at September 30, 20242,137,544,854 $30,402 — $— $(3,558)$(10)$26,834 $252 $27,086 

See accompanying Notes to the Condensed Consolidated Financial Statements.

41

PACIFIC GAS AND ELECTRIC COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in millions)(Unaudited) Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Operating Revenues  Electric$4,755 $4,538 $13,304 $13,048 Natural gas1,495 1,403 4,827 4,740 Total operating revenues6,250 5,941 18,131 17,788 Operating Expenses  Cost of electricity1,015 835 2,013 1,919 Cost of natural gas131 89 738 822 Operating and maintenance2,636 2,678 8,128 8,062 SB 901 securitization charges, net35 33 35 33 Wildfire-related claims, net of recoveries1 74 100 70 Wildfire Fund expense86 139 271 295 Depreciation, amortization, and decommissioning1,132 1,059 3,302 3,134 Total operating expenses5,036 4,907 14,587 14,335 Operating Income1,214 1,034 3,544 3,453 Interest income91 153 384 486 Interest expense(691)(721)(2,059)(2,125)Other income, net97 82 251 240 Income Before Income Taxes711 548 2,120 2,054 Income tax (benefit) expense(202)(70)(100)90 Net Income913 618 2,220 1,964 Preferred stock dividend requirement3 3 10 10 Income Available for Common Stock$910 $615 $2,210 $1,954