Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 65

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 these amounts to a regulatory account since they are probable of recovery or refund through rates in future periods.Pension BenefitsOther BenefitsSix Months Ended June 30,(in millions)2025202420252024Service cost for benefits earned (1)$212 $198 $19 $21 Interest cost504 458 37 36 Expected return on plan assets(527)(507)(75)(70)Amortization of prior service cost (credit)(1)(2)1 1 Amortization of net actuarial loss (gain)1 1 (11)(11)Net periodic benefit cost189 148 (29)(23)Regulatory account transfer (2)(20)(19)— — Total$169 $129 $(29)$(23)(1) A portion of service costs is capitalized pursuant to GAAP.(2) The Utility recorded these amounts to a regulatory account since they are probable of recovery from, or refund to, customers in future rates.Non-service costs are reflected in Other income, net on the Condensed Consolidated Statements of Income.  Service costs are reflected in Operating and maintenance on the Condensed Consolidated Statements of Income.There was no material difference between PG&E Corporation and the Utility for the information disclosed above.

54

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)The changes, net of income tax, in PG&E Corporation’s Accumulated other comprehensive income (loss) consisted of the following:PensionBenefitsOtherBenefitsAvailable-for-Sale Securities(2)Total(in millions, net of income tax)Three Months Ended June 30, 2025Beginning balance$(35)$18 $10 $(7)Other comprehensive income before reclassificationGain on investments (net of taxes of $0, $0 and $3, respectively)— — 7 7 Amounts reclassified from other comprehensive income: (1)Amortization of prior service cost (net of taxes of $0, $0, and $0, respectively)(1)1 — — Amortization of net actuarial loss (gain) (net of taxes of $0, $2, and $0, respectively)1 (4)— (3)Regulatory account transfer (net of taxes of $0, $2, and $0, respectively)1 3 — 4 Net current period other comprehensive gain1 — 7 8 Ending balance$(34)$18