Company: PCG-PB
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001004980-25-000087
Chunk: 156

Company: PG&E Corp
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1A
Chunk 156
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)March 31, 2025December 31, 2024Cost of removal obligations$9,126 $8,943 Public purpose programs1,166 1,112 Employee benefit plans1,092 1,088 Transmission tower wireless licenses294 306 SFGO sale59 79 SB 901 securitization6,203 6,295 Wildfire self-insurance805 804 Other892 790 Total noncurrent regulatory liabilities$19,637 $19,417 

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Regulatory Balancing AccountsCurrent regulatory balancing accounts receivable and payable are comprised of the following:Balance at(in millions)March 31, 2025December 31, 2024Electric distribution$1,823 $1,591 Electric transmission131 117 Gas distribution and transmission149 387 Energy procurement961 1,066 Public purpose programs275 162 Wildfire-related accounts879 979 Insurance premium costs— 38 Residential uncollectibles balancing accounts72 260 Catastrophic event memorandum account401 500 General rate case memorandum accounts835 1,113 Other326 1,014 Total regulatory balancing accounts receivable$5,852 $7,227 Balance at(in millions)March 31, 2025December 31, 2024Electric transmission$692 $883 Gas distribution and transmission273 72 Energy procurement358 329 Public purpose programs547 882 SFGO sale21 93 Wildfire-related accounts225 337 Nuclear decommissioning adjustment mechanism21 23 Other438 550 Total regulatory balancing accounts payable$2,575 $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.

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 March 31, 2025:(in millions)TerminationDateMaximum Facility LimitLoans OutstandingLetters of Credit OutstandingFacilityAvailabilityUtility revolving credit facility June 2029(1)$4,400 (2)$— $(427)$3,973 Utility Receivables Securitization Program (3)June 20261,500 (4)— — 1,500 (4)PG