Company: PCG-PB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001004980-25-000010
Chunk: 149

Company: PG&E Corp
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 149
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)      Total revenue from contracts with customers - electric18,641 15,100 14,832 Regulatory balancing accounts (2)(830)2,324 228 Total electric operating revenue$17,811 $17,424 $15,060 Natural gasRevenue from contracts with customers   Residential$3,089 $3,686 $3,353    Commercial984 1,052 1,005    Transportation service only1,815 1,603 1,534    Other, net (1)159 (145)163       Total revenue from contracts with customers - gas6,047 6,196 6,055 Regulatory balancing accounts (2)561 808 565 Total natural gas operating revenue6,608 7,004 6,620 Total operating revenues$24,419 $24,428 $21,680 (1) This activity is primarily related to the change in unbilled revenue and amounts subject to refund, partially offset by other miscellaneous revenue items.(2) These amounts represent alternative revenues authorized to be billed or refunded to customers.

Financial Assets Measured at Amortized Cost – Credit LossesPG&E Corporation and the Utility use the current expected credit loss model to estimate the expected lifetime credit loss on financial assets measured at amortized cost.  PG&E Corporation and the Utility evaluate credit risk in their portfolio of financial assets quarterly.  As of December 31, 2024, PG&E Corporation and the Utility identified the following significant categories of financial assets.Trade ReceivablesTrade receivables are represented by customer accounts.  PG&E Corporation and the Utility record an allowance for doubtful accounts to recognize an estimate of expected lifetime credit losses.  The allowance is determined on a collective basis based on the historical amounts written-off and an assessment of customer collectability.  Furthermore, economic conditions are evaluated as part of the estimate of expected lifetime credit losses.Expected credit losses of $341 million, $636 million, and $143 million were recorded in Operating and maintenance expense on the Consolidated Statements of Income for credit losses associated with trade and other receivables during the years ended December 31, 2024, 2023, and 2022, respectively.  The portion of expected credit losses that are deemed probable of recovery are deferred to the RUBA and a FERC regulatory asset account.  As of December 31, 2024,