Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 189

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Item 1A
Chunk 189
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181 162 Wildfire-related accounts301 979 Insurance premium costs— 38 Residential uncollectibles balancing accounts219 260 Catastrophic event memorandum account244 500 General rate case memorandum accounts278 1,113 Other618 1,014 Total regulatory balancing accounts receivable$4,827 $7,227 Balance at(in millions)September 30, 2025December 31, 2024Electric transmission$244 $883 Gas distribution and transmission51 72 Energy procurement777 329 Public purpose programs493 882 SFGO sale62 93 Wildfire-related accounts319 337 Nuclear decommissioning adjustment mechanism— 23 Other615 550 Total regulatory balancing accounts payable$2,561 $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 September 30, 2025:(in millions)TerminationDateMaximum Facility LimitLoans OutstandingLetters of Credit OutstandingFacilityAvailabilityUtility revolving credit facility June 2030$5,400 (1)$— $(320)$5,080 Utility Receivables Securitization Program (2)June 20271,750 (3)(1,750)— — (3)PG&E Corporation revolving credit facilityJune 2028650 — — 650 Total credit facilities$7,800 $(1,750)$(320)$5,730 (1) Includes a $2.0 billion letter of credit sublimit.(2) For more information on the Receivables Securitization Program, see “Variable Interest Entities” in Note 2 above.(3) The amount the Utility may borrow under the Receivables Securitization Program is limited to the lesser of the facility limit and the facility availability.  Further, the facility availability may vary based on the amount of accounts receivable that the Utility owns that are eligible for sale to the SPV and the portion of those accounts receivable that are sold to the SPV that are eligible for advances by the lenders under the Receivables Securitization Program. 

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UtilityOn April 11, 2025,