PACIFIC GAS & ELECTRIC Co

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 12, 2026

PCG$13.23+0.7%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share amounts)

	Year ended December 31,
	2025	2024	2023
Operating Revenues
Electric	$18,318	$17,811	$17,424
Natural gas	6,617	6,608	7,004
Total operating revenues	24,935	24,419	24,428
Operating Expenses
Cost of electricity	2,609	2,261	2,443
Cost of natural gas	1,107	1,192	1,754
Operating and maintenance	11,349	11,808	11,924
SB 901 securitization charges, net	35	33	1,267
Wildfire-related claims, net of recoveries	100	94	64
Wildfire Fund expense	352	383	567
Depreciation, amortization, and decommissioning	4,634	4,189	3,738
Total operating expenses	20,186	19,960	21,757
Operating Income	4,749	4,459	2,671
Interest income	520	604	606
Interest expense	(3,028)	(3,051)	(2,850)
Other income, net	182	300	272
Income Before Income Taxes	2,423	2,312	699
Income tax benefit	(280)	(200)	(1,557)
Net Income	2,703	2,512	2,256
Preferred stock dividend requirement	110	37	14
Income Available for Common Shareholders	$2,593	$2,475	$2,242
Weighted Average Common Shares Outstanding, Basic	2,197	2,141	2,064
Weighted Average Common Shares Outstanding, Diluted	2,202	2,147	2,138
Net Income Per Common Share, Basic	$1.18	$1.16	$1.09
Net Income Per Common Share, Diluted	$1.18	$1.15	$1.05

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.