PACIFIC GAS & ELECTRIC Co
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
PCG$13.23+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF INCOME
| 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 | 11,337 | 11,787 | 11,913 |
| 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 | 20,174 | 19,939 | 21,746 |
| Operating Income | 4,761 | 4,480 | 2,682 |
| Interest income | 509 | 589 | 593 |
| Interest expense | (2,713) | (2,781) | (2,485) |
| Other income, net | 328 | 319 | 293 |
| Income Before Income Taxes | 2,885 | 2,607 | 1,083 |
| Income tax benefit | (194) | (105) | (1,461) |
| Net Income | 3,079 | 2,712 | 2,544 |
| Preferred stock dividend requirement | 14 | 14 | 14 |
| Income Available for Common Stock | $3,065 | $2,698 | $2,530 |
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