PACIFIC GAS & ELECTRIC Co
For the period ended Mar 31, 2026. Filed Apr 23, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 23, 2026
PCG$12.97-2.0%Stored close · as of Nov 6, 2026
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| UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C., 20549 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FORM · 10-Q | |||||||||
| (Mark One) | |||||||||
| ☒ · QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 | |||||||||
| For the quarterly period ended · March 31, 2026 | |||||||||
| OR | |||||||||
| ☐ · TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||||
| For the transition period from ___________ to __________ | |||||||||
| CommissionFileNumber · Exact Name ofRegistrantas Specifiedin its Charter · State or OtherJurisdiction ofIncorporation · IRS EmployerIdentificationNumber | |||||||||
| 1-12609 | PG&E Corporation | California | 94-3234914 | ||||||
| 1-2348 | Pacific Gas and Electric Company | California | 94-0742640 | ||||||
| PG&E Corporation | Pacific Gas and Electric Company | ||||||||
| 300 Lakeside Drive | 300 Lakeside Drive | ||||||||
| Oakland, | California | 94612 | Oakland, | California | 94612 | ||||
| Address of principal executive offices, including zip code | |||||||||
| PG&E Corporation | Pacific Gas and Electric Company | ||||||||
| 415 | 973-1000 | 415 | 973-7000 | ||||||
| Registrant’s telephone number, including area code | |||||||||
| Securities registered pursuant to Section 12(b) of the Act: | ||
|---|---|---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, no par value | PCG | The New York Stock Exchange |
| First preferred stock, cumulative, par value $25 per share, 6% nonredeemable | PCG-PA | NYSE American LLC |
| First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable | PCG-PB | NYSE American LLC |
| First preferred stock, cumulative, par value $25 per share, 5% nonredeemable | PCG-PC | NYSE American LLC |
| First preferred stock, cumulative, par value $25 per share, 5% redeemable | PCG-PD | NYSE American LLC |
| First preferred stock, cumulative, par value $25 per share, 5% series A redeemable | PCG-PE | NYSE American LLC |
| First preferred stock, cumulative, par value $25 per share, 4.80% redeemable | PCG-PG | NYSE American LLC |
| First preferred stock, cumulative, par value $25 per share, 4.50% redeemable | PCG-PH | NYSE American LLC |
| First preferred stock, cumulative, par value $25 per share, 4.36% redeemable | PCG-PI | NYSE American LLC |
| 6.000% Series A Mandatory Convertible Preferred Stock, no par value | PCG-PrX | The New York Stock Exchange |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. | |||||
|---|---|---|---|---|---|
| PG&E Corporation: | ☒ | Yes | ☐ | No | |
| Pacific Gas and Electric Company: | ☒ | Yes | ☐ | No | |
| Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). | |||||
| PG&E Corporation: | ☒ | Yes | ☐ | No | |
| Pacific Gas and Electric Company: | ☒ | Yes | ☐ | No | |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. | |||||
|---|---|---|---|---|---|
| PG&E Corporation: | ☒ | Large accelerated filer | ☐ | Accelerated filer | |
| ☐ | Non-accelerated filer | ||||
| ☐ | Smaller reporting company | ☐ | Emerging growth company | ||
| Pacific Gas and Electric Company: | ☐ | Large accelerated filer | ☐ | Accelerated filer | |
| ☒ | Non-accelerated filer | ||||
| ☐ | Smaller reporting company | ☐ | Emerging growth company | ||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | |||||
| PG&E Corporation: | ☐ | ||||
| Pacific Gas and Electric Company: | ☐ | ||||
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). | |||||
| PG&E Corporation: | ☐ | Yes | ☒ | No | |
| Pacific Gas and Electric Company: | ☐ | Yes | ☒ | No | |
| Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. | |||||
| PG&E Corporation: | ☒ | Yes | ☐ | No | |
| Pacific Gas and Electric Company: | ☒ | Yes | ☐ | No | |
| Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. | |
|---|---|
| Common stock outstanding as of April 15, 2026: | |
| PG&E Corporation: | 2,679,968,318* |
| Pacific Gas and Electric Company: | 264,374,809 |
| *Includes 477,743,590 shares of common stock held by Pacific Gas and Electric Company. | |
PG&E CORPORATION AND
FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026
TABLE OF CONTENTS
| SEC Form 10-Q Reference Number | ||
| GLOSSARY | ||
|---|---|---|
| FORWARD-LOOKING STATEMENTS | ||
| RISK FACTORS | Part II, Item 1A | |
| MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | Part I, Item 2 | |
| OVERVIEW | ||
| RESULTS OF OPERATIONS | ||
| LIQUIDITY AND FINANCIAL RESOURCES | ||
| REGULATORY MATTERS | ||
| LEGISLATIVE INITIATIVES | ||
| LITIGATION AND OTHER MATTERS | ||
| ENVIRONMENTAL MATTERS | ||
| RISK MANAGEMENT ACTIVITIES | ||
| CRITICAL ACCOUNTING ESTIMATES | ||
| ACCOUNTING STANDARDS ISSUED BUT NOT YET ADOPTED | ||
| CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | Part I, Item 1 | |
| PG&E CORPORATION | ||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| CONDENSED CONSOLIDATED STATEMENTS OF EQUITY | ||
| PACIFIC GAS AND ELECTRIC COMPANY | ||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY | ||
| NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) | ||
| NOTE 1: ORGANIZATION AND BASIS OF PRESENTATION | ||
| NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
| NOTE 3: REGULATORY ASSETS, LIABILITIES, AND BALANCING ACCOUNTS | ||
| NOTE 4: DEBT | ||
| NOTE 5: SB 901 SECURITIZATION AND CUSTOMER CREDIT TRUST | ||
| NOTE 6: EQUITY | ||
| NOTE 7: EARNINGS PER SHARE | ||
| NOTE 8: DERIVATIVES | ||
| NOTE 9: FAIR VALUE MEASUREMENTS | ||
| NOTE 10: WILDFIRE-RELATED CONTINGENCIES | ||
| NOTE 11: OTHER CONTINGENCIES AND COMMITMENTS | ||
| QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | Part I, Item 3 | |
| CONTROLS AND PROCEDURES | Part I, Item 4 | |
| LEGAL PROCEEDINGS | Part II, Item 1 | |
| UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | Part II, Item 2 | |
| OTHER INFORMATION | Part II, Item 5 |
|---|---|
| EXHIBITS | Part II, Item 6 |
| SIGNATURES | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.