PACIFIC GAS & ELECTRIC Co

For the period ended Mar 31, 2026. Filed Apr 23, 2026.

About this filing

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$13.14+1.3%Stored close · as of Nov 9, 2026

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Contents

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
	Balance at
	March 31, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$441	$353
Restricted cash and restricted cash equivalents (includes $325 million and $225 million related to VIEs at respective dates)	358	258
Accounts receivable
Customers (net of allowance for doubtful accounts of $407 million and $408 million at respective dates) (includes $1.6 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $407 million and $408 million at respective dates)	1,928	2,267
Accrued unbilled revenue (includes $1.3 billion related to VIEs at respective dates)	1,436	1,463
Regulatory balancing accounts	5,025	6,300
Other (net of allowance for doubtful accounts of $72 million and $69 million at respective dates)	1,856	1,725
Regulatory assets	230	305
Inventories
Gas stored underground and fuel oil	68	75
Materials and supplies	763	745
Wildfire Fund asset	295	297
Wildfire self-insurance asset	1,050	1,043
Other	705	643
Total current assets	14,155	15,474
Property, Plant, and Equipment
Property, Plant, and Equipment	131,319	128,989
Construction work in progress	4,753	4,626
Financing lease ROU asset and other	—	2
Total property, plant, and equipment	136,072	133,617
Accumulated depreciation	(37,849)	(37,269)
Net property, plant, and equipment	98,223	96,348
Other Noncurrent Assets
Regulatory assets	15,722	15,981
Customer credit trust	691	804
Nuclear decommissioning trusts	4,185	4,230
Operating lease ROU asset	494	445
Wildfire Fund asset	3,629	3,728
Other (includes noncurrent accounts receivable of $78 million and $67 million related to VIEs, net of noncurrent allowance for doubtful accounts of $19 million and $15 million at respective dates)	4,010	4,073
Total other noncurrent assets	28,731	29,261
TOTAL ASSETS	$141,109	$141,083

(Unaudited)
	Balance at
	March 31, 2026	December 31, 2025
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings	$1,675	$2,675
Long-term debt, classified as current (includes $222 million and $221 million related to VIEs at respective dates)	622	821
Accounts payable
Trade creditors	2,833	3,352
Regulatory balancing accounts	1,596	3,119
Other	831	844
Operating lease liabilities	88	90
Interest payable (includes $155 million and $72 million related to VIEs at respective dates)	641	673
Wildfire-related claims	380	524
Other	3,259	3,710
Total current liabilities	11,925	15,808
Noncurrent Liabilities
Long-term debt (includes $11.6 billion and $11.7 billion related to VIEs at respective dates)	53,535	51,766
Regulatory liabilities	20,265	20,188
Pension and other postretirement benefits	470	482
Asset retirement obligations	5,507	5,439
Deferred income taxes	5,035	4,732
Operating lease liabilities	406	355
Financing lease liabilities	—	2
Other	4,832	4,474
Total noncurrent liabilities	90,050	87,438
Shareholders’ Equity
Preferred stock	258	258
Common stock, $5 par value, authorized 800,000,000 shares; 800,000,000 shares outstanding at respective dates	1,322	1,322
Additional paid-in capital	38,482	37,505
Reinvested earnings	(899)	(1,225)
Accumulated other comprehensive loss	(29)	(23)
Total shareholders’ equity	39,134	37,837
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$141,109	$141,083

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