PACIFIC GAS & ELECTRIC Co

For the period ended Jun 30, 2026. Filed Jul 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.

Jun 30, 2026 · Filed Jul 23, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)
	Balance at
	June 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$972	$713
Restricted cash and restricted cash equivalents (includes $215 million and $225 million related to VIEs at respective dates)	249	259
Accounts receivable
Customers (net of allowance for doubtful accounts of $402 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 $400 million and $408 million at respective dates)	1,884	2,267
Accrued unbilled revenue (includes $1.7 billion and $1.3 billion related to VIEs at respective dates)	1,909	1,463
Regulatory balancing accounts	5,380	6,300
Other (net of allowance for doubtful accounts of $19 million and $69 million at respective dates)	1,822	1,719
Regulatory assets	196	305
Inventories
Gas stored underground and fuel oil	70	75
Materials and supplies	785	745
Wildfire Fund asset	291	297
Wildfire self-insurance asset	1,059	1,043
Other	787	644
Total current assets	15,404	15,830
Property, Plant, and Equipment
Property, Plant, and Equipment	133,883	128,989
Construction work in progress	4,810	4,627
Financing lease ROU asset and other	—	2
Total property, plant, and equipment	138,693	133,618
Accumulated depreciation	(38,512)	(37,270)
Net property, plant, and equipment	100,181	96,348
Other Noncurrent Assets
Regulatory assets	16,125	15,981
Customer credit trust	553	804
Nuclear decommissioning trusts	4,431	4,230
Operating lease ROU asset	485	450
Wildfire Fund asset	3,508	3,728
Other (includes noncurrent accounts receivable of $77 million and $67 million related to VIEs, net of noncurrent allowance for doubtful accounts of $19 million and $15 million at respective dates)	4,389	4,240
Total other noncurrent assets	29,491	29,433
TOTAL ASSETS	$145,076	$141,611

(Unaudited)
	Balance at
	June 30, 2026	December 31, 2025
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings	$1,375	$2,675
Long-term debt, classified as current (includes $226 million and $221 million related to VIEs at respective dates)	1,075	821
Accounts payable
Trade creditors	3,009	3,353
Regulatory balancing accounts	2,142	3,119
Other	915	929
Operating lease liabilities	91	90
Interest payable (includes $70 million and $72 million related to VIEs at respective dates)	833	764
Wildfire-related claims	309	524
Other	2,918	4,025
Total current liabilities	12,667	16,300
Noncurrent Liabilities
Long-term debt (includes $11.6 billion and $11.7 billion related to VIEs at respective dates)	61,768	57,387
Regulatory liabilities	20,385	20,188
Pension and other postretirement benefits	517	549
Asset retirement obligations	5,581	5,439
Deferred income taxes	4,717	4,135
Operating lease liabilities	394	360
Financing lease liabilities	—	2
Other	4,894	4,459
Total noncurrent liabilities	98,256	92,519
Equity
Shareholders’ Equity
Mandatory convertible preferred stock	1,579	1,579
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,202,366,726 and 2,197,942,874 shares outstanding at respective dates	31,636	31,636
Reinvested earnings	719	(650)
Accumulated other comprehensive loss	(33)	(25)
Total shareholders’ equity	33,901	32,540
Noncontrolling Interest - Preferred Stock of Subsidiary	252	252
Total equity	34,153	32,792
TOTAL LIABILITIES AND EQUITY	$145,076	$141,611

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.