PACIFIC GAS & ELECTRIC Co

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

Jun 30, 2026 · Filed Jul 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
	June 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$256	$353
Restricted cash and restricted cash equivalents (includes $215 million and $225 million related to VIEs at respective dates)	248	258
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)	1,830	1,725
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	804	643
Total current assets	14,712	15,474
Property, Plant, and Equipment
Property, Plant, and Equipment	133,883	128,989
Construction work in progress	4,809	4,626
Financing lease ROU asset and other	—	2
Total property, plant, and equipment	138,692	133,617
Accumulated depreciation	(38,511)	(37,269)
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	481	445
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)	4,192	4,073
Total other noncurrent assets	29,290	29,261
TOTAL ASSETS	$144,183	$141,083

(Unaudited)
	Balance at
	June 30, 2026	December 31, 2025
LIABILITIES AND SHAREHOLDERS’ 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	3,006	3,352
Regulatory balancing accounts	2,142	3,119
Other	876	844
Operating lease liabilities	91	90
Interest payable (includes $70 million and $72 million related to VIEs at respective dates)	716	673
Wildfire-related claims	309	524
Other	2,725	3,710
Total current liabilities	12,315	15,808
Noncurrent Liabilities
Long-term debt (includes $11.6 billion and $11.7 billion related to VIEs at respective dates)	55,155	51,766
Regulatory liabilities	20,385	20,188
Pension and other postretirement benefits	450	482
Asset retirement obligations	5,581	5,439
Deferred income taxes	5,352	4,732
Operating lease liabilities	390	355
Financing lease liabilities	—	2
Other	4,902	4,474
Total noncurrent liabilities	92,215	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	38,802	37,505
Reinvested earnings	(697)	(1,225)
Accumulated other comprehensive loss	(32)	(23)
Total shareholders’ equity	39,653	37,837
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$144,183	$141,083

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