PACIFIC GAS & ELECTRIC Co

For the period ended Sep 30, 2026. Filed Oct 22, 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.

Sep 30, 2026 · Filed Oct 22, 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
	September 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$339	$353
Restricted cash and restricted cash equivalents (includes $370 million and $225 million related to VIEs at respective dates)	404	258
Accounts receivable
Customers (net of allowance for doubtful accounts of $391 million and $408 million at respective dates) (includes $1.8 billion and $1.9 billion related to VIEs, net of allowance for doubtful accounts of $391 million and $408 million at respective dates)	2,205	2,267
Accrued unbilled revenue (includes $1.4 billion and $1.3 billion related to VIEs at respective dates)	1,613	1,463
Regulatory balancing accounts	4,846	6,300
Other (net of allowance for doubtful accounts of $28 million and $69 million at respective dates)	1,635	1,725
Regulatory assets	159	305
Inventories
Gas stored underground and fuel oil	68	75
Materials and supplies	789	745
Wildfire Fund asset	286	297
Wildfire self-insurance asset	1,008	1,043
Other	865	643
Total current assets	14,217	15,474
Property, Plant, and Equipment
Property, Plant, and Equipment	136,222	128,989
Construction work in progress	5,114	4,626
Financing lease ROU asset and other	—	2
Total property, plant, and equipment	141,336	133,617
Accumulated depreciation	(38,781)	(37,269)
Net property, plant, and equipment	102,555	96,348
Other Noncurrent Assets
Regulatory assets	16,531	15,981
Customer credit trust	408	804
Nuclear decommissioning trusts	4,432	4,230
Operating lease ROU asset	448	445
Wildfire Fund asset	3,373	3,728
Other (includes noncurrent accounts receivable of $76 million and $67 million related to VIEs, net of noncurrent allowance for doubtful accounts of $17 million and $15 million and $272 million and $0 of noncurrent restricted cash related to the DOE’s Civil Nuclear Credit Program at respective dates)	4,599	4,073
Total other noncurrent assets	29,791	29,261
TOTAL ASSETS	$146,563	$141,083

(Unaudited)
	Balance at
	September 30, 2026	December 31, 2025
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings	$2,205	$2,675
Long-term debt, classified as current (includes $227 million and $221 million related to VIEs at respective dates)	1,474	821
Accounts payable
Trade creditors	3,051	3,352
Regulatory balancing accounts	2,406	3,119
Other	781	844
Operating lease liabilities	94	90
Interest payable (includes $154 million and $72 million related to VIEs at respective dates)	709	673
Wildfire-related claims	173	524
Other	3,174	3,710
Total current liabilities	14,067	15,808
Noncurrent Liabilities
Long-term debt (includes $11.5 billion and $11.7 billion related to VIEs at respective dates)	54,729	51,766
Regulatory liabilities	20,369	20,188
Pension and other postretirement benefits	430	482
Asset retirement obligations	5,654	5,439
Deferred income taxes	5,678	4,732
Operating lease liabilities	354	355
Financing lease liabilities	—	2
Other	4,914	4,474
Total noncurrent liabilities	92,128	87,438
Shareholders’ Equity
Preferred stock	258	258
Common stock, $5 par value, authorized 800,000,000 shares; 264,374,809 shares outstanding at respective dates	1,322	1,322
Additional paid-in capital	39,327	37,505
Reinvested earnings	(505)	(1,225)
Accumulated other comprehensive loss	(34)	(23)
Total shareholders’ equity	40,368	37,837
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$146,563	$141,083

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.