Tables

Tables in the 10-Q of PG&E Corp

74 tables with numbers, filed Oct 22, 2026. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549
				FORM	10-Q
(Mark One)
☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
		For the quarterly period ended	September 30, 2026
			OR
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___________ to __________

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

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.

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 October 14, 2026:
PG&E Corporation:	2,680,173,293*
Pacific Gas and Electric Company:	264,374,809
*Includes 477,743,590 shares of common stock held by Pacific Gas and Electric Company.

		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

AB	Assembly Bill
ASU	accounting standard update issued by the Financial Accounting Standards Board
Bankruptcy Court	the United States Bankruptcy Court for the Northern District of California
CAISO	California Independent System Operator Corporation
Cal Fire	California Department of Forestry and Fire Protection
CEMA	Catastrophic Event Memorandum Account
Chapter 11	Chapter 11 of Title 11 of the United States Code
Chapter 11 Cases	the voluntary cases commenced by each of PG&E Corporation and the Utility under Chapter 11 on January 29, 2019

	Three Months Ended September 30,	Net Change		Percentage Change	Nine Months Ended September 30,	Net Change		Percentage Change
(in millions)	2026	2025			2026	2025
Consolidated Total	$749		$823		$(74)		(9)%		$2,340	$1,951	$389	20%
PG&E Corporation	(68)		(87)		19		(22)%		(255)	(259)	4	(2)%
Utility	$817		$910		$(93)		(10)%		$2,595	$2,210	$385	17%

(in millions)	Nine Months Ended September 30,
Cash used in investing activities - 2025	$(9,250)
Capital expenditures	(990)
Net purchases related to customer credit trust investments	821
Net purchases related to self-insurance investment and other investing activities	123
Net decrease in cash used in investing activities	(46)
Cash used in investing activities - 2026	$(9,296)

(in millions)	Nine Months Ended September 30,
Cash provided by financing activities - 2025	$1,874
Net borrowings under credit facilities	(1,540)
Net repayments under term loan	(180)
Proceeds from issuances of long-term debt, net of repayments	2,746
Dividend payments	(149)
Equity contributions from PG&E Corporation	527
Other financing activities	(112)

Proceeding	Request	Status
2023 WMCE	$2.18 billion of cost recovery	Final decision authorizing $1.9 billion of costs issued February 2026. Application for rehearing filed March 2026 and denied in August 2026. Appealed in September 2026.
2024 WMCE	$596 million of cost recovery	Application filed November 2024. A PD is expected by February 2027.
2023 WGSC	$2.5 billion of cost recovery	Application filed June 2023. Decision authorizing $516 million of interim rate relief adopted March 2024. Track 1 PD authorizing recovery of approximately $1.8 billion of wildfire mitigation costs issued September 2026. A final decision is expected by March 2027.
Kincade and Dixie AB 1054	Review of 2019 Kincade fire and 2021 Dixie fire costs, including recovery of approximately $1.9 billion	Application filed November 2025. A PD is expected by November 2026.

	Three Months Ended September 30,	Net Change		Percentage Change	Nine Months Ended September 30,	Net Change		Percentage Change
(in millions)	2026	2025			2026	2025
Electric	$4,660		$4,755		$(95)		(2)%		$14,015	$13,304	$711	5%
Natural gas	1,528		1,495		33		2%		4,956	4,827	129	3%
Total operating revenues	6,188		6,250		(62)		(1)%		18,971	18,131	840	5%
Cost of electricity	904		1,015		(111)		(11)%		2,265	2,013	252	13%
Cost of natural gas	109		131		(22)		(17)%		694	738	(44)	(6)%
Operating and maintenance	2,541		2,636		(95)		(4)%		8,182	8,128	54	1%

(in millions)	Recorded Costs
Wildfire mitigation plan memorandum account	$2,095
Fire risk mitigation memorandum account	165
Gas storage balancing account	101
In line inspection memorandum account	92
Other	45
Total	$2,498

	(Unaudited)
	Three Months Ended September 30,	Nine Months Ended September 30,
	2026	2025		2026	2025
Operating Revenues
Electric	$4,660		$4,755		$14,015	$13,304
Natural gas	1,528		1,495		4,956	4,827
Total operating revenues	6,188		6,250		18,971	18,131
Operating Expenses

	(Unaudited)
	Three Months Ended September 30,	Nine Months Ended September 30,
	2026	2025		2026	2025
Net Income	$776		$850		$2,422	$2,033
Other Comprehensive Income
Pension and other postretirement benefit plans obligations (net of taxes of $0, $0, $1, and $0 respectively)	—		—		1	1
Net unrealized gain (loss) on available-for-sale securities (net of taxes of $3, $1, $7, and $4 respectively)	(2)		(4)		(12)	10
Total other comprehensive income (loss)	(2)		(4)		(11)	11

	(Unaudited)
	Balance at
	September 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$902		$713
Restricted cash and restricted cash equivalents (includes $370 million and $225 million related to VIEs at respective dates)	404		259
Accounts receivable

Net cash provided by financing activities	3,790	2,053
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents	334	(441)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at January 1	972	1,213
Cash, cash equivalents, restricted cash, and restricted cash equivalents at September 30	$1,306	$772
Less: Restricted cash and restricted cash equivalents	(404)	(368)
Cash and cash equivalents at September 30	$902	$404

Supplemental disclosures of cash flow information
Cash paid for:
Interest, net of amounts capitalized	$(2,226)	$(2,079)
Income taxes, net	(165)	—
Supplemental disclosures of noncash investing and financing activities
Capital expenditures financed through accounts payable	$1,609	$1,416
Operating lease liabilities arising from ROU assets	68	—
DWR loan forgiveness and performance-based disbursements	28	95

	Preferred Stock		Common Stock		Reinvested Earnings	Accumulated Other Comprehensive Income (Loss)	Total Shareholders' Equity	Non- controlling Interest - Preferred Stock of Subsidiary		Total Equity
		Shares		Amount
Balance at December 31, 2025	$1,579			2,197,942,874	$31,636				$(650)		$(25)	$32,540	$252	$32,792
Net income	—			—	—				885		—	885	—	885
Other comprehensive loss	—			—	—				—		(6)	(6)	—	(6)
Common stock issued, net	—			4,281,854	—				—		—	—	—	—
Stock-based compensation amortization	—			—	(31)				—		—	(31)	—	(31)
Common stock dividends declared	—			—	—				(111)		—	(111)	—	(111)

Equity contribution from PG&E Corporation	1,822	1,295
Other	39	156
Net cash provided by financing activities	3,166	1,874
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents	132	(357)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at January 1	611	977
Cash, cash equivalents, restricted cash, and restricted cash equivalents at September 30	$743	$620
Less: Restricted cash and restricted cash equivalents	(404)	(367)
Cash and cash equivalents at September 30	$339	$253

	Preferred Stock	Common Stock		Additional Paid-in Capital	Reinvested Earnings	Accumulated Other Comprehensive Income (Loss)		Total Shareholders' Equity
Balance at December 31, 2025	$258		$1,322		$37,505		$(1,225)		$(23)	$37,837
Net income	—		—		—		954		—	954
Other comprehensive loss	—		—		—		—		(6)	(6)
Equity contribution	—		—		977		—		—	977
Common stock dividend	—		—		—		(625)		—	(625)
Preferred stock dividend requirement	—		—		—		(3)		—	(3)
Balance at March 31, 2026	$258		$1,322		$38,482		$(899)		$(29)	$39,134

	Pension Benefits	Other Benefits
	Three Months Ended September 30,
(in millions)	2026	2025		2026	2025
Service cost for benefits earned (1)	$115		$106		$11	$9
Interest cost	256		252		20	18
Expected return on plan assets	(307)		(263)		(39)	(37)
Amortization of prior service cost (credit)	(1)		(1)		1	1
Amortization of net actuarial loss (gain)	1		—		(4)	(6)

	Pension Benefits	Other Benefits		Available-for-Sale Securities(2)	Total
(in millions, net of income tax)	Three Months Ended September 30, 2026
Beginning balance	$(46)		$19		$(1)	$(28)
Other comprehensive income before reclassification
Loss on investments (net of taxes of $0, $0 and $3, respectively)	—		—		(3)	(3)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost (net of taxes of $0, $0 and $1, respectively)	—		1		—	1
Amortization of net actuarial gain (net of taxes of $1, $1, and $1, respectively)	—		(3)		—	(3)

(in millions)	Termination Date	Maximum Facility Limit	Loans Outstanding		Letters of Credit Outstanding	Facility Availability
Utility revolving credit facility	June 2031	$6,250	(1)	$(1,785)		$(213)	$4,252
Utility Receivables Securitization Program (2)	June 2028	1,750	(3)	(1,750)		—	—	(3)
PG&E Corporation revolving credit facility	June 2029	650		—		—	650
Total credit facilities		$8,650		$(3,535)		$(213)	$4,902

	SB 901 securitization regulatory asset
(in millions)	2026	2025
Balance at January 1	$5,089		$5,194
Amortization	(129)		(77)
Balance at September 30	$4,960		$5,117

Tables in the 10-Q of PG&E Corp

Table 1 after “2026-09-30”

Table 2 after “2026-09-30”

Table 3 after “1”

Table 4 after “1”

Table 5 after “OF CONTENTS”

Table 6 after “The following terms and abbreviations appearing in the text of this report have the meanings indicated below.”

Table 7 after “The consolidated results of operations consist primarily of results related to the Utility, which are discussed in the “Utility” section bel”

Table 8 after “The table below shows certain items from the Utility’s Condensed Consolidated Statements of Income for the three and nine months ended Septe”

Table 9 after “The Utility’s cash flows were as follows:”

Table 10 after “The following table summarizes changes in key components of the Utility’s investing cash flows for the nine months ended September 30, 2026,”

Table 11 after “The following table summarizes changes in key components of the Utility’s financing cash flows for the nine months ended September 30, 2026,”

Table 12 after “Statuses of the Utility’s cost recovery proceedings are summarized in the following table:”

Table 13 after “The Utility recorded these costs to the memorandum and balancing accounts as set forth in the following table:”

Table 14 after “(in millions, except per share amounts)”

Table 15 after “(in millions)”

Table 16 after “(in millions)”

Table 17 after “(in millions, except share amounts)”

Table 18 after “(in millions)”

Table 19 after “30”

Table 20 after “30”

Table 21 after “(in millions, except share amounts)”

Table 22 after “32”

Table 23 after “millions)”

Table 24 after “(in millions)”

Table 25 after “(in millions)”

Table 26 after “(in millions, except share amounts)”

Table 27 after “(in millions)”

Table 28 after “38”

Table 29 after “38”

Table 30 after “(in millions)”

Table 31 after “(in millions)”

Table 32 after “The following table presents the Utility’s revenues disaggregated by type of customer:”

Table 33 after “The following table summarizes where DWR loan activity is presented in PG&E Corporation’s and the Utility’s Condensed Consolidated Financial”

Table 34 after “The net periodic benefit costs reflected in PG&E Corporation’s Condensed Consolidated Financial Statements for the three and nine months end”

Table 35 after “48”

Table 36 after “The changes, net of income tax, in PG&E Corporation’s Accumulated other comprehensive income (loss) consisted of the following:”

Table 37 after “49”

Table 38 after “Includes amounts related to the customer credit trust and self-insurance.”

Table 39 after “50”

Table 40 after “Noncurrent regulatory assets are comprised of the following:”

Table 41 after “Noncurrent regulatory liabilities are comprised of the following:”

Table 42 after “Current regulatory balancing accounts receivable and payable are comprised of the following:”

Table 43 after “Current regulatory balancing accounts receivable and payable are comprised of the following:”

Table 44 after “The following table summarizes PG&E Corporation’s and the Utility’s outstanding borrowings and availability under their credit facilities as”

Table 45 after “The following tables illustrate the changes in the SB 901 securitization’s impact on the Utility’s regulatory assets and liabilities:”

Table 46 after “The following tables illustrate the changes in the SB 901 securitization’s impact on the Utility’s regulatory assets and liabilities:”

Table 47 after “The following table summarizes the dividends paid or declared by PG&E Corporation and the Utility in 2026:”

Table 48 after “The following is a reconciliation of PG&E Corporation’s income available for common shareholders and weighted average common shares outstand”

Table 49 after “The volumes of the Utility’s outstanding derivatives were as follows:”

Table 50 after “As of September 30, 2026, the Utility’s outstanding derivative balances were as follows:”

Table 51 after “As of December 31, 2025, the Utility’s outstanding derivative balances were as follows:”

Table 52 after “Assets and liabilities measured at fair value on a recurring basis for PG&E Corporation and the Utility are summarized below. Assets held in”

Table 53 after “61”

Table 54 after “Significant increases or decreases in any of those inputs would result in a significantly higher or lower fair value, respectively. All reas”

Table 55 after “Unobservable inputs were weighted by the relative fair value of the instruments.”

Table 56 after “The following table presents the reconciliation for Level 3 price risk management instruments for the three and nine months ended September ”

Table 57 after “The costs related to price risk management activities are recovered through rates. Accordingly, unrealized gains and losses are deferred in ”

Table 58 after “The carrying amount and fair value of PG&E Corporation’s and the Utility’s long-term debt instruments were as follows (the table below exclu”

Table 59 after “The following table provides a summary of equity securities and available-for-sale debt securities:”

Table 60 after “The fair value of fixed-income securities by contractual maturity is as follows:”

Table 61 after “The following table provides a summary of activity for the fixed-income and equity securities:”

Table 62 after “The following table provides a summary of equity securities and available-for-sale debt securities:”

Table 63 after “The fair value of fixed-income securities by contractual maturity is as follows:”

Table 64 after “The following table provides a summary of activity for the fixed-income and equity securities:”

Table 65 after “The following table presents the cumulative amounts PG&E Corporation and the Utility have paid through September 30, 2026.”

Table 66 after “The following table presents changes in PG&E Corporation’s and the Utility’s reasonably estimable losses, net of payments, for claims arisin”

Table 67 after “The following table presents changes in PG&E Corporation’s and the Utility’s reasonably estimable losses, net of payments, for claims arisin”

Table 68 after “Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of September 30, 2026 are:”

Table 69 after “The following table presents changes in accrued insurance recoveries, net of reimbursements received, for the 2022 Mosquito fire since Decem”

Table 70 after “The following table presents changes in accrued Wildfire Fund recoveries, net of claim payments received from the Wildfire Fund, for the 202”

Table 71 after “The Utility’s environmental remediation liability is primarily included in Noncurrent liabilities on the Condensed Consolidated Balance Shee”

Table 72 after “The table below presents the high end of the range for the Utility's potential losses and whether HSMA recovery is available.”

Table 73 after “EXHIBIT INDEX”

Table 74 after “79”

	SB 901 securitization regulatory liability
(in millions)	2026	2025
Balance at January 1	$(6,010)		$(6,295)
Amortization	338	303
Additions(1)	(4)		(111)
Balance at September 30	$(5,676)		$(6,103)

	Three Months Ended September 30,	Nine Months Ended September 30,
(in millions, except per share amounts)	2026	2025		2026	2025
Numerator
Income available for common shareholders, basic	$749		$823		$2,340	$1,951
Plus: Mandatory Convertible Preferred Stock dividends	24		24		72	—
Income available for common shareholders, diluted	$773		$847		$2,412	$1,951
Denominator
Weighted average common shares outstanding, basic(1)	2,202		2,198		2,201	2,197

		Contract Volume at
Underlying Product	Instruments	September 30, 2026	December 31, 2025
Natural Gas (1) (MMBtus (2))	Forwards, futures, and swaps	196,386,942		232,825,834
	Options	62,440,000		48,215,000
Electricity (MWh)	Forwards, futures, and swaps	5,588,429		7,196,942
	Options	2,206,000		1,650,800
	Congestion Revenue Rights (3)	67,268,155		93,712,644

	Commodity Risk
(in millions)	Gross Derivative Balance	Netting		Cash Collateral	Total Derivative Balance
Current assets – other	$131		$(11)		$—	$120
Noncurrent assets – other	139		(1)		—	138
Current liabilities – other	(76)		11		14	(51)
Noncurrent liabilities – other	(91)		1		—	(90)
Total commodity risk	$103		$—		$14	$117

	Fair Value Measurements
	At September 30, 2026
(in millions)	Level 1	Level 2		Level 3	Netting (1)	Total
Assets:
Short-term investments	$764		$—		$—		$—	$764
Self-insurance investments
Short-term investments	1,243		—		—		—	1,243
Total Self-insurance investments (2)	1,243		—		—		—	1,243

	Fair Value Measurements
	At December 31, 2025
(in millions)	Level 1	Level 2		Level 3	Netting (1)	Total
Assets:
Short-term investments	$634		$—		$—		$—	$634
Self-insurance investments
Short-term investments	1,120		—		—		—	1,120
Total Self-insurance investments(2)	1,120		—		—		—	1,120

	Fair Value (in millions)
	At September 30, 2026	Valuation Technique		Unobservable Input
Fair Value Measurement	Assets	Liabilities			Range (1)/Weighted-Average Price (2)
Congestion revenue rights	$190		$54		Market approach	CRR auction prices	$ (74) - 74 / 2
Power purchase agreements	$33		$89		Discounted cash flow	Forward prices	$ 13 - 96 / 47

	Price Risk Management Instruments
(in millions)	2026	2025
Asset balance as of July 1	$78		$136
Net realized and unrealized gains (losses):
Included in regulatory assets and liabilities or balancing accounts (1)	2		—
Asset balance as of September 30	$80		$136

(in millions)	Amortized Cost	Total Unrealized Gains		Total Unrealized Losses	Total Fair Value
As of September 30, 2026
Nuclear decommissioning trusts
Short-term investments	$6		$22		$—	$28
Global equity securities	269		2,295		(6)	2,558
Fixed-income securities	2,798		3		(130)	2,671
Total (1)	$3,073		$2,320		$(136)	$5,257
As of December 31, 2025

	As of
(in millions)	September 30, 2026
Less than 1 year	$75
1–5 years	876
5–10 years	612
More than 10 years	1,108
Total maturities of fixed-income securities	$2,671