XML 42 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS, UTILITY - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 940 $ 635
Restricted cash and restricted cash equivalents (includes $263 million and $282 million related to VIEs at respective dates) 273 297
Accounts receivable    
Customers (net of allowance for doubtful accounts of $418 million and $445 million at respective dates) (includes $1.9 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $418 million and $445 million at respective dates) 2,220 2,048
Accrued unbilled revenue (includes $1.3 billion and $1.1 billion related to VIEs at respective dates) 1,487 1,254
Regulatory balancing accounts 7,227 5,660
Other (net of allowance for doubtful accounts of $35 million and $35 million at respective dates) 1,810 1,494
Regulatory assets 234 300
Inventories    
Gas stored underground and fuel oil 52 65
Materials and supplies 768 805
Wildfire Fund asset 301 450
Wildfire self-insurance asset 905 0
Other 999 1,375
Total current assets 17,216 14,383
Property, Plant, and Equipment    
Electric 86,639 80,345
Gas 31,623 29,830
Construction work in progress 4,458 4,452
Financing lease ROU asset and other 814 787
Total property, plant, and equipment 123,534 115,414
Accumulated depreciation (35,305) (33,093)
Net property, plant, and equipment 88,229 82,321
Other Noncurrent Assets    
Regulatory assets 15,561 17,189
Customer credit trust 377 233
Nuclear decommissioning trusts 3,833 3,574
Operating lease ROU asset 524 598
Wildfire Fund asset 4,070 4,297
Income taxes receivable 1 24
Other (includes noncurrent accounts receivable of $82 million and $0 related to VIEs, net of noncurrent allowance for doubtful accounts of $18 million and $0 at respective dates) 3,849 3,079
Total other noncurrent assets 28,215 28,994
TOTAL ASSETS 133,660 125,698
Current Liabilities    
Short-term borrowings 1,523 3,971
Long-term debt, classified as current (includes $222 million and $176 million related to VIEs at respective dates) 2,146 1,376
Accounts payable    
Trade creditors 2,748 2,309
Regulatory balancing accounts 3,169 1,669
Other 748 851
Operating lease liabilities 85 80
Financing lease liabilities 577 259
Interest payable (includes $91 million and $67 million related to VIEs at respective dates) 760 679
Wildfire-related claims 916 1,422
Other 3,658 4,698
Total current liabilities 16,330 17,314
Noncurrent Liabilities    
Long-term debt (includes $10.1 billion and $10.5 billion related to VIEs at respective dates) 53,569 50,975
Regulatory liabilities 19,417 19,444
Pension and other postretirement benefits 808 476
Asset retirement obligations 5,444 5,512
Deferred income taxes 3,082 1,980
Operating lease liabilities 439 518
Financing lease liabilities 4 554
Other 4,166 3,633
Total noncurrent liabilities 86,929 83,092
Shareholders’ Equity    
Preferred stock 1,579 0
Common stock, $5 par value, authorized 800,000,000 shares; 800,000,000 shares outstanding at respective dates 31,555 30,374
Reinvested earnings (2,966) (5,321)
Accumulated other comprehensive loss (19) (13)
Total shareholders’ equity 30,149 25,040
TOTAL LIABILITIES AND EQUITY 133,660 125,698
Pacific Gas & Electric Co (Utility)    
Current Assets    
Cash and cash equivalents 705 442
Restricted cash and restricted cash equivalents (includes $263 million and $282 million related to VIEs at respective dates) 272 294
Accounts receivable    
Customers (net of allowance for doubtful accounts of $418 million and $445 million at respective dates) (includes $1.9 billion and $1.7 billion related to VIEs, net of allowance for doubtful accounts of $418 million and $445 million at respective dates) 2,220 2,048
Accrued unbilled revenue (includes $1.3 billion and $1.1 billion related to VIEs at respective dates) 1,487 1,254
Regulatory balancing accounts 7,227 5,660
Other (net of allowance for doubtful accounts of $35 million and $35 million at respective dates) 1,810 1,495
Regulatory assets 234 300
Inventories    
Gas stored underground and fuel oil 52 65
Materials and supplies 768 805
Wildfire Fund asset 301 450
Wildfire self-insurance asset 905 0
Other 998 1,374
Total current assets 16,979 14,187
Property, Plant, and Equipment    
Electric 86,639 80,345
Gas 31,623 29,830
Construction work in progress 4,458 4,452
Financing lease ROU asset and other 814 787
Total property, plant, and equipment 123,534 115,414
Accumulated depreciation (35,304) (33,093)
Net property, plant, and equipment 88,230 82,321
Other Noncurrent Assets    
Regulatory assets 15,561 17,189
Customer credit trust 377 233
Nuclear decommissioning trusts 3,833 3,574
Operating lease ROU asset 519 598
Wildfire Fund asset 4,070 4,297
Income taxes receivable 0 22
Other (includes noncurrent accounts receivable of $82 million and $0 related to VIEs, net of noncurrent allowance for doubtful accounts of $18 million and $0 at respective dates) 3,697 2,934
Total other noncurrent assets 28,057 28,847
TOTAL ASSETS 133,266 125,355
Current Liabilities    
Short-term borrowings 1,523 3,971
Long-term debt, classified as current (includes $222 million and $176 million related to VIEs at respective dates) 2,146 1,376
Accounts payable    
Trade creditors 2,745 2,307
Regulatory balancing accounts 3,169 1,669
Other 729 820
Operating lease liabilities 85 80
Financing lease liabilities 577 259
Interest payable (includes $91 million and $67 million related to VIEs at respective dates) 667 621
Wildfire-related claims 916 1,422
Other 3,331 4,391
Total current liabilities 15,888 16,916
Noncurrent Liabilities    
Long-term debt (includes $10.1 billion and $10.5 billion related to VIEs at respective dates) 47,958 46,376
Regulatory liabilities 19,417 19,444
Pension and other postretirement benefits 741 405
Asset retirement obligations 5,444 5,512
Deferred income taxes 3,632 2,436
Operating lease liabilities 434 518
Financing lease liabilities 4 554
Other 4,198 3,670
Total noncurrent liabilities 81,828 78,915
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 35,930 30,570
Reinvested earnings (1,940) (2,613)
Accumulated other comprehensive loss (20) (13)
Total shareholders’ equity 35,550 29,524
TOTAL LIABILITIES AND EQUITY $ 133,266 $ 125,355