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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Summary of Revenues Disaggregated by Type of Customer
The following table presents the Utility’s revenues disaggregated by type of customer:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Electric
Revenue from contracts with customers
   Residential$2,306 $2,572 $5,561 $5,887 
   Commercial2,249 2,301 5,368 5,461 
   Industrial655 707 1,455 1,561 
   Agricultural807 802 1,484 1,421 
   Public street and highway lighting27 26 80 78 
   Other, net (1)
(196)(557)558 362 
Total revenue from contracts with customers - electric5,848 5,851 14,506 14,770 
Regulatory balancing accounts (2)
(1,093)(1,313)(1,202)(1,722)
Total electric operating revenue$4,755 $4,538 $13,304 $13,048 
Natural gas
Revenue from contracts with customers
   Residential$490 $412 $2,629 $2,142 
   Commercial173 163 794 723 
   Transportation service only436 408 1,438 1,307 
   Other, net (1)
(1)44 (268)(158)
Total revenue from contracts with customers - gas1,098 1,027 4,593 4,014 
Regulatory balancing accounts (2)
397 376 234 726 
Total natural gas operating revenue1,495 1,403 4,827 4,740 
Total operating revenues$6,250 $5,941 $18,131 $17,788 
(1) This activity is primarily related to the change in unbilled revenue and amounts subject to refund, partially offset by other miscellaneous revenue items.
(2) These amounts represent alternative revenues authorized to be billed or refunded to customers.
Schedule Of Government Assistance
The following table summarizes where DWR loan activity is presented in PG&E Corporation’s and the Utility’s Condensed Consolidated Financial Statements:
Three Months Ended September 30,
Nine Months Ended September 30,
(in millions)
2025202420252024
Long-term debt:
Beginning Balance - DWR loan outstanding
$808 $651 $886 $98 
Proceeds received
— 380 — 980 
Operating Expenses:
Operating and maintenance expense - Performance-based disbursements
(2)(21)(20)(60)
Operating and maintenance expense - Loan forgiveness and other adjustments
(17)— (75)12 
Other current liabilities:
Change in performance-based disbursements deferred
2 (14)— (34)
Long-term debt:
Ending Balance - DWR loan outstanding$791 $996 $791 $996 
Schedule of Net Benefit Costs
The net periodic benefit costs reflected in PG&E Corporation’s Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2025 and 2024 were as follows:
Pension BenefitsOther Benefits
Three Months Ended September 30,
(in millions)2025202420252024
Service cost for benefits earned (1)
$106 $99 $9 $10 
Interest cost252 229 18 17 
Expected return on plan assets(263)(254)(37)(35)
Amortization of prior service (credit)(1)— 1 1 
Amortization of net actuarial (gain)— — (6)(6)
Net periodic benefit cost94 74 (15)(13)
Regulatory account transfer (2)
(10)(10)— — 
Total$84 $64 $(15)$(13)
(1) A portion of service costs is capitalized pursuant to GAAP.
(2) The Utility recorded these amounts to a regulatory account since they are probable of recovery or refund through rates in future periods.

Pension BenefitsOther Benefits
Nine Months Ended September 30,
(in millions)2025202420252024
Service cost for benefits earned (1)
$318 $297 $28 $31 
Interest cost756 687 55 53 
Expected return on plan assets(790)(761)(112)(105)
Amortization of prior service cost (credit)(2)(2)2 2 
Amortization of net actuarial loss (gain)1 1 (17)(17)
Net periodic benefit cost283 222 (44)(36)
Regulatory account transfer (2)
(30)(29)— — 
Total$253 $193 $(44)$(36)
(1) A portion of service costs is capitalized pursuant to GAAP.
(2) The Utility recorded these amounts to a regulatory account since they are probable of recovery from, or refund to, customers in future rates.
Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income
The changes, net of income tax, in PG&E Corporation’s Accumulated other comprehensive income (loss) consisted of the following:
Pension
Benefits		Other
Benefits
Available-for-Sale Securities(2)
Total
(in millions, net of income tax)Three Months Ended September 30, 2025
Beginning balance$(34)$18 $17 $1 
Other comprehensive income before reclassification
Loss on investments (net of taxes of $0, $0 and $1, respectively)
— — (4)(4)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost (net of taxes of $1, $1, and $0, respectively)
— — — — 
Amortization of net actuarial (gain) (net of taxes of $0, $2, and $0, respectively)
— (4)— (4)
Regulatory account transfer (net of taxes of $0, $1, and $0, respectively)
— 4 — 4 
Net current period other comprehensive (loss)— — (4)(4)
Ending balance$(34)$18 $13 $(3)
(1) These components are included in the computation of net periodic pension and other post-retirement benefit costs.  See the “Pension and Other Post-Retirement Benefits” table above for additional details.
(2) Includes amounts related to the customer credit trust and Pacific Energy Risk Solutions, LLC.

Pension BenefitsOther
Benefits		Customer Credit TrustTotal
(in millions, net of income tax)Three Months Ended September 30, 2024
Beginning balance$(28)$18 $1 $(9)
Other comprehensive income before reclassification
Gain on investments (net of taxes of $0, $0, and $2 respectively)
— — 44 
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost (net of taxes of $1, $1, and $0, respectively)
(1)1 — — 
Amortization of net actuarial loss (gain) (net of taxes of $0, $2, and $0, respectively)
1 (5)— (4)
Regulatory account transfer (net of taxes of $0, $1, and $0, respectively)
— 4 — 4 
Net current period other comprehensive gain— — 4 4 
Ending balance$(28)$18 $5 $(5)
(1) These components are included in the computation of net periodic pension and other post-retirement benefit costs.  See the “Pension and Other Post-Retirement Benefits” table above for additional details.
Pension
Benefits		Other
Benefits
Available-for-Sale Securities(2)
Total
(in millions, net of income tax)Nine Months Ended September 30, 2025
Beginning balance$(35)$18 $3 $(14)
Other comprehensive income before reclassification
Gain on investments (net of taxes of $0, $0, and $4, respectively)
— — 10 10 
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost (net of taxes of $1, $1, and $0, respectively)
(1)1 — — 
Amortization of net actuarial loss (gain) (net of taxes of $0, $5, and $0, respectively)
1 (12)— (11)
Regulatory account transfer (net of taxes of $0, $4, and $0, respectively)
1 11 — 12 
Net current period other comprehensive gain1 — 10 11 
Ending balance$(34)$18 $13 $(3)
(1) These components are included in the computation of net periodic pension and other post-retirement benefit costs.  See the “Pension and Other Post-Retirement Benefits” table above for additional details.
(2) Includes amounts related to the customer credit trust and Pacific Energy Risk Solutions, LLC.

Pension
Benefits		Other
Benefits		Customer Credit TrustTotal
(in millions, net of income tax)Nine Months Ended September 30, 2024
Beginning balance$(28)$18 $2 $(8)
Other comprehensive income before reclassification
Gain on investments (net of taxes of $0, $0, and $1, respectively)
3 3 
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost (net of taxes of $1, $1, and $0, respectively)
(2)2 
Amortization of net actuarial loss (gain) (net of taxes of $0, $5, and $0, respectively)
1 (13)(12)
Regulatory account transfer (net of taxes of $0, $4, and $0, respectively)
1 11 12 
Net current period other comprehensive gain— — 3 3 
Ending balance$(28)$18 $5 $(5)
(1) These components are included in the computation of net periodic pension and other post-retirement benefit costs.  See the “Pension and Other Post-Retirement Benefits” table above for additional details.