CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 713	$ 940
Restricted cash and restricted cash equivalents (includes $225 million and $263 million related to VIEs at respective dates)	259	273
Accounts receivable
Customers (net of allowance for doubtful accounts of $408 million and $418 million at respective dates) (includes $1.9 billion related to VIEs, net of allowance for doubtful accounts of $408 million and $418 million at respective dates)	2,267	2,220
Accrued unbilled revenue (includes $1.3 billion related to VIEs at respective dates)	1,463	1,487
Regulatory balancing accounts	6,300	7,227
Other (net of allowance for doubtful accounts of $69 million and $35 million at respective dates)	1,719	1,810
Regulatory assets	305	234
Inventories
Gas stored underground and fuel oil	75	52
Materials and supplies	745	768
Wildfire Fund asset	297	301
Wildfire self-insurance asset	1,043	905
Other	644	999
Total current assets	15,830	17,216
Property, Plant, and Equipment
Property, Plant, and Equipment	128,989	118,262
Construction work in progress	4,627	4,458
Financing lease ROU asset and other	2	814
Total property, plant, and equipment	133,618	123,534
Accumulated depreciation	(37,270)	(35,305)
Net property, plant, and equipment	96,348	88,229
Other Noncurrent Assets
Regulatory assets	15,981	15,561
Customer credit trust	804	377
Nuclear decommissioning trusts	4,230	3,833
Operating lease ROU asset	450	524
Wildfire Fund asset	3,728	4,070
Other (includes noncurrent accounts receivable of $67 million and $82 related to VIEs, net of noncurrent allowance for doubtful accounts of $15 million and $18 at respective dates)	4,240	3,850
Total other noncurrent assets	29,433	28,215
TOTAL ASSETS	141,611	133,660
Current Liabilities
Short-term borrowings	2,675	1,523
Long-term debt, classified as current (includes $221 million and $222 million related to VIEs at respective dates)	821	2,146
Accounts payable
Trade creditors	3,353	2,748
Regulatory balancing accounts	3,119	3,169
Other	929	748
Operating lease liabilities	90	85
Financing lease liabilities	0	577
Interest payable (includes $72 million and $91 million related to VIEs at respective dates)	764	760
Wildfire-related claims	524	916
Other	4,025	3,658
Total current liabilities	16,300	16,330
Noncurrent Liabilities
Long-term debt (includes $11.7 billion and $10.1 billion related to VIEs at respective dates)	57,387	53,569
Regulatory liabilities	20,188	19,417
Pension and other postretirement benefits	549	808
Asset retirement obligations	5,439	5,444
Deferred income taxes	4,135	3,082
Operating lease liabilities	360	439
Financing lease liabilities	2	4
Other	4,459	4,166
Total noncurrent liabilities	92,519	86,929
Shareholders’ Equity
Mandatory convertible preferred stock	1,579	1,579
Common stock, no par value, authorized 3,600,000,000 and 3,600,000,000 shares at respective dates; 2,197,942,874 and 2,193,573,536 shares outstanding at respective dates	31,636	31,555
Reinvested earnings	(650)	(2,966)
Accumulated other comprehensive loss	(25)	(19)
Total shareholders’ equity	32,540	30,149
Noncontrolling Interest - Preferred Stock of Subsidiary	252	252
Total equity	32,792	30,401
TOTAL LIABILITIES AND EQUITY	$ 141,611	$ 133,660