Pacific Gas and Electric Company

Pacific Gas and Electric Company (PCG) reported total operating revenues of $24.93 billion for the fiscal year ended December 31, 2025. The company achieved operating income of $4.75 billion and net income of $2.70 billion, resulting in earnings per share of $1.00. Operating expenses totaled $20.19 billion, significantly impacted by $11.35 billion in operating and maintenance costs and $352.0 million in Wildfire Fund expenses. The company maintained strong operating cash flow generation of $8.72 billion, which supported substantial capital expenditures of $11.79 billion aimed at system modernization and safety improvements. The balance sheet reflects total assets of $141.61 billion against total liabilities and equity of $141.61 billion. Net cash used in investing activities was $12.32 billion, while financing activities provided $3.36 billion, primarily through debt issuances. The company continues to navigate the financial implications of wildfire-related liabilities and safety investments.

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