PG&E said that as of September 30, 2024, it had recorded liabilities of $1.2 billion for the 2019 Kincade fire, $1.875 billion for the 2021 Dixie fire, and $100 million for the 2022 Mosquito fire, before insurance and any probable cost recoveries.

1. 01

   PG&E said that as of September 30, 2024, it had recorded liabilities of $1.2 billion for the 2019 Kincade fire, $1.875 billion for the 2021 Dixie fire, and $100 million for the 2022 Mosquito fire, before insurance and any probable cost recoveries.

2. 02

   The company said that as of September 30, 2024, it had recorded a Wildfire Fund receivable of $875 million, a regulatory recovery receivable of $598 million, and an insurance receivable of $525 million related to the 2021 Dixie fire.

3. 03

   PG&E said its electric and natural gas operating revenues rose $53 million (1%) in Q3 2024 and $401 million (2%) over the 9 months, and cited an increase of about $2.2 billion in base revenues authorized in the 2023 GRC as one of the 9-month drivers.

4. 04

   The company said that net cash provided by operating activities increased by $1.7 billion (38%) in 2024 over the 9 months. It also said total liquidity was about $5.2 billion as of September 30, 2024, of which $4.3 billion was available under its revolving credit facility.

Key figures

Quarter ended September 30, 2024

Revenue

$5.9B

Operating income

$1.0B

Net income

$579M

EPS

$0.27

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.