As of June 30, 2025, PG&E said it had recorded liabilities of $1.325 billion for the 2019 Kincade fire, $2.075 billion for the 2021 Dixie fire, and $250 million for the 2022 Mosquito fire, in each case before available insurance and other probable cost recoveries.

10-QQuarterly reportFiled Jul 31, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

As of June 30, 2025, PG&E said it had recorded liabilities of $1.325 billion for the 2019 Kincade fire, $2.075 billion for the 2021 Dixie fire, and $250 million for the 2022 Mosquito fire, in each case before available insurance and other probable cost recoveries.
The company said it had recorded a Wildfire Fund receivable of $1,075 million for the 2021 Dixie fire, of which it had received $445 million as of June 30, 2025. Regulatory recovery receivables were $621 million.
PG&E said electric and natural gas operating revenues decreased by $88 million (1%) for the 3 months ended June 30, 2025 compared to the same period in the prior year, and operating and maintenance expenses increased by $101 million (4%).
As of June 30, 2025, the company said it had access to approximately $7.5 billion of total liquidity, comprised of $236 million of the Utility's cash and cash equivalents, $258 million of PG&E Corporation's cash and cash equivalents, $1.3 billion of availability under the Utility's Receivables Securitization Program, and $5.7 billion of availability under revolving credit facilities.

Key figures

Quarter ended June 30, 2025

Revenue: $5.9B
Operating income: $1.1B
Net income: $549M
EPS: $0.24

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Wildfire-Related Liabilities Recorded in 2019–2022

As of June 30, 2025, PG&E said it had recorded liabilities of $1.325 billion for the 2019 Kincade fire, $2.075 billion for the 2021 Dixie fire, and $250 million for the 2022 Mosquito fire, in each case before available insurance and other probable cost recoveries.

Source · Based on the MD&A text of the filing

Wildfire Fund Receivable for 2021 Dixie Fire

The company said it had recorded a Wildfire Fund receivable of $1,075 million for the 2021 Dixie fire, of which it had received $445 million as of June 30, 2025. Regulatory recovery receivables were $621 million.

Source · Based on the MD&A text of the filing

Operating Revenues and Operating Expenses for Q2 2025

PG&E said electric and natural gas operating revenues decreased by $88 million (1%) for the 3 months ended June 30, 2025 compared to the same period in the prior year, and operating and maintenance expenses increased by $101 million (4%).

Source · Based on the MD&A text of the filing

Total Liquidity as of June 30, 2025

As of June 30, 2025, the company said it had access to approximately $7.5 billion of total liquidity, comprised of $236 million of the Utility's cash and cash equivalents, $258 million of PG&E Corporation's cash and cash equivalents, $1.3 billion of availability under the Utility's Receivables Securitization Program, and $5.7 billion of availability under revolving credit facilities.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗