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PG&E PCG Regulatory balancing accounts

Regulatory balancing accounts at other companies

AWR
American States WaterAWR
-$318K+81.5%
Sempra Energy logo
Sempra EnergySRE
$207.25M+81.8%
Dominion Energy logo
Dominion EnergyD
$1.29B+29.5%
Middlesex Water Company logo
Middlesex Water CompanyMSEX
$1.67M-98.4%
AWR
American States WaterAWR
$27.6M-49.1%
OTT
Otter TailOTTR
$25.43M+120%

Other financials

Income statement

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Revenue$5.9B+0.1%
Operating income$1.3B+15.2%
Net income$761.0M+38.6%
EPS (diluted)$0.33+37.5%

Balance sheet

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Cash & equivalents$1.2B+70.8%
Total debt$63.6B+13.6%
Total equity$33.9B+8.7%
Total assets$145.08B+6.4%

Cash flow

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Operating cash flow$906.0M-14.3%
CapEx$3.0B-3.2%
Free cash flow-$2.1B-2.6%

Valuation

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Market cap$47.01B+54.4%
Enterprise value$109.42B+27.6%
P/E14.9×+2.4×
P/S1.8×+0.6×

Profitability

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Operating margin20%+2.1pp
Net margin12.3%+2.3pp
FCF margin-16.5%

Returns & leverage

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Return on equity9.7%+1.2pp
Debt / equity1.9×+0.1×
Current ratio1.2×+0.3×

Where this comes from

Reported directly by PG&E in its filing.

Tagged under the XBRL concept pcg:RegulatoryBalancingAccountsAssets.

The official record: PG&E’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PG&E's regulatory balancing accounts?
PG&E (PCG) reported regulatory balancing accounts of $5.38B in Q2 2026.
How has PG&E's regulatory balancing accounts changed year-over-year?
PG&E's regulatory balancing accounts decreased by 4.9% year-over-year, from $5.66B to $5.38B.
What is the long-term trend for PG&E's regulatory balancing accounts?
Over 5 years (2020 to 2025), PG&E's regulatory balancing accounts has grown at a 25.8% compound annual growth rate (CAGR), from $2B to $6.3B.
What does regulatory balancing accounts mean?
These accounts represent the difference between authorized revenue requirements and actual costs incurred, which are subject to future adjustment by regulators. They function as a mechanism to ensure the utility eventually recovers costs or returns over-collections to ratepayers. This is a unique feature of the regulated utility business model that smooths earnings volatility.