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PG&E PCG Electric — Regulatory balancing accounts

Similar metrics at other companies

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SREIncrease (Decrease) in Balancing Account, Utility
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AWR
AWRSupply cost balancing accounts
-$318K+81.5%
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OGSIncreaseDecreaseInRegulatoryAssetsAndLiabilitiesCurrent
$51.93M+170%
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UTLElectric And Gas Division — Hardship Accounts In Regulatory Assets
$9.5M+15.9%

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:RevenueFromContractWithCustomerIncreaseDecreaseRegulatoryBalancingAccounts.

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 electric — regulatory balancing accounts?
PG&E (PCG) reported electric — regulatory balancing accounts of -$641M in Q2 2026.
How has PG&E's electric — regulatory balancing accounts changed year-over-year?
PG&E's electric — regulatory balancing accounts decreased by 266.3% year-over-year, from -$175M to -$641M.
What is the long-term trend for PG&E's electric — regulatory balancing accounts?
Over 3 years (2021 to 2025), PG&E's electric — regulatory balancing accounts has grown at a -25.8% compound annual growth rate (CAGR), from $953M to $389M.
What does electric — regulatory balancing accounts mean?
These accounts track the difference between authorized revenue requirements and actual revenues collected, or between authorized costs and actual costs incurred. They serve as a mechanism to ensure the utility eventually recovers or refunds the difference to customers, maintaining revenue neutrality.