Form 10-Q · Quarterly report
PG&E Corporation 10-Q, filed Oct 22, 2026
- Filed
- CIK
- 0001004980
- Accession no.
- 0001004980-26-000055
Summary
PG&E Corporation said it is conducting a strategic review, reducing planned 2027 capital expenditures to $11.4 billion from $13.4 billion and withdrawing its previously disclosed 2028–2030 capital expenditure forecast, with securing an investment-grade credit rating a foundational objective. The company also said it could reduce the estimated 20-year life of its Wildfire Fund asset to zero and incur up to $3.7 billion of accelerated amortization tied to the January 2025 Eaton fire, and noted that California's 2025–2026 legislative session ended without enacting legislation to modify the state's wildfire liability framework.
Key points
- PG&E Corporation and the Utility announced a strategic review on September 2, 2026, cutting planned 2027 capital expenditures to $11.4 billion and withdrawing the 2028–2030 capital expenditure forecast.
- PG&E said it could incur up to $3.7 billion of accelerated amortization of its Wildfire Fund asset related to the Eaton fire, which began January 7, 2025, in Eaton Canyon, Los Angeles County.
- Southern California Edison has disclosed probable Eaton fire losses of $1.6 billion, at the low end of its estimated range, and a Wildfire Fund receivable of $645 million.
- The California Legislature concluded its 2025–2026 session without enacting additional legislation to modify the state's wildfire liability framework.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION OVERVIEW This is a combined Form 10-Q of PG&E Corporation and the Utility and includes separate Condensed Consolidated Financial Statements for each of these two entities. This combined MD&A should be read in conjunction with the Condensed Consolidated Financial Statements and the Notes to the Condensed Consolidated Financial Statements included in Part I, Item 1. It should also be read in conjunction with the 2025 Form 10-K. Generally, PG&E Corporation’s and the Utility’s revenues vary based on the outcomes of ratemaking proceedings and the amount of pass-through costs incurred. …
An excerpt of the text as filed with the SEC, cut for length.
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