太平洋煤气电力 2025年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Fiscal Year Ended December 31, 2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR15(d)OFTHE SECURITIESEXCHANGE ACTOF 1934For the transition period from _________ to___________ State or Other Jurisdiction ofIncorporation or Organization IRS EmployerIdentification Number CaliforniaCalifornia 94-323491494-0742640 300 Lakeside Drive 300 Lakeside Drive Oakland,California94612(Address of principal executive offices) (Zip Code) Oakland,California94612(Address of principal executive offices) (Zip Code) 415973-7000 (Registrant’s telephone number, including area code) (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: none Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act:☒ PG&E Corporation:Yes☐NoPacific Gas and Electric Company:☒Yes☐No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act:☐☒ PG&E Corporation:YesNoPacific Gas and Electric Company:☐Yes☒No Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days.PG&E Corporation:☒☐ YesNo☒Yes☐No Pacific Gas and Electric Company: Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files). ☒Yes☐No☒Yes☐No PG&E Corporation:Pacific Gas and Electric Company: Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Large accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Accelerated filer☐Emerging growth company ☒Large accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Accelerated filer☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.PG&E Corporation:☐ Pacific Gas and Electric Company: Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment ofthe effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.PG&E Corporation:☒ Pacific Gas and Electric Company: If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.PG&E Corporation:☐ Pacific Gas and Electric Company: Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).PG&E Corporation:☐ Pacific Gas and Electric Company: Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).PG&E Corporation:☐ Yes☒NoPacific Gas and Electric Company:☐Yes☒No Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.PG&E Corporation:☒☐ YesNo☒Yes☐No Pacific Gas and Electric Company: Aggregate market value of voting and non-voting common equity held by non-affiliates of the registrants as of June 30, 2025,the last business day of the most recently completed second fiscal quarter:PG&E Corporation common stock$37,246 million Pacific Gas and Electric Company common stockWholly owned by PG&E Corporation Common Stock outstanding as of February4, 2026:PG&E Corporation: 2,675,711,544*264,374,809 Pacific Gas and Electric Company:*Includes 477,743,590 shares of common stock held by Pacific Gas and Electric Company DOCUMENTS INCORPORATED BY REFERENCE Portions of the documents listed