Latest period
$12.51B
YoY change
+13.7%
5Y CAGR
+8.9%
Peak year (2025)
$11.79B
Cumulative CapEx
$143.61B
CapEx history chart for PG&E (PCG) from 1995 to 2025
Latest: $11.79B
CapEx growth chart for PG&E (PCG) from 1995 to 2025
Latest: +13.7%
CapEx history table for PG&E (PCG) from 1995 to 2025
| 2025 | $11.79B | +13.7% | +$1.42B | ||
| 2024 | $10.37B | +6.7% | +$655.00M | ||
| 2023 | $9.71B | +1.4% | +$130.00M | ||
| 2022 | $9.58B | +24.6% | +$1.90B | ||
| 2021 | $7.69B | -0.0% | −$1.00M | ||
| 2020 | $7.69B | +21.8% | +$1.38B | ||
| 2019 | $6.31B | -3.1% | −$201.00M | ||
| 2018 | $6.51B | +15.5% | +$873.00M | ||
| 2017 | $5.64B | -1.2% | −$68.00M | ||
| 2016 | $5.71B | +10.4% | +$536.00M | ||
| 2015 | $5.17B | +7.0% | +$340.00M | ||
| 2014 | $4.83B | -7.2% | −$374.00M | ||
| 2013 | $5.21B | +12.6% | +$583.00M | ||
| 2012 | $4.62B | +14.5% | +$586.00M | ||
| 2011 | $4.04B | +6.2% | +$236.00M | ||
| 2010 | $3.80B | -3.9% | −$156.00M | ||
| 2009 | $3.96B | +9.1% | +$330.00M | ||
| 2008 | $3.63B | +31.0% | +$859.00M | ||
| 2007 | $2.77B | +15.3% | +$367.00M | ||
| 2006 | $2.40B | +33.1% | +$598.00M | ||
| 2005 | $1.80B | +15.7% | +$245.00M | ||
| 2004 | $1.56B | -8.2% | −$139.00M | ||
| 2003 | $1.70B | +9.8% | +$151.00M | ||
| 2002 | $1.55B | -42.0% | −$1.12B | ||
| 2001 | $2.67B | +13.6% | +$319.00M | ||
| 2000 | $2.35B | +48.1% | +$762.00M | ||
| 1999 | $1.58B | -2.2% | −$35.00M | ||
| 1998 | $1.62B | -11.1% | −$203.00M | ||
| 1997 | $1.82B | +48.1% | +$591.70M | ||
| 1996 | $1.23B | +32.0% | +$298.40M | ||
| 1995 | $931.90M | — | — |
- 2025$11.79B+13.7%
- 2024$10.37B+6.7%
- 2023$9.71B+1.4%
- 2022$9.58B+24.6%
- 2021$7.69B-0.0%
- 2020$7.69B+21.8%
- 2019$6.31B-3.1%
- 2018$6.51B+15.5%
- 2017$5.64B-1.2%
- 2016$5.71B+10.4%
- 2015$5.17B+7.0%
- 2014$4.83B-7.2%
- 2013$5.21B+12.6%
- 2012$4.62B+14.5%
- 2011$4.04B+6.2%
- 2010$3.80B-3.9%
- 2009$3.96B+9.1%
- 2008$3.63B+31.0%
- 2007$2.77B+15.3%
- 2006$2.40B+33.1%
- 2005$1.80B+15.7%
- 2004$1.56B-8.2%
- 2003$1.70B+9.8%
- 2002$1.55B-42.0%
- 2001$2.67B+13.6%
- 2000$2.35B+48.1%
- 1999$1.58B-2.2%
- 1998$1.62B-11.1%
- 1997$1.82B+48.1%
- 1996$1.23B+32.0%
- 1995$931.90M—
CapEx values are taken from PG&E's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at PG&E (PCG)
According to PG&E's latest reported financial statements, the company's current CapEx (TTM) is $12.51B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, PG&E (PCG) CapEx totalled $11.79B – grew 13.7% year-over-year.
PG&E CapEx has grown for 4 consecutive years, with a +8.9% compound annual growth rate over 2020–2025 (5 years).
The record annual CapEx stands at $11.79B, reached in 2025; the historical low of $931.90M was recorded in 1995.
PG&E Capital Expenditures by Year
PG&E Capital Expenditures 2025: $11.79B
PG&E CapEx in 2025 was $11.79B, grew 13.7% from 2024. This figure represents the highest annual value in the available history.
PG&E Capital Expenditures 2024: $10.37B
2024's CapEx for PG&E came in at $10.37B, grew 6.7% from 2023.
PG&E Capital Expenditures 2023: $9.71B
PG&E posted CapEx of $9.71B in 2023, edged up 1.4% from 2022.
PG&E Capital Expenditures 2022: $9.58B
In 2022, PG&E reported CapEx of $9.58B, grew 24.6% from 2021.
PG&E Capital Expenditures 2021: $7.69B
PG&E CapEx in 2021 was $7.69B.
See more financial history for PG&E (PCG).
Sector peers by CapEx
Utilities peers of PG&E (PCG), ranked by their latest CapEx
| $14.02B | |
| $13.39B | |
| $12.64B | |
| $10.61B | |
| $9.27B | |
| $2.95B | |
| $1.28B | |
| $130.00M |
- $14.02B
- $13.39B
- $12.64B
- $10.61B
- $9.27B
- $1.28B
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