Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share

NOTE 6: EARNINGS PER SHARE

PG&E Corporation's basic EPS is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation's income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:

	Three Months Ended March 31,
(in millions, except per share amounts)	2014		2013
Income available for common shareholders	$	227	$	239
Weighted average common shares outstanding, basic		459		434
Add incremental shares from assumed conversions:
Employee share-based compensation		1		1
Weighted average common shares outstanding, diluted		460		435
Total earnings per common share, diluted	$	0.49	$	0.55

For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.