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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating Revenues        
Total operating revenues $ 4,381 $ 4,517 $ 12,671 $ 13,035
Operating Expenses        
Operating and maintenance 1,611 1,324 5,001 4,453
Wildfire-related claims, net of insurance recoveries (10) 53 2,108 0
Depreciation, amortization, and decommissioning 759 710 2,257 2,134
Total operating expenses 3,685 3,631 12,841 10,547
Operating Income (Loss) 696 886 (170) 2,488
Interest income 14 9 35 22
Interest expense (232) (220) (678) (663)
Other income, net 104 38 318 98
Income (Loss) Before Income Taxes 582 713 (495) 1,945
Income tax provision (benefit) 15 160 (527) 403
Net Income 567 553 32 1,542
Preferred stock dividend requirement of subsidiary 3 3 10 10
Preferred stock dividend requirement     0  
Income Available for Common Shareholders $ 564 $ 550 $ 22 $ 1,532
Weighted Average Common Shares Outstanding, Basic (in shares) 517 513 516 511
Weighted Average Common Shares Outstanding, Diluted (in shares) 517 516 517 514
Net Earnings Per Common Share, Basic (in dollars per share) $ 1.09 $ 1.07 $ 0.04 $ 3.00
Net Earnings Per Common Share, Diluted (in dollars per share) $ 1.09 $ 1.07 $ 0.04 $ 2.98
Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues $ 4,382 $ 4,516 $ 12,672 $ 13,037
Operating Expenses        
Operating and maintenance 1,611 1,389 5,002 4,518
Wildfire-related claims, net of insurance recoveries (10) 53 2,108 0
Depreciation, amortization, and decommissioning 759 710 2,257 2,134
Total operating expenses 3,685 3,696 12,842 10,612
Operating Income (Loss) 697 820 (170) 2,425
Interest income 14 10 34 22
Interest expense (229) (217) (668) (655)
Other income, net 103 38 321 93
Income (Loss) Before Income Taxes 585 651 (483) 1,885
Income tax provision (benefit) 14 138 (530) 394
Net Income 571 513 47 1,491
Preferred stock dividend requirement of subsidiary     0  
Preferred stock dividend requirement 3 3 10 10
Income Available for Common Shareholders 568 510 37 1,481
Electric        
Operating Revenues        
Total operating revenues 3,466 3,648 9,729 10,036
Operating Expenses        
Cost of goods 1,256 1,466 3,038 3,436
Electric | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 3,467 3,647 9,730 10,038
Operating Expenses        
Cost of goods 1,256 1,466 3,038 3,436
Natural gas        
Operating Revenues        
Total operating revenues 915 869 2,942 2,999
Operating Expenses        
Cost of goods 69 78 437 524
Natural gas | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 915 869 2,942 2,999
Operating Expenses        
Cost of goods $ 69 $ 78 $ 437 $ 524