BANKRUPTCY FILING (Tables)

12 Months Ended

Dec. 31, 2019

Reorganizations [Abstract]

Schedule Of Liabilities Subject To Compromise

The following table presents LSTC as reported in the Consolidated Balance Sheets at December 31, 2019:

(in millions)	Utility		PG&E Corporation (1)		PG&E Corporation Consolidated
Financing debt (2)	$	22,450	$	666	$	23,116
Wildfire-related claims (3)	25,548		—		25,548
Trade creditors	1,183		5		1,188
Non-qualified benefit plan	20		137		157
2001 bankruptcy disputed claims (4)	234		—		234
Customer deposits & advances	71		—		71
Other	230		2		232
Total Liabilities Subject to Compromise	$	49,736	$	810	$	50,546

⁽¹⁾ PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.

⁽²⁾ At December 31, 2019, PG&E Corporation and the Utility had $650 million and $21,526 million in aggregate principal amount of pre-petition indebtedness, respectively. Pre-petition financing debt includes accrued contractual interest of $1 million and $286 million for PG&E Corporation and the Utility, respectively, to the Petition Date. Financing debt also includes post-petition interest of $15 million and $638 million for PG&E Corporation and the Utility, respectively, in accordance with the terms of the Noteholder RSA. See Note 5 for details of pre-petition debt reported as LSTC.

⁽³⁾ See “Pre-petition Wildfire-related claims” in Note 14 for information regarding pre-petition wildfire-related claims reported as LSTC.

⁽⁴⁾ 2001 bankruptcy disputed claims includes $14 million of interest recorded at the interest rate specified by FERC in accordance with S35.19a of the Commission’s regulations.

Schedule Of Debtor Reorganization Items

Reorganization items, net from the Petition Date through December 31, 2019 include the following:

	Petition Date Through December 31, 2019
(in millions)	Utility		PG&E Corporation (1)		PG&E Corporation Consolidated
Debtor-in-possession financing costs	$	97	$	17	$	114
Legal and other	273		19		292
Interest income	(50)		(10)		(60)
Adjustments to LSTC	—		—		—
Total reorganization items, net	$	320	$	26	$	346

⁽¹⁾ PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.