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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues        
Total operating revenues $ 4,882 $ 4,432 $ 13,721 $ 12,386
Operating Expenses        
Operating and maintenance 2,290 2,206 6,398 6,235
Wildfire-related claims, net of insurance recoveries 25 2,548 195 6,448
Wildfire fund expense 120 0 293 0
Depreciation, amortization, and decommissioning 845 840 2,574 2,433
Total operating expenses 4,484 6,732 12,386 18,137
Operating Income (Loss) 398 (2,300) 1,335 (5,751)
Interest income 5 18 33 62
Interest expense (391) (52) (844) (215)
Other income, net 102 62 299 199
Reorganization items, net (137) (73) (1,937) (256)
Income (Loss) Before Income Taxes (23) (2,345) (1,114) (5,961)
Income tax provision (benefit) (109) (729) 394 (1,932)
Net Income (Loss) 86 (1,616) (1,508) (4,029)
Preferred stock dividend requirement of subsidiary 3 3 10 10
Income (Loss) Attributable to Common Shareholders $ 83 $ (1,619) $ (1,518) $ (4,039)
Weighted Average Common Shares Outstanding, Basic (in shares) 1,967 529 1,012 528
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,140 529 1,012 528
Net Loss Per Common Share, Basic (in dollars per share) $ 0.04 $ (3.06) $ (1.50) $ (7.65)
Net Loss Per Common Share, Diluted (in dollars per share) $ 0.04 $ (3.06) $ (1.50) $ (7.65)
Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues $ 4,882 $ 4,432 $ 13,721 $ 12,386
Operating Expenses        
Operating and maintenance 2,311 2,208 6,421 6,252
Wildfire-related claims, net of insurance recoveries 25 2,548 195 6,448
Wildfire fund expense 120 0 293 0
Depreciation, amortization, and decommissioning 845 840 2,574 2,433
Total operating expenses 4,505 6,734 12,409 18,154
Operating Income (Loss) 377 (2,302) 1,312 (5,768)
Interest income 5 18 33 61
Interest expense (323) (52) (764) (213)
Other income, net 101 57 287 187
Reorganization items, net (82) (69) (286) (237)
Income (Loss) Before Income Taxes 78 (2,348) 582 (5,970)
Income tax provision (benefit) (92) (738) 434 (1,943)
Net Income (Loss) 170 (1,610) 148 (4,027)
Preferred stock dividend requirement of subsidiary 3 3 10 10
Income (Loss) Attributable to Common Shareholders 167 (1,613) 138 (4,037)
Electric        
Operating Revenues        
Total operating revenues 3,810 3,554 10,285 9,292
Operating Expenses        
Cost of goods 1,114 1,070 2,418 2,506
Electric | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 3,810 3,554 10,285 9,292
Operating Expenses        
Cost of goods 1,114 1,070 2,418 2,506
Natural gas        
Operating Revenues        
Total operating revenues 1,072 878 3,436 3,094
Operating Expenses        
Cost of goods 90 68 508 515
Natural gas | Pacific Gas & Electric Co        
Operating Revenues        
Total operating revenues 1,072 878 3,436 3,094
Operating Expenses        
Cost of goods $ 90 $ 68 $ 508 $ 515