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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues        
Total operating revenues $ 5,888.0 $ 5,394.0 $ 17,387.0 $ 16,310.0
Operating Expenses        
Operating and maintenance 3,139.0 2,250.0 8,252.0 7,651.0
SB 901 securitization charges, net 346.0 0.0 908.0 40.0
Wildfire-related claims, net of recoveries (32.0) 9.0 (35.0) 153.0
Wildfire Fund expense 219.0 118.0 453.0 353.0
Depreciation, amortization, and decommissioning 811.0 1,002.0 2,885.0 2,915.0
Total operating expenses 5,487.0 4,668.0 15,851.0 14,603.0
Operating Income 401.0 726.0 1,536.0 1,707.0
Interest income 154.0 43.0 409.0 70.0
Interest expense (682.0) (525.0) (1,924.0) (1,355.0)
Other income, net 62.0 118.0 213.0 246.0
Income (Loss) Before Income Taxes (65.0) 362.0 234.0 668.0
Income tax provision (benefit) (416.0) (97.0) (1,099.0) (629.0)
Net Income 351.0 459.0 1,333.0 1,297.0
Preferred stock dividend requirement 3.0 3.0    
Income Available for Common Shareholders 348.0 456.0 1,323.0 1,287.0
Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 5,888.0 5,394.0 17,387.0 16,310.0
Operating Expenses        
Operating and maintenance 3,136.0 2,248.0 8,241.0 7,565.0
SB 901 securitization charges, net 346.0 0.0 908.0 40.0
Wildfire-related claims, net of recoveries (32.0) 9.0 (35.0) 153.0
Wildfire Fund expense 219.0 118.0 453.0 353.0
Depreciation, amortization, and decommissioning 811.0 1,002.0 2,885.0 2,915.0
Total operating expenses 5,484.0 4,666.0 15,840.0 14,517.0
Operating Income 404.0 728.0 1,547.0 1,793.0
Interest income 151.0 42.0 401.0 71.0
Interest expense (594.0) (458.0) (1,667.0) (1,175.0)
Other income, net 62.0 127.0 210.0 415.0
Income (Loss) Before Income Taxes 23.0 439.0 491.0 1,104.0
Income tax provision (benefit) (397.0) (51.0) (1,035.0) (516.0)
Net Income 420.0 490.0 1,526.0 1,620.0
Preferred stock dividend requirement 3.0 3.0 10.0 10.0
Income Available for Common Shareholders 417.0 487.0 1,516.0 1,610.0
Electric        
Operating Revenues        
Total operating revenues 4,507.0 3,895.0 12,478.0 11,743.0
Operating Expenses        
Cost of electricity and natural gas 846.0 1,032.0 2,040.0 2,314.0
Electric | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 4,507.0 3,895.0 12,478.0 11,743.0
Operating Expenses        
Cost of electricity and natural gas 846.0 1,032.0 2,040.0 2,314.0
Natural gas        
Operating Revenues        
Total operating revenues 1,381.0 1,499.0 4,909.0 4,567.0
Operating Expenses        
Cost of electricity and natural gas 158.0 257.0 1,348.0 1,177.0
Natural gas | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 1,381.0 1,499.0 4,909.0 4,567.0
Operating Expenses        
Cost of electricity and natural gas $ 158.0 $ 257.0 $ 1,348.0 $ 1,177.0