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COMMON STOCK AND SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Common Stock And Share-Based Compensation [Abstract]  
Schedule of Compensation Expense for Share-based Incentive Awards
The following table provides a summary of total share-based compensation expense recognized by PG&E Corporation for share-based incentive awards for 2023:
(in millions)
202320222021
Restricted stock units64 60 35 
Performance shares27 55 21 
Total compensation expense (pre-tax)$91 $115 $56 
Total compensation expense (after-tax)$65 $83 $40 
Summary of Stock Option Activity
The following table summarizes stock option activity for PG&E Corporation and the Utility for 2023:
Number of
Stock Options
Weighted Average Grant-
Date Fair Value
Weighted Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding at January 12,152,132 $7.36 $— 
Granted (1)
— — — 
Exercised— — — 
Forfeited or expired(755,871)5.80 — 
Outstanding at December 311,396,261 8.20 2.29— 
Vested or expected to vest at December 311,396,261 8.20 2.29— 
Exercisable at December 311,396,261 $8.20 2.29$— 
(1) Represents additional payout of existing stock option grants.
Schedule of Restricted Stock Units
The following table summarizes restricted stock unit activity for 2023:
Number of
Restricted Stock Units
Weighted Average Grant-
Date Fair Value
Nonvested at January 110,978,120 $11.21 
Granted4,337,632 15.70 
Vested(5,710,073)11.16 
Forfeited(337,254)12.77 
Nonvested at December 319,268,425 $13.29 
Schedule of Performance Shares
The following table summarizes activity for performance shares in 2023:
Number of
Performance Shares
Weighted Average Grant-
Date Fair Value
Nonvested at January 111,022,054 $10.68 
Granted4,881,031 13.39 
Vested(8,049,294)9.16 
Forfeited
(1,251,499)13.2 
Nonvested at December 316,602,292 $14.06