XML 52 R37.htm IDEA: XBRL DOCUMENT v3.24.2
WILDFIRE-RELATED CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Wildfire-Related Claims
The following table presents the cumulative amounts PG&E Corporation and the Utility have paid through June 30, 2024.
Payments (in millions)
2019 Kincade Fire
$834 
2021 Dixie Fire1,044 
2022 Mosquito Fire15 
Total at June 30, 2024
$1,893 
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2019 Kincade fire since December 31, 2023.
Loss Accrual (in millions)
Balance at December 31, 2023
$458 
Accrued Losses— 
Payments(167)
Balance at June 30, 2024
$291 
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2021 Dixie fire since December 31, 2023.
Loss Accrual (in millions)
Balance at December 31, 2023
$870 
Accrued Losses— 
Payments(313)
Balance at June 30, 2024
$557 
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2022 Mosquito fire since December 31, 2023.
Loss Accrual (in millions)
Balance at December 31, 2023
$85 
Accrued Losses— 
Payments— 
Balance at June 30, 2024
$85 
Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of June 30, 2024 are:
Potential Recovery Source (in millions)2021 Dixie fire2022 Mosquito fire
Insurance$525 $83 
FERC TO rates
93 
WEMA
494 53 
Wildfire Fund600 — 
Probable recoveries at June 30, 2024 (1)
$1,712 $143 
(1) Includes legal costs of $106 million and $43 million related to the 2021 Dixie fire and 2022 Mosquito fire, respectively, as of June 30, 2024.
The balances for insurance receivables with respect to wildfires are included in Other accounts receivable in PG&E Corporation’s and the Utility’s Condensed Consolidated Balance Sheets:
Insurance Receivable (in millions)2021 Dixie fire2022 Mosquito fireTotal
Balance at December 31, 2023
$326 $63 $389 
Accrued insurance recoveries
(1)21 20 
Reimbursements
(211)— (211)
Balance at June 30, 2024
$114 $84 $198