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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Total operating revenues $ 5,941.0 $ 5,888.0 $ 17,788.0 $ 17,387.0
Operating Expenses        
Operating and maintenance 2,683.0 3,139.0 8,076.0 8,252.0
SB 901 securitization charges, net 33.0 346.0 33.0 908.0
Wildfire-related claims, net of recoveries 74.0 (32.0) 70.0 (35.0)
Wildfire Fund expense 139.0 219.0 295.0 453.0
Depreciation, amortization, and decommissioning 1,059.0 811.0 3,134.0 2,885.0
Total operating expenses 4,912.0 5,487.0 14,349.0 15,851.0
Operating Income 1,029.0 401.0 3,439.0 1,536.0
Interest income 156.0 154.0 495.0 409.0
Interest expense (795.0) (682.0) (2,322.0) (1,924.0)
Other income, net 83.0 62.0 241.0 213.0
Income (Loss) Before Income Taxes 473.0 (65.0) 1,853.0 234.0
Income tax provision (benefit) (106.0) (416.0) 15.0 (1,099.0)
Net Income 579.0 351.0 1,838.0 1,333.0
Preferred stock dividend requirement 3.0 3.0    
Income Available for Common Shareholders 576.0 348.0 1,828.0 1,323.0
Income Available for Common Shareholders 576.0 348.0 1,828.0 1,323.0
Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 5,941.0 5,888.0 17,788.0 17,387.0
Operating Expenses        
Operating and maintenance 2,678.0 3,136.0 8,062.0 8,241.0
SB 901 securitization charges, net 33.0 346.0 33.0 908.0
Wildfire-related claims, net of recoveries 74.0 (32.0) 70.0 (35.0)
Wildfire Fund expense 139.0 219.0 295.0 453.0
Depreciation, amortization, and decommissioning 1,059.0 811.0 3,134.0 2,885.0
Total operating expenses 4,907.0 5,484.0 14,335.0 15,840.0
Operating Income 1,034.0 404.0 3,453.0 1,547.0
Interest income 153.0 151.0 486.0 401.0
Interest expense (721.0) (594.0) (2,125.0) (1,667.0)
Other income, net 82.0 62.0 240.0 210.0
Income (Loss) Before Income Taxes 548.0 23.0 2,054.0 491.0
Income tax provision (benefit) (70.0) (397.0) 90.0 (1,035.0)
Net Income 618.0 420.0 1,964.0 1,526.0
Preferred stock dividend requirement 3.0 3.0 10.0 10.0
Income Available for Common Shareholders 615.0 417.0    
Income Available for Common Shareholders 615.0 417.0 1,954.0 1,516.0
Electric        
Operating Revenues        
Total operating revenues 4,538.0 4,507.0 13,048.0 12,478.0
Operating Expenses        
Cost of electricity and natural gas 835.0 846.0 1,919.0 2,040.0
Electric | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 4,538.0 4,507.0 13,048.0 12,478.0
Operating Expenses        
Cost of electricity and natural gas 835.0 846.0 1,919.0 2,040.0
Natural gas        
Operating Revenues        
Total operating revenues 1,403.0 1,381.0 4,740.0 4,909.0
Operating Expenses        
Cost of electricity and natural gas 89.0 158.0 822.0 1,348.0
Natural gas | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 1,403.0 1,381.0 4,740.0 4,909.0
Operating Expenses        
Cost of electricity and natural gas $ 89.0 $ 158.0 $ 822.0 $ 1,348.0