DEBT (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The following table summarizes PG&E Corporation’s and the Utility’s outstanding borrowings and availability under their credit facilities as of September 30, 2024:

(in millions)	Termination Date		Maximum Facility Limit			Loans Outstanding		Letters of Credit Outstanding		Facility Availability
Utility revolving credit facility	June 2029	(1)	$	4,400	(2)	$	(250)	$	(384)	$	3,766
Utility Receivables Securitization Program (3)	June 2026		1,500		(4)	(1,500)		—		—		(4)
PG&E Corporation revolving credit facility	June 2027		500			—		—		500
Total credit facilities			$	6,400		$	(1,750)	$	(384)	$	4,266

(1) On July 25, 2024, the Utility amended its existing revolving credit agreement to extend the maturity date for commitments representing $4.196 billion in the aggregate from June 22, 2028 to June 22, 2029 (subject to a one-year extension at the option of the Utility). The remaining $204 million of commitments will mature on June 22, 2028.

(2) Includes a $2.0 billion letter of credit sublimit.

(3) For more information on the Receivables Securitization Program, see “Variable Interest Entities” in Note 2 above.

(4) The amount the Utility may borrow under the Receivables Securitization Program is limited to the lesser of the facility limit and the facility availability. Further, the facility availability may vary based on the amount of accounts receivable that the Utility owns that are eligible for sale to the SPV and the portion of those accounts receivable that are sold to the SPV that are eligible for advances by the lenders under the Receivables Securitization Program.