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CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues      
Total operating revenues $ 24,419.0 $ 24,428.0 $ 21,680.0
Operating Expenses      
Operating and maintenance 11,808.0 11,924.0 9,809.0
SB 901 securitization charges, net 33.0 1,267.0 608.0
Wildfire-related claims, net of recoveries 94.0 64.0 237.0
Wildfire Fund expense 383.0 567.0 477.0
Depreciation, amortization, and decommissioning 4,189.0 3,738.0 3,856.0
Total operating expenses 19,960.0 21,757.0 19,843.0
Operating Income 4,459.0 2,671.0 1,837.0
Interest income 604.0 606.0 162.0
Interest expense (3,051.0) (2,850.0) (1,917.0)
Other income, net 300.0 272.0 394.0
Income Before Income Taxes 2,312.0 699.0 476.0
Income tax benefit (200.0) (1,557.0) (1,338.0)
Net Income 2,512.0 2,256.0 1,814.0
Preferred stock dividend requirement 37.0 14.0 13.0
Income Available for Common Shareholders 2,475.0 2,242.0 1,800.0
Income Available for Common Shareholders 2,475.0 2,242.0 1,800.0
Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 24,419.0 24,428.0 21,680.0
Operating Expenses      
Operating and maintenance 11,787.0 11,913.0 9,725.0
SB 901 securitization charges, net 33.0 1,267.0 608.0
Wildfire-related claims, net of recoveries 94.0 64.0 237.0
Wildfire Fund expense 383.0 567.0 477.0
Depreciation, amortization, and decommissioning 4,189.0 3,738.0 3,856.0
Total operating expenses 19,939.0 21,746.0 19,759.0
Operating Income 4,480.0 2,682.0 1,921.0
Interest income 589.0 593.0 162.0
Interest expense (2,781.0) (2,485.0) (1,658.0)
Other income, net 319.0 293.0 595.0
Income Before Income Taxes 2,607.0 1,083.0 1,020.0
Income tax benefit (105.0) (1,461.0) (1,206.0)
Net Income 2,712.0 2,544.0 2,226.0
Preferred stock dividend requirement 14.0 14.0 14.0
Income Available for Common Shareholders 2,698.0 2,530.0 2,212.0
Income Available for Common Shareholders 2,698.0 2,530.0 2,212.0
Electric      
Operating Revenues      
Total operating revenues 17,811.0 17,424.0 15,060.0
Operating Expenses      
Cost of electricity and natural gas 2,261.0 2,443.0 2,756.0
Electric | Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 17,811.0 17,424.0 15,060.0
Operating Expenses      
Cost of electricity and natural gas 2,261.0 2,443.0 2,756.0
Natural gas      
Operating Revenues      
Total operating revenues 6,608.0 7,004.0 6,620.0
Operating Expenses      
Cost of electricity and natural gas 1,192.0 1,754.0 2,100.0
Natural gas | Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 6,608.0 7,004.0 6,620.0
Operating Expenses      
Cost of electricity and natural gas $ 1,192.0 $ 1,754.0 $ 2,100.0