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SCHEDULE I – CONSOLIDATED FINANCIAL INFORMATION OF PARENT
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
SCHEDULE I – CONSOLIDATED FINANCIAL INFORMATION OF PARENT
PG&E CORPORATION
SCHEDULE I — CONSOLIDATED FINANCIAL INFORMATION OF PG&E CORPORATION (“PARENT”)
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
 Years Ended December 31,
(in millions, except per share amounts)202420232022
Administrative service revenue$146 $154 $109 
Operating expenses(167)(165)(193)
Interest income15 13 3 
Interest expense(270)(365)(261)
Other income (expense)(17)(21)(201)
Equity in earnings of subsidiaries2,697 2,530 2,154 
Income Before Income Taxes2,404 2,146 1,611 
Income tax benefit(94)(96)(132)
Net Income$2,498 $2,242 $1,743 
Preferred stock dividend requirement23 — — 
Income Available for Common Shareholders$2,475 $2,242 $1,743 
Other Comprehensive Income (Loss)   
Pension and other postretirement benefit plans obligations (net of taxes of $3, $6, and $8, at respective dates)
(7)(16)21 
Net unrealized gain on available-for-sale securities (net of taxes of $0, $0, and $0, respectively)
1 — — 
Total other comprehensive income (loss)(6)(16)21 
Comprehensive Income$2,469 $2,226 $1,764 
Weighted Average Common Shares Outstanding, Basic
2,141 2,064 2,235 
Weighted Average Common Shares Outstanding, Diluted
2,147 2,138 2,380 
Net Earnings Per Common Share, Basic$1.16 $1.09 $0.78 
Net Earnings Per Common Share, Diluted$1.15 $1.05 $0.73 
PG&E CORPORATION
SCHEDULE I — CONSOLIDATED FINANCIAL INFORMATION OF PG&E CORPORATION (“PARENT”) – (Continued)
CONSOLIDATED BALANCE SHEETS
 Balance at December 31,
(in millions)20242023
ASSETS  
Current Assets  
Cash and cash equivalents$235 $192 
Restricted cash and restricted cash equivalents1 3 
Advances to affiliates13 24 
Income taxes receivable2 2 
Other current assets— 1 
Total current assets251 222 
Other Noncurrent Assets  
Investments in subsidiaries42,829 36,804 
Other investments175 167 
Deferred income taxes633 539 
Total other noncurrent assets43,637 37,510 
TOTAL ASSETS$43,888 $37,732 
LIABILITIES AND EQUITY  
Current Liabilities  
Accounts payable – other36 58 
Income taxes payable1 1 
Other current liabilities420 363 
Total current liabilities457 422 
Noncurrent Liabilities  
Long-term debt5,612 4,599 
Other noncurrent liabilities141 141 
Total noncurrent liabilities5,753 4,740 
Shareholders’ Equity  
Mandatory convertible preferred stock1,579 — 
Common stock39,086 37,906 
Reinvested earnings(2,966)(5,322)
Accumulated other comprehensive loss(21)(14)
Total shareholders’ equity37,678 32,570 
TOTAL LIABILITIES AND EQUITY$43,888 $37,732 
PG&E CORPORATION
SCHEDULE I – CONSOLIDATED FINANCIAL INFORMATION OF PG&E CORPORATION (“PARENT”) – (Continued)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
 Year ended December 31,
 202420232022
Cash Flows from Operating Activities:   
Net income $2,498 $2,242 $1,743 
Adjustments to reconcile net income to net cash provided by operating activities:   
Stock-based compensation amortization53 4 95 
Equity in earnings of subsidiaries(2,699)(2,530)(2,160)
Deferred income taxes and tax credits, net(94)(116)(126)
Current income taxes payable— 9 — 
Other9 40 339 
Net cash used in operating activities
(233)(351)(109)
Cash Flows From Investing Activities:   
Investment in subsidiaries(5,360)(1,290)(994)
Dividends received from subsidiaries (1)
2,025 1,775 1,275 
Net cash provided by (used in) investing activities
(3,335)485 281 
Cash Flows From Financing Activities:   
Repayments under term loan credit facilities(500)(2,181)— 
Proceeds from issuance of convertible notes, net of discount and issuance costs of $0, $27, and $0 at respective dates
— 2,123 — 
Repayment of long-term debt— — (28)
Repayments of intercompany note from the Utility— — (145)
Proceeds from issuance of long-term debt, net of premium and
   issuance costs of $4, $0, and $0 at respective dates
1,496 — — 
Common stock issued1,128 — — 
Mandatory convertible preferred stock issued1,579 — — 
Common stock dividend paid(86)— — 
Other(8)(6)— 
Net cash provided by (used in) financing activities3,609 (64)(173)
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents41 70 (1)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at January 1195 125 126 
Cash, cash equivalents, restricted cash, and restricted cash equivalents at December 31$236 $195 $125 
Less: Restricted cash and restricted cash equivalents(1)(3)— 
Cash and cash equivalents at December 31$235 $192 $125 
Supplemental disclosures of cash flow information   
Cash paid for:   
Interest, net of amounts capitalized$(215)$(309)$(233)
Supplemental disclosures of noncash investing and financing activities
Changes to PG&E Corporation common stock and treasury stock in connection
    with the share exchange with the Fire Victim Trust		$— $(2,517)$(2,337)
Common stock dividends declared but not yet paid55 21 — 
Mandatory convertible preferred stock dividends declared but not yet paid23 — — 
(1) Because of its nature as a holding company, PG&E Corporation classifies dividends received from subsidiaries as an investing cash flow.