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COMMON STOCK AND SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Common Stock And Share-Based Compensation [Abstract]  
Schedule of Compensation Expense for Share-based Incentive Awards
The following table provides a summary of total share-based compensation expense recognized by PG&E Corporation for share-based incentive awards for 2024:
(in millions)
202420232022
Restricted stock units67 64 60 
Performance shares31 27 55 
Total compensation expense (pre-tax)$98 $91 $115 
Total compensation expense (after-tax)$71 $65 $83 
Summary of Stock Option Activity
The following table summarizes stock option activity for PG&E Corporation and the Utility for 2024:
Number of
Stock Options
Weighted Average Grant-
Date Fair Value
Weighted Average Remaining Contractual Term (Years)
Outstanding at January 11,396,261 $8.2 
Granted (1)
— — 
Exercised— — 
Forfeited or expired(652,298)6.89 
Outstanding at December 31743,963 10.23 2.58
Vested or expected to vest at December 31743,963 10.23 2.58
Exercisable at December 31743,963 $10.23 2.58
(1) Represents additional payout of existing stock option grants.
Schedule of Restricted Stock Units
The following table summarizes restricted stock unit activity for 2024:
Number of
Restricted Stock Units
Weighted Average Grant-
Date Fair Value
Nonvested at January 19,268,425 $13.29 
Granted5,273,850 16.74 
Vested(4,922,000)12.62 
Forfeited(196,693)15.27 
Nonvested at December 319,423,582 $15.52 
Schedule of Performance Shares
The following table summarizes activity for performance shares in 2024:
Number of
Performance Shares
Weighted Average Grant-
Date Fair Value
Nonvested at January 16,602,292 $14.06 
Granted2,714,196 16.94 
Vested(1,779,695)10.70 
Forfeited
(356,587)13.07 
Nonvested at December 317,180,206 $15.52