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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Reconciliation Of PG&E Corporation's Income Available For Common Shareholders And Weighted Average Shares Of Common Stock Outstanding For Calculating Basic EPS
     Year Ended December 31,  
(in millions, except per share amounts)              2011                           2010                           2009             
Basic         
Income available for common shareholders      $  844          $  1,099         $  1,220   
Less: distributed earnings to common shareholders      -          706         621   
  

 

 

     

 

 

     

 

 

  
Undistributed earnings      844          393         599   
  

 

 

     

 

 

     

 

 

  
Allocation of undistributed earnings to common shareholders         
Distributed earnings to common shareholders      $  -          $  706         $  621   
Undistributed earnings allocated to common shareholders      -          385         573   
  

 

 

     

 

 

     

 

 

  
Total common shareholders earnings      $  -          $  1,091         $  1,194   
  

 

 

     

 

 

     

 

 

  
Weighted average common shares outstanding, basic      401          382         368   
Convertible subordinated notes      -          8         17   
  

 

 

     

 

 

     

 

 

  
Weighted average common shares outstanding and participating securities      401          390         385   
  

 

 

     

 

 

     

 

 

  
Net earnings per common share, basic         
Distributed earnings, basic (1)      $  -          $  1.85         $  1.69   
Undistributed earnings      -          1.01         1.56   
  

 

 

     

 

 

     

 

 

  
Total      $  2.10          $  2.86         $  3.25   
  

 

 

     

 

 

     

 

 

  

 

(1) Distributed earnings, basic may differ from actual per share amounts paid as dividends, as the EPS computation under GAAP requires the use of the weighted average, rather than the actual, number of shares outstanding.

Reconciliation Of PG&E Corporation's Income Available For Common Shareholders And Weighted Average Shares Of Common Stock Outstanding For Calculating Diluted EPS
     Year Ended December 31,  
(in millions, except per share amounts)            2011                      2010                      2009          
Diluted         
Income available for common shareholders      $  844          $  1,099          $  1,220    

Add earnings impact of assumed conversion of participating securities:

         

Interest expense on convertible subordinated notes, net of tax

      -          8          15    

Unrealized loss on embedded derivative, net of tax

      -          -          2    
  

 

 

     

 

 

     

 

 

  
Income available for common shareholders and assumed conversion      $  844          $  1,107          $  1,237    
  

 

 

     

 

 

     

 

 

  
        
Weighted average common shares outstanding, basic      401          382          368    

Add incremental shares from assumed conversions:

         

Convertible subordinated notes

      -          8          17    

Employee share-based compensation

      1          2          1    
  

 

 

     

 

 

     

 

 

  
Weighted average common shares outstanding, diluted      402          392          386    
  

 

 

     

 

 

     

 

 

  
Total earnings per common share, diluted      $  2.10          $  2.82          $  3.20