Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share

NOTE 6: EARNINGS PER SHARE

PG&E Corporation's basic EPS is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation's income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions, except per share amounts)	2014		2013		2014		2013
Income available for common shareholders	$	811	$	161	$	1,305	$	728
Weighted average common shares outstanding, basic		472		446		466		441
Add incremental shares from assumed conversions:
Employee share-based compensation		2		1		2		1
Weighted average common share outstanding, diluted		474		447		468		442
Total earnings per common share, diluted	$	1.71	$	0.36	$	2.79	$	1.65

For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.