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BANKRUPTCY FILING (Tables)
 6 Months Ended
Jun. 30, 2019
Reorganizations [Abstract]  
Schedule of Liabilities Subject to Compromise
The following table presents LSTC as reported in the Condensed Consolidated Balance Sheets at June 30, 2019:
(in millions)
Utility
 
PG&E Corporation (1)
 
PG&E Corporation Consolidated
Financing debt (2)
$
21,811

 
$
650

 
$
22,461

Wildfire-related claims (3)
18,012

 
—

 
18,012

Trade creditors
1,325

 
4

 
1,329

Non-qualified benefit plan
18

 
125

 
143

2001 bankruptcy disputed claims
221

 
—

 
221

Customer deposits & advances
278

 
—

 
278

Other
164

 
2

 
166

Total Liabilities Subject to Compromise
$
41,829

 
$
781

 
$
42,610

 
 
 
 
 
 
(1) PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.
(2) At June 30, 2019, PG&E Corporation and the Utility had $650 million and $21,526 million in aggregate principal amount of pre-petition indebtedness, respectively. Utility pre-petition financing debt also includes $285 million of accrued contractual interest to the Petition Date. See Note 5 for details of pre-petition debt reported as LSTC.
(3) See Note 10 for information regarding pre-petition wildfire-related claims reported as LSTC. As described in Note 10 under the heading “Plan Support Agreements with Public Entities,” on June 18, 2019, PG&E Corporation and the Utility entered into agreements with certain local public entities to potentially resolve their wildfire-related claims through the Chapter 11 process.
Schedule of Debtor Reorganization Items Reorganization items, net for the three months ended June 30, 2019 and from the Petition Date through June 30, 2019 include the following:
 
Three Months Ended June 30, 2019
(in millions)
Utility
 
PG&E Corporation (1)
 
PG&E Corporation Consolidated
Debtor-in-possession financing costs
$
—

 
$
—

 
$
—

Legal and other
75

 
1

 
76

Interest income
(18
)
 
(3
)
 
(21
)
Adjustments to LSTC
—

 
—

 
—

Trustee fees (2)
—

 
1

 
1

Total reorganization items, net
$
57

 
$
(1
)
 
$
56

 
 
 
 
 
 
(1) PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.
(2) PG&E Corporation and the Utility incurred $416,667 and $250,000, respectively, in fees to the U.S. Trustee in the three months ended June 30, 2019.
 
 
Petition Date Through June 30, 2019
(in millions)
Utility
 
PG&E Corporation (1)
 
PG&E Corporation Consolidated
Debtor-in-possession financing costs
$
97

 
$
17

 
$
114

Legal and other
98

 
2

 
100

Interest income
(27
)
 
(5
)
 
(32
)
Adjustments to LSTC
—

 
—

 
—

Trustee fees (2)
—

 
1

 
1

Total reorganization items, net
$
168

 
$
15

 
$
183

 
 
 
 
 
 

(1) PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.
(2) PG&E Corporation and the Utility incurred $416,667 and $250,000, respectively, in fees to the U.S. Trustee through June 30, 2019.