BANKRUPTCY FILING (Tables)

9 Months Ended

Sep. 30, 2019

Reorganizations [Abstract]

Schedule of Liabilities Subject to Compromise

The following table presents LSTC as reported in the Condensed Consolidated Balance Sheets at September 30, 2019:

(in millions)	Utility		PG&E Corporation (1)		PG&E Corporation Consolidated
Financing debt (2)	$	21,813	$	650	$	22,463
Wildfire-related claims (3)	20,560		—		20,560
Trade creditors	1,253		6		1,259
Non-qualified benefit plan	18		126		144
2001 bankruptcy disputed claims	221		—		221
Customer deposits & advances	278		—		278
Other	166		2		168
Total Liabilities Subject to Compromise	$	44,309	$	784	$	45,093

⁽¹⁾ PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.

⁽²⁾ At September 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 $287 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, including the settlement with the Consenting Subrogation Creditors entered into on September 22, 2019. Wildfire-related claims include amounts for the Butte fire of $212 million and is shown net of $100 million deposited into the Wildfire Assistance Fund on August 2, 2019 in connection with potential liabilities related to the 2018 Camp fire and 2017 Northern California wildfires.

Schedule of Debtor Reorganization Items

Reorganization items, net for the three months ended September 30, 2019 and from the Petition Date through September 30, 2019 include the following:

	Three Months Ended September 30, 2019
(in millions)	Utility		PG&E Corporation (1)		PG&E Corporation Consolidated
Debtor-in-possession financing costs	$	—	$	—	$	—
Legal and other	83		7		90
Interest income	(14)		(3)		(17)
Adjustments to LSTC	—		—		—
Total reorganization items, net	$	69	$	4	$	73

⁽¹⁾ PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.

	Petition Date Through September 30, 2019
(in millions)	Utility		PG&E Corporation (1)		PG&E Corporation Consolidated
Debtor-in-possession financing costs	$	97	$	17	$	114
Legal and other	181		10		191
Interest income	(41)		(8)		(49)
Adjustments to LSTC	—		—		—
Total reorganization items, net	$	237	$	19	$	256

⁽¹⁾ PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.