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COMMON STOCK AND SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2019
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 2019:
(in millions)
201920182017
Stock Options$ $10  $—  
Restricted stock units21  43  40  
Performance shares22  36  45  
Total compensation expense (pre-tax)$50  $89  $85  
Total compensation expense (after-tax)$35  $63  $50  
Summary of Significant Assumptions Used for Shares Granted The significant assumptions used for shares granted in 2019 were:
20192018
Expected stock price volatility57.00 %23.00 %
Expected annual dividend payment— %3.10 %
Risk-free interest rate
1.51% to 1.52%
2.58 %
Expected life (years)4.56
Summary of Stock Option Activity
The following table summarizes stock option activity for PG&E Corporation and the Utility for 2019:
Number of
Stock Option
Weighted Average Grant-
Date Fair Value
Weighted Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding at January 11,522,137  $10.24  $—  
Granted2,866,667  3.87  —  
Exercised—  —  —  
Forfeited or expired(107,401) 10.24  —  
Outstanding at December 314,281,403  5.98  5.40 years—  
Vested or expected to vest at December 314,225,180  5.92  5.36 years—  
Exercisable at December 311,433,234  $5.99  5.41 years$—  
Schedule of Restricted Stock Units
The following table summarizes restricted stock unit activity for 2019:
Number of
Restricted Stock Units
Weighted Average Grant-
Date Fair Value
Nonvested at January 11,979,812  $47.66  
Granted74,479  18.57  
Vested(822,249) 51.01  
Forfeited(191,207) 41.49  
Nonvested at December 311,040,835  $44.06  
Schedule of Performance Shares
The following table summarizes activity for performance shares in 2019:
Number of
Performance Shares
Weighted Average Grant-
Date Fair Value
Nonvested at January 11,438,091  $56.32  
Granted130,251  15.39  
Vested(255,324) 40.74  
Forfeited (1)
(624,595) 75.54  
Nonvested at December 31688,423  $36.92  
(1) Includes performance shares that expired with zero value as performance targets were not met.