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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 484 $ 1,570
Restricted Cash 143 7
Accounts receivable    
Customers (net of allowance for doubtful accounts of $146 million and $43 million at respective dates) (includes $1.63 billion and $0 related to VIEs, net of allowance for doubtful accounts of $143 million and $0 at respective dates) 1,883 1,287
Accrued unbilled revenue (includes $959 million and $0 related to VIEs at respective dates) 1,083 969
Regulatory balancing accounts 2,001 2,114
Other 1,172 2,617
Regulatory assets 410 315
Inventories    
Gas stored underground and fuel oil 95 97
Materials and supplies 533 550
Wildfire fund asset 464 0
Other 1,334 639
Total current assets 9,602 10,165
Property, Plant, and Equipment    
Electric 66,982 62,707
Gas 24,135 22,688
Construction work in progress 2,757 2,675
Other 20 20
Total property, plant, and equipment 93,894 88,090
Accumulated depreciation (27,758) (26,455)
Net property, plant, and equipment 66,136 61,635
Other Noncurrent Assets    
Regulatory assets 8,978 6,066
Nuclear decommissioning trusts 3,538 3,173
Operating lease right of use asset 1,741 2,286
Wildfire fund asset 5,816 0
Income taxes receivable 67 67
Other 1,978 1,804
Total other noncurrent assets 22,118 13,396
TOTAL ASSETS 97,856 85,196
Current Liabilities    
Short-term borrowings 3,547 0
Long-term debt, classified as current 28 0
Debtor-in-possession financing, classified as current 0 1,500
Accounts payable    
Trade creditors 2,402 1,954
Regulatory balancing accounts 1,245 1,797
Other 580 566
Operating lease liabilities 533 556
Disputed claims and customer refunds 242 0
Interest payable 498 4
Wildfire-related claims 2,250 0
Other 2,256 1,254
Total current liabilities 13,581 7,631
Noncurrent Liabilities    
Long-term debt (includes $1.0 billion and $0 related to VIEs at respective dates) 37,288 0
Regulatory liabilities 10,424 9,270
Pension and other postretirement benefits 2,444 1,884
Asset retirement obligations 6,412 5,854
Deferred income taxes 1,398 320
Operating lease liabilities 1,208 1,730
Other 3,848 2,573
Total noncurrent liabilities 63,022 21,631
Liabilities Subject to Compromise 0 50,546
Contingencies and Commitments
Shareholders' Equity    
Common stock, no par value 30,224 13,038
Reinvested earnings (9,196) (7,892)
Accumulated other comprehensive income (27) (10)
Total shareholders' equity 21,001 5,136
Noncontrolling Interest - Preferred Stock of Subsidiary 252 252
Total equity 21,253 5,388
TOTAL LIABILITIES AND EQUITY 97,856 85,196
Pacific Gas & Electric Co (Utility)    
Current Assets    
Cash and cash equivalents 261 1,122
Restricted Cash 143 7
Accounts receivable    
Customers (net of allowance for doubtful accounts of $146 million and $43 million at respective dates) (includes $1.63 billion and $0 related to VIEs, net of allowance for doubtful accounts of $143 million and $0 at respective dates) 1,883 1,287
Accrued unbilled revenue (includes $959 million and $0 related to VIEs at respective dates) 1,083 969
Regulatory balancing accounts 2,001 2,114
Other 1,180 2,647
Regulatory assets 410 315
Inventories    
Gas stored underground and fuel oil 95 97
Materials and supplies 533 550
Wildfire fund asset 464 0
Other 1,321 628
Total current assets 9,374 9,736
Property, Plant, and Equipment    
Electric 66,982 62,707
Gas 24,135 22,688
Construction work in progress 2,757 2,675
Other 18 18
Total property, plant, and equipment 93,892 88,088
Accumulated depreciation (27,756) (26,453)
Net property, plant, and equipment 66,136 61,635
Other Noncurrent Assets    
Regulatory assets 8,978 6,066
Nuclear decommissioning trusts 3,538 3,173
Operating lease right of use asset 1,736 2,279
Wildfire fund asset 5,816 0
Income taxes receivable 66 66
Other 1,818 1,659
Total other noncurrent assets 21,952 13,243
TOTAL ASSETS 97,462 84,614
Current Liabilities    
Short-term borrowings 3,547 0
Debtor-in-possession financing, classified as current 0 1,500
Accounts payable    
Trade creditors 2,366 1,949
Regulatory balancing accounts 1,245 1,797
Other 624 675
Operating lease liabilities 530 553
Disputed claims and customer refunds 242 0
Interest payable 444 4
Wildfire-related claims 2,250 0
Other 2,248 1,263
Total current liabilities 13,496 7,741
Noncurrent Liabilities    
Long-term debt (includes $1.0 billion and $0 related to VIEs at respective dates) 32,664 0
Regulatory liabilities 10,424 9,270
Pension and other postretirement benefits 2,328 1,884
Asset retirement obligations 6,412 5,854
Deferred income taxes 1,570 442
Operating lease liabilities 1,206 1,726
Other 3,886 2,626
Total noncurrent liabilities 58,490 21,802
Liabilities Subject to Compromise 0 49,736
Contingencies and Commitments
Shareholders' Equity    
Preferred stock 258 258
Common stock, no par value 1,322 1,322
Additional paid-in capital 28,286 8,550
Reinvested earnings (4,385) (4,796)
Accumulated other comprehensive income (5) 1
Total shareholders' equity 25,476 5,335
TOTAL LIABILITIES AND EQUITY $ 97,462 $ 84,614