WILDFIRE-RELATED CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Loss Contingencies by Contingency

The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2019 Kincade fire since December 31, 2020.

Loss Accrual (in millions)
Balance at December 31, 2020	625
Accrued Losses	175
Payments (1)	(31)
Balance at September 30, 2021	$	769

(1) As of September 30, 2021, PG&E Corporation and the Utility entered into settlement agreements in connection with the 2019 Kincade fire of approximately $31 million, which has been paid in full by PG&E Corporation and the Utility. Subsequent to September 30, 2021, PG&E Corporation and the Utility have entered into additional settlements and made additional payments and expect to continue to do so.

The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2020 Zogg fire since December 31, 2020.

Loss Accrual (in millions)
Balance at December 31, 2020	$	275
Accrued Losses	100
Payments (1)	(127)
Balance at September 30, 2021	$	248

(1) As of September 30, 2021, PG&E Corporation and the Utility entered into settlement agreements in connection with the 2020 Zogg fire of approximately $127 million, which has been paid by PG&E Corporation and the Utility. Subsequent to September 30, 2021, PG&E Corporation and the Utility have entered into additional settlements and made additional payments and expect to continue to do so.

Total probable recoveries for the 2021 Dixie fire as of September 30, 2021 are:

Recovery sources (in millions)	2021 Dixie fire
Insurance	$	569
FERC TO rates	98
WEMA	339
AB 1054 Wildfire Fund	150
Probable recoveries at September 30, 2021	$	1,156

Schedule of Insurance Receivable

The balances for insurance receivables with respect to wildfires are included in Other accounts receivable in PG&E Corporation’s and the Utility’s Condensed Consolidated Balance Sheets:

Insurance Receivable (in millions)	2021 Dixie fire		2020 Zogg fire		2019 Kincade fire		2017 Northern California wildfires		Total
Balance at December 31, 2020	$	—	$	219	$	430	$	25	$	674
Accrued insurance recoveries	569		112		—		—		681
Reimbursements	—		—		(16)		(25)		(41)
Balance at September 30, 2021	$	569	$	331	$	414	$	—	$	1,314