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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, UTILITY - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 982.0 $ 838.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and decommissioning 2,074.0 1,913.0
Bad debt expense 293.0 76.0
Allowance for equity funds used during construction (82.0) (82.0)
Deferred income taxes and tax credits, net (329.0) (156.0)
Wildfire Fund expense 234.0 235.0
Disallowed capital expenditures 7.0 0.0
Other 34.0 428.0
Effect of changes in operating assets and liabilities:    
Accounts receivable 1,589.0 388.0
Wildfire-related insurance receivable 347.0 123.0
Inventories (46.0) (93.0)
Accounts payable 145.0 432.0
Wildfire-related claims (656.0) (535.0)
Other current assets and liabilities (220.0) (292.0)
Regulatory assets, liabilities, and balancing accounts, net (1,931.0) (1,486.0)
Other noncurrent assets and liabilities 19.0 (150.0)
Net cash provided by operating activities 2,460.0 1,639.0
Cash Flows from Investing Activities    
Capital expenditures (4,680.0) (4,539.0)
Proceeds from sales and maturities of nuclear decommissioning trust investments 751.0 1,369.0
Purchases of nuclear decommissioning trust investments (802.0) (1,341.0)
Proceeds from sales and maturities of customer credit trust investments 304.0 0.0
Purchases of customer credit trust investments 0.0 (485.0)
Other 7.0 16.0
Net cash used in investing activities (4,420.0) (4,980.0)
Cash Flows from Financing Activities    
Borrowings under credit facilities 5,536.0 5,235.0
Repayments under credit facilities (7,665.0) (5,259.0)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $61 and $35 at respective dates 4,690.0 4,265.0
Repayments of long-term debt (389.0) (4,454.0)
Proceeds from issuance of SB 901 recovery bonds, net of financing fees of $0 and $17 at respective dates 0.0 3,583.0
Other (16.0) (21.0)
Net cash provided by financing activities 2,075.0 3,349.0
Net change in cash, cash equivalents, and restricted cash 115.0 8.0
Cash, cash equivalents, and restricted cash at January 1 947.0 307.0
Cash, cash equivalents, and restricted cash at June 30 1,062.0 315.0
Less: Restricted cash and restricted cash equivalents (257.0) (76.0)
Cash and cash equivalents at June 30 805.0 239.0
Supplemental disclosures of cash flow information    
Interest, net of amounts capitalized (1,068.0) (703.0)
Supplemental disclosures of noncash investing and financing activities    
Capital expenditures financed through accounts payable 860.0 1,380.0
Operating lease liabilities arising from obtaining right-of-use assets 208.0 274.0
Forgiveness of DWR loan for performance-based disbursements earned 67.0 0.0
Series 2022-A Recovery Bonds    
Cash Flows from Financing Activities    
Repayments of recovery bonds (14.0) 0.0
SB 901 Securitization    
Cash Flows from Financing Activities    
Repayments of recovery bonds (67.0) 0.0
Pacific Gas & Electric Co (Utility)    
Cash Flows from Operating Activities    
Net Income 1,106.0 1,130.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and decommissioning 2,074.0 1,913.0
Bad debt expense 293.0 76.0
Allowance for equity funds used during construction (82.0) (82.0)
Deferred income taxes and tax credits, net (278.0) (90.0)
Wildfire Fund expense 234.0 235.0
Disallowed capital expenditures 7.0 0.0
Other 57.0 248.0
Effect of changes in operating assets and liabilities:    
Accounts receivable 1,595.0 309.0
Wildfire-related insurance receivable 347.0 123.0
Inventories (46.0) (93.0)
Accounts payable 110.0 406.0
Wildfire-related claims (656.0) (535.0)
Other current assets and liabilities (223.0) (288.0)
Regulatory assets, liabilities, and balancing accounts, net (1,931.0) (1,486.0)
Other noncurrent assets and liabilities 20.0 (163.0)
Net cash provided by operating activities 2,627.0 1,703.0
Cash Flows from Investing Activities    
Capital expenditures (4,680.0) (4,539.0)
Proceeds from sales and maturities of nuclear decommissioning trust investments 751.0 1,369.0
Purchases of nuclear decommissioning trust investments (802.0) (1,341.0)
Proceeds from sales and maturities of customer credit trust investments 304.0 0.0
Purchases of customer credit trust investments 0.0 (485.0)
Proceeds from (repayments of) intercompany note to PG&E Corporation 0.0 145.0
Other 7.0 16.0
Net cash used in investing activities (4,420.0) (4,835.0)
Cash Flows from Financing Activities    
Borrowings under credit facilities 5,536.0 5,235.0
Repayments under credit facilities (7,665.0) (5,259.0)
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $61 and $35 at respective dates 4,690.0 4,265.0
Repayments of long-term debt (375.0) (4,441.0)
Proceeds from issuance of SB 901 recovery bonds, net of financing fees of $0 and $17 at respective dates 0.0 3,583.0
Preferred stock dividends paid (7.0) (63.0)
Common stock dividends paid (875.0) (425.0)
Equity contribution from PG&E Corporation 560.0 212.0
Other (11.0) 42.0
Net cash provided by financing activities 1,772.0 3,149.0
Net change in cash, cash equivalents, and restricted cash (21.0) 17.0
Cash, cash equivalents, and restricted cash at January 1 822.0 181.0
Cash, cash equivalents, and restricted cash at June 30 801.0 198.0
Less: Restricted cash and restricted cash equivalents (256.0) (76.0)
Cash and cash equivalents at June 30 545.0 122.0
Supplemental disclosures of cash flow information    
Interest, net of amounts capitalized (911.0) (602.0)
Supplemental disclosures of noncash investing and financing activities    
Capital expenditures financed through accounts payable 860.0 1,380.0
Operating lease liabilities arising from obtaining right-of-use assets 208.0 274.0
Forgiveness of DWR loan for performance-based disbursements earned 67.0 0.0
Pacific Gas & Electric Co (Utility) | Series 2022-A Recovery Bonds    
Cash Flows from Financing Activities    
Repayments of recovery bonds (14.0) 0.0
Pacific Gas & Electric Co (Utility) | SB 901 Securitization    
Cash Flows from Financing Activities    
Repayments of recovery bonds $ (67.0) $ 0.0