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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues      
Total operating revenues $ 24,428 $ 21,680 $ 20,642
Operating Expenses      
Operating and maintenance 11,924 9,809 10,200
SB 901 securitization charges, net 1,267 608 0
Wildfire-related claims, net of recoveries 64 237 258
Wildfire Fund expense 567 477 517
Depreciation, amortization, and decommissioning 3,738 3,856 3,403
Total operating expenses 21,757 19,843 18,759
Operating Income 2,671 1,837 1,883
Interest income 606 162 20
Interest expense (2,850) (1,917) (1,601)
Other income, net 272 394 457
Reorganization items, net 0 0 (11)
Income Before Income Taxes 699 476 748
Income tax provision (benefit) (1,557) (1,338) 836
Net Income 2,256 1,814 (88)
Preferred stock dividend requirement 14 13  
Income Available for Common Shareholders 2,242 1,800 (102)
Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 24,428 21,680 20,642
Operating Expenses      
Operating and maintenance 11,913 9,725 10,194
SB 901 securitization charges, net 1,267 608 0
Wildfire-related claims, net of recoveries 64 237 258
Wildfire Fund expense 567 477 517
Depreciation, amortization, and decommissioning 3,738 3,856 3,403
Total operating expenses 21,746 19,759 18,753
Operating Income 2,682 1,921 1,889
Interest income 593 162 22
Interest expense (2,485) (1,658) (1,373)
Other income, net 293 595 512
Reorganization items, net 0 0 (12)
Income Before Income Taxes 1,083 1,020 1,038
Income tax provision (benefit) (1,461) (1,206) 900
Net Income 2,544 2,226 138
Preferred stock dividend requirement 14 14 14
Income Available for Common Shareholders 2,530 2,212 124
Electric      
Operating Revenues      
Total operating revenues 17,424 15,060 15,131
Operating Expenses      
Cost of electricity and natural gas 2,443 2,756 3,232
Electric | Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 17,424 15,060 15,131
Operating Expenses      
Cost of electricity and natural gas 2,443 2,756 3,232
Natural gas      
Operating Revenues      
Total operating revenues 7,004 6,620 5,511
Operating Expenses      
Cost of electricity and natural gas 1,754 2,100 1,149
Natural gas | Pacific Gas & Electric Co (Utility)      
Operating Revenues      
Total operating revenues 7,004 6,620 5,511
Operating Expenses      
Cost of electricity and natural gas $ 1,754 $ 2,100 $ 1,149