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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues    
Total operating revenues $ 5,861.0 $ 6,209.0
Operating Expenses    
Operating and maintenance 2,636.0 2,677.0
SB 901 securitization charges, net 0.0 273.0
Wildfire-related claims, net of recoveries (1.0) (2.0)
Wildfire Fund expense 78.0 117.0
Depreciation, amortization, and decommissioning 1,022.0 1,077.0
Total operating expenses 4,585.0 5,580.0
Operating Income 1,276.0 629.0
Interest income 137.0 112.0
Interest expense (715.0) (602.0)
Other income, net 76.0 85.0
Income Before Income Taxes 774.0 224.0
Income tax provision (benefit) 39.0 (348.0)
Net Income 735.0 572.0
Preferred stock dividend requirement 3.0 3.0
Income Available for Common Shareholders 732.0 569.0
Pacific Gas & Electric Co (Utility)    
Operating Revenues    
Total operating revenues 5,861.0 6,209.0
Operating Expenses    
Operating and maintenance 2,631.0 2,674.0
SB 901 securitization charges, net 0.0 273.0
Wildfire-related claims, net of recoveries (1.0) (2.0)
Wildfire Fund expense 78.0 117.0
Depreciation, amortization, and decommissioning 1,022.0 1,077.0
Total operating expenses 4,580.0 5,577.0
Operating Income 1,281.0 632.0
Interest income 134.0 110.0
Interest expense (654.0) (520.0)
Other income, net 79.0 84.0
Income Before Income Taxes 840.0 306.0
Income tax provision (benefit) 59.0 (320.0)
Net Income 781.0 626.0
Preferred stock dividend requirement 3.0 3.0
Income Available for Common Shareholders 778.0 623.0
Electric    
Operating Revenues    
Total operating revenues 4,052.0 4,119.0
Operating Expenses    
Cost of electricity and natural gas 321.0 522.0
Electric | Pacific Gas & Electric Co (Utility)    
Operating Revenues    
Total operating revenues 4,052.0 4,119.0
Operating Expenses    
Cost of electricity and natural gas 321.0 522.0
Natural gas    
Operating Revenues    
Total operating revenues 1,809.0 2,090.0
Operating Expenses    
Cost of electricity and natural gas 529.0 916.0
Natural gas | Pacific Gas & Electric Co (Utility)    
Operating Revenues    
Total operating revenues 1,809.0 2,090.0
Operating Expenses    
Cost of electricity and natural gas $ 529.0 $ 916.0