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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenues        
Electric $ 2,889 $ 2,515 $ 5,506 $ 5,025
Natural gas 795 717 1,775 1,682
Total operating revenues 3,684 3,232 7,281 6,707
Operating Expenses        
Cost of electricity 906 863 1,794 1,783
Cost of natural gas 258 247 766 742
Operating and maintenance 1,237 959 2,463 1,950
Depreciation, amortization, and decommissioning 591 468 1,082 919
Total operating expenses 2,992 2,537 6,105 5,394
Operating Income 692 695 1,176 1,313
Interest income 3 2 5 4
Interest expense (174) (175) (351) (343)
Other income (expense), net 21 2 38 (4)
Income Before Income Taxes 542 524 868 970
Income tax provision 176 187 300 372
Net Income 366 337 568 598
Preferred stock dividend requirement of subsidiary 4 4 7 7
Preferred stock dividend requirement        
Income Available for Common Shareholders 362 333 561 591
Weighted Average Common Shares Outstanding, Basic 399 373 397 372
Weighted Average Common Shares Outstanding, Diluted 400 390 399 389
Net Earnings Per Common Share, Basic $ 0.91 $ 0.88 $ 1.41 $ 1.56
Net Earnings Per Common Share, Diluted $ 0.91 $ 0.86 $ 1.41 $ 1.54
Dividends Declared Per Common Share $ 0.46 $ 0.46 $ 0.91 $ 0.91
Pacific Gas and Electric Company [Member]
       
Operating Revenues        
Electric 2,888 2,515 5,504 5,025
Natural gas 795 717 1,775 1,682
Total operating revenues 3,683 3,232 7,279 6,707
Operating Expenses        
Cost of electricity 906 863 1,794 1,783
Cost of natural gas 258 247 766 742
Operating and maintenance 1,228 958 2,454 1,948
Depreciation, amortization, and decommissioning 592 468 1,082 919
Total operating expenses 2,984 2,536 6,096 5,392
Operating Income 699 696 1,183 1,315
Interest income 2 2 4 4
Interest expense (169) (164) (340) (320)
Other income (expense), net 16 1 33 (5)
Income Before Income Taxes 548 535 880 994
Income tax provision 189 196 320 391
Net Income 359 339 560 603
Preferred stock dividend requirement 4 4 7 7
Income Available for Common Shareholders $ 355 $ 335 $ 553 $ 596