Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Reconciliation Of PG&E Corporation's Income Available For Common Shareholders And Weighted Average Shares Of Common Stock Outstanding For Calculating Basic EPS

	Three Months Ended     September 30,				Nine Months Ended     September 30,
(in millions, except per share amounts)	2011		2010		2011		2010
Basic
Income available for common shareholders		$  200		$ 258		$  761		$  849
Less: distributed earnings to common shareholders		-		179		-		527
Undistributed earnings		$ -		$ 79		$ -		$  322
Allocation of undistributed earnings to common shareholders
Distributed earnings to common shareholders		$ -		$ 179		$ -		$  527
Undistributed earnings allocated to common shareholders		-		79		-		313
Total common shareholders earnings		$ -		$ 258		$ -		$  840
Weighted average common shares outstanding, basic		403		390		399		378
Convertible subordinated notes		-		-		-		11
Weighted average common shares outstanding and participating securities		403		390		399		389
Net earnings per common share, basic
Distributed earnings, basic (1)		$ -		$  0.46		$ -		$  1.39
Undistributed earnings, basic		-		0.20		-		0.83
Total		$  0.50		$  0.66		$  1.91		$  2.22

⁽¹⁾  Distributed earnings, basic may differ from actual per share amounts paid as dividends, as the EPS computation under GAAP requires the use of the weighted average, rather than the actual, number of shares outstanding.

Reconciliation Of PG&E Corporation's Income Available For Common Shareholders And Weighted Average Shares Of Common Stock Outstanding For Calculating Diluted EPS

	Three Months     Ended		Nine Months     Ended
(in millions, except per share amounts)	September 30,     2011		September 30,     2011
Diluted
Income available for common shareholders		$  200		$  761
Weighted average common shares outstanding, basic		403		399
Add incremental shares from assumed conversions:
Employee share-based compensation		1		1
Weighted average common shares outstanding, diluted		404		400
Net earnings per common share, diluted		$  0.50		$  1.90

(in millions, except per share amounts)	Three Months     Ended		Nine Months     Ended
	September 30,     2010		September 30,     2010
Diluted
Income available for common shareholders		$  258		$  849
Add earnings impact of assumed conversion of participating securities:
Interest expense on convertible subordinated notes, net of tax		-		8
Income available for common shareholders and assumed conversion		$  258		$  857
Weighted average common shares outstanding, basic		390		378
Add incremental shares from assumed conversions:
Convertible subordinated notes		-		11
Employee share-based compensation		2		2
Weighted average common shares outstanding, diluted		392		391
Net earnings per common share, diluted		$  0.66		$  2.19