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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share

NOTE 6: EARNINGS PER SHARE

PG&E Corporation's basic earnings per common share ("EPS") is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding. PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS. The following is a reconciliation of PG&E Corporation's income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:

 

     Three Months Ended  
     March 31,  
(in millions, except per share amounts)    2012      2011  
Diluted              

Income available for common shareholders

   $ 233      $ 199   

Weighted average common shares outstanding, basic

     414        396   

Add incremental shares from assumed conversions:

     

Employee share-based compensation

     2        1   
  

 

 

    

 

 

 

Weighted average common shares outstanding, diluted

     416        397   
  

 

 

    

 

 

 

Total earnings per common share, diluted

   $  0.56      $  0.50   
  

 

 

    

 

 

 

For each of the periods presented above, options and securities that were antidilutive were immaterial.

Pacific Gas And Electric Company [Member]
 
Earnings Per Share

NOTE 6: EARNINGS PER SHARE

PG&E Corporation's basic earnings per common share ("EPS") is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding. PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS. The following is a reconciliation of PG&E Corporation's income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:

 

     Three Months Ended  
     March 31,  
(in millions, except per share amounts)    2012      2011  
Diluted              

Income available for common shareholders

   $ 233      $ 199   

Weighted average common shares outstanding, basic

     414        396   

Add incremental shares from assumed conversions:

     

Employee share-based compensation

     2        1   
  

 

 

    

 

 

 

Weighted average common shares outstanding, diluted

     416        397   
  

 

 

    

 

 

 

Total earnings per common share, diluted

   $  0.56      $  0.50   
  

 

 

    

 

 

 

For each of the periods presented above, options and securities that were antidilutive were immaterial.