EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Reconciliation of PG&E Corporation's Income Available for Common Shareholders and Weighted Average Common Shares Outstanding for Calculating 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)	2020		2019
Income available for common shareholders	$	371	$	136
Weighted average common shares outstanding, basic	529		526
Add incremental shares from assumed conversions:
Employee share-based compensation	—		1
Chapter 11-related settlements (1)	119		—
Weighted average common shares outstanding, diluted	648		527
Total income per common share, diluted	$	0.57	$	0.25

⁽¹⁾ As discussed in Note 2, the financing sources for the Plan are expected to include (1) one or more PG&E Corporation common stock offerings of up to $9.0 billion and (2) the issuance of new common stock to the Fire Victim Trust. These financing sources along with the Backstop Commitment premium of 119.0 million shares of common stock (which could increase by 19,909,091 additional shares) for the Backstop Commitments will dilute current equity interests if or when such common stock is issued. At March 31, 2020, only the Backstop Commitment premium meets the requirements to be presented as incremental shares in the calculation of diluted income per common share.