BANKRUPTCY FILING (Tables)

12 Months Ended

Dec. 31, 2020

Schedule Of Liabilities Subject To Compromise

Liabilities subject to compromise as of December 31, 2019 which were settled or reclassified as of December 31, 2020 consist of the following:


(in millions)	Utility		PG&E Corporation (1)		December 31, 2019 PG&E Corporation Consolidated		Change in Estimated Allowed Claim 2020 (2)		Cash Payment		Reclassified as of June 30, 2020 (3)		Utility		PG&E Corporation (1)		December 31, 2020 PG&E Corporation Consolidated
Financing debt	$	22,450	$	666	$	23,116	$	351	$	—	$	(23,467)	$	—	$	—	$	—
Wildfire-related claims	25,548		—		25,548		18		(23)		(25,543)		—		—		—
Trade creditors (4)	1,183		5		1,188		6		(14)		(1,180)		—		—		—
Non-qualified benefit plan	20		137		157		—		—		(157)		—		—		—
2001 bankruptcy disputed claims	234		—		234		4		—		(238)		—		—		—
Customer deposits & advances	71		—		71		12		—		(83)		—		—		—
Other	230		2		232		59		—		(291)		—		—		—
Total Liabilities Subject to Compromise	$	49,736	$	810	$	50,546	$	450	$	(37)	$	(50,959)	$	—	$	—	$	—

(1) PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.

(2) Change in estimated allowed claim amounts are primarily due to interest accruals with the exception of the “wildfire-related claims,” “customer deposits & advances,” and “other” line items which are mainly due to the adjustment to recorded liabilities.

(3) Amounts reclassified as of June 30, 2020 included $8.6 million to Accounts payable - other, $237.6 million to Disputed claims and customer refunds, $1,347.4 million to Interest payable, $21,425.7 million to Long-term debt, $300.0 million to Short-term borrowings, $450.0 million to Long-term debt, classified as current, $301.0 million to Other current liabilities, $97.9 million to Other non-current liabilities, $121.3 million to Pension and other post-retirement benefits, $1,126.9 million to Accounts payable - trade creditors, and $25,542.7 million to Wildfire-related claims on the Condensed Consolidated Balance Sheets.

(4) As of February 18, 2021, $5 million and $941 million has been repaid by PG&E Corporation and the Utility, respectively.

Schedule Of Debtor Reorganization Items

Reorganization items, net for the year ended December 31, 2020 include the following:


	Year Ended December 31, 2020
(in millions)	Utility		PG&E Corporation (1)		PG&E Corporation Consolidated
Debtor-in-possession financing costs	$	6	$	—	$	6
Legal and other (2)	318		1,651		1,969
Interest and other	(14)		(2)		(16)
Total reorganization items, net	$	310	$	1,649	$	1,959

(1) PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.

(2) Amount includes $1.5 billion in equity backstop premium expense and bridge loan facility fees.

Reorganization items, net from the Petition Date through December 31, 2019 include the following:


	Petition Date Through December 31, 2019
(in millions)	Utility		PG&E Corporation (1)		PG&E Corporation Consolidated
Debtor-in-possession financing costs	$	97	$	17	$	114
Legal and other	273		19		292
Interest income	(50)		(10)		(60)
Total reorganization items, net	$	320	$	26	$	346

(1) PG&E Corporation amounts reflected under the column “PG&E Corporation” exclude the accounts of the Utility.