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CONSOLIDATED STATEMENTS OF CASH FLOWS, UTILITY - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income (loss) $ (88) $ (1,304) $ (7,642)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and decommissioning 3,403 3,468 3,234
Bad Debt Expense 154 150 46
Allowance for equity funds used during construction (133) (140) (79)
Deferred income taxes and tax credits, net 1,783 1,097 (2,948)
Reorganization items, net (Note 2) (73) 1,458 108
Wildfire fund expense 517 413 0
Disallowed capital expenditures 0 17 581
Other 248 249 161
Effect of changes in operating assets and liabilities:      
Accounts receivable (589) (1,182) (104)
Wildfire-related insurance receivable (723) 1,564 35
Inventories (32) 6 (80)
Accounts payable 117 58 516
Wildfire-related claims 472 (16,525) (114)
Income taxes receivable/payable 0 0 23
Other current assets and liabilities 244 (1,079) 77
Regulatory assets, liabilities, and balancing accounts, net (2,266) (2,451) (1,417)
Liabilities subject to compromise 0 413 12,222
Contributions to Wildfire fund (193) (5,200) 0
Other noncurrent assets and liabilities (579) (142) 197
Net cash provided by (used in) operating activities 2,262 (19,130) 4,816
Cash Flows from Investing Activities      
Capital expenditures (7,689) (7,690) (6,313)
Proceeds from sale of the SFGO 749 0 0
Proceeds from sales and maturities of nuclear decommissioning trust investments 1,678 1,518 956
Purchases of nuclear decommissioning trust investments (1,702) (1,590) (1,032)
Other 59 14 11
Net cash used in investing activities (6,905) (7,748) (6,378)
Cash Flows from Financing Activities      
Proceeds from debtor-in-possession credit facility 0 500 1,850
Repayments of debtor-in-possession credit facility 0 (2,000) (350)
Debtor-in-possession credit facility debt issuance costs 0 (6) (113)
Bridge facility financing fees 0 (73) 0
Borrowings under credit facilities 9,730 8,554 0
Repayments under credit facilities (9,976) (3,949) 0
Credit facilities financing fees (9) (22) 0
Short-term debt financing, net of issuance costs of $1, $2, and $0 at respective dates 300 1,448 0
Short-term debt matured (1,450) 0 0
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $43, $178, and $0 at respective dates 5,474 13,497 0
Repayment of long-term debt (87) (764) 0
Proceeds from sale of future revenue from transmission tower license sales, net of fees 370 0 0
Exchanged debt financing fees 0 (103) 0
Other (29) (40) (8)
Net cash provided by financing activities 4,323 25,928 1,464
Net change in cash, cash equivalents, and restricted cash (320) (950) (98)
Cash, cash equivalents, and restricted cash at January 1 627 1,577 1,675
Cash, cash equivalents, and restricted cash at December 31 307 627 1,577
Less: Restricted cash and restricted cash equivalents (16) (143) (7)
Cash and cash equivalents at December 31 291 484 1,570
Cash paid for:      
Interest, net of amounts capitalized (1,404) (1,563) (10)
Income taxes, net 99 0 0
Supplemental disclosures of noncash investing and financing activities      
Capital expenditures financed through accounts payable 1,311 515 826
Operating lease liabilities arising from obtaining ROU assets 100 13 2,816
Pacific Gas & Electric Co (Utility)      
Cash Flows from Operating Activities      
Net income (loss) 138 411 (7,622)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and decommissioning 3,403 3,469 3,233
Bad Debt Expense 154 150 46
Allowance for equity funds used during construction (133) (140) (79)
Deferred income taxes and tax credits, net 1,846 1,141 (2,952)
Reorganization items, net (Note 2) (41) (90) 97
Wildfire fund expense 517 413 0
Disallowed capital expenditures 0 17 581
Other 172 220 121
Effect of changes in operating assets and liabilities:      
Accounts receivable (584) (1,160) (132)
Wildfire-related insurance receivable (723) 1,564 35
Inventories (32) 6 (80)
Accounts payable 44 (24) 579
Wildfire-related claims 472 (16,525) (114)
Income taxes receivable/payable 0 0 5
Other current assets and liabilities 251 (1,141) 101
Regulatory assets, liabilities, and balancing accounts, net (2,266) (2,451) (1,417)
Liabilities subject to compromise 0 401 12,194
Contributions to Wildfire fund (193) (5,200) 0
Other noncurrent assets and liabilities (577) (108) 214
Net cash provided by (used in) operating activities 2,448 (19,047) 4,810
Cash Flows from Investing Activities      
Capital expenditures (7,689) (7,690) (6,313)
Proceeds from sale of the SFGO 749 0 0
Proceeds from sales and maturities of nuclear decommissioning trust investments 1,678 1,518 956
Purchases of nuclear decommissioning trust investments (1,702) (1,590) (1,032)
Intercompany note to PG&E Corporation (145) 0 0
Other 59 14 11
Net cash used in investing activities (7,050) (7,748) (6,378)
Cash Flows from Financing Activities      
Proceeds from debtor-in-possession credit facility 0 500 1,850
Repayments of debtor-in-possession credit facility 0 (2,000) (350)
Debtor-in-possession credit facility debt issuance costs 0 (6) (97)
Bridge facility financing fees 0 (33) 0
Borrowings under credit facilities 9,730 8,554 0
Repayments under credit facilities (9,976) (3,949) 0
Credit facilities financing fees (9) (22) 0
Short-term debt financing, net of issuance costs of $1, $2, and $0 at respective dates 300 1,448 0
Short-term debt matured (1,450) 0 0
Proceeds from issuance of long-term debt, net of premium, discount and issuance costs of $43, $178, and $0 at respective dates 5,474 8,837 0
Repayment of long-term debt (59) (100) 0
Proceeds from sale of future revenue from transmission tower license sales, net of fees 370 0 0
Exchanged debt financing fees 0 (103) 0
Equity contribution from PG&E Corporation 0 12,986 0
Other (1) (42) (8)
Net cash provided by financing activities 4,379 26,070 1,395
Net change in cash, cash equivalents, and restricted cash (223) (725) (173)
Cash, cash equivalents, and restricted cash at January 1 404 1,129 1,302
Cash, cash equivalents, and restricted cash at December 31 181 404 1,129
Less: Restricted cash and restricted cash equivalents (16) (143) (7)
Cash and cash equivalents at December 31 165 261 1,122
Cash paid for:      
Interest, net of amounts capitalized (1,198) (1,458) (7)
Income taxes, net 99 0 0
Supplemental disclosures of noncash investing and financing activities      
Capital expenditures financed through accounts payable 1,311 515 826
Operating lease liabilities arising from obtaining ROU assets 100 13 2,807
Common stock equity infusion from PG&E Corporation used to satisfy liabilities $ 0 $ 6,750 $ 0