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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues        
Total operating revenues $ 5,394.0 $ 5,465.0 $ 16,310.0 $ 15,396.0
Operating Expenses        
Operating and maintenance 2,250.0 2,795.0 7,651.0 7,714.0
SB 901 securitization charges, net 0.0 0.0 40.0 0.0
Wildfire-related claims, net of recoveries 9.0 94.0 153.0 261.0
Wildfire Fund expense 118.0 162.0 353.0 399.0
Depreciation, amortization, and decommissioning 1,002.0 801.0 2,915.0 2,540.0
Total operating expenses 4,668.0 5,161.0 14,603.0 14,154.0
Operating Income 726.0 304.0 1,707.0 1,242.0
Interest income 43.0 0.0 70.0 17.0
Interest expense (525.0) (399.0) (1,355.0) (1,205.0)
Other income, net 118.0 132.0 246.0 387.0
Reorganization items, net 0.0 0.0 0.0 (11.0)
Income Before Income Taxes 362.0 37.0 668.0 430.0
Income tax provision (benefit) (97.0) 1,125.0 (629.0) 994.0
Net Income (Loss) 459.0 (1,088.0) 1,297.0 (564.0)
Preferred stock dividend requirement 3.0      
Income (Loss) Attributable to Common Shareholders 456.0 (1,091.0) 1,287.0 (574.0)
Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 5,394.0 5,465.0 16,310.0 15,396.0
Operating Expenses        
Operating and maintenance 2,248.0 2,793.0 7,565.0 7,705.0
SB 901 securitization charges, net 0.0 0.0 40.0 0.0
Wildfire-related claims, net of recoveries 9.0 94.0 153.0 261.0
Wildfire Fund expense 118.0 162.0 353.0 399.0
Depreciation, amortization, and decommissioning 1,002.0 801.0 2,915.0 2,540.0
Total operating expenses 4,666.0 5,159.0 14,517.0 14,145.0
Operating Income 728.0 306.0 1,793.0 1,251.0
Interest income 42.0 0.0 71.0 17.0
Interest expense (458.0) (342.0) (1,175.0) (1,032.0)
Other income, net 127.0 133.0 415.0 390.0
Reorganization items, net 0.0 0.0 0.0 (12.0)
Income Before Income Taxes 439.0 97.0 1,104.0 614.0
Income tax provision (benefit) (51.0) 1,139.0 (516.0) 1,039.0
Net Income (Loss) 490.0 (1,042.0) 1,620.0 (425.0)
Preferred stock dividend requirement 3.0 3.0 10.0 10.0
Income (Loss) Attributable to Common Shareholders 487.0 (1,045.0) 1,610.0 (435.0)
Electric        
Operating Revenues        
Total operating revenues 3,895.0 4,181.0 11,743.0 11,527.0
Operating Expenses        
Cost of electricity and natural gas 1,032.0 1,133.0 2,314.0 2,570.0
Electric | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 3,895.0 4,181.0 11,743.0 11,527.0
Operating Expenses        
Cost of electricity and natural gas 1,032.0 1,133.0 2,314.0 2,570.0
Natural gas        
Operating Revenues        
Total operating revenues 1,499.0 1,284.0 4,567.0 3,869.0
Operating Expenses        
Cost of electricity and natural gas 257.0 176.0 1,177.0 670.0
Natural gas | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 1,499.0 1,284.0 4,567.0 3,869.0
Operating Expenses        
Cost of electricity and natural gas $ 257.0 $ 176.0 $ 1,177.0 $ 670.0