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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues    
Total operating revenues $ 6,209 $ 5,798
Operating Expenses    
Operating and maintenance 2,677 3,110
SB 901 securitization charges, net 273 0
Wildfire-related claims, net of recoveries (2) (1)
Wildfire Fund expense 117 118
Depreciation, amortization, and decommissioning 1,077 972
Total operating expenses 5,580 5,262
Operating Income 629 536
Interest income 112 8
Interest expense (602) (419)
Other income, net 85 149
Income Before Income Taxes 224 274
Income tax provision (benefit) (348) (204)
Net Income 572 478
Preferred stock dividend requirement 3 2
Income Available for Common Shareholders 569 475
Pacific Gas & Electric Co (Utility)    
Operating Revenues    
Total operating revenues 6,209 5,798
Operating Expenses    
Operating and maintenance 2,674 3,107
SB 901 securitization charges, net 273 0
Wildfire-related claims, net of recoveries (2) (1)
Wildfire Fund expense 117 118
Depreciation, amortization, and decommissioning 1,077 972
Total operating expenses 5,577 5,259
Operating Income 632 539
Interest income 110 9
Interest expense (520) (364)
Other income, net 84 156
Income Before Income Taxes 306 340
Income tax provision (benefit) (320) (190)
Net Income 626 530
Preferred stock dividend requirement 3 3
Income Available for Common Shareholders 623 527
Electric    
Operating Revenues    
Total operating revenues 4,119 4,158
Operating Expenses    
Cost of electricity and natural gas 522 502
Electric | Pacific Gas & Electric Co (Utility)    
Operating Revenues    
Total operating revenues 4,119 4,158
Operating Expenses    
Cost of electricity and natural gas 522 502
Natural gas    
Operating Revenues    
Total operating revenues 2,090 1,640
Operating Expenses    
Cost of electricity and natural gas 916 561
Natural gas | Pacific Gas & Electric Co (Utility)    
Operating Revenues    
Total operating revenues 2,090 1,640
Operating Expenses    
Cost of electricity and natural gas $ 916 $ 561