XML 57 R38.htm IDEA: XBRL DOCUMENT v3.24.1.u1
WILDFIRE-RELATED CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Wildfire-Related Claims
The following table presents the cumulative amounts PG&E Corporation and the Utility have paid through March 31, 2024.
Payments (in millions)
2019 Kincade Fire
$780 
2020 Zogg Fire392 
2021 Dixie Fire869 
2022 Mosquito Fire15 
Total at March 31, 2024
$2,056 
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2019 Kincade fire since December 31, 2023.
Loss Accrual (in millions)
Balance at December 31, 2023
$458 
Accrued Losses— 
Payments(113)
Balance at March 31, 2024
$345 
The following table presents changes in the best estimate of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2020 Zogg fire since December 31, 2023.
Loss Accrual (in millions)
Balance at December 31, 2023
$10 
Accrued Losses— 
Payments(2)
Balance at March 31, 2024
$8 
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2021 Dixie fire since December 31, 2023.
Loss Accrual (in millions)
Balance at December 31, 2023
$870 
Accrued Losses— 
Payments(138)
Balance at March 31, 2024
$732 
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable range of losses for claims arising from the 2022 Mosquito fire since December 31, 2023.
Loss Accrual (in millions)
Balance at December 31, 2023
$85 
Accrued Losses— 
Payments— 
Balance at March 31, 2024
$85 
Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of March 31, 2024 are:
Potential Recovery Source (in millions)2021 Dixie fire2022 Mosquito fire
Insurance$526 $68 
FERC TO rates
92 
WEMA
484 52 
Wildfire Fund600 — 
Probable recoveries at March 31, 2024 (1)
$1,702 $128 
(1) Includes legal costs of $96 million and $28 million related to the 2021 Dixie fire and 2022 Mosquito fire, respectively, as of March 31, 2024.
The balances for insurance receivables with respect to wildfires are included in Other accounts receivable in PG&E Corporation’s and the Utility’s Condensed Consolidated Balance Sheets:
Insurance Receivable (in millions)2020 Zogg fire2021 Dixie fire2022 Mosquito fireTotal
Balance at December 31, 2023
$47 $326 $63 $436 
Accrued insurance recoveries
— — 
Reimbursements
(5)(75)— (80)
Balance at March 31, 2024
$42 $251 $68 $361