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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues        
Total operating revenues $ 5,986.0 $ 5,290.0 $ 11,847.0 $ 11,499.0
Operating Expenses        
Operating and maintenance 2,757.0 2,436.0 5,393.0 5,113.0
SB 901 securitization charges, net 0.0 289.0 0.0 562.0
Wildfire-related claims, net of recoveries (3.0) (1.0) (4.0) (3.0)
Wildfire Fund expense 78.0 117.0 156.0 234.0
Depreciation, amortization, and decommissioning 1,053.0 997.0 2,075.0 2,074.0
Total operating expenses 4,852.0 4,784.0 9,437.0 10,364.0
Operating Income 1,134.0 506.0 2,410.0 1,135.0
Interest income 202.0 143.0 339.0 255.0
Interest expense (812.0) (640.0) (1,527.0) (1,242.0)
Other income, net 82.0 66.0 158.0 151.0
Income Before Income Taxes 606.0 75.0 1,380.0 299.0
Income tax provision (benefit) 82.0 (335.0) 121.0 (683.0)
Net Income 524.0 410.0 1,259.0 982.0
Preferred stock dividend requirement 4.0      
Income Available for Common Shareholders 520.0 406.0 1,252.0 975.0
Income Available for Common Shareholders 520.0 406.0 1,252.0 975.0
Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 5,986.0 5,290.0 11,847.0 11,499.0
Operating Expenses        
Operating and maintenance 2,753.0 2,431.0 5,384.0 5,105.0
SB 901 securitization charges, net 0.0 289.0 0.0 562.0
Wildfire-related claims, net of recoveries (3.0) (1.0) (4.0) (3.0)
Wildfire Fund expense 78.0 117.0 156.0 234.0
Depreciation, amortization, and decommissioning 1,053.0 997.0 2,075.0 2,074.0
Total operating expenses 4,848.0 4,779.0 9,428.0 10,356.0
Operating Income 1,138.0 511.0 2,419.0 1,143.0
Interest income 199.0 140.0 333.0 250.0
Interest expense (750.0) (553.0) (1,404.0) (1,073.0)
Other income, net 79.0 64.0 158.0 148.0
Income Before Income Taxes 666.0 162.0 1,506.0 468.0
Income tax provision (benefit) 101.0 (318.0) 160.0 (638.0)
Net Income 565.0 480.0 1,346.0 1,106.0
Preferred stock dividend requirement 4.0 4.0 7.0 7.0
Income Available for Common Shareholders 561.0 476.0    
Income Available for Common Shareholders 561.0 476.0 1,339.0 1,099.0
Electric        
Operating Revenues        
Total operating revenues 4,458.0 3,852.0 8,510.0 7,971.0
Operating Expenses        
Cost of electricity and natural gas 763.0 672.0 1,084.0 1,194.0
Electric | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 4,458.0 3,852.0 8,510.0 7,971.0
Operating Expenses        
Cost of electricity and natural gas 763.0 672.0 1,084.0 1,194.0
Natural gas        
Operating Revenues        
Total operating revenues 1,528.0 1,438.0 3,337.0 3,528.0
Operating Expenses        
Cost of electricity and natural gas 204.0 274.0 733.0 1,190.0
Natural gas | Pacific Gas & Electric Co (Utility)        
Operating Revenues        
Total operating revenues 1,528.0 1,438.0 3,337.0 3,528.0
Operating Expenses        
Cost of electricity and natural gas $ 204.0 $ 274.0 $ 733.0 $ 1,190.0