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WILDFIRE-RELATED CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Summary of Wildfire-Related Claims

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, 2021.

Loss Accrual (in millions)
Balance at December 31, 2021			$	769
Accrued Losses			150
Payments			(18)
Balance at September 30, 2022			$	901

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 2020 Zogg fire since December 31, 2021.

Loss Accrual (in millions)
Balance at December 31, 2021			$	211
Accrued Losses			—
Payments			(137)
Balance at September 30, 2022			$	74

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, 2021.

Loss Accrual (in millions)
Balance at December 31, 2021			$	1,150
Accrued Losses			—
Payments			(32)
Balance at September 30, 2022			$	1,118

Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of September 30, 2022 are:

Potential Recovery Source (in millions)			2022 Mosquito fire						2021 Dixie fire
Insurance			$	40					$	553
FERC TO rates			10						106
WEMA			50						367
Wildfire Fund			—						150
Probable recoveries at September 30, 2022			$	100					$	1,176

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)			2022 Mosquito fire						2021 Dixie fire						2020 Zogg fire						2019 Kincade fire						Total
Balance at December 31, 2021			$	—					$	563					$	270					$	414					$	1,247
Accrued insurance recoveries (1)			$	40					(10)						10						—						40
Reimbursements			—						—						(142)						(25)						(167)
Balance at September 30, 2022			$	40					$	553					$	138					$	389					$	1,120

(1) For the nine months ended September 30, 2022, the accrued insurance recoveries decreased for the 2021 Dixie fire with a corresponding increase to the 2020 Zogg fire for $10 million.

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- References

No definition available.

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- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14435-108349

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14326-108349

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124440162&loc=d3e12021-110248

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124440162&loc=d3e12053-110248

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121557415&loc=d3e14557-108349

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