XML 68 R38.htm IDEA: XBRL DOCUMENT
v3.22.4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Accounting Policies [Abstract] |
Summary of Revenues Disaggregated by Type of Customer | The following table presents the Utility’s revenues disaggregated by type of customer:
| Year Ended December 31,
(in millions) | 2022 |  | 2021
Electric |  |  |
Revenue from contracts with customers |  |  |
Residential | $ | 6,130 |  |  | $ | 6,089 |
Commercial | 5,416 |  |  | 5,042 |
Industrial | 1,626 |  |  | 1,493 |
Agricultural | 1,830 |  |  | 1,565 |
Public street and highway lighting | 77 |  |  | 73 |
Other, net (1) | (247) |  |  | (84) |
Total revenue from contracts with customers - electric | 14,832 |  |  | 14,178 |
Regulatory balancing accounts (2) | 228 |  |  | 953 |
Total electric operating revenue | $ | 15,060 |  |  | $ | 15,131 |
Natural gas |  |  |
Revenue from contracts with customers |  |  |
Residential | $ | 3,353 |  |  | $ | 2,759 |
Commercial | 1,005 |  |  | 713 |
Transportation service only | 1,534 |  |  | 1,346 |
Other, net (1) | 163 |  |  | 140 |
Total revenue from contracts with customers - gas | 6,055 |  |  | 4,958 |
Regulatory balancing accounts (2) | 565 |  |  | 553 |
Total natural gas operating revenue | 6,620 |  |  | 5,511 |
Total operating revenues | $ | 21,680 |  |  | $ | 20,642 |
(1) This activity is primarily related to the change in unbilled revenue and amounts subject to refund, partially offset by other miscellaneous revenue items. (2) These amounts represent revenues authorized to be billed or refunded to customers.
Schedule of Estimated Useful Lives and Balances of Utility's Property, Plant and Equipment | The Utility’s estimated service lives of its property, plant, and equipment were as follows:
| Estimated Service |  | Balance at December 31,
(in millions, except estimated service lives) | Lives (years) |  | 2022 |  | 2021
Electricity generating facilities (1) | 5 to 75 |  | $ | 11,781 |  |  | $ | 11,217 |
Electricity distribution facilities | 10 to 70 |  | 41,061 |  |  | 37,723 |
Electricity transmission facilities | 15 to 75 |  | 16,413 |  |  | 15,516 |
Natural gas distribution facilities | 20 to 60 |  | 15,366 |  |  | 14,100 |
Natural gas transmission and storage facilities | 5 to 66 |  | 9,859 |  |  | 9,067 |
Financing lease |  |  | 18 |  |  | 18 |
Construction work in progress |  |  | 4,137 |  |  | 3,480 |
General plant and other | 5 to 50 |  | 8,518 |  |  | 7,838 |
Total property, plant, and equipment |  |  | 107,153 |  |  | 98,959 |
Accumulated depreciation |  |  | (30,946) |  |  | (29,131) |
Net property, plant, and equipment (2) |  |  | $ | 76,207 |  |  | $ | 69,828 |
(1) Balance includes nuclear fuel inventories. Stored nuclear fuel inventory is stated at weighted-average cost. Nuclear fuel in the reactor is expensed as it is used based on the amount of energy output. See Note 16 below.(2) Includes $1.8 billion of fire risk mitigation-related property, plant, and equipment securitized in accordance with AB 1054. See Note 5 below.
Changes In Asset Retirement Obligations | The following table summarizes the changes in ARO liability during 2022 and 2021, including nuclear decommissioning obligations:
(in millions) | 2022 |  | 2021
ARO liability at beginning of year | $ | 5,298 |  |  | $ | 6,412 |
Liabilities incurred | 134 |  |  | — |
Revision in estimated cash flows | 325 |  |  | (1,378) |
Accretion | 213 |  |  | 287 |
Liabilities settled | (58) |  |  | (23) |
ARO liability at end of year | $ | 5,912 |  |  | $ | 5,298 |
Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income | The changes, net of income tax, in PG&E Corporation’s accumulated other comprehensive income (loss) for the year ended December 31, 2022 consisted of the following:
(in millions, net of income tax) | Pension Benefits |  | Other Benefits |  | Customer Credit Trust |  | Total
Beginning balance | $ | (33) |  |  | $ | 18 |  |  | $ | — |  |  | $ | (15) |
Other comprehensive income before reclassifications: |  |  |  |  |  |  |
Loss on investments (net of taxes of $0, $0 and $3, respectively) | — |  |  | — |  |  | (6) |  |  | (6) |
Unrecognized net actuarial gain (net of taxes of $102, $99 and $0, respectively) | 263 |  |  | (255) |  |  | — |  |  | 8 |
Regulatory account transfer (net of taxes of $94, $99 and $0, respectively) | (242) |  |  | 255 |  |  | — |  |  | 13 |
Amounts reclassified from other comprehensive income: |  |  |  |  |  |  |
Amortization of prior service cost (net of taxes of $1, $2 and $0, respectively) (1) | (3) |  |  | 5 |  |  | — |  |  | 2 |
Amortization of net actuarial (gain) loss (net of taxes of $1, $11 and $0, respectively) (1) | 1 |  |  | (29) |  |  | — |  |  | (28) |
Regulatory account transfer (net of taxes of $0, $9 and $0, respectively) (1) | 2 |  |  | 24 |  |  | — |  |  | 26 |
Net current period other comprehensive income (loss) | 21 |  |  | — |  |  | (6) |  |  | 15 |
Ending balance | $ | (12) |  |  | $ | 18 |  |  | $ | (6) |  |  | $ | — |
(1) These components are included in the computation of net periodic pension and other postretirement benefit costs. See Note 13 below for additional details. The changes, net of income tax, in PG&E Corporation’s accumulated other comprehensive income (loss) for the year ended December 31, 2021 consisted of the following:
(in millions, net of income tax) | Pension Benefits |  | Other Benefits |  | Total
Beginning balance | $ | (39) |  |  | $ | 17 |  |  | $ | (22) |
Other comprehensive income before reclassifications: |  |  |  |  |
Unrecognized net actuarial gain (net of taxes of $391 and $53, respectively) | 1,007 |  |  | 137 |  |  | 1,144 |
Regulatory account transfer (net of taxes of $390 and $53, respectively) | (1,003) |  |  | (136) |  |  | (1,139) |
Amounts reclassified from other comprehensive income: |  |  |  |  |
Amortization of prior service cost (net of taxes of $2 and $4, respectively) (1) | (4) |  |  | 10 |  |  | 6 |
Amortization of net actuarial (gain) loss (net of taxes of $2 and $9, respectively)(1) | 4 |  |  | (24) |  |  | (20) |
Regulatory account transfer (net of taxes of $1 and $5, respectively) (1) | 2 |  |  | 14 |  |  | 16 |
Net current period other comprehensive income | 6 |  |  | 1 |  |  | 7 |
Ending balance | $ | (33) |  |  | $ | 18 |  |  | $ | (15) |
(1) These components are included in the computation of net periodic pension and other postretirement benefit costs. See Note 13 below for additional details.
Schedule of Lease Expense | The following table shows the lease expense recognized for the fixed and variable component of the Utility’s lease obligations:
| Year Ended December 31,
(in millions) | 2022 |  | 2021
Operating lease fixed cost | $ | 500 |  |  | $ | 578 |
Operating lease variable cost | 1,829 |  |  | 1,782 |
Total operating lease costs | $ | 2,329 |  |  | $ | 2,360 |
Schedule of Future Expected Operating Lease Payments | At December 31, 2022, the Utility’s future expected operating lease payments were as follows:
(in millions) | December 31, 2022
2023 | $ | 307 |
2024 | 150 |
2025 | 146 |
2026 | 143 |
2027 | 142 |
Thereafter | 2,196 |
Total lease payments | 3,084 |
Less imputed interest | (1,610) |
Total | $ | 1,474 |

X
- Definition Changes in asset retirement obligations + References No definition available. + Details
Name: | pcg_ChangesInAssetRetirementObligationsTableTextBlock
Namespace Prefix: | pcg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Estimated Useful Lives And Balances Of Utilities Property, Plant And Equipment [Table Text Block] + References No definition available. + Details
Name: | pcg_ScheduleOfEstimatedUsefulLivesAndBalancesOfUtilitiesPropertyPlantAndEquipmentTableTextBlock
Namespace Prefix: | pcg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration