XML 52 R35.htm IDEA: XBRL DOCUMENT
v3.23.1

DERIVATIVES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Volumes of Outstanding Derivative Contracts | The volumes of the Utility’s outstanding derivatives were as follows:
|  |  |  | Contract Volume at
Underlying Product |  | Instruments |  | March 31, 2023 |  | December 31, 2022
Natural Gas (1) (MMBtus (2)) |  | Forwards, Futures and Swaps |  | 215,660,888 |  |  | 171,212,813 |
|  | Options |  | 17,850,000 |  |  | 27,785,000 |
Electricity (MWh) |  | Forwards, Futures and Swaps |  | 9,868,692 |  |  | 10,814,728 |
|  | Options |  | 431,200 |  |  | 215,600 |
|  | Congestion Revenue Rights (3) |  | 193,890,914 |  |  | 205,743,505 |
(1) Amounts shown are for the combined positions of the electric fuels and core gas supply portfolios. (2) Million British Thermal Units. (3) CRRs are financial instruments that enable the holders to manage variability in electric energy congestion charges due to transmission grid limitations.
Offsetting Liabilities | As of March 31, 2023, the Utility’s outstanding derivative balances were as follows:
| Commodity Risk
(in millions) | Gross Derivative Balance |  | Netting |  | Cash Collateral |  | Total Derivative Balance
Current assets – other | $ | 151 |  |  | $ | (7) |  |  | $ | 58 |  |  | $ | 202 |
Other noncurrent assets – other | 325 |  |  |  |  | — |  |  | 325 |
Current liabilities – other | (71) |  |  | 7 |  |  | 16 |  |  | (48) |
Noncurrent liabilities – other | (159) |  |  |  |  | — |  |  | (159) |
Total commodity risk | $ | 246 |  |  | $ | — |  |  | $ | 74 |  |  | $ | 320 |
As of December 31, 2022, the Utility’s outstanding derivative balances were as follows:
| Commodity Risk
(in millions) | Gross Derivative Balance |  | Netting |  | Cash Collateral |  | Total Derivative Balance
Current assets – other | $ | 824 |  |  | $ | (170) |  |  | $ | 537 |  |  | $ | 1,191 |
Other noncurrent assets – other | 306 |  |  | — |  |  | — |  |  | 306 |
Current liabilities – other | (238) |  |  | 170 |  |  | 16 |  |  | (52) |
Noncurrent liabilities – other | (177) |  |  | — |  |  | — |  |  | (177) |
Total commodity risk | $ | 715 |  |  | $ | — |  |  | $ | 553 |  |  | $ | 1,268 |
Offsetting Assets | As of March 31, 2023, the Utility’s outstanding derivative balances were as follows:
| Commodity Risk
(in millions) | Gross Derivative Balance |  | Netting |  | Cash Collateral |  | Total Derivative Balance
Current assets – other | $ | 151 |  |  | $ | (7) |  |  | $ | 58 |  |  | $ | 202 |
Other noncurrent assets – other | 325 |  |  |  |  | — |  |  | 325 |
Current liabilities – other | (71) |  |  | 7 |  |  | 16 |  |  | (48) |
Noncurrent liabilities – other | (159) |  |  |  |  | — |  |  | (159) |
Total commodity risk | $ | 246 |  |  | $ | — |  |  | $ | 74 |  |  | $ | 320 |
As of December 31, 2022, the Utility’s outstanding derivative balances were as follows:
| Commodity Risk
(in millions) | Gross Derivative Balance |  | Netting |  | Cash Collateral |  | Total Derivative Balance
Current assets – other | $ | 824 |  |  | $ | (170) |  |  | $ | 537 |  |  | $ | 1,191 |
Other noncurrent assets – other | 306 |  |  | — |  |  | — |  |  | 306 |
Current liabilities – other | (238) |  |  | 170 |  |  | 16 |  |  | (52) |
Noncurrent liabilities – other | (177) |  |  | — |  |  | — |  |  | (177) |
Total commodity risk | $ | 715 |  |  | $ | — |  |  | $ | 553 |  |  | $ | 1,268 |

X
- Definition Volume of outstanding derivative contracts + References No definition available. + Details
Name: | pcg_VolumeOfOutstandingDerivativeContractsTableTextBlock
Namespace Prefix: | pcg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration