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CONDENSED CONSOLIDATED BALANCE SHEETS, UTILITY - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 805 $ 734
Restricted cash (includes $255 million and $201 million related to VIEs at respective dates) 257 213
Accounts receivable    
Customers (net of allowance for doubtful accounts of $342 million and $166 million at respective dates) (includes $1.71 billion and $2.47 billion related to VIEs, net of allowance for doubtful accounts of $342 million and $166 million at respective dates) 2,107 2,645
Accrued unbilled revenue (includes $698 million and $1.16 billion related to VIEs at respective dates) 810 1,304
Regulatory balancing accounts 5,383 3,264
Other 1,014 1,624
Regulatory assets 309 296
Inventories    
Gas stored underground and fuel oil 55 91
Materials and supplies 833 751
Wildfire Fund asset 460 460
Other 648 1,433
Total current assets 12,681 12,815
Property, Plant, and Equipment    
Electric 77,673 74,772
Gas 29,156 28,226
Construction work in progress 4,143 4,137
Financing lease 0 19
Total property, plant, and equipment 110,972 107,154
Accumulated depreciation (32,199) (30,946)
Net property, plant, and equipment 78,773 76,208
Other Noncurrent Assets    
Regulatory assets 15,963 16,443
Customer credit trust 476 745
Nuclear decommissioning trusts 3,524 3,297
Operating lease right of use asset 1,418 1,311
Wildfire Fund asset 4,617 4,847
Income taxes receivable 9 9
Other (includes noncurrent accounts receivable of $4 million and $17 million related to VIEs, net of noncurrent allowance for doubtful accounts of $1 million and $1 million at respective dates) 3,244 2,969
Total other noncurrent assets 29,251 29,621
TOTAL ASSETS 120,705 118,644
Current Liabilities    
Short-term borrowings 125 2,055
Long-term debt, classified as current (includes $175 million and $168 million related to VIEs at respective dates) 3,749 2,268
Accounts payable    
Trade creditors 2,366 2,888
Regulatory balancing accounts 1,317 1,658
Other 775 778
Operating lease liabilities 136 231
Interest payable (includes $73 million and $116 million related to VIEs at respective dates) 662 626
Wildfire-related claims 1,256 1,912
Other 2,816 3,372
Total current liabilities 13,202 15,788
Noncurrent Liabilities    
Long-term debt (includes $10.02 billion and $10.31 billion related to VIEs at respective dates) 50,230 47,742
Regulatory liabilities 18,518 17,630
Pension and other postretirement benefits 226 231
Asset retirement obligations 5,971 5,912
Deferred income taxes 2,422 2,732
Operating lease liabilities 1,473 1,243
Other 4,648 4,291
Total noncurrent liabilities 83,488 79,781
Shareholders’ Equity    
Common stock, $5 par value, authorized 800,000,000 shares; 264,374,809 shares outstanding at respective dates 31,628 32,887
Reinvested earnings (6,567) (7,542)
Accumulated other comprehensive loss 0 (5)
Total shareholders’ equity 23,763 22,823
TOTAL LIABILITIES AND EQUITY 120,705 118,644
Pacific Gas & Electric Co (Utility)    
Current Assets    
Cash and cash equivalents 545 609
Restricted cash (includes $255 million and $201 million related to VIEs at respective dates) 256 213
Accounts receivable    
Customers (net of allowance for doubtful accounts of $342 million and $166 million at respective dates) (includes $1.71 billion and $2.47 billion related to VIEs, net of allowance for doubtful accounts of $342 million and $166 million at respective dates) 2,107 2,645
Accrued unbilled revenue (includes $698 million and $1.16 billion related to VIEs at respective dates) 810 1,304
Regulatory balancing accounts 5,383 3,264
Other 1,017 1,633
Regulatory assets 309 296
Inventories    
Gas stored underground and fuel oil 55 91
Materials and supplies 833 751
Wildfire Fund asset 460 460
Other 647 1,421
Total current assets 12,422 12,687
Property, Plant, and Equipment    
Electric 77,673 74,772
Gas 29,156 28,226
Construction work in progress 4,143 4,137
Financing lease 0 18
Total property, plant, and equipment 110,972 107,153
Accumulated depreciation (32,199) (30,946)
Net property, plant, and equipment 78,773 76,207
Other Noncurrent Assets    
Regulatory assets 15,963 16,443
Customer credit trust 476 745
Nuclear decommissioning trusts 3,524 3,297
Operating lease right of use asset 1,418 1,311
Wildfire Fund asset 4,617 4,847
Income taxes receivable 7 7
Other (includes noncurrent accounts receivable of $4 million and $17 million related to VIEs, net of noncurrent allowance for doubtful accounts of $1 million and $1 million at respective dates) 3,104 2,834
Total other noncurrent assets 29,109 29,484
TOTAL ASSETS 120,304 118,378
Current Liabilities    
Short-term borrowings 125 2,055
Long-term debt, classified as current (includes $175 million and $168 million related to VIEs at respective dates) 3,722 2,241
Accounts payable    
Trade creditors 2,363 2,886
Regulatory balancing accounts 1,317 1,658
Other 710 747
Operating lease liabilities 136 231
Interest payable (includes $73 million and $116 million related to VIEs at respective dates) 610 573
Wildfire-related claims 1,256 1,912
Other 2,516 3,067
Total current liabilities 12,755 15,370
Noncurrent Liabilities    
Long-term debt (includes $10.02 billion and $10.31 billion related to VIEs at respective dates) 45,645 43,155
Regulatory liabilities 18,518 17,630
Pension and other postretirement benefits 156 160
Asset retirement obligations 5,971 5,912
Deferred income taxes 2,825 3,090
Operating lease liabilities 1,473 1,243
Other 4,687 4,334
Total noncurrent liabilities 79,275 75,524
Shareholders’ Equity    
Preferred stock 258 258
Common stock, $5 par value, authorized 800,000,000 shares; 264,374,809 shares outstanding at respective dates 1,322 1,322
Additional paid-in capital 29,840 29,280
Reinvested earnings (3,144) (3,368)
Accumulated other comprehensive loss (2) (8)
Total shareholders’ equity 28,274 27,484
TOTAL LIABILITIES AND EQUITY $ 120,304 $ 118,378