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WILDFIRE-RELATED CONTINGENCIES (Tables) | 3 Months Ended
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Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Summary of Wildfire-Related Claims | The following table presents the cumulative amounts PG&E Corporation and the Utility have paid through March 31, 2024.
Payments (in millions) |
2019 Kincade Fire | $ | 780 |
2020 Zogg Fire | 392 |
2021 Dixie Fire | 869 |
2022 Mosquito Fire | 15 |
Total at March 31, 2024 | $ | 2,056 |
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, 2023.
Loss Accrual (in millions) |
Balance at December 31, 2023 | $ | 458 |
Accrued Losses | — |
Payments | (113) |
Balance at March 31, 2024 | $ | 345 |
The following table presents changes in the best estimate 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, 2023.
Loss Accrual (in millions) |
Balance at December 31, 2023 | $ | 10 |
Accrued Losses | — |
Payments | (2) |
Balance at March 31, 2024 | $ | 8 |
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, 2023.
Loss Accrual (in millions) |
Balance at December 31, 2023 | $ | 870 |
Accrued Losses | — |
Payments | (138) |
Balance at March 31, 2024 | $ | 732 |
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 2022 Mosquito fire since December 31, 2023.
Loss Accrual (in millions) |
Balance at December 31, 2023 | $ | 85 |
Accrued Losses | — |
Payments | — |
Balance at March 31, 2024 | $ | 85 |
Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of March 31, 2024 are:
Potential Recovery Source (in millions) | 2021 Dixie fire |  | 2022 Mosquito fire
Insurance | $ | 526 |  |  | $ | 68 |
FERC TO rates | 92 |  |  | 8 |
WEMA | 484 |  |  | 52 |
Wildfire Fund | 600 |  |  | — |
Probable recoveries at March 31, 2024 (1) | $ | 1,702 |  |  | $ | 128 |
(1) Includes legal costs of $96 million and $28 million related to the 2021 Dixie fire and 2022 Mosquito fire, respectively, as of March 31, 2024. 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) | 2020 Zogg fire |  | 2021 Dixie fire |  | 2022 Mosquito fire |  | Total
Balance at December 31, 2023 | $ | 47 |  |  | $ | 326 |  |  | $ | 63 |  |  | $ | 436 |
Accrued insurance recoveries | — |  |  | — |  |  | 5 |  |  | 5 |
Reimbursements | (5) |  |  | (75) |  |  | — |  |  | (80) |
Balance at March 31, 2024 | $ | 42 |  |  | $ | 251 |  |  | $ | 68 |  |  | $ | 361 |

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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 -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-4 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-9 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-3 + Details
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