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WILDFIRE-RELATED CONTINGENCIES (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2024.
Payments (in millions) |
2019 Kincade Fire | $ | 834 |
2021 Dixie Fire | 1,044 |
2022 Mosquito Fire | 15 |
Total at June 30, 2024 | $ | 1,893 |
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 | (167) |
Balance at June 30, 2024 | $ | 291 |
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 | (313) |
Balance at June 30, 2024 | $ | 557 |
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 June 30, 2024 | $ | 85 |
Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of June 30, 2024 are:
Potential Recovery Source (in millions) | 2021 Dixie fire |  | 2022 Mosquito fire
Insurance | $ | 525 |  |  | $ | 83 |
FERC TO rates | 93 |  |  | 7 |
WEMA | 494 |  |  | 53 |
Wildfire Fund | 600 |  |  | — |
Probable recoveries at June 30, 2024 (1) | $ | 1,712 |  |  | $ | 143 |
(1) Includes legal costs of $106 million and $43 million related to the 2021 Dixie fire and 2022 Mosquito fire, respectively, as of June 30, 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) |  |  | 2021 Dixie fire |  | 2022 Mosquito fire |  | Total
Balance at December 31, 2023 |  |  | $ | 326 |  |  | $ | 63 |  |  | $ | 389 |
Accrued insurance recoveries |  |  | (1) |  |  | 21 |  |  | 20 |
Reimbursements |  |  | (211) |  |  | — |  |  | (211) |
Balance at June 30, 2024 |  |  | $ | 114 |  |  | $ | 84 |  |  | $ | 198 |

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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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