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WILDFIRE-RELATED CONTINGENCIES (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024.
Payments (in millions) |
2019 Kincade Fire | $ | 938 |
2021 Dixie Fire | 1,232 |
2022 Mosquito Fire | 15 |
Total at September 30, 2024 | $ | 2,185 |
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable losses, net of payments, for claims arising from the 2019 Kincade fire since December 31, 2023.
Loss Accrual (in millions) |
Balance at December 31, 2023 | $ | 458 |
Accrued Losses | 75 |
Payments | (271) |
Balance at September 30, 2024 | $ | 262 |
The following table presents changes in the lower end of the range of PG&E Corporation’s and the Utility’s reasonably estimable losses, net of payments, for claims arising from the 2021 Dixie fire since December 31, 2023.
Loss Accrual (in millions) |
Balance at December 31, 2023 | $ | 870 |
Accrued Losses | 275 |
Payments | (501) |
Balance at September 30, 2024 | $ | 644 |
Loss Accrual (in millions) |
Balance at December 31, 2023 | $ | 85 |
Accrued Losses | — |
Payments | — |
Balance at September 30, 2024 | $ | 85 |
Total probable recoveries for the 2021 Dixie fire and the 2022 Mosquito fire as of September 30, 2024 are:
Potential Recovery Source (in millions) | 2021 Dixie fire |  | 2022 Mosquito fire
Insurance | $ | 525 |  |  | $ | 86 |
FERC TO rates | 94 |  |  | 7 |
WEMA | 504 |  |  | 53 |
Wildfire Fund | 875 |  |  | — |
Probable recoveries at September 30, 2024 (1) | $ | 1,998 |  |  | $ | 146 |
(1) Includes legal costs of $115 million and $46 million related to the 2021 Dixie fire and 2022 Mosquito fire, respectively, as of September 30, 2024. The following table presents changes in accrued insurance recoveries, net of reimbursements received, for the 2021 Dixie fire and 2022 Mosquito fire since December 31, 2023:
Insurance Receivable (in millions) |  |  | 2021 Dixie fire |  | 2022 Mosquito fire |  | Total
Balance at December 31, 2023 |  |  | $ | 326 |  |  | $ | 63 |  |  | $ | 389 |
Accrued insurance recoveries |  |  | (1) |  |  | 23 |  |  | 22 |
Reimbursements |  |  | (296) |  |  | — |  |  | (296) |
Balance at September 30, 2024 |  |  | $ | 29 |  |  | $ | 86 |  |  | $ | 115 |
The following table presents changes in accrued Wildfire Fund recoveries, net of claims paid by the Wildfire Fund received, for the 2021 Dixie fire since December 31, 2023:
Wildfire Fund Receivable (in millions) | 2021 Dixie fire
Balance at December 31, 2023 | $ | 600 |
Accrued Wildfire Fund recoveries | 275
Claims paid by Wildfire Fund | (39) |
Balance at September 30, 2024 | $ | 836 |

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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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