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On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. | text | 4.838 | percentItemType | text: <entity> 4.838 </entity> <entity type> percentItemType </entity type> <context> On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. | text | 373 | monetaryItemType | text: <entity> 373 </entity> <entity type> monetaryItemType </entity type> <context> On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. | text | 5.231 | percentItemType | text: <entity> 5.231 </entity> <entity type> percentItemType </entity type> <context> On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. | text | 746 | monetaryItemType | text: <entity> 746 </entity> <entity type> monetaryItemType </entity type> <context> On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. | text | 5.529 | percentItemType | text: <entity> 5.529 </entity> <entity type> percentItemType </entity type> <context> On August 1, 2024, PG&E Recovery Funding LLC issued approximately $ 1.42 billion of senior secured recovery bonds. The senior secured recovery bonds were issued in three tranches: (1) approximately $ 300 million with an interest rate of 4.838 % due June 1, 2035, (2) approximately $ 373 million with an interest rate of 5.231 % due June 1, 2042, and (3) approximately $ 746 million with an interest rate of 5.529 % due June 1, 2051. The payment dates for the senior secured recovery bonds are June 1 and December 1 of each year, commencing on June 1, 2025 and continuing until the final repayment date. PG&E Recovery Funding LLC and the Utility entered into certain agreements in connection with the issuance of the senior secured recovery bonds, including (1) the Recovery Property Servicing Agreement (“the Servicing Agreement”), (2) the Recovery Property Purchase and Sale Agreement (the “Sale Agreement”), and (3) the Administration Agreement (the “Administration Agreement”), each dated as of August 1, 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On September 5, 2024, the Utility completed the sale of $ 1.0 billion aggregate principal amount of Floating Rate First Mortgage Bonds due 2025. The Utility used the net proceeds for the repayment of a portion of borrowings outstanding under its then-existing bridge term loan credit agreement. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On September 5, 2024, the Utility completed the sale of $ 1.0 billion aggregate principal amount of Floating Rate First Mortgage Bonds due 2025. The Utility used the net proceeds for the repayment of a portion of borrowings outstanding under its then-existing bridge term loan credit agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. | text | 850 | monetaryItemType | text: <entity> 850 </entity> <entity type> monetaryItemType </entity type> <context> On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. | text | 5.550 | percentItemType | text: <entity> 5.550 </entity> <entity type> percentItemType </entity type> <context> On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. | text | 5.800 | percentItemType | text: <entity> 5.800 </entity> <entity type> percentItemType </entity type> <context> On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. | text | 6.750 | percentItemType | text: <entity> 6.750 </entity> <entity type> percentItemType </entity type> <context> On February 28, 2024, the Utility completed the sale of (i) $ 850 million aggregate principal amount of 5.550 % First Mortgage Bonds due 2029, (ii) $ 1.1 billion aggregate principal amount of 5.800 % First Mortgage Bonds due 2034 and (iii) $ 300 million aggregate principal amount of 6.750 % First Mortgage Bonds due 2053. The Utility used the net proceeds for the repayment of borrowings outstanding under the Utility’s revolving credit facility pursuant to the Utility Revolving Credit Agreement. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On September 5, 2024, the Utility completed the sale of $ 750 million aggregate principal amount of 5.900 % First Mortgage Bonds due 2054. The Utility used the net proceeds for the repayment of a portion of borrowings outstanding under its then-existing bridge term loan credit agreement. | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> On September 5, 2024, the Utility completed the sale of $ 750 million aggregate principal amount of 5.900 % First Mortgage Bonds due 2054. The Utility used the net proceeds for the repayment of a portion of borrowings outstanding under its then-existing bridge term loan credit agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
On September 5, 2024, the Utility completed the sale of $ 750 million aggregate principal amount of 5.900 % First Mortgage Bonds due 2054. The Utility used the net proceeds for the repayment of a portion of borrowings outstanding under its then-existing bridge term loan credit agreement. | text | 5.900 | percentItemType | text: <entity> 5.900 </entity> <entity type> percentItemType </entity type> <context> On September 5, 2024, the Utility completed the sale of $ 750 million aggregate principal amount of 5.900 % First Mortgage Bonds due 2054. The Utility used the net proceeds for the repayment of a portion of borrowings outstanding under its then-existing bridge term loan credit agreement. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. | text | 7.375 | percentItemType | text: <entity> 7.375 </entity> <entity type> percentItemType </entity type> <context> On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. | text | 3.883 | percentItemType | text: <entity> 3.883 </entity> <entity type> percentItemType </entity type> <context> On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. | text | 7.375 | percentItemType | text: <entity> 7.375 </entity> <entity type> percentItemType </entity type> <context> On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. </context> | us-gaap:DebtInstrumentCarryingAmount |
On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> On September 11, 2024, PG&E Corporation completed the sale of $ 1.0 billion aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes, including to fully prepay all loans outstanding under its existing term loan agreement in an aggregate principal amount equal to $ 500 million. During the year ended December 31, 2024, PG&E Corporation recognized a $ 9 million loss within Interest expense on the Consolidated Statements of Income related to the early extinguishment and associated write-off of deferred debt issuance costs of the term loan agreement. </context> | us-gaap:WriteOffOfDeferredDebtIssuanceCost |
On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. </context> | us-gaap:DebtInstrumentFaceAmount |
On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. | text | 7.375 | percentItemType | text: <entity> 7.375 </entity> <entity type> percentItemType </entity type> <context> On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. | text | 3.883 | percentItemType | text: <entity> 3.883 </entity> <entity type> percentItemType </entity type> <context> On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. | text | 7.375 | percentItemType | text: <entity> 7.375 </entity> <entity type> percentItemType </entity type> <context> On November 15, 2024, PG&E Corporation completed the sale of an additional $ 500 million aggregate principal amount of 7.375 % Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. These notes initially bear interest at the rate of 7.375 % per annum, and beginning March 15, 2030 and every five year anniversary thereafter, the interest rate will be reset to an amount that is equal to the five-year U.S. Treasury rate plus 3.883 % (but not below 7.375 %). PG&E Corporation used the net proceeds for general corporate purposes. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. | text | 2.15 | monetaryItemType | text: <entity> 2.15 </entity> <entity type> monetaryItemType </entity type> <context> On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. | text | 4.25 | percentItemType | text: <entity> 4.25 </entity> <entity type> percentItemType </entity type> <context> On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. | text | 2.12 | monetaryItemType | text: <entity> 2.12 </entity> <entity type> monetaryItemType </entity type> <context> On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. </context> | us-gaap:LongTermDebt |
On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. | text | 2.15 | monetaryItemType | text: <entity> 2.15 </entity> <entity type> monetaryItemType </entity type> <context> On December 4, 2023, PG&E Corporation completed the sale of $ 2.15 billion aggregate principal amount of 4.25 % convertible senior secured notes due December 1, 2027 (the “Convertible Notes”). The Convertible Notes bear interest at an annual rate of 4.25 % with interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2024. The net proceeds from these offerings were approximately $ 2.12 billion, after deducting the initial purchasers’ discounts and commissions and PG&E Corporation’s offering expenses. PG&E Corporation used the net proceeds to prepay $ 2.15 billion outstanding under its term loan agreement. </context> | us-gaap:RepaymentsOfLongTermDebt |
during any calendar quarter commencing after the calendar quarter ending on March 31, 2024, if the last reported sale price of PG&E Corporation’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; | text | 20 | integerItemType | text: <entity> 20 </entity> <entity type> integerItemType </entity type> <context> during any calendar quarter commencing after the calendar quarter ending on March 31, 2024, if the last reported sale price of PG&E Corporation’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; </context> | us-gaap:DebtInstrumentConvertibleThresholdTradingDays |
during any calendar quarter commencing after the calendar quarter ending on March 31, 2024, if the last reported sale price of PG&E Corporation’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; | text | 30 | integerItemType | text: <entity> 30 </entity> <entity type> integerItemType </entity type> <context> during any calendar quarter commencing after the calendar quarter ending on March 31, 2024, if the last reported sale price of PG&E Corporation’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; </context> | us-gaap:DebtInstrumentConvertibleThresholdConsecutiveTradingDays1 |
during any calendar quarter commencing after the calendar quarter ending on March 31, 2024, if the last reported sale price of PG&E Corporation’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; | text | 130 | percentItemType | text: <entity> 130 </entity> <entity type> percentItemType </entity type> <context> during any calendar quarter commencing after the calendar quarter ending on March 31, 2024, if the last reported sale price of PG&E Corporation’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on, and including the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; </context> | us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger |
during the five consecutive business day period immediately after any 10 consecutive trading day period (“measurement period”) in which the trading price per $1,000 principal amount of Convertible Notes, as determined following a request by a holder of Convertible Notes in accordance with the procedures described in the Convertible Notes Indenture, for each trading day of the measurement period was less than 90 % of the product of the last reported sale price of PG&E Corporation’s common stock and the conversion rate on each such trading day; or | text | five | integerItemType | text: <entity> five </entity> <entity type> integerItemType </entity type> <context> during the five consecutive business day period immediately after any 10 consecutive trading day period (“measurement period”) in which the trading price per $1,000 principal amount of Convertible Notes, as determined following a request by a holder of Convertible Notes in accordance with the procedures described in the Convertible Notes Indenture, for each trading day of the measurement period was less than 90 % of the product of the last reported sale price of PG&E Corporation’s common stock and the conversion rate on each such trading day; or </context> | us-gaap:DebtInstrumentConvertibleThresholdTradingDays |
during the five consecutive business day period immediately after any 10 consecutive trading day period (“measurement period”) in which the trading price per $1,000 principal amount of Convertible Notes, as determined following a request by a holder of Convertible Notes in accordance with the procedures described in the Convertible Notes Indenture, for each trading day of the measurement period was less than 90 % of the product of the last reported sale price of PG&E Corporation’s common stock and the conversion rate on each such trading day; or | text | 10 | integerItemType | text: <entity> 10 </entity> <entity type> integerItemType </entity type> <context> during the five consecutive business day period immediately after any 10 consecutive trading day period (“measurement period”) in which the trading price per $1,000 principal amount of Convertible Notes, as determined following a request by a holder of Convertible Notes in accordance with the procedures described in the Convertible Notes Indenture, for each trading day of the measurement period was less than 90 % of the product of the last reported sale price of PG&E Corporation’s common stock and the conversion rate on each such trading day; or </context> | us-gaap:DebtInstrumentConvertibleThresholdConsecutiveTradingDays1 |
during the five consecutive business day period immediately after any 10 consecutive trading day period (“measurement period”) in which the trading price per $1,000 principal amount of Convertible Notes, as determined following a request by a holder of Convertible Notes in accordance with the procedures described in the Convertible Notes Indenture, for each trading day of the measurement period was less than 90 % of the product of the last reported sale price of PG&E Corporation’s common stock and the conversion rate on each such trading day; or | text | 90 | percentItemType | text: <entity> 90 </entity> <entity type> percentItemType </entity type> <context> during the five consecutive business day period immediately after any 10 consecutive trading day period (“measurement period”) in which the trading price per $1,000 principal amount of Convertible Notes, as determined following a request by a holder of Convertible Notes in accordance with the procedures described in the Convertible Notes Indenture, for each trading day of the measurement period was less than 90 % of the product of the last reported sale price of PG&E Corporation’s common stock and the conversion rate on each such trading day; or </context> | us-gaap:DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger |
The conversion rate for the Convertible Notes is initially 43.146 shares of common stock per $1,000 principal amount of the Convertible Notes (equivalent to an initial conversion price of approximately $ 23.18 per share of PG&E Corporation common stock). The conversion rate and the corresponding conversion price are subject to adjustment in connection with some events but will not be adjusted for any accrued and unpaid interest. PG&E Corporation may not redeem the Convertible Notes prior to the maturity date. | text | 23.18 | perShareItemType | text: <entity> 23.18 </entity> <entity type> perShareItemType </entity type> <context> The conversion rate for the Convertible Notes is initially 43.146 shares of common stock per $1,000 principal amount of the Convertible Notes (equivalent to an initial conversion price of approximately $ 23.18 per share of PG&E Corporation common stock). The conversion rate and the corresponding conversion price are subject to adjustment in connection with some events but will not be adjusted for any accrued and unpaid interest. PG&E Corporation may not redeem the Convertible Notes prior to the maturity date. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
If PG&E Corporation undergoes a Fundamental Change (other than an Exempted Fundamental Change, each as defined in the Convertible Notes Indenture), subject to certain conditions, holders may require PG&E Corporation to repurchase for cash all or any portion of their Convertible Notes at a repurchase price equal to 100 % of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the Fundamental Change Repurchase Date (as defined in the Convertible Notes Indenture). As of December 31, 2024, none of the conditions allowing holders of the Convertible Notes to convert had been met. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> If PG&E Corporation undergoes a Fundamental Change (other than an Exempted Fundamental Change, each as defined in the Convertible Notes Indenture), subject to certain conditions, holders may require PG&E Corporation to repurchase for cash all or any portion of their Convertible Notes at a repurchase price equal to 100 % of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the Fundamental Change Repurchase Date (as defined in the Convertible Notes Indenture). As of December 31, 2024, none of the conditions allowing holders of the Convertible Notes to convert had been met. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. | text | 2.13 | monetaryItemType | text: <entity> 2.13 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. </context> | us-gaap:LongTermDebt |
As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. | text | 2.12 | monetaryItemType | text: <entity> 2.12 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. </context> | us-gaap:LongTermDebt |
As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. </context> | us-gaap:DeferredFinanceCostsNet |
As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. </context> | us-gaap:DeferredFinanceCostsNet |
As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. | text | 98 | monetaryItemType | text: <entity> 98 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. </context> | us-gaap:InterestExpenseDebt |
As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Consolidated Financial Statements reflected the net carrying amount of the Convertible Notes of $ 2.13 billion and $ 2.12 billion, with unamortized debt issuance costs of $ 20 million and $ 27 million, respectively, in Long-term debt. For the year ended December 31, 2024 and 2023, the Consolidated Statements of Income reflected the total interest expense of approximately $ 98 million and $ 7 million, respectively. </context> | us-gaap:InterestExpenseDebt |
Upon issuance of senior secured recovery bonds in May 2022 (“inception”), the Utility recorded a $ 5.5 billion SB 901 securitization regulatory asset reflecting PG&E Wildfire Recovery Funding LLC’s right to recover $ 7.5 billion in wildfire claims costs associated with the 2017 Northern California wildfires, partially offset by the $ 2.0 billion in required upfront shareholder contributions to the customer credit trust. Of the $ 2.0 billion in required upfront shareholder contributions, $ 1.0 billion was contributed to the customer credit trust in 2022, $ 350 million was contributed on March 28, 2024, and $ 650 million is required to be contributed no later than March 31, 2025 unless certain conditions are met requiring an earlier contribution or unless otherwise ordered by the CPUC. The Utility also recorded a $ 5.54 billion SB 901 securitization regulatory liability at inception, which represents certain shareholder tax benefits the Utility had previously recognized that will be returned to customers. As the Fire Victim Trust sold PG&E Corporation common stock shares it held, the SB 901 securitization regulatory liability increased accordingly. As tax benefits are monetized, contributions will be made to the customer credit trust, up to $ 7.59 billion. The Utility expects to amortize the SB 901 securitization regulatory asset and liability over the life of the recovery bonds, with such amortization reflected in Operating and maintenance expense in the Consolidated Statements of Income. During the year ended December 31, 2024, the Utility recorded $ 328 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. During the year ended December 31, 2023, the Utility recorded SB 901 securitization charges, net, of $ 1.3 billion for tax benefits realized within Income tax expense related to the Fire Victim Trust’s sale of PG&E Corporation common stock and $ 322 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. | text | 5.5 | monetaryItemType | text: <entity> 5.5 </entity> <entity type> monetaryItemType </entity type> <context> Upon issuance of senior secured recovery bonds in May 2022 (“inception”), the Utility recorded a $ 5.5 billion SB 901 securitization regulatory asset reflecting PG&E Wildfire Recovery Funding LLC’s right to recover $ 7.5 billion in wildfire claims costs associated with the 2017 Northern California wildfires, partially offset by the $ 2.0 billion in required upfront shareholder contributions to the customer credit trust. Of the $ 2.0 billion in required upfront shareholder contributions, $ 1.0 billion was contributed to the customer credit trust in 2022, $ 350 million was contributed on March 28, 2024, and $ 650 million is required to be contributed no later than March 31, 2025 unless certain conditions are met requiring an earlier contribution or unless otherwise ordered by the CPUC. The Utility also recorded a $ 5.54 billion SB 901 securitization regulatory liability at inception, which represents certain shareholder tax benefits the Utility had previously recognized that will be returned to customers. As the Fire Victim Trust sold PG&E Corporation common stock shares it held, the SB 901 securitization regulatory liability increased accordingly. As tax benefits are monetized, contributions will be made to the customer credit trust, up to $ 7.59 billion. The Utility expects to amortize the SB 901 securitization regulatory asset and liability over the life of the recovery bonds, with such amortization reflected in Operating and maintenance expense in the Consolidated Statements of Income. During the year ended December 31, 2024, the Utility recorded $ 328 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. During the year ended December 31, 2023, the Utility recorded SB 901 securitization charges, net, of $ 1.3 billion for tax benefits realized within Income tax expense related to the Fire Victim Trust’s sale of PG&E Corporation common stock and $ 322 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. </context> | us-gaap:RegulatoryAssetsNoncurrent |
Upon issuance of senior secured recovery bonds in May 2022 (“inception”), the Utility recorded a $ 5.5 billion SB 901 securitization regulatory asset reflecting PG&E Wildfire Recovery Funding LLC’s right to recover $ 7.5 billion in wildfire claims costs associated with the 2017 Northern California wildfires, partially offset by the $ 2.0 billion in required upfront shareholder contributions to the customer credit trust. Of the $ 2.0 billion in required upfront shareholder contributions, $ 1.0 billion was contributed to the customer credit trust in 2022, $ 350 million was contributed on March 28, 2024, and $ 650 million is required to be contributed no later than March 31, 2025 unless certain conditions are met requiring an earlier contribution or unless otherwise ordered by the CPUC. The Utility also recorded a $ 5.54 billion SB 901 securitization regulatory liability at inception, which represents certain shareholder tax benefits the Utility had previously recognized that will be returned to customers. As the Fire Victim Trust sold PG&E Corporation common stock shares it held, the SB 901 securitization regulatory liability increased accordingly. As tax benefits are monetized, contributions will be made to the customer credit trust, up to $ 7.59 billion. The Utility expects to amortize the SB 901 securitization regulatory asset and liability over the life of the recovery bonds, with such amortization reflected in Operating and maintenance expense in the Consolidated Statements of Income. During the year ended December 31, 2024, the Utility recorded $ 328 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. During the year ended December 31, 2023, the Utility recorded SB 901 securitization charges, net, of $ 1.3 billion for tax benefits realized within Income tax expense related to the Fire Victim Trust’s sale of PG&E Corporation common stock and $ 322 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. | text | 5.54 | monetaryItemType | text: <entity> 5.54 </entity> <entity type> monetaryItemType </entity type> <context> Upon issuance of senior secured recovery bonds in May 2022 (“inception”), the Utility recorded a $ 5.5 billion SB 901 securitization regulatory asset reflecting PG&E Wildfire Recovery Funding LLC’s right to recover $ 7.5 billion in wildfire claims costs associated with the 2017 Northern California wildfires, partially offset by the $ 2.0 billion in required upfront shareholder contributions to the customer credit trust. Of the $ 2.0 billion in required upfront shareholder contributions, $ 1.0 billion was contributed to the customer credit trust in 2022, $ 350 million was contributed on March 28, 2024, and $ 650 million is required to be contributed no later than March 31, 2025 unless certain conditions are met requiring an earlier contribution or unless otherwise ordered by the CPUC. The Utility also recorded a $ 5.54 billion SB 901 securitization regulatory liability at inception, which represents certain shareholder tax benefits the Utility had previously recognized that will be returned to customers. As the Fire Victim Trust sold PG&E Corporation common stock shares it held, the SB 901 securitization regulatory liability increased accordingly. As tax benefits are monetized, contributions will be made to the customer credit trust, up to $ 7.59 billion. The Utility expects to amortize the SB 901 securitization regulatory asset and liability over the life of the recovery bonds, with such amortization reflected in Operating and maintenance expense in the Consolidated Statements of Income. During the year ended December 31, 2024, the Utility recorded $ 328 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. During the year ended December 31, 2023, the Utility recorded SB 901 securitization charges, net, of $ 1.3 billion for tax benefits realized within Income tax expense related to the Fire Victim Trust’s sale of PG&E Corporation common stock and $ 322 million for amortization of the regulatory asset and liability in the Consolidated Statements of Income. </context> | us-gaap:RegulatoryLiabilityNoncurrent |
Includes $ 16 million and $ 12 million of returns on investments in the customer credit trust expected to be credited to customers for the years ended December 31, 2024 and 2023, respectively. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 16 million and $ 12 million of returns on investments in the customer credit trust expected to be credited to customers for the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:IncreaseDecreaseInRegulatoryLiabilities |
Includes $ 16 million and $ 12 million of returns on investments in the customer credit trust expected to be credited to customers for the years ended December 31, 2024 and 2023, respectively. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 16 million and $ 12 million of returns on investments in the customer credit trust expected to be credited to customers for the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:IncreaseDecreaseInRegulatoryLiabilities |
PG&E Corporation had 2,193,573,536 shares of common stock outstanding at December 31, 2024. PG&E Corporation held all of the Utility’s outstanding common stock at December 31, 2024. | text | 2193573536 | sharesItemType | text: <entity> 2193573536 </entity> <entity type> sharesItemType </entity type> <context> PG&E Corporation had 2,193,573,536 shares of common stock outstanding at December 31, 2024. PG&E Corporation held all of the Utility’s outstanding common stock at December 31, 2024. </context> | us-gaap:CommonStockSharesOutstanding |
On December 4, 2024, PG&E Corporation issued 55,961,070 shares of common stock, no par value, for cash proceeds of approximately $ 1.13 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. | text | 55961070 | sharesItemType | text: <entity> 55961070 </entity> <entity type> sharesItemType </entity type> <context> On December 4, 2024, PG&E Corporation issued 55,961,070 shares of common stock, no par value, for cash proceeds of approximately $ 1.13 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. </context> | us-gaap:StockIssuedDuringPeriodSharesNewIssues |
On December 4, 2024, PG&E Corporation issued 55,961,070 shares of common stock, no par value, for cash proceeds of approximately $ 1.13 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. | text | 1.13 | monetaryItemType | text: <entity> 1.13 </entity> <entity type> monetaryItemType </entity type> <context> On December 4, 2024, PG&E Corporation issued 55,961,070 shares of common stock, no par value, for cash proceeds of approximately $ 1.13 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. </context> | us-gaap:StockIssuedDuringPeriodValueNewIssues |
On each of February 13, May 16, and September 19, and November 29, 2024, the Board of Directors of the Utility declared common stock dividends of $ 450 million, $ 500 million, $ 500 million, and $ 575 million, which were paid to PG&E Corporation on March 25, June 3, September 20, and December 24, 2024, respectively. | text | 450 | monetaryItemType | text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> On each of February 13, May 16, and September 19, and November 29, 2024, the Board of Directors of the Utility declared common stock dividends of $ 450 million, $ 500 million, $ 500 million, and $ 575 million, which were paid to PG&E Corporation on March 25, June 3, September 20, and December 24, 2024, respectively. </context> | us-gaap:DividendsCommonStock |
On each of February 13, May 16, and September 19, and November 29, 2024, the Board of Directors of the Utility declared common stock dividends of $ 450 million, $ 500 million, $ 500 million, and $ 575 million, which were paid to PG&E Corporation on March 25, June 3, September 20, and December 24, 2024, respectively. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On each of February 13, May 16, and September 19, and November 29, 2024, the Board of Directors of the Utility declared common stock dividends of $ 450 million, $ 500 million, $ 500 million, and $ 575 million, which were paid to PG&E Corporation on March 25, June 3, September 20, and December 24, 2024, respectively. </context> | us-gaap:DividendsCommonStock |
On each of February 13, May 16, and September 19, and November 29, 2024, the Board of Directors of the Utility declared common stock dividends of $ 450 million, $ 500 million, $ 500 million, and $ 575 million, which were paid to PG&E Corporation on March 25, June 3, September 20, and December 24, 2024, respectively. | text | 575 | monetaryItemType | text: <entity> 575 </entity> <entity type> monetaryItemType </entity type> <context> On each of February 13, May 16, and September 19, and November 29, 2024, the Board of Directors of the Utility declared common stock dividends of $ 450 million, $ 500 million, $ 500 million, and $ 575 million, which were paid to PG&E Corporation on March 25, June 3, September 20, and December 24, 2024, respectively. </context> | us-gaap:DividendsCommonStock |
On each of February 13, May 16, and September 19, 2024, the Board of Directors of PG&E Corporation declared a quarterly common stock dividend of $ 0.01 per share, each declaration totaling $ 21 million, which were paid on April 15, July 15, and October 15, 2024, to holders of record as of March 28, June 28 and September 30, 2024, respectively. On November 29, 2024, the Board of Directors of PG&E Corporation declared a new quarterly common stock dividend of $ 0.025 per share, totaling $ 55 million, which was paid on January 15, 2025, to holders of record as of December 31, 2024. | text | 0.025 | perShareItemType | text: <entity> 0.025 </entity> <entity type> perShareItemType </entity type> <context> On each of February 13, May 16, and September 19, 2024, the Board of Directors of PG&E Corporation declared a quarterly common stock dividend of $ 0.01 per share, each declaration totaling $ 21 million, which were paid on April 15, July 15, and October 15, 2024, to holders of record as of March 28, June 28 and September 30, 2024, respectively. On November 29, 2024, the Board of Directors of PG&E Corporation declared a new quarterly common stock dividend of $ 0.025 per share, totaling $ 55 million, which was paid on January 15, 2025, to holders of record as of December 31, 2024. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
On each of February 13, May 16, and September 19, 2024, the Board of Directors of PG&E Corporation declared a quarterly common stock dividend of $ 0.01 per share, each declaration totaling $ 21 million, which were paid on April 15, July 15, and October 15, 2024, to holders of record as of March 28, June 28 and September 30, 2024, respectively. On November 29, 2024, the Board of Directors of PG&E Corporation declared a new quarterly common stock dividend of $ 0.025 per share, totaling $ 55 million, which was paid on January 15, 2025, to holders of record as of December 31, 2024. | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> On each of February 13, May 16, and September 19, 2024, the Board of Directors of PG&E Corporation declared a quarterly common stock dividend of $ 0.01 per share, each declaration totaling $ 21 million, which were paid on April 15, July 15, and October 15, 2024, to holders of record as of March 28, June 28 and September 30, 2024, respectively. On November 29, 2024, the Board of Directors of PG&E Corporation declared a new quarterly common stock dividend of $ 0.025 per share, totaling $ 55 million, which was paid on January 15, 2025, to holders of record as of December 31, 2024. </context> | us-gaap:DividendsPreferredStock |
The LTIP (i.e., the PG&E Corporation 2014 LTIP or the PG&E Corporation 2021 LTIP, as applicable) permits various forms of share-based incentive awards, including stock options, restricted stock units, performance shares, and other share-based awards, to eligible employees of PG&E Corporation and its subsidiaries. Non-employee directors of PG&E Corporation are also eligible to receive certain share-based awards. A maximum of 91 million shares of PG&E Corporation common stock (subject to certain adjustments) has been reserved for issuance under the LTIP, of which 55,900,800 shares were available for future awards at December 31, 2024. | text | 91 | sharesItemType | text: <entity> 91 </entity> <entity type> sharesItemType </entity type> <context> The LTIP (i.e., the PG&E Corporation 2014 LTIP or the PG&E Corporation 2021 LTIP, as applicable) permits various forms of share-based incentive awards, including stock options, restricted stock units, performance shares, and other share-based awards, to eligible employees of PG&E Corporation and its subsidiaries. Non-employee directors of PG&E Corporation are also eligible to receive certain share-based awards. A maximum of 91 million shares of PG&E Corporation common stock (subject to certain adjustments) has been reserved for issuance under the LTIP, of which 55,900,800 shares were available for future awards at December 31, 2024. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
The LTIP (i.e., the PG&E Corporation 2014 LTIP or the PG&E Corporation 2021 LTIP, as applicable) permits various forms of share-based incentive awards, including stock options, restricted stock units, performance shares, and other share-based awards, to eligible employees of PG&E Corporation and its subsidiaries. Non-employee directors of PG&E Corporation are also eligible to receive certain share-based awards. A maximum of 91 million shares of PG&E Corporation common stock (subject to certain adjustments) has been reserved for issuance under the LTIP, of which 55,900,800 shares were available for future awards at December 31, 2024. | text | 55900800 | sharesItemType | text: <entity> 55900800 </entity> <entity type> sharesItemType </entity type> <context> The LTIP (i.e., the PG&E Corporation 2014 LTIP or the PG&E Corporation 2021 LTIP, as applicable) permits various forms of share-based incentive awards, including stock options, restricted stock units, performance shares, and other share-based awards, to eligible employees of PG&E Corporation and its subsidiaries. Non-employee directors of PG&E Corporation are also eligible to receive certain share-based awards. A maximum of 91 million shares of PG&E Corporation common stock (subject to certain adjustments) has been reserved for issuance under the LTIP, of which 55,900,800 shares were available for future awards at December 31, 2024. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
The exercise price of stock options granted under the LTIP and all other outstanding stock options is equal to the market price of PG&E Corporation’s common stock on the date of grant. Stock options generally have a 10 -year term and vest over three years of continuous service, subject to accelerated vesting in certain circumstances. As of December 31, 2024, there were no unrecognized compensation costs related to nonvested stock options for PG&E Corporation. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> The exercise price of stock options granted under the LTIP and all other outstanding stock options is equal to the market price of PG&E Corporation’s common stock on the date of grant. Stock options generally have a 10 -year term and vest over three years of continuous service, subject to accelerated vesting in certain circumstances. As of December 31, 2024, there were no unrecognized compensation costs related to nonvested stock options for PG&E Corporation. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions |
PG&E Corporation has authorized 400 million shares of preferred stock. | text | 400 | sharesItemType | text: <entity> 400 </entity> <entity type> sharesItemType </entity type> <context> PG&E Corporation has authorized 400 million shares of preferred stock. </context> | us-gaap:PreferredStockSharesAuthorized |
On December 5, 2024, PG&E Corporation issued 32,200,000 shares of 6.000 % Series A Mandatory Convertible Preferred Stock, at $ 50.00 per share, for cash proceeds of approximately $ 1.6 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. | text | 6.000 | percentItemType | text: <entity> 6.000 </entity> <entity type> percentItemType </entity type> <context> On December 5, 2024, PG&E Corporation issued 32,200,000 shares of 6.000 % Series A Mandatory Convertible Preferred Stock, at $ 50.00 per share, for cash proceeds of approximately $ 1.6 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. </context> | us-gaap:PreferredStockDividendRatePercentage |
On December 5, 2024, PG&E Corporation issued 32,200,000 shares of 6.000 % Series A Mandatory Convertible Preferred Stock, at $ 50.00 per share, for cash proceeds of approximately $ 1.6 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. | text | 50.00 | perShareItemType | text: <entity> 50.00 </entity> <entity type> perShareItemType </entity type> <context> On December 5, 2024, PG&E Corporation issued 32,200,000 shares of 6.000 % Series A Mandatory Convertible Preferred Stock, at $ 50.00 per share, for cash proceeds of approximately $ 1.6 billion. The proceeds from this issuance are intended to be used for general corporate purposes, which may include, among other things, to fund its five-year capital investment plan. </context> | us-gaap:PreferredStockParOrStatedValuePerShare |
Dividends on the Mandatory Convertible Preferred Stock are cumulative. All shares of the Mandatory Convertible Preferred Stock have voting rights and an equal preference in dividend and liquidation rights. Upon liquidation or dissolution of the Utility, holders of the Mandatory Convertible Preferred Stock would be entitled to the par value of such shares plus all accumulated and unpaid dividends, as specified for the class and series. The expected dividend payable on the first dividend payment date is approximately $ 0.7167 per share of the Mandatory Convertible Preferred Stock. Each subsequent dividend is expected to be $ 0.75 per share of the Mandatory Convertible Preferred Stock. The dividends will be declared on the February 15, May 15, August 15 and November 15 immediately preceding the relevant dividend payment date. | text | 0.7167 | monetaryItemType | text: <entity> 0.7167 </entity> <entity type> monetaryItemType </entity type> <context> Dividends on the Mandatory Convertible Preferred Stock are cumulative. All shares of the Mandatory Convertible Preferred Stock have voting rights and an equal preference in dividend and liquidation rights. Upon liquidation or dissolution of the Utility, holders of the Mandatory Convertible Preferred Stock would be entitled to the par value of such shares plus all accumulated and unpaid dividends, as specified for the class and series. The expected dividend payable on the first dividend payment date is approximately $ 0.7167 per share of the Mandatory Convertible Preferred Stock. Each subsequent dividend is expected to be $ 0.75 per share of the Mandatory Convertible Preferred Stock. The dividends will be declared on the February 15, May 15, August 15 and November 15 immediately preceding the relevant dividend payment date. </context> | us-gaap:DividendsPreferredStockStock |
Dividends on the Mandatory Convertible Preferred Stock are cumulative. All shares of the Mandatory Convertible Preferred Stock have voting rights and an equal preference in dividend and liquidation rights. Upon liquidation or dissolution of the Utility, holders of the Mandatory Convertible Preferred Stock would be entitled to the par value of such shares plus all accumulated and unpaid dividends, as specified for the class and series. The expected dividend payable on the first dividend payment date is approximately $ 0.7167 per share of the Mandatory Convertible Preferred Stock. Each subsequent dividend is expected to be $ 0.75 per share of the Mandatory Convertible Preferred Stock. The dividends will be declared on the February 15, May 15, August 15 and November 15 immediately preceding the relevant dividend payment date. | text | 0.75 | monetaryItemType | text: <entity> 0.75 </entity> <entity type> monetaryItemType </entity type> <context> Dividends on the Mandatory Convertible Preferred Stock are cumulative. All shares of the Mandatory Convertible Preferred Stock have voting rights and an equal preference in dividend and liquidation rights. Upon liquidation or dissolution of the Utility, holders of the Mandatory Convertible Preferred Stock would be entitled to the par value of such shares plus all accumulated and unpaid dividends, as specified for the class and series. The expected dividend payable on the first dividend payment date is approximately $ 0.7167 per share of the Mandatory Convertible Preferred Stock. Each subsequent dividend is expected to be $ 0.75 per share of the Mandatory Convertible Preferred Stock. The dividends will be declared on the February 15, May 15, August 15 and November 15 immediately preceding the relevant dividend payment date. </context> | us-gaap:DividendsPreferredStockStock |
On December 12, 2024, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $ 0.7167 per mandatory convertible preferred share for the period from and including December 5, 2024 to and excluding March 1, 2025, to be payable on March 1, 2025, to holders of record as of February 14, 2025. | text | 0.7167 | perShareItemType | text: <entity> 0.7167 </entity> <entity type> perShareItemType </entity type> <context> On December 12, 2024, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $ 0.7167 per mandatory convertible preferred share for the period from and including December 5, 2024 to and excluding March 1, 2025, to be payable on March 1, 2025, to holders of record as of February 14, 2025. </context> | us-gaap:PreferredStockDividendsPerShareDeclared |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | 75 | sharesItemType | text: <entity> 75 </entity> <entity type> sharesItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockSharesAuthorized |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | 25 | perShareItemType | text: <entity> 25 </entity> <entity type> perShareItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockParOrStatedValuePerShare |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | 10 | sharesItemType | text: <entity> 10 </entity> <entity type> sharesItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockSharesAuthorized |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | 100 | perShareItemType | text: <entity> 100 </entity> <entity type> perShareItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockParOrStatedValuePerShare |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockDividendRatePercentage |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | 6 | percentItemType | text: <entity> 6 </entity> <entity type> percentItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockDividendRatePercentage |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | 4.36 | percentItemType | text: <entity> 4.36 </entity> <entity type> percentItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockDividendRatePercentage |
The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. | text | No | sharesItemType | text: <entity> No </entity> <entity type> sharesItemType </entity type> <context> The Utility has authorized 75 million shares of first preferred stock, with a par value of $ 25 per share, and 10 million shares of $ 100 first preferred stock, with a par value of $ 100 per share. At December 31, 2024 and 2023, the Utility’s preferred stock outstanding included $ 145 million of shares with interest rates between 5 % and 6 % designated as nonredeemable preferred stock and $ 113 million of shares with interest rates between 4.36 % and 5 % that are redeemable between $ 25.75 and $ 27.25 per share, respectively. The Utility’s preferred stock outstanding are not subject to mandatory redemption. No shares of $ 100 first preferred stock are outstanding. </context> | us-gaap:PreferredStockSharesOutstanding |
The component of unrecognized tax benefits that, if recognized, would affect the effective tax rate at December 31, 2024 for PG&E Corporation and the Utility was $ 106 million. | text | 106 | monetaryItemType | text: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> The component of unrecognized tax benefits that, if recognized, would affect the effective tax rate at December 31, 2024 for PG&E Corporation and the Utility was $ 106 million. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
As of December 31, 2024, the net carrying amount and the estimated fair value (Level 2) of the Convertible Notes were $ 2.1 billion and $ 2.2 billion, respectively. | text | 2.1 | monetaryItemType | text: <entity> 2.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the net carrying amount and the estimated fair value (Level 2) of the Convertible Notes were $ 2.1 billion and $ 2.2 billion, respectively. </context> | us-gaap:LongTermDebtFairValue |
As of December 31, 2024, the net carrying amount and the estimated fair value (Level 2) of the Convertible Notes were $ 2.1 billion and $ 2.2 billion, respectively. | text | 2.2 | monetaryItemType | text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the net carrying amount and the estimated fair value (Level 2) of the Convertible Notes were $ 2.1 billion and $ 2.2 billion, respectively. </context> | us-gaap:LongTermDebtFairValue |
PG&E Corporation’s accumulated benefit obligation was $ 15.8 billion and $ 16.3 billion at December 31, 2024 and 2023, respectively. | text | 15.8 | monetaryItemType | text: <entity> 15.8 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation’s accumulated benefit obligation was $ 15.8 billion and $ 16.3 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
PG&E Corporation’s accumulated benefit obligation was $ 15.8 billion and $ 16.3 billion at December 31, 2024 and 2023, respectively. | text | 16.3 | monetaryItemType | text: <entity> 16.3 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation’s accumulated benefit obligation was $ 15.8 billion and $ 16.3 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. | text | 261 | monetaryItemType | text: <entity> 261 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. | text | 296 | monetaryItemType | text: <entity> 296 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. | text | 275 | monetaryItemType | text: <entity> 275 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. | text | 292 | monetaryItemType | text: <entity> 292 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the postretirement medical plan and the postretirement life insurance plan were in overfunded positions. The projected benefit obligation and the fair value of plan assets for the postretirement life insurance plan were $ 261 million and $ 296 million as of December 31, 2024, and $ 275 million and $ 292 million as of December 31, 2023, respectively. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
The assumed health care cost trend rate as of December 31, 2024 was 7.50 %, gradually decreasing to the ultimate trend rate of approximately 4.5 % in 2033 and beyond. | text | 4.5 | percentItemType | text: <entity> 4.5 </entity> <entity type> percentItemType </entity type> <context> The assumed health care cost trend rate as of December 31, 2024 was 7.50 %, gradually decreasing to the ultimate trend rate of approximately 4.5 % in 2033 and beyond. </context> | us-gaap:DefinedBenefitPlanUltimateHealthCareCostTrendRate1 |
Expected rates of return on plan assets were developed by estimating future asset class returns and then applying these returns to the target asset allocations of the employee benefit plan trusts, resulting in a weighted average rate of return on plan assets. Returns on fixed-income debt investments were projected based on maturity and credit spreads added to a long-term inflation rate. Returns on equity investments were projected based on estimates of dividend yield and real earnings growth added to a long-term inflation rate. For the pension plan, the assumed return of 6.4 % compares to a ten-year actual return of 5.1 %. The rate used to discount pension benefits and other benefits was based on a yield curve developed from market data of over approximately 858 Aa-grade non-callable bonds at December 31, 2024. This yield curve has discount rates that vary based on the duration of the obligations. The estimated future cash flows for the pension benefits and other benefit obligations were matched to the corresponding rates on the yield curve to derive a weighted average discount rate. | text | 5.1 | percentItemType | text: <entity> 5.1 </entity> <entity type> percentItemType </entity type> <context> Expected rates of return on plan assets were developed by estimating future asset class returns and then applying these returns to the target asset allocations of the employee benefit plan trusts, resulting in a weighted average rate of return on plan assets. Returns on fixed-income debt investments were projected based on maturity and credit spreads added to a long-term inflation rate. Returns on equity investments were projected based on estimates of dividend yield and real earnings growth added to a long-term inflation rate. For the pension plan, the assumed return of 6.4 % compares to a ten-year actual return of 5.1 %. The rate used to discount pension benefits and other benefits was based on a yield curve developed from market data of over approximately 858 Aa-grade non-callable bonds at December 31, 2024. This yield curve has discount rates that vary based on the duration of the obligations. The estimated future cash flows for the pension benefits and other benefit obligations were matched to the corresponding rates on the yield curve to derive a weighted average discount rate. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. | text | 337 | monetaryItemType | text: <entity> 337 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. | text | 327 | monetaryItemType | text: <entity> 327 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation and the Utility contributed $ 337 million to the pension benefit plans, $ 31 million to the long-term disability trusts, and $ 5 million to the other postretirement benefit plans in 2024. These contributions are consistent with PG&E Corporation’s and the Utility’s funding policy, which is to contribute amounts that are tax-deductible and consistent with applicable regulatory decisions and federal minimum funding requirements. The Utility’s pension benefits met all funding requirements under the Employee Retirement Income Security Act of 1974, as amended. PG&E Corporation and the Utility expect to make total contributions of approximately $ 327 million to the pension plan in 2025. PG&E Corporation and the Utility plan to contribute $ 31 million to the long-term disability trusts in 2025, as authorized in the 2023 GRC. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
PG&E Corporation sponsors a retirement savings plan, which qualifies as a 401(k) defined contribution benefit plan under the IRC. This plan permits eligible employees to make pre-tax and after-tax contributions into the plan and provides for employer contributions to be made to eligible participants. Total expenses recognized for defined contribution benefit plans reflected in PG&E Corporation’s Consolidated Statements of Income were $ 175 million, $ 158 million, and $ 144 million in 2024, 2023, and 2022, respectively. PG&E Corporation’s default matching contributions under its 401(k) plan are in cash. | text | 175 | monetaryItemType | text: <entity> 175 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation sponsors a retirement savings plan, which qualifies as a 401(k) defined contribution benefit plan under the IRC. This plan permits eligible employees to make pre-tax and after-tax contributions into the plan and provides for employer contributions to be made to eligible participants. Total expenses recognized for defined contribution benefit plans reflected in PG&E Corporation’s Consolidated Statements of Income were $ 175 million, $ 158 million, and $ 144 million in 2024, 2023, and 2022, respectively. PG&E Corporation’s default matching contributions under its 401(k) plan are in cash. </context> | us-gaap:PensionExpense |
PG&E Corporation sponsors a retirement savings plan, which qualifies as a 401(k) defined contribution benefit plan under the IRC. This plan permits eligible employees to make pre-tax and after-tax contributions into the plan and provides for employer contributions to be made to eligible participants. Total expenses recognized for defined contribution benefit plans reflected in PG&E Corporation’s Consolidated Statements of Income were $ 175 million, $ 158 million, and $ 144 million in 2024, 2023, and 2022, respectively. PG&E Corporation’s default matching contributions under its 401(k) plan are in cash. | text | 158 | monetaryItemType | text: <entity> 158 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation sponsors a retirement savings plan, which qualifies as a 401(k) defined contribution benefit plan under the IRC. This plan permits eligible employees to make pre-tax and after-tax contributions into the plan and provides for employer contributions to be made to eligible participants. Total expenses recognized for defined contribution benefit plans reflected in PG&E Corporation’s Consolidated Statements of Income were $ 175 million, $ 158 million, and $ 144 million in 2024, 2023, and 2022, respectively. PG&E Corporation’s default matching contributions under its 401(k) plan are in cash. </context> | us-gaap:PensionExpense |
PG&E Corporation sponsors a retirement savings plan, which qualifies as a 401(k) defined contribution benefit plan under the IRC. This plan permits eligible employees to make pre-tax and after-tax contributions into the plan and provides for employer contributions to be made to eligible participants. Total expenses recognized for defined contribution benefit plans reflected in PG&E Corporation’s Consolidated Statements of Income were $ 175 million, $ 158 million, and $ 144 million in 2024, 2023, and 2022, respectively. PG&E Corporation’s default matching contributions under its 401(k) plan are in cash. | text | 144 | monetaryItemType | text: <entity> 144 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation sponsors a retirement savings plan, which qualifies as a 401(k) defined contribution benefit plan under the IRC. This plan permits eligible employees to make pre-tax and after-tax contributions into the plan and provides for employer contributions to be made to eligible participants. Total expenses recognized for defined contribution benefit plans reflected in PG&E Corporation’s Consolidated Statements of Income were $ 175 million, $ 158 million, and $ 144 million in 2024, 2023, and 2022, respectively. PG&E Corporation’s default matching contributions under its 401(k) plan are in cash. </context> | us-gaap:PensionExpense |
At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. </context> | us-gaap:OtherReceivables |
At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. </context> | us-gaap:OtherReceivables |
At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. </context> | us-gaap:AccountsPayableOtherCurrent |
At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, the Utility had receivables of $ 25 million and $ 26 million, respectively, from PG&E Corporation included in Accounts receivable – other and Noncurrent assets – other on the Utility’s Consolidated Balance Sheets, and payables of $ 11 million and $ 24 million, respectively, to PG&E Corporation included in Accounts payable – other on the Utility’s Consolidated Balance Sheets. </context> | us-gaap:AccountsPayableOtherCurrent |
Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2019 Kincade fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.125 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 100 million, of which $ 75 million was recorded in the third quarter and $ 25 million was recorded in the fourth quarter, for an aggregate liability of $ 1.225 billion (before available insurance). | text | 1.125 | monetaryItemType | text: <entity> 1.125 </entity> <entity type> monetaryItemType </entity type> <context> Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2019 Kincade fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.125 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 100 million, of which $ 75 million was recorded in the third quarter and $ 25 million was recorded in the fourth quarter, for an aggregate liability of $ 1.225 billion (before available insurance). </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2019 Kincade fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.125 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 100 million, of which $ 75 million was recorded in the third quarter and $ 25 million was recorded in the fourth quarter, for an aggregate liability of $ 1.225 billion (before available insurance). | text | 1.225 | monetaryItemType | text: <entity> 1.225 </entity> <entity type> monetaryItemType </entity type> <context> Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2019 Kincade fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.125 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 100 million, of which $ 75 million was recorded in the third quarter and $ 25 million was recorded in the fourth quarter, for an aggregate liability of $ 1.225 billion (before available insurance). </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
PG&E Corporation’s and the Utility’s accrued estimated losses of $ 1.225 billion do not include, among other things: (i) any punitive damages, (ii) any amounts in respect of compensation claims by federal or state agencies other than state fire suppression costs, or (iii) any other amounts that are not reasonably estimable. | text | 1.225 | monetaryItemType | text: <entity> 1.225 </entity> <entity type> monetaryItemType </entity type> <context> PG&E Corporation’s and the Utility’s accrued estimated losses of $ 1.225 billion do not include, among other things: (i) any punitive damages, (ii) any amounts in respect of compensation claims by federal or state agencies other than state fire suppression costs, or (iii) any other amounts that are not reasonably estimable. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2021 Dixie fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.6 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 325 million, of which $ 275 million was recorded in the third quarter and $ 50 million was recorded in the fourth quarter, for an aggregate liability of $ 1.925 billion (before available insurance). | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2021 Dixie fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.6 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 325 million, of which $ 275 million was recorded in the third quarter and $ 50 million was recorded in the fourth quarter, for an aggregate liability of $ 1.925 billion (before available insurance). </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2021 Dixie fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.6 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 325 million, of which $ 275 million was recorded in the third quarter and $ 50 million was recorded in the fourth quarter, for an aggregate liability of $ 1.925 billion (before available insurance). | text | 1.925 | monetaryItemType | text: <entity> 1.925 </entity> <entity type> monetaryItemType </entity type> <context> Based on the current state of the law concerning inverse condemnation in California and the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including Cal Fire’s determination of the cause and the information gathered as part of PG&E Corporation’s and the Utility’s investigation, PG&E Corporation and the Utility believe it is probable that they will incur a loss in connection with the 2021 Dixie fire. PG&E Corporation and the Utility recorded a liability in the aggregate amount of $ 1.6 billion as of December 31, 2023 (before available insurance). Based on the facts and circumstances available to PG&E Corporation and the Utility as of the date of this filing, including their experience with settlements, PG&E Corporation and the Utility recorded additional charges during 2024 of $ 325 million, of which $ 275 million was recorded in the third quarter and $ 50 million was recorded in the fourth quarter, for an aggregate liability of $ 1.925 billion (before available insurance). </context> | us-gaap:LossContingencyEstimateOfPossibleLoss |
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