Includes interdepartmental operating revenues in Line 2 and operations expenses in Line 4 for the six months ended June 30:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
2022
|
|
Revenues
|
Expenses
|
Revenues
|
Expenses
|
|
Electric
|
27,248,062
|
|
44,785,969
|
|
23,840,407
|
|
42,082,504
|
|
|
Gas
|
131,489,506
|
|
113,951,599
|
|
127,567,313
|
|
109,325,216
|
|
|
Total
|
158,737,568
|
|
158,737,568
|
|
151,407,720
|
|
151,407,720
|
|
Includes interdepartmental operating revenues in Line 2 and operations expenses in Line 4 for the three months ended June 30:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
2022
|
|
Revenues
|
Expenses
|
Revenues
|
Expenses
|
|
Electric
|
14,334,145
|
|
21,734,561
|
|
13,400,290
|
|
21,386,135
|
|
|
Gas
|
48,879,409
|
|
41,478,993
|
|
48,446,141
|
|
40,460,296
|
|
|
Total
|
63,213,554
|
|
63,213,554
|
|
61,846,431
|
|
61,846,431
|
|
See footnote in row 2, column c
See footnote in row 2, column e
The following is the detail of dividends declared on Preferred Stock for the six months ended June 30, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock |
|
Number of shares on which declared
|
Annual dividends per share
|
Total Declared
|
|
(a)
|
|
(b)
|
(c)
|
(d)
|
|
First Preferred:
|
|
|
|
|
|
|
6.00%
|
Cumulative, Non-Redeemable
|
|
4,211,662
|
|
1.500
|
|
3,158,748
|
|
|
5.50%
|
Cumulative, Non-Redeemable
|
|
1,173,163
|
|
1.375
|
|
806,552
|
|
|
5.00%
|
Cumulative, Non-Redeemable
|
|
400,000
|
|
1.250
|
|
250,001
|
|
|
5.00%
|
Cumulative, Redeemable
|
|
1,778,172
|
|
1.250
|
|
1,111,359
|
|
|
5.00%
|
Cumulative, Redeemable
|
- Series A
|
934,322
|
|
1.250
|
|
583,953
|
|
|
4.80%
|
Cumulative, Redeemable
|
|
793,031
|
|
1.200
|
|
475,819
|
|
|
4.50%
|
Cumulative, Redeemable
|
|
611,142
|
|
1.125
|
|
343,768
|
|
|
4.36%
|
Cumulative, Redeemable
|
|
418,291
|
|
1.090
|
|
227,969
|
|
|
Total First Preferred
|
|
|
|
|
6,958,169
|
|
The following is the detail of dividends declared on Preferred Stock for six months ended June 30, 2022:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock
|
|
Number of shares on which declared
|
Annual dividends per share
|
Total Declared
|
|
(a)
|
|
(b)
|
(c)
|
(d)
|
|
First Preferred:
|
|
|
|
|
|
|
6.00%
|
Cumulative, Non-Redeemable
|
|
4,211,662
|
|
1.500
|
|
29,481,627
|
|
|
5.50%
|
Cumulative, Non-Redeemable
|
|
1,173,163
|
|
1.375
|
|
7,527,797
|
|
|
5.00%
|
Cumulative, Non-Redeemable
|
|
400,000
|
|
1.250
|
|
2,333,333
|
|
|
5.00%
|
Cumulative, Redeemable
|
|
1,778,172
|
|
1.250
|
|
10,372,670
|
|
|
5.00%
|
Cumulative, Redeemable
|
- Series A
|
934,322
|
|
1.250
|
|
5,450,213
|
|
|
4.80%
|
Cumulative, Redeemable
|
|
793,031
|
|
1.200
|
|
4,440,973
|
|
|
4.50%
|
Cumulative, Redeemable
|
|
611,142
|
|
1.125
|
|
3,208,496
|
|
|
4.36%
|
Cumulative, Redeemable
|
|
418,291
|
|
1.090
|
|
2,127,707
|
|
|
Total First Preferred
|
|
|
|
|
64,942,816
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
This represents dividends declared on Common Stock to PG&E Corporation for the six months ended June 30, 2023.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
This represents dividends declared on Common Stock to PG&E Corporation for the six months ended June 30, 2022.
|
|
This consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
|
2022
|
|
|
|
|
|
(Increase) Decrease in Other Working Capital
|
$
|
(316,865,337)
|
|
|
$
|
(459,196,980)
|
|
|
Increase (Decrease) - Other Noncurrent Liabilities
|
(301,416,119)
|
|
|
(460,039,146)
|
|
|
Others
|
|
|
|
|
Nuclear Fuel Lease Amortization
|
55,507,650
|
|
|
52,265,978
|
|
|
Payment on capital lease obligation
|
(1,054,706)
|
|
|
(992,101)
|
|
|
Collateral Adjustment
|
(1,002,874)
|
|
|
(4,025,918)
|
|
|
Kincade settlement expense
|
—
|
|
|
85,000,000
|
|
|
SB 901 amortization
|
48,535,622
|
|
|
—
|
|
|
Bad Debt Expense
|
293,386,949
|
|
|
76,461,436
|
|
|
Tax benefit on stock option exercises (shortfall)
|
19,422,995
|
|
|
748,263
|
|
|
Other-net
|
37,404,562
|
|
|
58,416,271
|
|
|
|
|
|
|
Total
|
$
|
(166,081,258)
|
|
|
$
|
(651,362,197)
|
|
|
|
|
|
See footnote in column (b), Line 18.
This consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
|
2022
|
|
|
|
|
|
Increase (Decrease) in customer deposits
|
$
|
8,338,666
|
|
|
$
|
(2,215,212)
|
|
|
Employee taxes paid for withheld shares
|
(83,805,730)
|
|
|
(18,791,962)
|
|
|
|
|
|
|
|
|
|
|
Other debt issuance and exchange fees
|
(6,275,625)
|
|
|
(726,012)
|
|
|
|
|
|
|
Total
|
$
|
(81,742,689)
|
|
|
$
|
(21,733,186)
|
|
See footnote in column (b), Line 79.
This consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
|
2022
|
|
|
|
|
|
Cash (131)
|
$
|
78,791,789
|
|
|
$
|
38,641,479
|
|
|
Special Deposits (132-134)
|
1,352,844
|
|
|
21,447,648
|
|
|
|
|
|
|
Temporary Cash Investment (136)
|
463,369,547
|
|
|
80,500,000
|
|
|
|
|
|
|
Total
|
$
|
543,514,180
|
|
|
$
|
140,589,127
|
|
Supplemental disclosure of cash flow information (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash paid for:
|
|
|
|
|
Interest (net of amounts capitalized)
|
$
|
(911)
|
|
|
$
|
(602)
|
|
|
|
|
|
Supplemental disclosures of noncash investing and financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures financed through
|
|
|
|
|
accounts payable
|
860
|
|
|
1,380
|
|
|
Operating lease liabilities arising from
|
|
|
|
|
obtaining ROU assets
|
208
|
|
|
274
|
|
|
Forgiveness of DWR loan for
|
|
|
|
|
performance-based disbursements earned
|
67
|
|
|
—
|
|
|
Transfer of accounts receivable to a subsidiary company
|
—
|
|
|
(755)
|
|
See footnote in column (b), Line 90.
Property Under Capital Lease includes both operating and financing lease net of accumulated amortization in accordance with ASC 842.
Difference to page 200 Utility Plant In Service is due to Operating Leases.
Offset to 182.3 - Other Regulatory Assets, 232 - Accounts Payable, 400 - Revenue, 500 - Regulatory Credits, 501 - Expense and 925 - Injuries and Damages.
Offset to 232 - Accounts Payable, 500 - FASB842 Rent Expense Clearing, 501 - Expense and 925 - Injuries and Damages.
Offset to 400 - Revenue, 501 - Expense and 244 - Liabilities
Offset to account 108 - Accumulated Depreciation and 230 - ARO - Liability.
Offset to account 108 - Accumulated Depreciation, 182.3 - Other Regulatory Assets, 254 - Other Regulatory Liabilities and 230 - ARO - Liability.
Offset to account 108 - Accumulated Depreciation, 143 - Accounts Receivable, 254 - Other Regulatory Liabilities and 230 - ARO - Liability.
Activity primarily related to Recovery Bond Tracking and Recovery Bond Tracking Offset with offset to 254 - Other Regulatory Liabilities
Line 4 includes all other commercial and industrial customers including irrigation pumping.
Line 5 includes commercial and industrial customers with demands of 1,000 kWh or greater.
Column (b) includes California Department of Water Resources ("DWR") revenues of $178,598,010 which was deducted from Line 21 below.
|
|
|
|
|
|
|
This consists of :
|
|
|
NSF fees and rent charges to customers' refundable deposits
|
877,168
|
|
|
Misc Elec Svs RevPro
|
—
|
|
|
NRD Revenue
|
293,430
|
|
|
MLX billings to electric residential customers
|
1,866,376
|
|
|
MLX billings to electric non-residential customers
|
360,865
|
|
|
Reimbursable third-party labor requested on behalf of customers
|
436,509
|
|
|
|
|
|
Total
|
3,834,348
|
|
|
|
|
|
|
|
|
This consists of :
|
|
|
Unbilled revenues
|
(61,903,247)
|
|
|
Reimbursement to the Utility for costs spent on customer projects
|
30,354,312
|
|
|
Reimbursement to the Utility for costs spent on customer billing
|
7,594,602
|
|
|
Reimbursement fees paid to the CPUC based on sales
|
(44,914,980)
|
|
|
Employee transfer fees
|
—
|
|
|
Other revenue-damage claim
|
768,888
|
|
|
Recreational Facilities Revenue
|
457,428
|
|
|
Revenue assigned - base
|
(17,661,529)
|
|
|
Leasing of utility towers
|
19,002,865
|
|
|
Pass-through franchise fees and uncollectible revenue
|
17,661,743
|
|
|
Transition Cost Revenue Account for non-bypassable charges
|
23,688,741
|
|
|
Fees for utility energy service contracts
|
27,633,128
|
|
|
Other electric revenues not classified elsewhere
|
60,395,137
|
|
|
MCI rights of way
|
290,661
|
|
|
DWR
|
(178,598,010)
|
|
|
Miscellaneous (items under $250,000)
|
49,825
|
|
|
Total
|
(115,180,436)
|
|
The DWR revenues of $178,598,010 represents amount passed through to the DWR. The Utility acts as a pass-through entity for DWR charges collected from the Utility's customers. Although charges for the DWR are included in total electric revenues, the Utility deducts pass through amounts from electric revenues. These pass-through revenues are excluded from the Utility's electric revenues in its Statement of Income.
Of the quarter end balance, $0 relates to energy storage operation per FERC Order 784.
Of the quarter end balance, $93,599 relates to energy storage operation per FERC Order 784.
Of the quarter end balance, $0 relates to energy storage operation per FERC Order 784.
Other Charges represent booking estimate adjustments. In September 2003, the Utility changed the billing methodology using energy as billing determinants rather than contract demand. The change was pursuant to the TO6 Settlement Agreement under FERC Docket No. ER03-666-000.
Transmission is provided under the Midway Transmission Service.
Recorded here are the Midway Transmission Service data for TANC members which include Modesto Irrigation District, Sacramento Municipal Utility District, City of Redding, and the Turlock Irrigation District.
Represents payments for operations and maintenance costs.
Represents payments for lease of transmission capacity.
Represents payments for operations and maintenance costs.
Represents payments for lease of transmission capacity.
Represents payments for administrative costs of scheduling services provided by the California Independent Systems Operator (CAISO).
This is a revision of the preliminary data previously submitted.
This is a revision of the preliminary data previously submitted.
Based on preliminary data at time of filing.
Based on preliminary data at time of filing.
Based on preliminary data at time of filing.
Based on preliminary data at time of filing.
The source of the entries in this column is the metered data from Pacific Gas and Electric Company's (the "Utility") Daily Service Report, Line 9.
Represent transmission service to the following Existing Transmission Contract customers:
Transmission Agency of Northern California.
Transmission services utilizing the Utility's transmission system are also sold by the California Independent System Operator ("ISO") to other wholesale entities. The ISO tracks this data and reports it separately to the FERC. The Utility does not have access to this data. The ISO numbers reported in this column were derived by subtracting columns (e)-(i) from column (b).
Actual data is not available at time of filing. Entry reflects estimated data.