1 

EXHIBIT 99.1 

 MONTHLY OPERATING REPORT 

 (GENERAL BUSINESS CASE) 

SUMMARY OF FINANCIAL STATUS 

MONTH ENDED: March 31, 2019 PETITION DATE: January 29, 2019

1. 

Debtors in possession (or trustee) hereby submit this Monthly Operating Report on the Accrual Basis of accounting (or if 

checked here the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtors). 

Dollars reported in $ millions 

2. Asset and Liability Structure End of Current End of Prior As of Petition 

 Month Month Filing (1)

 a. Current Assets $ 10,693 $ 10,453 $ 9,091

 b. Total Assets $ 82,287 $ 81,549 $ 79,809

 c. Current Liabilities $ 4,808 $ 4,886 $ 3,740

 d. Total Liabilities $ 69,158 $ 68,561 $ 66,888

3. Statement of Cash Receipts & Disbursements for Month 

End of Current 

Month 

End of Prior 

Month 

Cumulative 

(Case to Date) 

 a. Total Receipts $ 2,219 $ 2,164 $ 4,621

 b. Total Disbursements $ (1,497) $ (1,045) $ (2,542)

c. Excess (Deficiency) of Receipts Over Disbursements (a - 

b) $ 722 $ 1,119 $ 2,079

 d. Cash Balance Beginning of Month $ 2,267 $ 1,148 $ 910

 e. Cash Balance End of Month (c + d) $ 2,989 $ 2,267 $ 2,989

 

End of Current 

Month 

End of Prior 

Month 

Cumulative 

(Case to Date)(1)

4. Profit/(Loss) from the Statement of Operations $ 136 $ 21 $ 135

5. Account Receivables (Pre and Post-Petition) $ 4,852 $ 5,064

6. Post-Petition Liabilities $ 1,747 $ 1,091

7. Past Due Post-Petition Account Payables (over 30 days) (2) $ — $ —

(1) Data as of January 29, 2019 is not available, January 31, 2019 data used as Petition Date.

(2) In the ordinary course, in most instances the Debtors' process for validating items for payment to suppliers requires the matching of a vendor invoice with a 

purchase order and, additionally, with a goods receipt (reflecting the Debtors' acknowledgment of the delivery of goods or completion of services). That

matching process extends the timeline for a vendor invoice to become an actual accounts payable item until such time as the validation operation is fully

complete. The Debtors are actively engaged on an ongoing basis with its supplier base to minimize the invoice matching and validation time frame. To the 

best of the Debtors' knowledge, in all instances where the invoice matching process has been satisfactorily completed for post-petition vendor activity, the 

Debtors do not have any past due post-petition accounts payable as of March 31, 2019.

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At the end of this reporting month: Yes No 

8. Have any payments been made on pre-petition debt, other than payments in the 

normal course to secured creditors or lessors? (if yes, attach listing including date 

of payment, amount of payment and name of payee) 

9. Have any payments been made to professionals? (if yes, attach listing including 

date of payment, amount of payment and name of payee) 

10. If the answer is yes to 8 or 9, were all such payments approved by the court? 

11. Have any payments been made to officers, insiders, shareholders, relatives? (if 

yes, attach listing including date of payment, amount and reason for payment, and 

name of payee) 

12. Are the estates insured for replacement cost of assets and for general liability? 

13. Are a plan and disclosure statement on file? 

14. Was there any post-petition borrowing during this reporting period? 

15. Check if paid: 

 Post-petition taxes: 

 U.S. Trustee Quarterly Fees: N/A 

 Tax reporting and tax returns: 

(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax 

reporting and tax return filings are not current.) 

I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making 

reasonable inquiry believe these documents are correct. 

Date: May 9, 2019 /s/ DAVID S. THOMASON 

 David S. Thomason 

 Vice President, Controller, PG&E Corporation 

 

Vice President, Chief Financial Officer and Controller, Pacific 

Gas and Electric Company 

Case: 19-30088 Doc# 1945 Filed: 05/09/19 Entered: 05/09/19 13:30:37 Page 2 of

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UNAUDITED STATEMENTS OF INCOME 

FOR THE MONTH ENDED MARCH 31, 2019 

(in millions) Reference

Pacific Gas & 

Electric 

Company 

PG&E 

Corporation 

PG&E 

Corporation 

Consolidated 

Operating Revenues 

Electric $ 870 $ — $ 870

Natural gas 386 — 386

Total operating revenues 1,256 — 1,256

Operating Expenses 

Cost of electricity 155 — 155

Cost of natural gas 92 — 92

Operating and maintenance 677 (2) 675

Depreciation, amortization, and decommissioning 273 — 273

Total operating expenses 1,197 (2) 1,195

Operating Income 59 2 61

Interest income 2 (1) 1

Interest expense (17) — (17)

Other income, net 22 3 25

Reorganization items Item 15 (18) — (18)

Income Before Income Taxes 48 4 52

Income tax provision (benefit) (86) 2 (84)

Net Income 134 2 136

Preferred stock dividend requirement (1) — —

Income Available for Common Stock $ 135 $ 2 $ 136

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UNAUDITED BALANCE SHEETS 

AS OF MARCH 31, 2019 

(in millions) Reference

Pacific Gas & 

Electric 

Company 

PG&E 

Corporation 

PG&E 

Corporation 

Consolidated 

ASSETS 

Current Assets 

Cash and cash equivalents 

Items 10 

and 11 $ 2,552 $ 412 $ 2,964

Accounts receivable 

Customers (net of allowance for doubtful 

accounts of $56) Item 4 1,319 — 1,319

Accrued unbilled revenue 838 — 838

Regulatory balancing accounts 1,497 — 1,497

Other 2,716 117 2,695

Regulatory assets 235 — 235

Inventories Item 3 

Gas stored underground and fuel oil 72 — 72

Materials and supplies 464 — 464

Income taxes receivable — 2 —

Other 609 — 609

Total current assets 10,302 531 10,693

Property, Plant, and Equipment 

Electric 59,982 — 59,982

Gas 21,930 — 21,930

Construction work in progress 2,525 — 2,525

Other Plant in Service 18 2 20

Total property, plant, and equipment 84,455 2 84,457

Accumulated depreciation (25,217) (2) (25,220)

Net property, plant, and equipment Item 7 59,238 — 59,237

Other Noncurrent Assets 

Regulatory assets 5,151 — 5,151

Nuclear decommissioning trusts 2,932 — 2,932

Operating lease right of use asset 2,728 11 2,738

Income taxes receivable 66 82 69

Other 1,330 12,888 1,467

Total other noncurrent assets 12,207 12,981 12,357

TOTAL ASSETS $ 81,747 $ 13,512 $ 82,287

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UNAUDITED BALANCE SHEETS 

AS OF MARCH 31, 2019 

(in millions) Reference

Pacific Gas & 

Electric 

Company 

PG&E 

Corporation 

PG&E 

Corporation 

Consolidated 

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities 

Short-term borrowings $ — $ — $ —

Long-term debt, classified as current — — —

Accounts payable Item 5 

Trade creditors 863 4 867

Regulatory balancing accounts 1,345 — 1,345

Other 553 38 453

Operating lease liabilities 536 3 539

Disputed claims and customer refunds — — —

Interest payable 1 — 1

Wildfire-related claims — — —

Other 1,620 (14) 1,603

Total current liabilities 4,918 31 4,808

Noncurrent Liabilities 

Long-term debt — — —

Debtor-in-possession credit facility Item 6 350 — 350

Regulatory liabilities 8,872 — 8,872

Pension and other postretirement benefits 2,006 — 2,006

Asset retirement obligations 6,055 — 6,055

Deferred income taxes Item 8 3,396 (122) 3,273

Operating lease liabilities 2,192 8 2,199

Other 2,323 60 2,273

Total noncurrent liabilities 25,194 (54) 25,028

Liabilities Subject to Compromise Item 9 38,547 775 39,322

Shareholders' Equity 

Preferred stock 258 — —

Common stock 1,322 13,020 13,000

Additional paid-in capital 8,550 — —

Reinvested earnings 2,959 (251) (114)

Accumulated other comprehensive (loss) income (1) (9) (9)

Total shareholders' equity 13,088 12,760 12,877

Noncontrolling Interest - Preferred Stock of 

Subsidiary — — 252

TOTAL LIABILITIES AND SHAREHOLDERS' 

EQUITY $ 81,747 $ 13,512 $ 82,287

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1. BASIS OF PRESENTATION 

General 

On January 29, 2019, PG&E Corporation (the “Corporation”) and its subsidiary, Pacific Gas and Electric Company (the 

“Utility”) (together with the Corporation, the “Debtors”), filed voluntary petitions for relief under chapter 11 of title 11 of the 

United States Code (the “Bankruptcy Code”) in the U.S. Bankruptcy Court for the Northern District of California (the 

“Bankruptcy Court”). The Corporation’s and the Utility’s Chapter 11 cases are being jointly administered under the caption In 

re: PG&E Corporation and Pacific Gas and Electric Company, Case No. 19-30088 (DM) (the “Chapter 11 Cases”). The 

Debtors continue to operate their businesses and manage their properties as debtors in possession pursuant to sections 1107(a) 

and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in either of the Chapter 11 Cases. 

On February 12, 2019, the United States Trustee (the “U.S. Trustee”) appointed an Official Committee of Unsecured Creditors. 

On February 15, 2019, the U.S. Trustee appointed an Official Committee of Tort Claimants. 

Debtor-in-Possession Financial Statements 

Financial Accounting Standards Board Accounting Standards Codification 852, (Reorganizations) ("ASC 852"), which is 

applicable to companies in Chapter 11, requires that financial statements for periods after the filing of a Chapter 11 petition 

distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the 

business. The financial statements have been prepared in accordance with ASC 852. The accompanying financial statements 

have been prepared solely for purposes of complying with the monthly operating requirements applicable in the Debtors’ 

Chapter 11 Cases (the “Monthly Operating Reports”). The Debtors caution investors and potential investors not to place undue 

reliance upon the information contained in the Monthly Operating Reports, which was not prepared for the purpose of 

providing the basis for an investment decision relating to any securities of the Debtors. 

The financial information contained in the Monthly Operating Reports is unaudited, limited in scope, and as such, has not been 

subject to procedures that would typically be applied to financial statements in accordance with accounting principles generally 

accepted in the United States of America. The Monthly Operating Reports should not be relied upon by any persons for 

information relating to current or future financial condition, events, or performance of the Corporation and the Utility and any 

of their non-debtor subsidiaries, as the results of operations contained in the Monthly Operating Reports are not necessarily 

indicative of results which may be expected for any other period or for the full year, and may not necessarily reflect the 

combined results of operations, financial position, and schedule of receipts and disbursements in the future. These unaudited 

financial statements were prepared using certain assumptions and estimates. These assumptions and estimates are subject to 

revision. Further, the amounts shown in this statement may differ materially due to adjustments in accruals, changes in facts 

and circumstances, changes in estimates, further analysis, and other factors. 

The Utility’s unaudited financial statements reflected under the column “Pacific Gas and Electric Company” are presented on a 

consolidated basis and include the accounts of the Utility and the following subsidiaries of the Utility that individually and in 

aggregate are immaterial: Eureka Energy Company, Midway Power, LLC, Pacific Energy Fuels Company, and Standard Pacific 

Gas Line Incorporated. 

The Corporation’s unaudited financial statements reflected under the column “PG&E Corporation” are presented on a 

consolidated basis and include the accounts of the following subsidiaries of the Corporation that individually and in aggregate 

are immaterial: PCG Capital, Inc., PG&E Corporation Support Services, Inc., and PG&E Corporation Support Services II, Inc. 

The Corporation’s unaudited financial statements reflected under the column “PG&E Corporation” exclude the accounts of the 

Utility. 

The Corporation’s unaudited financial statements reflected under the column “PG&E Corporation, Consolidated” are presented 

on a consolidated basis and include the accounts of the Corporation, the Utility, and other wholly owned and controlled 

subsidiaries. 

These unaudited financial statements differ from the requirements of generally accepted accounting principles in that they 

exclude certain financial statements (statements of cash flows, stockholders equity, and other comprehensive income), relevant 

footnotes and certain reclassifications. 

These unaudited financial statements were prepared using certain assumptions and estimates. These assumptions and estimates 

are subject to revision. Further, the amounts shown in this statement, when reported on a quarterly basis, may differ materially 

due to adjustments in accruals, changes in facts and circumstances, changes in estimates, further analysis, and other factors. 

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Liabilities Subject to Compromise 

As a result of the Chapter 11 Cases, the payment of prepetition indebtedness is subject to compromise or other treatment under 

a plan of reorganization. The determination of how liabilities will ultimately be settled or treated cannot be made until the 

Bankruptcy Court confirms a Chapter 11 plan of reorganization and such plan becomes effective. Accordingly, the ultimate 

amount of such liabilities is not determinable at this time. ASC 852 requires prepetition liabilities that are subject to 

compromise to be reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. The amounts 

currently classified as liabilities subject to compromise are preliminary and may be subject to future adjustments depending on 

the Bankruptcy Court actions, further developments with respect to disputed claims, determinations of the secured status of 

certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation or 

other events. 

Reorganization Items 

ASC 852 requires expenses and income directly associated with the Chapter 11 Cases to be reported separately in the income 

statement. Reorganization items are reported net and include expenses related to legal advisory and representation services, 

other professional consulting and advisory services, debtor-in-possession financing fees and changes in liabilities subject to 

compromise recognized as there are changes in amounts expected to be allowed. 

Post-Petition Liabilities 

Post-petition liabilities reflected in the Monthly Operating Report include Accounts payable - trade creditors, Accounts payable 

- other, and Other current liabilities, excluding amounts pertaining to regulatory liabilities. 

2. CHAPTER 11 FILING 

On January 29, 2019, the Debtors filed the Chapter 11 Cases with the Bankruptcy Court. The Debtors continue to operate their 

business as debtors in possession under the jurisdiction of the Bankruptcy Court and in accordance with the applicable 

provisions of the Bankruptcy Code and orders of the Bankruptcy Court. 

On January 31, 2019, the Bankruptcy Court approved, on an interim basis, certain motions (the “First Day Motions”) 

authorizing, but not directing, the Debtors to, among other things, (a) secure $5.5 billion of debtor-in-possession financing; (b) 

continue to use the Debtors’ cash management system; and (c) pay certain prepetition claims relating to (i) certain safety, 

reliability, outage, and nuclear facility suppliers; (ii) shippers, warehousemen, and other lien claimants; (iii) taxes; (iv)

employee wages, salaries, and other compensation and benefits; and (v) customer programs, including public purpose 

programs. The First Day Motions were subsequently approved by the Bankruptcy Court on a final basis at hearings on 

February 27, 2019, March 12, 2019, March 13, 2019, and March 27, 2019. 

For additional information regarding the Chapter 11 Cases, refer to the website maintained by Prime Clerk, LLC, the 

Company’s claims and noticing agent, at http://restructuring.primeclerk.com/pge. 

3. INVENTORY 

Inventories are carried at weighted-average cost and include natural gas stored underground as well as materials and supplies. 

Natural gas stored underground is recorded to inventory when injected and then expensed as the gas is withdrawn for 

distribution to customers or to be used as fuel for electric generation. Materials and supplies are recorded to inventory when 

purchased and expensed or capitalized to plant, as appropriate, when consumed or installed. 

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4. ACCOUNTS RECEIVABLE 

The following reflects the balance of the Utility's Accounts receivable - Customers as of March 31, 2019: 

(in millions) Accounts 

Receivable (Pre and 

Receivables Aging Post-Petition) 

0 -30 Days $ 825

31-60 Days 174

61-90 Days 59

91+ Days 155

Unmailed invoices 143

Total accounts receivable - Customers 1,356

Other (1) 19

Allowance for doubtful accounts (56)

Accounts receivable - Customers (net) $ 1,319

(1) Represents Department of Water Resources bond charge, credit balance reclassification, and unidentified receipts.

5. ACCOUNTS PAYABLE 

To the best of the Debtors’ knowledge, all undisputed, validated post-petition accounts payable have been and are being paid 

under agreed-upon payment terms. 

In the ordinary course, in most instances the Debtors' process for validating items for payment to suppliers requires the 

matching of a vendor invoice with a purchase order and, additionally, with a goods receipt (reflecting the Debtors' 

acknowledgment of the delivery of goods or completion of services). That matching process extends the timeline for a vendor 

invoice to become an actual accounts payable item until such time as the validation operation is fully complete. The Debtors 

are actively engaged on an ongoing basis with its supplier base to minimize the invoice matching and validation time frame. To 

the best of the Debtors' knowledge, in all instances where the invoice matching process has been satisfactorily completed for 

post-petition vendor activity, the Debtors do not have any past due post-petition accounts payable as of March 31, 2019. 

6. DEBTOR-IN-POSSESSION (“DIP”) FINANCING 

The following table summarizes the Corporation’s and the Utility’s outstanding borrowings and availability under their DIP 

credit facilities at March 31, 2019: 

(in millions) 

Credit Facility 

Limit 

Borrowings 

Against 

Revolver 

Letters of 

Credit 

Outstanding 

Available 

Facility 

PG&E Corporation $ — $ — $ — $ —

Utility 1,500 (1)(2) 350 131 1,019

Total DIP revolving credit facilities $ 1,500 $ 350 $ 131 $ 1,019

(1) Includes $750 million of letter of credit subfacility.

(2) On March 27, 2019 the Bankruptcy Court approved of the entirety of the $5.5 billion DIP credit facility (including $750 million of the letter of credit 

subfacility, as well as the $500 million DIP term loan facility), but the conditions precedent to the full availability of the DIP Facilities were not satisfied 

until April 3, 2019. Accordingly, the amounts set forth in this table are based on the interim availability under the DIP Revolving Facility of $1.5 billion.

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7. PROPERTY, PLANT, AND EQUIPMENT 

Property, plant, and equipment are reported at the lower of their historical cost less accumulated depreciation or fair value. 

Historical costs include labor and materials, construction overhead, and allowance for funds used during construction. The 

Utility’s balances of its property, plant, and equipment were as follows at March 31, 2019: 

(in millions) March 31, 2019 

Electric (1) $ 59,982

Gas 21,930

Construction work in progress 2,525

Total property, plant, and equipment 84,437

Accumulated depreciation (25,217)

Net property, plant, and equipment $ 59,220

(1) Balance includes nuclear fuel inventories. Stored nuclear fuel inventory is stated at weighted-average cost. Nuclear fuel in the reactor is expensed as it is 

used based on the amount of energy output.

8. PAYMENT OF TAXES 

To the best of the Debtors’ knowledge, the Corporation and the Utility are current on all taxes payable. 

9. LIABILITIES SUBJECT TO COMPROMISE 

The following reflects the balance of liabilities subject to compromise as of March 31, 2019: 

(in millions) 

Pacific Gas & 

Electric Company PG&E Corporation 

PG&E Corporation 

Consolidated 

Financing Debt $ 21,811 $ 650 $ 22,461

Wildfire-related Claims 14,212 — 14,212

Trade creditors 1,850 1 1,851

Non-qualified benefit plan 17 122 139

2001 bankruptcy disputed claims 221 — 221

Customer deposits & advances 272 — 272

Reserve and Others 164 2 166

Total Liabilities Subject to Compromise $ 38,547 $ 775 $ 39,322

 10. RECAPITULATION OF FUNDS HELD AT END OF MONTH 

The following reflects the bank balances of the Corporation and the Utility as of March 31, 2019: 

Legal Entity Bank Account No. 

Balance, End 

of Month 

PG&E Corporation The Bank of New York Mellon 8400 $ 411,000,000

PG&E Corporation The Bank of New York Mellon 9023 493,922

PG&E Corporation Bank of America 7107 745,652

PG&E Corporation The Bank of New York Mellon 4558 —

PG&E Corporation Union Bank of California 9557 737

PG&E Corporation Bank of America 0X30 —

PG&E Corporation Barclays Capital Inc. 1362 —

PG&E Corporation BNP Paribas 0652 —

PG&E Corporation Citigroup Global Markets 0473 —

PG&E Corporation Goldman, Sachs & Co 0609 —

PG&E Corporation JP Morgan Chase Bank, N.A. 0698 —

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PG&E Corporation Merrill Lynch 0X30 —

PG&E Corporation Mitsubishi UFJ Securities USA, INC. 0189 —

PG&E Corporation Morgan Stanley / ISG Operations 4966 —

PG&E Corporation RBC Capital Markets 2226 —

PG&E Corporation Royal Bank of Scotland 2141 —

PG&E Corporation Wells Fargo Securities, LLC 7221 —

PG&E Corporation Bank of America 7981 —

PG&E Corporation The Bank of New York Mellon 9946 —

Pacific Gas & Electric Company The Bank of New York Mellon 8400 2,486,500,000

Pacific Gas & Electric Company Union Bank of California 5581 20,541,457

Pacific Gas & Electric Company Citibank N. A. 2091 578,429

Pacific Gas & Electric Company Bank of America 3212 243,093

Pacific Gas & Electric Company The Bank of New York Mellon 9994 60,642,447

Pacific Gas & Electric Company The Bank of New York Mellon 7822 —

Pacific Gas & Electric Company The Bank of New York Mellon 5477 —

Pacific Gas & Electric Company Royal Bank of Canada 0446 391,244

Pacific Gas & Electric Company Bank of America 7115 2,500,000

Pacific Gas & Electric Company U.S. Bank 2311 281,603

Pacific Gas & Electric Company Bank of America 2988 46,716

Pacific Gas & Electric Company The Bank of New York Mellon 3044 —

Pacific Gas & Electric Company Bank of America 2302 24,514

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 4XL9 3,040

Pacific Gas & Electric Company The Bank of New York Mellon 4122 100

Pacific Gas & Electric Company The Bank of New York Mellon 3532 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 43.11 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 543.7 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.2 —

Pacific Gas & Electric Company Bank of America 0817 —

Pacific Gas & Electric Company Bank of America 1675 —

Pacific Gas & Electric Company Citibank N. A. 0901 —

Pacific Gas & Electric Company Citibank N. A. 1958 —

Pacific Gas & Electric Company Citibank N. A. 2316 —

Pacific Gas & Electric Company Citigroup Global Markets 6473 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.1 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.1 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 54.11 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 54.12 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 54.13 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 54.14 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 54.15 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 54.16 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.2 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.3 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.4 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.5 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.6 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.7 —

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Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.8 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 854.9 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 43.10 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 43.12 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 543.6 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 543.8 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.1 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.10 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.11 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.12 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.13 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.14 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.15 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.16 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.17 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.18 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.19 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.20 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.21 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.22 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.23 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 50.24 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.3 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.4 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.5 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.6 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.7 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.8 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 550.9 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 387.1 —

Pacific Gas & Electric Company Deutsche Bank Trust Company Americas 7110 —

Pacific Gas & Electric Company The Bank of New York Mellon 8400 467,882

Pacific Gas & Electric Company The Bank of New York Mellon 8544 —

Pacific Gas & Electric Company The Bank of New York Mellon 9990 4,805,294

Pacific Gas & Electric Company The Bank of New York Mellon 4017 —

Pacific Gas & Electric Company The Bank of New York Mellon 0143 —

Pacific Gas & Electric Company Wells Fargo Bank N.A. 9578 —

Pacific Gas & Electric Company The Bank of New York Mellon 9978 —

Total Funds on Hand for all Accounts (1) $ 2,989,266,130

(1) Schedule does not include Wells Fargo accounts 5300 and 5400; these accounts are held by grantor trusts relating to post-service benefits to directors, 

officers, and other highly paid employees, which have a combined value of $171,079,154. The grantor trusts are considered assets of the Corporation 

subject to creditor claims.

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11. CASH RECEIPTS AND DISBURSEMENTS 

The following reflects the cash receipts and disbursements of the Corporation and the Utility for the month ended March 31, 

2019: 

(in millions) 

Pacific Gas & 

Electric Company

PG&E 

Corporation 

PG&E 

Corporation 

Consolidated 

Beginning Cash (1)(2) $ 1,785 $ 482 $ 2,267

Total receipts (3) 2,209 10 2,219

Total disbursements (3) (1,417) (80) (1,497)

DIP borrowing (net of fees) — — —

Total Change in Cash 792 (70) 722

Ending Cash (1)(2) $ 2,577 $ 412 $ 2,989

(1) Calculated using balance per bank.

(2) Balances will not tie to the Balance Sheets as they are per bank and due to the exclusion of non-debtor bank accounts.

(3) Includes intercompany receipts and disbursements between the Corporation and the Utility.

 

12. PAYMENTS ON PRE-PETITION DEBT 

The following reflects the payments for the month ended March 31, 2019 made in accordance with the authority granted by the 

Bankruptcy Court pursuant to the First Day Motions.

(in millions) 

First Day Motions Disbursed in Month 

Operational Integrity Supplier $ 23

Cash Management —

NGX - CAISO 1

Public Purpose Programs 86

Shippers / Liens 10

Tax 5

Employee Wage and Benefits 162

Insurance 11

503(b)(9) (1) —

Total $ 298

(1) Pursuant to the Operational Integrity Motion Debtors are allowed to pay valid 503(b)(9) claims.

13. PAYMENTS FOR RETAINED PROFESSIONALS 

There were no payments made to bankruptcy professionals retained under section 327 or 363 of the Bankruptcy Code during 

the month ended March 31, 2019. 

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14. PAYMENTS TO INSIDERS 

The following reflects the cash payments made to insiders of the Corporation and the Utility during the month ended March 31, 

2019. Other than reimbursement for reasonable expenses incurred in connection with attending Board of Directors meetings, 

Board of Directors committee meetings, or participating in other activities undertaken on behalf of the Corporation and the 

Utility, there were no payments made to non-employee directors during the reporting period. 

(in ones) Total Payments 

for Month Name Title (1) (2) (3)

Loraine Giammona Senior Vice President and Chief Customer Officer $ 60,000

Julie Kane 

Senior Vice President, Chief Ethics and Compliance Officer, and Deputy 

General Counsel, PG&E Corporation and Pacific Gas and Electric Company 59,433

Kathleen Kay Senior Vice President and Chief Information Officer 49,827

Michael Lewis Senior Vice President, Electric Operations 57,500

Janet Loduca 

Senior Vice President and Interim General Counsel, PG&E Corporation and 

Pacific Gas and Electric Company 101,833 (4) 

Steven Malnight Senior Vice President, Energy Supply and Policy 68,750

Dinyar Mistry 

Senior Vice President, Human Resources and Chief Diversity Officer, PG&E 

Corporation and Pacific Gas and Electric Company 62,667

John Simon Interim Chief Executive Officer, PG&E Corporation 75,317

Jesus Soto Senior Vice President, Gas Operations 67,917

David Thomason 

Vice President, Chief Financial Officer, and Controller, Pacific Gas and 

Electric Company 

Vice President and Controller, PG&E Corporation 42,083

Fong Wan Senior Vice President, Energy Policy and Procurement 54,483

Jason Wells Senior Vice President and Chief Financial Officer, PG&E Corporation $ 77,500

(1) Except as otherwise noted, all positions have been held at the Utility.

(2) Payments primarily consist of salary.

(3) Payments include annual perquisite allowances paid in March 2019.

(4) Includes temporary monthly compensation increase as a result promotion in January 2019 to position of Interim General Counsel.

15. REORGANIZATION ITEMS 

The following reflects net reorganization items as of March 31, 2019: 

Post-Petition Period Through March 31, 2019 

(in millions) 

Pacific Gas & 

Electric Company PG&E Corporation 

PG&E Corporation 

Consolidated 

Debtor-in-possession financing costs $ 97 $ 17 $ 114

Legal and other 23 1 24

Interest income (9) (2) (11)

Adjustments to LSTC — — —

Trustee fees — — —

Total reorganization items, net $ 111 $ 16 $ 127

Case: 19-30088 Doc# 1945 Filed: 05/09/19 Entered: 05/09/19 13:30:37 Page 13

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