EXHIBIT 99.1

 MONTHLY OPERATING REPORT

 (GENERAL BUSINESS CASE) 

SUMMARY OF FINANCIAL STATUS

MONTH ENDED: October 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 $ 11,457 $ 11,577 $ 9,091

b. Total Assets $ 85,745 $ 85,713 $ 79,809

c. Current Liabilities $ 6,832 $ 6,472 $ 3,740

d. Total Liabilities $ 76,756 $ 76,722 $ 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 $ 2,086 $ 2,260 $ 19,494

b. Total Disbursements $ (2,334) $ (2,120) $ (17,727)

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

b) $ (248) $ 140 $ 1,767

d. Cash Balance Beginning of Month $ 2,925 $ 2,785 $ 910

e. Cash Balance End of Month (c + d) $ 2,677 $ 2,925 $ 2,677

End of Current 

Month

End of Prior 

Month

Cumulative

(Case to Date)(1)

4. Profit/(Loss) from the Statement of Operations $ 1 $ (1,862) $ (4,039)

5. Account Receivables (Pre and Post-Petition) $ 4,635 $ 5,047

6. Post-Petition Liabilities $ 4,749 $ 4,536

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 be cleared for payment until such time as the validation operation is fully complete. The 

Debtors are actively engaged on an ongoing basis with their 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 October 31, 2019.

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UNAUDITED STATEMENTS OF INCOME

FOR THE MONTH ENDED OCTOBER 31, 2019

(in millions) Reference

Pacific Gas & 

Electric 

Company

PG&E 

Corporation

PG&E 

Corporation 

Consolidated

Operating Revenues

Electric $ 1,037 $ — $ 1,037

Natural gas 341 — 341

Total operating revenues 1,378 — 1,378

Operating Expenses

Cost of electricity 244 — 244

Cost of natural gas 38 — 38

Operating and maintenance 840 (3) 837

Depreciation, amortization, and decommissioning 276 — 276

Total operating expenses 1,398 (3) 1,395

Operating Income (Loss) (20) 3 (17)

Interest income 6 — 6

Interest expense (17) — (17)

Other income (expense), net 19 — 19

Reorganization items, net Item 15 (29) (3) (32)

Income (Loss) Before Income Taxes (41) — (41)

Income tax provision (benefit) (43) — (43)

Net Income (Loss) 2 — 2

Preferred stock dividend requirement 1 — 1

Income (Loss) Attributable to Common Stock $ 1 $ — $ 1

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UNAUDITED STATEMENTS OF INCOME

PETITION DATE THROUGH OCTOBER 31, 2019

(in millions) Reference

Pacific Gas & 

Electric 

Company

PG&E 

Corporation

PG&E 

Corporation 

Consolidated

Operating Revenues

Electric $ 10,328 $ — $ 10,328

Natural gas 3,434 — 3,434

Total operating revenues 13,762 — 13,762

Operating Expenses

Cost of electricity 2,749 — 2,749

Cost of natural gas 553 — 553

Operating and maintenance 7,091 (19) 7,072

Wildfire-related claims, net of insurance 6,448 — 6,448

Depreciation, amortization, and decommissioning 2,710 (1) 2,709

Total operating expenses 19,551 (20) 19,531

Operating Income (Loss) (5,789) 20 (5,769)

Interest income 68 1 69

Interest expense (230) (2) (232)

Other income, net 208 10 218

Reorganization items, net Item 15 (266) (22) (288)

Income (Loss) Before Income Taxes (6,009) 7 (6,002)

Income tax provision (benefit) (1,985) 11 (1,974)

Net Income (Loss) (4,024) (4) (4,028)

Preferred stock dividend requirement 11 — 11

Income (Loss) Attributable to Common Stock $ (4,035) $ (4) $ (4,039)

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UNAUDITED BALANCE SHEETS

AS OF OCTOBER 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 $ 2,240 $ 444 $ 2,684

Accounts receivable

Customers (net of allowance for doubtful 

accounts of $40) Item 4 1,240 — 1,240

Accrued unbilled revenue 807 — 807

Regulatory balancing accounts 2,291 — 2,291

Other 2,598 86 2,588

Regulatory assets 285 — 285

Inventories Item 3

Gas stored underground and fuel oil 111 — 111

Materials and supplies 530 — 530

Income taxes receivable 262 1 263

Other 646 11 658

Total current assets 11,010 542 11,457

Property, Plant, and Equipment

Electric 62,093 — 62,093

Gas 22,950 — 22,950

Construction work in progress 2,679 — 2,679

Other Plant in Service 18 2 20

Total property, plant, and equipment 87,740 2 87,742

Accumulated depreciation (26,094) (2) (26,096)

Net property, plant, and equipment Item 7 61,646 — 61,646

Other Noncurrent Assets

Regulatory assets 5,650 — 5,650

Nuclear decommissioning trusts 3,106 — 3,106

Operating lease right of use asset 2,378 8 2,386

Income taxes receivable 67 84 151

Other 1,205 12,896 1,349

Total other noncurrent assets 12,406 12,988 12,642

TOTAL ASSETS $ 85,062 $ 13,530 $ 85,745

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UNAUDITED BALANCE SHEETS

AS OF OCTOBER 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 1,833 5 1,838

Regulatory balancing accounts 1,662 — 1,662

Other 699 18 621

Operating lease liabilities 552 3 555

Disputed claims and customer refunds — — —

Interest payable 4 — 4

Other 2,160 (8) 2,152

Total current liabilities 6,910 18 6,832

Noncurrent Liabilities

Long-term debt — — —

Debtor-in-possession financing Item 6 1,500 — 1,500

Regulatory liabilities 9,293 — 9,293

Pension and other postretirement benefits 1,928 — 1,928

Asset retirement obligations 6,279 — 6,279

Deferred income taxes Item 8 1,796 (118) 1,678

Operating lease liabilities 1,826 5 1,831

Other 2,304 59 2,335

Total noncurrent liabilities 24,926 (54) 24,844

Liabilities Subject to Compromise Item 9 44,296 784 45,080

Shareholders’ Equity

Preferred stock 258 — —

Common stock 1,322 13,046 13,026

Additional paid-in capital 8,550 — —

Reinvested earnings (1,200) (255) (4,280)

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

Total shareholders’ equity 8,930 12,782 8,737

Noncontrolling Interest - Preferred Stock of 

Subsidiary — — 252

TOTAL LIABILITIES AND SHAREHOLDERS’ 

EQUITY $ 85,062 $ 13,530 $ 85,745

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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 Debtors’ 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 

(the “UCC”). On February 15, 2019, the U.S. Trustee appointed an Official Committee of Tort Claimants (the “TCC”).

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, shareholders’ equity, and other comprehensive income), relevant 

footnotes and certain reclassifications.

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Liabilities Subject to Compromise 

As a result of the Chapter 11 Cases, the payment of pre-petition 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 pre-petition 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, net of interest income.

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 

businesses 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 and the Debtors’ cash management system; and (c) pay certain pre-petition 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.

On July 1, 2019, the Bankruptcy Court entered an order approving a deadline of October 21, 2019, at 5:00 p.m. (Pacific Time) 

(the “Bar Date”) for filing claims against the Debtors relating to the period prior to the Petition Date. The Bar Date is subject to 

certain exceptions, including for claims arising under section 503(b)(9) of the Bankruptcy Code, the Bar Date for which 

occurred on April 22, 2019. The Bankruptcy Court also approved the Debtors’ plan to provide notice of the Bar Date to parties 

in interest, including potential wildfire-related claimants and other potential creditors. On November 11, 2019 the Bankruptcy 

Court entered an order [Docket No. 4672] approving a stipulation between the Debtors and the TCC to extend the Bar Date for 

unfiled, non-governmental fire claimants to December 31, 2019, at 5:00 p.m. (Pacific Time). 

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, as well as to the Debtors' annual report on 

Form 10-K for the year ended December 31, 2018, their joint quarterly reports on Form 10-Q for the quarters ended March 31, 

2019, June 30, 2019 and September 30, 2019, and other reports filed with the SEC, which are available on PG&E Corporation's 

website at www.pgecorp.com and on the SEC website at www.sec.gov. The Debtors also routinely post or provide links to 

certain documents and information related to the Chapter 11 Cases at http://investor.pgecorp.com, under the “Chapter 11” tab.

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 October 31, 2019:

(in millions) Accounts Receivable 

– Customers (Pre 

Receivables Aging and Post-Petition)

0 -30 Days $ 752

31-60 Days 155

61-90 Days 62

91+ Days 162

Unmailed invoices 115

Total accounts receivable – Customers 1,246

Other(1)34

Allowance for doubtful accounts (40)

Accounts receivable – Customers (net) $ 1,240

(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 be cleared for payment 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 October 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 October 31, 2019:

(in millions)

Aggregate 

Limit

Term Loan 

Borrowings

Revolver 

Borrowings

Letters of 

Credit 

Outstanding

Aggregate 

Availability

PG&E Corporation $ — $ — $ — $ — $ —

Utility 5,500 (1)1,500 — 713 3,287

Total DIP credit facilities $ 5,500 $ 1,500 $ — $ 713 $ 3,287

(1)

Includes $1.5 billion of letter of credit subfacility.

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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. PG&E 

Corporation Consolidated balances of its property, plant, and equipment were as follows at October 31, 2019:

(in millions)

PG&E Corporation 

Consolidated

Electric (1)$ 62,093

Gas 22,950

Construction work in progress 2,679

Other Plant in Service 20

Total property, plant, and equipment 87,742

Accumulated depreciation (26,096)

Net property, plant, and equipment $ 61,646

(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 (“LSTC”) as of October 31, 2019:

(in millions)

Pacific Gas & 

Electric Company PG&E Corporation

PG&E Corporation 

Consolidated

Financing Debt (1)$ 21,813 $ 650 $ 22,463

Wildfire-related Claims(2)20,560 — 20,560

Trade creditors 1,240 5 1,245

Non-qualified benefit plan 18 127 145

2001 bankruptcy disputed claims 221 — 221

Customer deposits & advances 279 — 279

Others 165 2 167

Total Liabilities Subject to Compromise $ 44,296 $ 784 $ 45,080

(1)

At October 31, 2019, the Debtors had $650 million and $21,526 million in aggregate principal amount of pre-petition indebtedness, respectively. Utility prepetition financing debt also includes $287 million of accrued contractual interest to the Petition Date. 

(2)

 Wildfire-related claims include aggregate liability accruals of $12.9 billion for the 2018 Camp fire, $7.5 billion for the 2017 Northern California wildfires 

and $212 million for the Butte fire and is shown net of $100 million deposited into the Wildfire Assistance Fund on August 2, 2019 in connection with 

potential liabilities related to the 2018 Camp fire and the 2017 Northern California wildfires. For additional information on pre-petition wildfire-related 

claims reported as LSTC, please see Note 10 of the Notes to the Condensed Consolidated Financial Statements in the Debtors’ joint quarterly report on Form 

10-Q for the three months ended September 30, 2019.

 10. RECAPITULATION OF FUNDS HELD AT END OF MONTH

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

Legal Entity Bank Account No.

Balance, End of 

Month (in ones)

PG&E Corporation The Bank of New York Mellon 8400 $ 444,500,000

PG&E Corporation The Bank of New York Mellon 9023 429,120

PG&E Corporation Bank of America 7107 —

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

PG&E Corporation Union Bank of California 9557 737

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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 —

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 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 1,955,300,000

Pacific Gas & Electric Company Union Bank of California 5581 266,583,386

Pacific Gas & Electric Company Citibank N. A. 2091 520,960

Pacific Gas & Electric Company Bank of America 3212 491,588

Pacific Gas & Electric Company The Bank of New York Mellon 9994 652,195

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 277,998

Pacific Gas & Electric Company Bank of America 7115 —

Pacific Gas & Electric Company U.S. Bank 2311 626,878

Pacific Gas & Electric Company Bank of America 2988 46,727

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

Pacific Gas & Electric Company Bank of America 2302 713,765

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

Pacific Gas & Electric Company The Bank of New York Mellon 4122 1,000

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 —

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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 —

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 1,217,791

Pacific Gas & Electric Company The Bank of New York Mellon 8544 1,229

Pacific Gas & Electric Company The Bank of New York Mellon 9990 4,940,073

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 —

Pacific Gas & Electric Company U.S. Bank 5000 1,000,393

Pacific Gas & Electric Company Bank of America 2520 —

Total Funds on Hand for all Accounts(1)(2)(3)$ 2,677,306,880

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(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 $175,632,012. The grantor trusts are considered assets of the Corporation 

subject to creditor claims.

(2)

 Bank account RBS 066002141 is no longer listed above, the account had been closed for a significant period of time prior to the Petition Date.

(3)

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

11. CASH RECEIPTS AND DISBURSEMENTS

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

2019:

(in ones)

Pacific Gas & 

Electric Company

PG&E 

Corporation

PG&E 

Corporation 

Consolidated

Beginning Cash(1)(2)$ 2,494,578,716 $ 431,000,737 $ 2,925,579,453

Total receipts(3)2,065,598,914 19,997,304 2,085,596,218

Total disbursements(3)(2,327,800,605) (6,068,186) (2,333,868,791)

DIP borrowing and repayments, net (net of fees) — — —

Total Change in Cash (262,201,691) 13,929,118 (248,272,573)

Ending Cash(1)(2)$ 2,232,377,025 $ 444,929,855 $ 2,677,306,880

(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 October 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 $ —

Cash Management —

NGX - CAISO —

Public Purpose Programs 7

Shippers / Liens —

Tax 1

Employee Wage and Benefits —

Insurance —

503(b)(9)(1) —

Total $ 8

(1)

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

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13. PAYMENTS FOR RETAINED PROFESSIONALS

The following reflects payments made to retained bankruptcy professionals during the month ended October 31, 2019.

(in ones)

Name Payment Date Total Payments for the Month

Berman And Todderud PLLP 10/19/19 $ 387,530

Coblentz Patch Duffy & Bass LLP 10/2/19, 10/10/19 and 10/21/19 358,424

Cravath Swaine & Moore LLP 10/19/19, 10/21/19 and 10/22/19 5,550,796

Development Specialists Inc. 10/7/2019 317,046

FTI Consulting Inc. 10/24/2019 1,513,175

Jenner & Block LLP 10/4/2019 444,190

Lazard Freres & Co LLC 10/4/2019 954,600

Lincoln International LP 10/17/2019, 10/21/2019 and 10/25/2019 992,103

Milbank LLP 10/31/2019 1,993,880

Munger Tolles & Olson LLP 10/7/2019 and 10/9/2019 1,777,537

Simpson Thacher & Bartlett LLP 10/3/2019 373,360

Total $ 14,662,641

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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 October 

31, 2019. 

Section 16 officers of the Corporation and/or the Utility.

(in ones) Total Payments 

for Month(1) Name Title

Melvin J. Christopher Senior Vice President, Gas Operations, Pacific Gas and Electric Company $ 66,833 (2)

Loraine M. Giammona

Senior Vice President and Chief Customer Officer, Pacific Gas and Electric 

Company 42,548

William D. Johnson Chief Executive Officer and President, PG&E Corporation 229,519 (3)

Julie M. Kane

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

General Counsel, PG&E Corporation and Pacific Gas and Electric Company 39,898

Kathleen B. Kay

Senior Vice President and Chief Information Officer, Pacific Gas and Electric 

Company 35,131

Michael A. Lewis

Senior Vice President, Electric Operations, Pacific Gas and Electric 

Company 44,167

Janet C. Loduca

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

Gas and Electric Company 48,382

Dinyar B. Mistry

Senior Vice President, Human Resources and Shared Services, PG&E 

Corporation and Pacific Gas and Electric Company 47,083

John R. Simon Executive Vice President, Law, Strategy, and Policy, PG&E Corporation 58,382

David S. Thomason

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

Electric Company

Vice President and Controller, PG&E Corporation 27,548

Andrew M. Vesey Chief Executive Officer and President, Pacific Gas and Electric Company 1,084,141 (4)

Fong Wan

Senior Vice President, Energy Policy and Procurement, Pacific Gas and 

Electric Company 35,263

Jason P. Wells Executive Vice President and Chief Financial Officer, PG&E Corporation 52,965

James M. Welsch

Senior Vice President and Chief Nuclear Officer, Pacific Gas and Electric 

Company 45,417

(1)

Payments primarily consist of salary.

(2)

Includes a lump sum payment of $31,000 for temporary assignment and an annual perquisite allowance of $2,500 due to Mr. Christopher's promotion to 

Senior Vice President on October 1, 2019.

(3)

 Includes relocation pay of $21,186 paid in October 2019.

(4)

 Includes one-time cash transition payment of $1,000,000 paid in October 2019 in accordance with the Order Pursuant to 11 U.S.C. §§ 363 and 105(a) 

Approving Terms of Employment for New Chief Executive Officer and President of Pacific Gas and Electric Company [Docket No. 4326].

Current Non-Employee Boards of Directors Members

Employee directors of the Corporation and the Utility do not receive compensation for their service on either Board and the 

committees of either Boards. Non-employee directors of the Corporation and the Utility receive annual retainers and fees for 

serving on the Boards of Directors and their respective committees, which are paid quarterly.

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The following retainers are provided to each director who was not an employee of PG&E Corporation or the Utility for service 

on the Boards and their permanent standing committees.

Board Retainer $30,000 per quarter ($120,000 annually)

PG&E Corporation Board Chair (non-executive) $25,000 per quarter ($100,000 annually)

Utility Board Chair (non-executive) $7,500 per quarter ($30,000 annually)

Lead Director Retainer $12,500 per quarter ($50,000 annually)

Committee Chair Retainers $3,750 per quarter ($15,000 annually)

Other than:

Audit: $12,500 per quarter ($50,000 annually)

Compensation: $5,000 per quarter ($20,000 annually)

Non-employee directors also were entitled to receive annual awards of stock-based compensation. However, in connection with 

the Chapter 11 Cases, equity grants were suspended unless approval is obtained from the Bankruptcy Court. On October 19, 

2019, the Debtors' joint motion with the Bankruptcy Court seeking approval of certain proposed changes to non-employee 

director compensation was approved. For more information regarding non-employee director compensation, see the 

Corporation and the Utility’s joint proxy statement filed with the Securities and Exchange Commission on May 17, 2019.

The following table summarizes the principal components of compensation paid or granted to individuals for their service as 

non-employee directors of PG&E Corporation and the Utility during the month ended October 31, 2019.

(in ones)

Name Director Since Board Committees Total Payments

Richard R. Barrera (1) April 2019 Finance (Chair); Audit; Executive $ 33,750

Jeffrey L. Bleich April 2019

Chair of the Board of the Utility; Compliance and Public 

Policy; Safety and Nuclear Oversight 37,500

Nora Mead Brownell April 2019

Chair of the Board PG&E Corporation; Executive; 

Safety and Nuclear Oversight 55,000

Frederick W. Buckman (1)(2) April 2019 Audit; Safety and Nuclear Oversight 30,000

Cheryl F. Campbell April 2019

Safety and Nuclear Oversight (Chair); Compliance and 

Public Policy 33,750

Fred J. Fowler March 2012 Finance; Safety and Nuclear Oversight 30,000

Michael J. Leffell (1) April 2019

Nominating and Governance (Chair); Compliance and 

Public Policy; Executive 33,750

Kenneth Liang April 2019 Compensation; Finance 30,000

Dominique Mielle April 2019 Audit (Chair); Executive 42,500

Meridee A. Moore April 2019

Compensation (Chair); Executive; Finance; Nominating 

and Governance 35,000

Eric D. Mullins(1)September 2016 Audit; Safety and Nuclear Oversight 30,000

Kristine M. Schmidt April 2019

Compliance and Public Policy (Chair); Executive; 

Nominating and Governance; Safety and Nuclear 

Oversight 33,750

William L. Smith (3) October 2019

Alejandro D. Wolff April 2019 Compensation; Compliance and Public Policy 30,000

John M. Woolard (3) October 2019

(1)

 Elected to participate in the Corporation's 2005 Deferred Compensation Plan for non-employee directors. In accordance with the plan, third quarter 2019 

compensation was deferred and converted into phantom stock on October 1, 2019.

(2)

 On November 12, 2019, Mr. Buckman resigned from the Boards of Directors for both the Corporation and the Utility.

(3)

On October 11, 2019, each of the Boards of Directors of the Corporation and the Utility elected William L. Smith and John M. Woolard as directors to its 

respective company, effective immediately. The Boards of the Corporation and the Utility have not determined committee assignments for Messrs. Smith 

and Woolard. 

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15. REORGANIZATION ITEMS

The following reflects reorganization items, net, post-petition through October 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 (1)214 14 228

Interest income (45) (9) (54)

Adjustments to LSTC — — —

Total reorganization items, net $ 266 $ 22 $ 288

(1)

 At October 31, 2019, the Corporation and the Utility incurred $750,315 and $1,000,620, respectively, in fees to the U.S. Trustee.

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