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PG & E Corporation . PG & E Investor Relations Contact : 415.972.7080 | Media Inquiries Contact : 415.973.5930 | www.pgecorp.com July 29 , 2021 ● ● PG & E Corporation Reports Second - Quarter 2021 Financial Results Recorded GAAP earnings were $ 0.18 per share for the second quarter of 2021 , compared to losses of $ 3.73 per share for the same period in 2020 . Non - GAAP core earnings were $ 0.27 per share for the second quarter of 2021 , compared to $ 1.03 per share for the same period in 2020 . 2021 EPS guidance adjusted for GAAP earnings to a range of $ 0.01 to $ 0.15 and reaffirmed non - GAAP core earnings of $ 0.95 to $ 1.05 per share . SAN FRANCISCO — PG & E Corporation ( NYSE : PCG ) recorded second - quarter 2021 income available for common shareholders of $ 397 million , or $ 0.18 per share , as reported in accordance with generally accepted accounting principles ( GAAP ) . This compares with losses attributable to common shareholders of $ 1,972 million , or $ 3.73 per share , for the second quarter of 2020 . GAAP results include non - core items that management does not consider representative of ongoing earnings , which totaled $ 178 million after tax , or $ 0.08 per share , for the quarter . These results were primarily driven by costs related to the amortization of wildfire insurance fund contributions under Assembly Bill ( AB ) 1054 , investigation remedies , PG & E Corporation's and Pacific Gas and Electric Company's ( Utility ) reorganization cases under Chapter 11 of the U.S. Bankruptcy Code ( Chapter 11 ) , 2019-2020 wildfire - related costs , and prior period net regulatory recoveries . " Every day , we are doing the right work to reduce risk , improve our operations , and strengthen our financial health , " said Patti Poppe , CEO of PG & E Corporation . " Our five - year roadmap includes key system enhancements , safety improvements , and customer - oriented solutions that support PG & E's triple - bottom - line focus on people , the planet , and California's prosperity . " Non - GAAP Core Earnings PG & E Corporation's non - GAAP core earnings , which exclude non - core items , were $ 575 million , or $ 0.27 per share , in the second quarter of 2021 , compared with $ 542 million , or $ 1.03 per share , during the same period in 2020 . The decrease in quarter - over - quarter non - GAAP core earnings per share was primarily driven the increase in shares outstanding , unrecoverable interest expense , the timing of taxes , and the timing of nuclear refueling outages , partially offset by the growth in rate base earnings and wildfire mitigation costs above authorized .