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PG & E Corporation . PG & E Investor Relations Contact : 415.972.7080 | Media Inquiries Contact : 415.973.5930 | www.pgecorp.com November 1 , 2021 PG & E Corporation Reports Third - Quarter 2021 Financial Results Recorded GAAP losses were $ 0.55 per share for the third quarter of 2021 , compared to earnings of $ 0.04 per share for the same period in 2020 . Non - GAAP core earnings were $ 0.24 per share for the third quarter of 2021 , compared to $ 0.22 per share for the same period in 2020 . 2021 EPS guidance adjusted for GAAP earnings to a range of $ ( 0.12 ) to $ 0.07 and reaffirmed non - GAAP core earnings of $ 0.95 to $ 1.05 per share . SAN FRANCISCO — PG & E Corporation ( NYSE : PCG ) recorded third - quarter 2021 losses attributable to common shareholders of $ 1,091 million , or $ 0.55 per share , as reported in accordance with generally accepted accounting principles ( GAAP ) . This compares with income available for common shareholders of $ 83 million , or $ 0.04 per share , for the third quarter of 2020 . GAAP results include non - core items that management does not consider representative of ongoing earnings , which totaled $ 1,570 million after tax , or $ 0.79 per share , for the quarter . These results were primarily driven by costs related to the 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 ) , amortization of wildfire insurance fund contributions under Assembly Bill ( AB ) 1054 , prior period net regulatory recoveries , investigation remedies , and 2019-2020 wildfire - related costs . " Our leadership team is implementing the necessary systems and processes to run a high performing utility - over both the short and long term - that will produce triple bottom - line results for people , the planet , and California's prosperity , " said Patti Poppe , CEO of PG & E Corporation . " As part of this , we continue to deliver on our wildfire mitigation commitments while initiating bold new actions to reduce risk across our electric system , including : undergrounding power lines , calibrating the sensitivity of our automatic shutoff equipment , and executing more vegetation management . " Non - GAAP Core Earnings PG & E Corporation's non - GAAP core earnings , which exclude non - core items , were $ 479 million , or $ 0.24 per share , in the third quarter of 2021 , compared with $ 461 million , or $ 0.22 per share , during the same period in 2020 . The increase in quarter - over - quarter non - GAAP core earnings per share was primarily driven by the growth in rate base earnings , the change in shares , and wildfire mitigation costs above authorized , partially offset by the timing of taxes .