• Pacific Gas & Electric average return on tangible equity for 2023 was 8.4, a 83.41% increase from 2022.
• Pacific Gas & Electric average return on tangible equity for 2022 was 4.58, a 334.87% increase from 2021.
• Pacific Gas & Electric average return on tangible equity for 2021 was -1.95, a 97.2% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.