Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt [Abstract]

Schedule Of Long-Term Debt

	December 31,
(in millions)	2013			2012
PG&E Corporation
Senior notes, 5.75%, due 2014		350			350
Less: current portion		(350	)		-
Total senior notes		-			350
Total PG&E Corporation long-term debt		-			350
Utility
Senior notes:
6.25% due 2013		-			400
4.80% due 2014		539			1,000
5.625% due 2017		700			700
8.25% due 2018		800			800
3.50% due 2020		800			800
4.25% due 2021		300			300
3.25% due 2021		250			250
2.45% due 2022		400			400
3.25% due 2023		375			-
3.85% due 2023		300			-
6.05% due 2034		3,000			3,000
5.80% due 2037		950			950
6.35% due 2038		400			400
6.25% due 2039		550			550
5.40% due 2040		800			800
4.50% due 2041		250			250
4.45% due 2042		400			400
3.75% due 2042		350			350
4.60% due 2043		375			-
5.125% due 2043		500			-
Less: current portion		(539	)		(400	)
Unamortized discount, net of premium		(51	)		(51	)
Total senior notes, net of current portion		11,449			10,899
Pollution control bonds:
Series 1996 C, E, F, 1997 B, variable rates (1), due 2026 (2)		614			614
Series 2004 A-D, 4.75%, due 2023 (3)		345			345
Series 2009 A-D, variable rates (4), due 2016 and 2026 (5)		309			309
Total pollution control bonds		1,268			1,268
Total Utility long-term debt, net of current portion		12,717			12,167
Total consolidated long-term debt, net of current portion	$	12,717		$	12,517

⁽¹⁾  At December 31, 2013, interest rates on these bonds and the related loans ranged from 0.01% to 0.04%.

⁽²⁾  Each series of these bonds is supported by a separate letter of credit.  In April 2013, the letters of credit were extended to April 1, 2018.  Although the stated maturity date is 2026, each series will remain outstanding only if the Utility extends or replaces the letter of credit related to the series or otherwise obtains consent from the issuer to the continuation of the series without a credit facility.

⁽³⁾ The Utility has obtained credit support from an insurance company for these bonds.

⁽⁴⁾ At December 31, 2013, interest rates on these bonds and the related loans ranged from 0.01% to 0.02%.

⁽⁵⁾ Each series of these bonds is supported by a separate direct-pay letter of credit.  Series A and B letters of credit expire on May 31, 2016.  In October 2013, Series C and D letters of credit were extended to December 3, 2016 to coincide with the maturity of the underlying bonds.  Subject to certain requirements, the Utility may choose not to provide a credit facility without issuer consent.

Schedule Of Long-Term Debt Repayments

(in millions,
except interest rates)	2014			2015			2016				2017				2018			Thereafter				Total
PG&E Corporation
Average fixed interest rate		5.75	%			-			-				-			-				-				5.75	%
Fixed rate obligations	$	350			$	-		$	-			$	-		$	-			$	-			$	350
Utility
Average fixed interest rate		4.80	%			-			-				5.63	%		8.25	%			5.06	%			5.29	%
Fixed rate obligations	$	539			$	-		$	-			$	700		$	800			$	10,345			$	12,384
Variable interest rate
as of December 31, 2013		-				-			0.02	%			-			0.02	%			-				0.02	%
Variable rate obligations (1)	$	-			$	-		$	309			$	-		$	614			$	-			$	923
Total consolidated debt	$	889			$	-		$	309			$	700		$	1,414			$	10,345			$	13,657

 ⁽¹⁾ These bonds, due in 2016 and 2026, are backed by separate letters of credit that expire on May 31, 2016, December 3, 2016, or April 1, 2018.

Schedule Of Line Of Credit

					Letters of
	Termination	Facility			Credit				Commercial			Facility
(in millions)	Date	Limit			Outstanding		Borrowings		Paper			Availability
PG&E Corporation	April 2018	$	300	(1)	$		$	260	$	-		$	40
Utility	April 2018		3,000	(2)		79		-		914	(3)		2,007	(3)
Total revolving credit facilities		$	3,300		$	79	$	260	$	914		$	2,047

⁽¹⁾ Includes a $100 million sublimit for letters of credit and a $100 million commitment for loans that are made available on a same-day basis and are repayable in full within 7 days.

⁽²⁾ Includes a $1.0 billion sublimit for letters of credit and a $300 million commitment for loans that are made available on a same-day basis and are repayable in full within 7 days.

⁽³⁾ The Utility treats the amount of its outstanding commercial paper as a reduction to the amount available under its revolving credit facility.