Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt [Abstract]

Schedule Of Long-Term Debt

	December 31,
(in millions)	2014			2013
PG&E Corporation
Senior notes, 5.75%, due 2014		-			350
Senior notes, 2.40%, due 2019		350			-
Less: current portion		-			(350	)
Total senior notes		350			-
Total PG&E Corporation long-term debt		350			-
Utility
Senior notes:
4.80% due 2014		-			539
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			375
3.85% due 2023		300			300
3.40% due 2024		350			-
3.75% due 2024		450			-
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			375
5.125% due 2043		500			500
4.75% due 2044		675			-
4.30% due 2045		500			-
Less: current portion		-			(539	)
Unamortized discount, net of premium		(43	)		(51	)
Total senior notes, net of current portion		13,432			11,449
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 (1), due 2016 and 2026 (4)		309			309
Total pollution control bonds		1,268			1,268
Total Utility long-term debt, net of current portion		14,700			12,717
Total consolidated long-term debt, net of current portion	$	15,050		$	12,717

⁽¹⁾ At December 31, 2014, interest rates on these bonds and the related loans ranged from 0.01% to 0.02%.

⁽²⁾ Each series of these bonds is supported by a separate letter of credit.  In April 2014, the letters of credit were extended to April 1, 2019.  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⁾ Each series of these bonds is supported by a separate direct-pay letter of credit.  In June 2014, Series A and B letters of credit were extended to June 5, 2019.  Series C and D letters expire on 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 Short-Term Borrowings

					Letters of
	Termination	Facility			Credit		Commercial		Facility
(in millions)	Date	Limit			Outstanding		Paper		Availability
PG&E Corporation	April 2019	$	300	(1)	$	-	$	-	$	300
Utility	April 2019		3,000	(2)		84		333		2,583
Total revolving credit facilities		$	3,300		$	84	$	333	$	2,883

⁽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.

Schedule Of Repayment Schedule

(in millions,
except interest rates)	2015		2016				2017				2018				2019			Thereafter				Total
PG&E Corporation
Average fixed interest rate		-			-				-				-			2.40	%			-				2.40	%
Fixed rate obligations	$	-		$	-			$	-			$	-		$	350			$	-			$	350
Utility
Average fixed interest rate		-			-				5.63	%			8.25	%		-				4.92	%			5.15	%
Fixed rate obligations	$	-		$	-			$	700			$	800		$	-			$	12,320			$	13,820
Variable interest rate
as of December 31, 2014		-			0.01	%			-				-			0.01	%			-				0.01	%
Variable rate obligations (1)	$	-		$	160			$	-			$	-		$	763			$	-			$	923
Total consolidated debt	$	-		$	160			$	700			$	800		$	1,113			$	12,320			$	15,093

 ⁽¹⁾ These bonds, due in 2016 and 2026, are backed by separate letters of credit that expire on December 3, 2016, April 1, 2019, or June 5, 2019.