Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt [Abstract]

Schedule Of Long-Term Debt

	December 31,
(in millions)	2015		2014
PG&E Corporation
Senior notes, 2.40%, due 2019		350		350
Total PG&E Corporation long-term debt		350		350
Utility
Senior notes:
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		350
3.75% due 2024		450		450
3.50% due 2025		600		-
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		675
4.30% due 2045		600		500
4.25% due 2046		450		-
Unamortized discount, net of premium		(53)		(43)
Total senior notes, net of current portion		14,572		13,432
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
Less: current portion		(160)		-
Total pollution control bonds		1,108		1,268
Total Utility long-term debt, net of current portion		15,680		14,700
Total consolidated long-term debt, net of current portion	$	16,030	$	15,050

(1) At December 31, 2015, interest rates on these bonds were 0.01%.

(2) Each series of these bonds is supported by a separate letter of credit.  In December 2015, the letters of credit were extended to December 1, 2020.  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. Series C and D letters of credit 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

		Credit			Letters of			Commercial
	Termination	Facility			Credit			Paper			Facility
(in millions)	Date	Limit			Outstanding			Outstanding			Availability
PG&E Corporation	April 2020	$	300	(1)		$	-		$	-		$	300
Utility	April 2020		3,000	(2)			33			1,019			1,948
Total revolving credit facilities		$	3,300			$	33		$	1,019		$	2,248

(1) Includes a $50 million lender commitment to the letter of credit sublimits and a $100 million commitment for “swingline” loans defined as loans that are made available on a same-day basis and are repayable in full within 7 days.

(2) Includes a $500 million lender commitment to the letter of credit sublimits and a $75 million commitment for swingline loans.

Schedule Of Repayment Schedule

(in millions,
except interest rates)	2016			2017				2018				2019				2020				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	%			-				3.50	%			4.91	%			5.05
Fixed rate obligations	$	-			$	700			$	800			$	-			$	800			$	12,670			$	14,970
Variable interest rate
as of December 31, 2015		0.01	%			-				-				0.01	%			0.01	%			-				0.01
Variable rate obligations (1)	$	160			$	-			$	-			$	149			$	614			$	-			$	923
Total consolidated debt	$	160			$	700			$	800			$	499			$	1,414			$	12,670			$	16,243

(1) These bonds, due in 2016 and 2026, are backed by separate letters of credit that expire on December 3, 2016, June 5, 2019, or December 1, 2020.