Equity

6 Months Ended

Jun. 30, 2015

Equity

NOTE 5: EQUITY

PG&E Corporation’s and the Utility’s changes in equity for the six months ended June 30,2015were as follows:

	PG&E Corporation		Utility
	Total		Total
(in millions)	Equity		Shareholders' Equity
Balance at December 31, 2014	$	16,000	$	16,229
Comprehensive income		423		410
Equity contributions		-		185
Common stock issued		262		-
Share-based compensation		34		4
Common stock dividends declared		(441)		(358)
Preferred stock dividend requirement		-		(7)
Preferred stock dividend requirement of subsidiary		(7)		-
Balance at June 30, 2015	$	16,271	$	16,463

In February 2015, PG&E Corporation entered into a new equity distribution agreement providing for the sale of PG&E Corporation common stock having an aggregate gross sales price of up to $500 million.  In the first quarter of 2015, PG&E Corporation sold 1.4 million shares under this agreement for cash proceeds of $74 million, net of commissions paid of $1 million. No shares were sold during the three months ended June 30,2015.

PG&E Corporation issued common stock under the PG&E Corporation 401(k) plan, the Dividend Reinvestment and Stock Purchase Plan, and share-based compensation plans.  During the sixmonths ended June 30,2015, 4.3 million shares were issued for cash proceeds of $178 million under these plans.