Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Defined Benefit Plan Disclosure [Line Items]

Reconciliation Of Changes In Plan Assets Benefit Obligations And Funded Status

Pension Plan

(in millions)	2015		2014
Change in plan assets:
Fair value of plan assets at beginning of year	$	14,216		$	12,527
Actual return on plan assets		(176)			1,946
Company contributions		334			332
Benefits and expenses paid		(629)			(589)
Fair value of plan assets at end of year	$	13,745		$	14,216

Change in benefit obligation:
Benefit obligation at beginning of year	$	16,696		$	14,077
Service cost for benefits earned		479			383
Interest cost		673			695
Actuarial (gain) loss		(922)			2,131
Plan amendments		1			(1)
Transitional costs		1			-
Benefits and expenses paid		(629)			(589)
Benefit obligation at end of year (1)	$	16,299		$	16,696

Funded Status:
Current liability	$	(6)		$	(6)
Noncurrent liability		(2,547)			(2,474)
Net liability at end of year	$	(2,553)		$	(2,480)

(1) PG&E Corporation’s accumulated benefit obligation was $14.7 billion and $14.9 billion at December 31, 2015 and 2014, respectively.

Postretirement Benefits Other than Pensions

(in millions)	2015		2014
Change in plan assets:
Fair value of plan assets at beginning of year	$	2,092		$	1,892
Actual return on plan assets		(26)			241
Company contributions		61			57
Plan participant contribution		68			63
Benefits and expenses paid		(160)			(161)
Fair value of plan assets at end of year	$	2,035		$	2,092

Change in benefit obligation:
Benefit obligation at beginning of year	$	1,811		$	1,597
Service cost for benefits earned		55			45
Interest cost		71			76
Actuarial (gain) loss		(98)			166
Transitional costs		1			-
Benefits and expenses paid		(146)			(140)
Federal subsidy on benefits paid		4			4
Plan participant contributions		68			63
Benefit obligation at end of year	$	1,766		$	1,811

Funded Status: (1)
Noncurrent asset	$	344		$	368
Noncurrent liability		(75)			(87)
Net asset at end of year	$	269		$	281

(1) At December 31, 2015 and 2014, the postretirement medical plan was in an overfunded position and the postretirement life insurance plan was in an underfunded position.

Components Of Net Periodic Benefit Cost

Pension Plan

(in millions)	2015		2014			2013
Service cost	$	479		$	383		$	468
Interest cost		673			695			627
Expected return on plan assets		(873)			(807)			(650)
Amortization of prior service cost		15			20			20
Amortization of net actuarial loss		10			2			111
Net periodic benefit cost		304			293			576
Less: transfer to regulatory account (1)		34			42			(238)
Total expense recognized	$	338		$	335		$	338

(1) The Utility recorded these amounts to a regulatory account as they are probable of recovery from customers in future rates.

Postretirement Benefits Other than Pensions

(in millions)	2015		2014			2013
Service cost	$	55		$	45		$	53
Interest cost		71			76			74
Expected return on plan assets		(112)			(103)			(79)
Amortization of prior service cost		19			23			23
Amortization of net actuarial loss		4			2			6
Net periodic benefit cost	$	37		$	43		$	77

Estimated Amortized Net Periodic Benefit For 2012


(in millions)	Pension Plan		PBOP Plans
Unrecognized prior service cost	$	8	$	15
Unrecognized net loss		24		4
Total	$	32	$	19

Schedule Of Assumptions Used In Calculating Projected Benefit Cost And Net Periodic Benefit Cost

	Pension Plan						PBOP Plans
	December 31,						December 31,
	2015		2014		2013		2015		2014		2013
Discount rate	4.37	%	4.00	%	4.89	%	4.27 - 4.48	%	3.89 - 4.09	%	4.70 - 5.00	%
Rate of future compensation
increases	4.00	%	4.00	%	4.00	%	-		-		-
Expected return on plan
assets	6.10	%	6.20	%	6.50	%	3.20 - 6.60	%	3.30 - 6.70	%	3.50 - 6.70	%

Schedule Of Assumed Health Care Cost Trend

The assumed health care cost trend rate as of December 31, 2015 was 7.2%, decreasing gradually to an ultimate trend rate in 2024 and beyond of approximately 4%. A one-percentage-point change in assumed health care cost trend rate would have the following effects:

	One-Percentage-Point		One-Percentage-Point
(in millions)	Increase		Decrease
Effect on postretirement benefit obligation	$	113	$	(114)
Effect on service and interest cost		9		(9)

Target Asset Allocation Percentages

	Pension Plan								PBOP Plans
	2016		2015			2014			2016			2015			2014
Global equity	25	%		25	%		25	%		32	%		31	%		30	%
Absolute return	5	%		5	%		5	%		3	%		3	%		3	%
Real assets	10	%		10	%		10	%		7	%		8	%		8	%
Fixed income	60	%		60	%		60	%		58	%		58	%		59	%
Total	100	%		100	%		100	%		100	%		100	%		100	%

Schedule Of Changes In Fair Value Of Plan Assets

	Fair Value Measurements
	At December 31,
	2015												2014
(in millions)	Level 1			Level 2			Level 3			Total				Level 1			Level 2			Level 3			Total
Pension Plan:
Short-term investments	$	247	$		369	$		-	$		616	$			352	$		311	$		-	$		663
Global equity		903			2,243			-			3,146				918			2,311			-			3,229
Absolute return		-			-			660			660				-			-			577			577
Real assets		581			-			753			1,334				620			-			675			1,295
Fixed-income		1,841			5,516			640			7,997				2,068			5,718			638			8,424
Total	$	3,572	$		8,128	$		2,053	$		13,753	$			3,958	$		8,340	$		1,890	$		14,188
PBOP Plans:
Short-term investments	$	20	$		-	$		-	$		20	$			28	$		-	$		-	$		28
Global equity		104			545			-			649				124			549			-			673
Absolute return		-			-			65			65				-			-			55			55
Real assets		69			-			77			146				72			-			49			121
Fixed-income		150			1,010			-			1,160				163			1,055			1			1,219
Total	$	343	$		1,555	$		142	$		2,040	$			387	$		1,604	$		105	$		2,096
Total plan assets at fair value									$		15,793											$		16,284

Schedule Of Level 3 Reconciliation

	Pension Plan
(in millions)	Absolute		Fixed-
For the year ended December 31, 2015	Return		Income		Real Assets		Total
Balance at beginning of year	$	577	$	638	$	675	$	1,890
Actual return on plan assets:
Relating to assets still held at the reporting date		(7)		9		63		65
Relating to assets sold during the period		-		1		-		1
Purchases, issuances, sales, and settlements:
Purchases		90		2		17		109
Settlements		-		(10)		(2)		(12)
Balance at end of year	$	660	$	640	$	753	$	2,053

	Pension Plan
(in millions)	Absolute		Fixed-
For the year ended December 31, 2014	Return		Income		Real Assets		Total
Balance at beginning of year	$	554	$	625	$	544	$	1,723
Actual return on plan assets:
Relating to assets still held at the reporting date		23		24		54		101
Relating to assets sold during the period		-		4		-		4
Purchases, issuances, sales, and settlements:
Purchases		-		1		78		79
Settlements		-		(16)		(1)		(17)
Balance at end of year	$	577	$	638	$	675	$	1,890

	PBOP Plans
(in millions)	Absolute			Fixed-
For the year ended December 31, 2015	Return			Income			Real Assets			Total
Balance at beginning of year	$	55	$		1	$		49	$		105
Actual return on plan assets:
Relating to assets still held at the reporting date		(1)			-			5			4
Relating to assets sold during the period		-			-			-			-
Purchases, issuances, sales, and settlements:
Purchases		11			-			23			34
Settlements		-			(1)			-			(1)
Balance at end of year	$	65	$		-	$		77	$		142

	PBOP Plans
(in millions)	Absolute			Fixed-
For the year ended December 31, 2014	Return			Income			Real Assets			Total
Balance at beginning of year	$	53	$		2	$		38	$		93
Actual return on plan assets:
Relating to assets still held at the reporting date		2			-			4			6
Relating to assets sold during the period		-			-			-			-
Purchases, issuances, sales, and settlements:
Purchases		-			-			7			7
Settlements		-			(1)			-			(1)
Balance at end of year	$	55	$		1	$		49	$		105

Schedule Of Estimated Benefits Expected To Be Paid

	Pension		PBOP			Federal
(in millions)	Plan		Plans			Subsidy
2016	$	695		$	89		$	(6)
2017		739			95			(7)
2018		780			101			(7)
2019		818			107			(8)
2020		854			113			(8)
Thereafter in the succeeding five years		4,728			593			(17)