Equity

9 Months Ended

Sep. 30, 2016

Equity

NOTE 5: EQUITY

PG&E Corporation’s and the Utility’s changes in equity for the nine months ended September 30,2016were as follows:

	PG&E Corporation		Utility
	Total		Total
(in millions)	Equity		Shareholders' Equity
Balance at December 31, 2015	$	16,828	$	17,060
Comprehensive income		711		707
Equity contributions		-		740
Common stock issued		742		-
Share-based compensation		59		-
Common stock dividends declared		(724)		(667)
Preferred stock dividend requirement		-		(10)
Preferred stock dividend requirement of subsidiary		(10)		-
Balance at September 30, 2016	$	17,606	$	17,830

During the three and nine months ended September 30, 2016, PG&E Corporation sold 0.4 million and 2.6 million shares of its common stock under the February 2015 equity distribution agreement for cash proceeds of $26 million and $149 million, respectively, net of commissions paid of $0.2 million and $1.3 million, respectively. As of September 30, 2016, the remaining gross sales available under this agreement were $275 million.

In August 2016, PG&E Corporation sold 4.9 million shares of its common stock in an underwritten public offering for net cash proceeds of $309 million.

PG&E Corporation also 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 ninemonths ended September 30,2016, 5.7 million shares were issued for cash proceeds of $269 million under these plans.