Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Defined Benefit Plan Disclosure [Line Items]

Reconciliation Of Changes In Plan Assets Benefit Obligations And Funded Status

Pension Plan

(in millions)	2016		2015
Change in plan assets:
Fair value of plan assets at beginning of year	$	13,745		$	14,216
Actual return on plan assets		1,358			(176)
Company contributions		334			334
Benefits and expenses paid		(708)			(629)
Fair value of plan assets at end of year	$	14,729		$	13,745
Change in benefit obligation:
Benefit obligation at beginning of year	$	16,299		$	16,696
Service cost for benefits earned		453			479
Interest cost		715			673
Actuarial (gain) loss		637			(922)
Plan amendments		(91)			1
Transitional costs		-			1
Benefits and expenses paid		(708)			(629)
Benefit obligation at end of year (1)	$	17,305		$	16,299
Funded Status:
Current liability	$	(7)		$	(6)
Noncurrent liability		(2,569)			(2,547)
Net liability at end of year	$	(2,576)		$	(2,553)

(1) PG&E Corporation’s accumulated benefit obligation was $15.6 billion and $14.7 billion at December 31, 2016 and 2015, respectively.

Postretirement Benefits Other than Pensions

(in millions)	2016		2015
Change in plan assets:
Fair value of plan assets at beginning of year	$	2,035		$	2,092
Actual return on plan assets		167			(26)
Company contributions		52			61
Plan participant contribution		85			68
Benefits and expenses paid		(166)			(160)
Fair value of plan assets at end of year	$	2,173		$	2,035
Change in benefit obligation:
Benefit obligation at beginning of year	$	1,766		$	1,811
Service cost for benefits earned		52			55
Interest cost		76			71
Actuarial (gain) loss		11			(98)
Plan amendments		37			-
Transitional costs		-			1
Benefits and expenses paid		(153)			(146)
Federal subsidy on benefits paid		3			4
Plan participant contributions		85			68
Benefit obligation at end of year	$	1,877		$	1,766
Funded Status: (1)
Noncurrent asset	$	368		$	344
Noncurrent liability		(72)			(75)
Net asset at end of year	$	296		$	269

(1) At December 31, 2016 and 2015, 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)	2016		2015			2014
Service cost	$	453		$	479		$	383
Interest cost		715			673			695
Expected return on plan assets		(828)			(873)			(807)
Amortization of prior service cost		8			15			20
Amortization of net actuarial loss		24			10			2
Net periodic benefit cost		372			304			293
Less: transfer to regulatory account (1)		(34)			34			42
Total expense recognized	$	338		$	338		$	335

(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)	2016		2015			2014
Service cost	$	52		$	55		$	45
Interest cost		76			71			76
Expected return on plan assets		(107)			(112)			(103)
Amortization of prior service cost		15			19			23
Amortization of net actuarial loss		4			4			2
Net periodic benefit cost	$	40		$	37		$	43

Estimated Amortized Net Periodic Benefit For 2012

(in millions)	Pension Plan		PBOP Plans
Unrecognized prior service cost	$	(7)	$	15
Unrecognized net loss		22		4
Total	$	15	$	19

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

	Pension Plan						PBOP Plans
	December 31,						December 31,
	2016		2015		2014		2016		2015		2014
Discount rate	4.11	%	4.37	%	4.00	%	4.05 - 4.19	%	4.27 - 4.48	%	3.89 - 4.09	%
Rate of future compensation
increases	4.00	%	4.00	%	4.00	%	-		-		-
Expected return on plan
assets	5.30	%	6.10	%	6.20	%	2.80 - 6.00	%	3.20 - 6.60	%	3.30 - 6.70	%

Schedule Of Assumed Health Care Cost Trend

The assumed health care cost trend rate as of December 31, 2016 was 7.2%, decreasing gradually to an ultimate trend rate in 2025 and beyond of approximately 4.5%.  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	$	118	$	(120)
Effect on service and interest cost		9		(10)

Target Asset Allocation Percentages

	Pension Plan								PBOP Plans
	2017		2016			2015			2017			2016			2015
Global equity	27	%		25	%		25	%		32	%		32	%		31	%
Absolute return	5	%		5	%		5	%		3	%		3	%		3	%
Real assets	10	%		10	%		10	%		7	%		7	%		8	%
Fixed income	58	%		60	%		60	%		58	%		58	%		58	%
Total	100	%		100	%		100	%		100	%		100	%		100	%

Schedule Of Changes In Fair Value Of Plan Assets

	Fair Value Measurements
	At December 31,
	2016												2015
(in millions)	Level 1			Level 2			Level 3			Total				Level 1			Level 2			Level 3			Total
Pension Plan:
Short-term investments	$	364	$		369	$		-	$		733	$			247	$		375	$		-	$		622
Global equity		996			-			-			996				903			-			-			903
Real assets		610			-			-			610				581			-			-			581
Fixed-income		1,754			4,774			5			6,533				1,841			4,495			3			6,339
Assets measured at NAV		-			-			-			5,950				-			-			-			5,308
Total	$	3,724	$		5,143	$		5	$		14,822	$			3,572	$		4,870	$		3	$		13,753
PBOP Plans:
Short-term investments	$	33	$		-	$		-	$		33	$			20	$		-	$		-	$		20
Global equity		115			-			-			115				104			-			-			104
Real assets		70			-			-			70				69			-			-			69
Fixed-income		150			656			-			806				150			632			-			782
Assets measured at NAV		-			-			-			1,153				-			-			-			1,065
Total	$	368	$		656	$		-	$		2,177	$			343	$		632	$		-	$		2,040
Total plan assets at fair value									$		16,999											$		15,793

Schedule Of Level 3 Reconciliation

The following table is a reconciliation of changes in the fair value of instruments for the pension plan that have been classified as Level 3 for the years ended December 31, 2016 and 2015:

(in millions)	Fixed-
For the year ended December 31, 2016	Income
Balance at beginning of year	$	3
Actual return on plan assets:
Relating to assets still held at the reporting date		3
Relating to assets sold during the period		-
Purchases, issuances, sales, and settlements:
Purchases		-
Settlements		(1)
Balance at end of year	$	5
(in millions)	Fixed-
For the year ended December 31, 2015	Income
Balance at beginning of year	$	12
Actual return on plan assets:
Relating to assets still held at the reporting date		(3)
Relating to assets sold during the period		1
Purchases, issuances, sales, and settlements:
Purchases		2
Settlements		(9)
Balance at end of year	$	3

Schedule Of Estimated Benefits Expected To Be Paid

	Pension		PBOP		Federal
(in millions)	Plan		Plans		Subsidy
2017	$	739	$	87	$	(8)
2018		781		93		(9)
2019		821		97		(10)
2020		857		103		(10)
2021		892		108		(11)
Thereafter in the succeeding five years		4,879		592		(15)