Schedule I - Condensed Financial Information Of Parent (Tables)

12 Months Ended

Dec. 31, 2011

Schedule I - Condensed Financial Information Of Parent [Abstract]

Schedule Of Condensed Stements of Income

		september 30		september 30		september 30
	Year Ended December 31,
	2011		2010		2009
Administrative service revenue		$  44		$  53		$  59
Operating expenses		(44)		(55)		(61)
Interest income		1		1		1
Interest expense		(22)		(35)		(43)
Other income (expense)		(17)		4		11
Equity in earnings of subsidiaries		852		1,105		1,231
Income before income taxes		814		1,073		1,198
Income tax benefit		30		26		22
Income Available for Common Shareholders		$  844		$  1,099		$  1,220
Weighted average common shares outstanding, basic		401		382		368
Weighted average common shares outstanding, diluted		402		392		386
Earnings per common share, basic		$  2.10		$  2.86		$  3.25
Earnings per common share, diluted		$  2.10		$  2.82		$  3.20

Schedule Of Condensed Balance Sheet

		september 30		september 30
	Balance at December 31,
	2011		2010
ASSETS
Current Assets
Cash and cash equivalents		$  209		$  240
Advances to affiliates		18		25
Income taxes receivable		8		1
Deferred income taxes		4		5
Total current assets		239		271
Noncurrent Assets
Equipment		14		14
Accumulated depreciation		(14)		(14)
Net equipment		–		–
Investments in subsidiaries		12,378		11,618
Other investments		94		89
Income taxes receivable		2		–
Deferred income taxes		143		116
Other		2		2
Total noncurrent assets		12,619		11,825
Total Assets		$  12,858		$  12,096
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable – related parties		$  –		$  106
Accounts payable – other		21		3
Income taxes payable		57		1
Other		208		213
Total current liabilities		286		323
Noncurrent Liabilities
Long-term debt		349		349
Income taxes payable		3		48
Other		119		94
Total noncurrent liabilities		471		491
Common Shareholders' Equity
Common stock		7,602		6,878
Reinvested earnings		4,712		4,606
Accumulated other comprehensive loss		(213)		(202)
Total common shareholders' equity		12,101		11,282
Total Liabilities and Shareholders' Equity		$  12,858		$  12,096

Schedule Of Condensed Statement Of Cash Flows

	september 30		september 30		september 30		september 30
		Year Ended December 31,
		2011		2010		2009
Cash Flows from Operating Activities:
Net income		$	844	$	1,099	$	1,220
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			36		38		20
Equity in earnings of subsidiaries			(852)		(1,105)		(1,231)
Deferred income taxes and tax credits, net			(26)		19		–
Noncurrent income taxes receivable/payable			(47)		34		(9)
Current income taxes receivable/payable			49		(1)		148
Other			(80)		(50)		(13)
Net cash provided by (used in) operating activities			(76)		34		135
Cash Flows From Investing Activities:
Investment in subsidiaries			(759)		(347)		(721)
Dividends received from subsidiaries(1)			716		716		624
Proceeds from tax equity investments			129		7		–
Other			–		(4)		10
Net cash provided by (used in) investing activities			86		372		(87)
Cash Flows From Financing Activities:
Borrowings under revolving credit facilities			150		90		–
Repayments under revolving credit facilities			(150)		(90)		–
Proceeds from issuance of long-term debt, net of discount and issuance costs of $2 in 2009			–		–		348
Common stock issued			662		303		219
Common stock dividends paid(2)			(704)		(662)		(590)
Other			1		–		1
Net cash used in financing activities			(41)		(359)		(22)
Net change in cash and cash equivalents			(31)		47		26
Cash and cash equivalents at January 1			240		193		167
Cash and cash equivalents at December 31		$	209	$	240	$	193

⁽¹⁾  Because of its nature as a holding company, PG&E Corporation classifies dividends received from subsidiaries as an investing cash flow.

⁽²⁾  On January 15, April 15, July 15, October 15, 2011, PG&E Corporation paid quarterly common stock dividends of $0.455 per share.

On January 15, 2010, PG&E Corporation paid a quarterly common stock dividend of $0.42 per share. On April 15, July 15, and October 15, 2010, PG&E Corporation paid quarterly common stock dividends of $0.455 per share.

On January 15, 2009, PG&E Corporation paid a quarterly common stock dividend of $0.39 per share. On April 15, July 15, and October 15, 2009, PG&E Corporation paid quarterly common stock dividends of $0.42 per share.