Equity (Notes)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Equity

EQUITY

The activity in equity during the six months ended June 30, 2016 and 2015 is as follows (dollars in millions):

	Common Stock			Accumulated Other Comprehensive Loss			Retained Earnings
	Shares	Amount								Total
Balances as of December 31, 2015	88,792,751	$	1,196	$	(8	)	$	1,070		$	2,258
Issuances of shares pursuant to equity-based plans	128,005	1		—			—			1
Stock-based compensation	—	1		—			—			1
Dividends declared	—	—		—			(55		)	(55		)
Net income	—	—		—			98			98
Balances as of June 30, 2016	88,920,756	$	1,198	$	(8	)	$	1,113		$	2,303
Balances as of December 31, 2014	78,228,339	$	918	$	(7	)	$	1,000		$	1,911
Issuances of common stock, net of issuance costs of $12	10,400,000	271		—			—			271
Issuances of shares pursuant to equity-based plans	137,290	1		—			—			1
Stock-based compensation	—	1		—			—			1
Dividends declared	—	—		—			(48		)	(48		)
Net income	—	—		—			85			85
Balances as of June 30, 2015	88,765,629	$	1,191	$	(7	)	$	1,037		$	2,221

During the second quarter of 2015, PGE physically settled in full an equity forward sale agreement, with the issuance of 10,400,000 shares of common stock in exchange for net proceeds of $271 million.