Equity (Notes)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Equity

EQUITY

The activity in equity during the nine months ended September 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	133,875	1		—			—			1
Stock-based compensation	—	2		—			—			2
Dividends declared	—	—		—			(84		)	(84		)
Other comprehensive income	—	—		1			—			1
Net income	—	—		—			132			132
Balances as of September 30, 2016	88,926,626	$	1,199	$	(7	)	$	1,118		$	2,310
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	143,833	1		—			—			1
Stock-based compensation	—	3		—			—			3
Dividends declared	—	—		—			(75		)	(75		)
Net income	—	—		—			121			121
Balances as of September 30, 2015	88,772,172	$	1,193	$	(7	)	$	1,046		$	2,232

During 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.