Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt [Abstract]

Schedule Of Long-Term Debt

	December 31,
(in millions)	2012		2011
PG&E Corporation
Senior notes, 5.75%, due 2014		350		350
Unamortized discount		-		(1)
Total senior notes		350		349
Total PG&E Corporation long-term debt		350		349
Utility
Senior notes:
6.25% due 2013		400		400
4.80% due 2014		1,000		1,000
5.625% due 2017		700		700
8.25% due 2018		800		800
3.50% due 2020		800		800
4.25% due 2021		300		300
3.25% due 2021		250		250
2.45% due 2022		400		-
6.05% due 2034		3,000		3,000
5.80% due 2037		950		950
6.35% due 2038		400		400
6.25% due 2039		550		550
5.40% due 2040		800		800
4.50% due 2041		250		250
4.45% due 2042		400		-
3.75% due 2042		350		-
Less: current portion		(400)		-
Unamortized discount, net of premium		(51)		(51)
Total senior notes, net of current portion		10,899		10,149
Pollution control bonds:
Series 1996 C, E, F, 1997 B, variable rates (1), due 2026 (2)		614		614
Series 2004 A-D, 4.75%, due 2023 (3)		345		345
Series 2009 A-D, variable rates (4), due 2016 and 2026 (5)		309		309
Series 2010 E, 2.25%, due 2026 (6)		-		50
Less: current portion		-		(50)
Total pollution control bonds		1,268		1,268
Total Utility long-term debt, net of current portion		12,167		11,417
Total consolidated long-term debt, net of current portion	$	12,517	$	11,766

 ⁽¹⁾  At December 31, 2012, interest rates on these bonds and the related loans ranged from 0.10% to 0.14%.

⁽²⁾  Each series of these bonds is supported by a separate letter of credit that expires on May 31, 2016. Although the stated maturity date is 2026, each series will remain outstanding only if the Utility extends or replaces the letter of credit related to the series or otherwise obtains consent from the issuer to the continuation of the series without a credit facility.

⁽³⁾ The Utility has obtained credit support from an insurance company for these bonds.

⁽⁴⁾ At December 31, 2012, interest rates on these bonds and the related loans ranged from 0.05% to 0.11%.

⁽⁵⁾ Each series of these bonds is supported by a separate direct-pay letter of credit that expires on May 31, 2016.  Subject to certain requirements, the Utility may choose not to provide a credit facility without issuer consent.

⁽⁶⁾ These bonds bore interest at 2.25% per year through April 1, 2012; and were subject to mandatory tender on April 2, 2012.  The Utility repurchased these bonds on April 2, 2012 and continues to hold them.

Schedule Of Long-Term Debt Repayments

(in millions,
except interest rates)	2013			2014				2015			2016				2017			Thereafter				Total
PG&E Corporation
Average fixed interest rate		-				5.75	%			-			-			-				-				5.75	%
Fixed rate obligations	$	-			$	350			$	-		$	-		$	-			$	-			$	350
Utility
Average fixed interest rate		6.25	%			4.80	%			-			-			5.63	%			5.45	%			5.43	%
Fixed rate obligations	$	400			$	1,000			$	-		$	-		$	700			$	9,595			$	11,695
Variable interest rate
as of December 31, 2012		-				-				-			0.11	%		-				-				0.11	%
Variable rate obligations	$	-			$	-			$	-		$	923	(1	)	-			$	-			$	923
Total consolidated debt	$	400			$	1,350			$	-		$	923		$	700			$	9,595			$	12,968

 ⁽¹⁾ These bonds, due in 2016 and 2026, are backed by letters of credit that expire on May 31, 2016.

Schedule Of Line Of Credit

						Letters of
	Termination	Facility				Credit				Commercial				Facility
(in millions)	Date	Limit				Outstanding		Borrowings		Paper				Availability
PG&E Corporation	May 2016	$	300	(1	)	$	-	$	120	$	-			$	180
Utility	May 2016		3,000	(2	)		266		-		370	(3	)		2,364	(3	)
Total revolving credit facilities		$	3,300			$	266	$	120	$	370			$	2,544

 ⁽¹⁾ Includes a $100 million sublimit for letters of credit and a $100 million commitment for loans that are made available on a same-day basis and are repayable in full within 7 days.

⁽²⁾ Includes a $1.0 billion sublimit for letters of credit and a $300 million commitment for loans that are made available on a same-day basis and are repayable in full within 7 days.

⁽³⁾ The Utility treats the amount of its outstanding commercial paper as a reduction to the amount available under its revolving credit facility.