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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]  
Reconciliation Of Changes In Plan Assets Benefit Obligations And Funded Status
 
(in millions) Pension Benefits
2012
 
2011
Change in plan assets:
 
 
 
Fair value of plan assets at January 1
$
10,993      
      
$
10,250      
Actual return on plan assets
      
1,488      
      
      
1,016      
Company contributions
      
282      
      
      
230      
Benefits and expenses paid
      
(622)      
      
      
(503)      
Fair value of plan assets at December 31
$
12,141      
      
$
10,993      
 
      
      
      
      
      
Change in benefit obligation:
      
      
      
      
      
Projected benefit obligation at January 1
$
14,000      
      
$
12,071      
Service cost for benefits earned
      
396      
      
      
320      
Interest cost
      
658      
      
      
660      
Actuarial loss
      
1,099      
      
      
1,450      
Plan amendments
      
9      
      
      
-      
Transitional costs
      
1      
      
      
2      
Benefits and expenses paid
      
(622)      
      
      
(503)      
Projected benefit obligation at December 31 (1)
$
15,541      
      
$
14,000      
 
      
      
      
      
      
Funded status:
      
      
      
      
      
Current liability
$
(6)      
      
$
(5)      
Noncurrent liability
      
(3,394)      
      
      
(3,002)      
Accrued benefit cost at December 31
$
(3,400)      
      
$
(3,007)      
 
 
 
 
 
 
 (1) PG&E Corporation's accumulated benefit obligation was $13,778 million and $12,285 million at December 31, 2012 and 2011, respectively.
 
 
(in millions) Other Benefits
2012
 
2011
Change in plan assets:
 
 
 
 
 
Fair value of plan assets at January 1
$
1,491      
      
$
1,337      
Actual return on plan assets
      
191      
      
      
95      
Company contributions
      
149      
      
      
137      
Plan participant contribution
      
55      
      
      
52      
Benefits and expenses paid
      
(128)      
      
      
(130)      
Fair value of plan assets at December 31
$
1,758      
      
$
1,491      
 
      
      
      
      
      
Change in benefit obligation:
      
      
      
      
      
Benefit obligation at January 1
$
1,885      
      
$
1,755      
Service cost for benefits earned
      
49      
      
      
42      
Interest cost
      
83      
      
      
91      
Actuarial loss
      
(23)      
      
      
63      
Plan amendments
      
5      
      
      
-      
Benefits paid
      
(119)      
      
      
(130)      
Federal subsidy on benefits paid
      
5      
      
      
12      
Plan participant contributions
      
55      
      
      
52      
Benefit obligation at December 31
$
1,940      
      
$
1,885      
 
      
      
      
      
      
Funded status:
      
      
      
      
      
Noncurrent liability
$
(181)      
      
$
(394)      
Accrued benefit cost at December 31
$
(181)      
      
$
(394)      
Components Of Net Periodic Benefit Cost
 
(in millions) Pension Benefits
2012
 
2011
 
2010
Service cost for benefits earned
$
396      
      
$
320      
      
$
279      
Interest cost
      
658      
      
      
660      
      
      
645      
Expected return on plan assets
      
(598)      
      
      
(669)      
      
      
(624)      
Amortization of prior service cost
      
20      
      
      
34      
      
      
53      
Amortization of unrecognized loss
      
123      
      
      
50      
      
      
44      
Net periodic benefit cost
      
599      
      
      
395      
      
      
397      
Less: transfer to regulatory account (1)
      
(301)      
      
      
(139)      
      
      
(233)      
Total
$
298      
      
$
256      
      
$
164      
 
 
 
 
 
 
 
 
 
 (1) The Utility recorded $301 million, $139 million, and $233 million for the years ended December 31, 2012, 2011, and 2010, respectively, to a regulatory account as the amounts are probable of recovery from customers in future rates
 
 
(in millions) Other Benefits
2012
 
2011
 
2010
Service cost for benefits earned
$
49      
      
$
42      
      
$
36      
Interest cost
      
83      
      
      
91      
      
      
88      
Expected return on plan assets
      
(77)      
      
      
(82)      
      
      
(74)      
Amortization of transition obligation
      
24      
      
      
26      
      
      
26      
Amortization of prior service cost
      
25      
      
      
27      
      
      
25      
Amortization of unrecognized loss (gain)
      
6      
      
      
4      
      
      
3      
Net periodic benefit cost
$
110      
      
$
108      
      
$
104      
Estimated Amortized Net Periodic Benefit For 2012
(in millions) Pension Benefit
 
Unrecognized prior service cost
$
20
Unrecognized net loss
      
110
Total
$
130
 (in millions) Other Benefits
 
 
Unrecognized prior service cost
$
24      
Unrecognized net loss
      
6      
Total
$
30      
Schedule Of Assumptions Used In Calculating Projected Benefit Cost And Net Periodic Benefit Cost
 
Pension Benefits
 
Other Benefits
 
December 31,
 
December 31,
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Discount rate
3.98      
%
 
4.66      
%
 
5.42      
%
 
3.75 - 4.08      
%
 
4.41 - 4.77      
%
 
5.11 - 5.56      
%
Average rate of future
      
 
 
      
 
 
      
 
 
      
 
 
      
 
 
      
 
compensation increases
4.00      
%
 
5.00      
%
 
5.00      
%
 
-      
      
      
-      
      
      
-      
 
Expected return on plan assets
5.40      
%
 
5.50      
%
 
6.60      
%
 
2.90 - 6.10      
%
 
4.40 - 5.50      
%
 
5.20 - 6.60      
%
Schedule Of Assumed Health Care Cost Trend
 
One-
 
One-
 
Percentage-
 
Percentage-
 
Point
 
Point
(in millions)
Increase
 
Decrease
Effect on postretirement benefit obligation
$
108      
      
$
(111)      
Effect on service and interest cost
      
8      
      
      
(8)      
Target Asset Allocation Percentages
 
Pension Benefits
 
Other Benefits
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Global equity securities
25      
%
      
35      
%
      
5      
%
      
28      
%
      
38      
%
      
3      
%
U.S. equity securities
-      
%
      
-      
%
      
26      
%
      
-      
%
      
-      
%
      
28      
%
Non-U.S. equity securities
-      
%
      
-      
%
      
14      
%
      
-      
%
      
-      
%
      
15      
%
Absolute return
5      
%
      
5      
%
      
5      
%
      
4      
%
      
4      
%
      
4      
%
Real assets
10      
%
      
10      
%
      
-      
%
      
8      
%
      
8      
%
      
-      
%
Extended fixed-income securities
3      
%
      
3      
%
      
-      
%
      
-      
%
      
-      
%
      
-      
%
Fixed-income securities
57      
%
      
47      
%
      
50      
%
      
60      
%
      
50      
%
      
50      
%
Total
100      
%
      
100      
%
      
100      
%
      
100      
%
      
100      
%
      
100      
%
Schedule Of Changes In Fair Value Of Plan Assets
 
Fair Value Measurements
 
At December 31,
 
2012
 
2011
(in millions)
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Pension Benefits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market investments
$
112      
      
$
-      
      
$
-      
      
$
112      
      
$
51      
      
$
-      
      
$
-      
      
$
51      
U.S. equity securities
 
-      
      
 
-      
      
 
-      
      
 
-      
      
 
273      
      
 
2,161      
      
 
-      
      
 
2,434      
Non-U.S. equity securities
      
-      
      
      
-      
      
      
-      
      
      
-      
      
      
131      
      
      
1,363      
      
      
-      
      
      
1,494      
Global equity securities
      
402      
      
      
3,017      
      
      
-      
      
      
3,419      
      
      
-      
      
      
197      
      
      
-      
      
      
197      
Absolute return
      
-      
      
      
-      
      
      
513      
      
      
513      
      
      
-      
      
      
-      
      
      
487      
      
      
487      
Real assets
      
525      
      
      
-      
      
      
285      
      
      
810      
      
      
522      
      
      
-      
      
      
65      
      
      
587      
Fixed-income securities:
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
U.S. government
      
1,576      
      
      
139      
      
      
-      
      
      
1,715      
      
      
1,224      
      
      
172      
      
      
-      
      
      
1,396      
Corporate
      
3      
      
      
4,275      
      
      
611      
      
      
4,889      
      
      
2      
      
      
3,083      
      
      
585      
      
      
3,670      
Other
      
-      
      
      
576      
      
      
-      
      
      
576      
      
      
1      
      
      
688      
      
      
-      
      
      
689      
Total
$
2,618      
      
$
8,007      
      
$
1,409      
      
$
12,034      
      
$
2,204      
      
$
7,664      
      
$
1,137      
      
$
11,005      
Other Benefits:
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Money market investments
$
77      
      
$
-      
      
$
-      
      
$
77      
      
$
48      
      
$
-      
      
$
-      
      
$
48      
U.S. equity securities
 
-      
      
 
-      
      
 
-      
      
 
-      
      
 
86      
      
 
222      
      
 
-      
      
 
308      
Non-U.S. equity securities
      
-      
      
      
-      
      
      
-      
      
      
-      
      
      
79      
      
      
108      
      
      
-      
      
      
187      
Global equity securities
      
118      
      
      
397      
      
      
-      
      
      
515      
      
      
-      
      
      
19      
      
      
-      
      
      
19      
Absolute return
      
-      
      
      
-      
      
      
49      
      
      
49      
      
      
-      
      
      
-      
      
      
47      
      
      
47      
Real assets
      
68      
      
      
-      
      
      
28      
      
      
96      
      
      
31      
      
      
-      
      
      
6      
      
      
37      
Fixed-income securities:
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
U.S. government
      
148      
      
      
5      
      
      
-      
      
      
153      
      
      
151      
      
      
-      
      
      
-      
      
      
151      
Corporate
      
9      
      
      
795      
      
      
1      
      
      
805      
      
      
-      
      
      
681      
      
      
1      
      
      
682      
Other
      
-      
      
      
38      
      
      
-      
      
      
38      
      
      
1      
      
      
44      
      
      
-      
      
      
45      
Total
$
420      
      
$
1,235      
      
$
78      
      
$
1,733      
      
$
396      
      
$
1,074      
      
$
54      
      
$
1,524      
Total plan assets at fair value
      
      
      
      
      
      
      
      
      
$
13,767
      
      
      
      
      
      
      
      
      
      
$
12,529      
Schedule Of Level 3 Reconciliation
 
 
Pension Benefits
 
Absolute
 
Corporate
 
Other
 
 
 
 
(in millions)
Return
 
Fixed-Income
 
Fixed-Income
 
Real Assets
 
Total
Balance as of January 1, 2011
$
494      
      
$
549      
      
$
120      
      
$
-      
      
$
1,163      
Actual return on plan assets:
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Relating to assets still held at the reporting date
      
5      
      
      
57      
      
      
(2)      
      
      
-      
      
      
60      
Relating to assets sold during the period
      
2      
      
      
-      
      
      
1      
      
      
-      
      
      
3      
Purchases, issuances, sales, and settlements
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Purchases
      
-      
      
      
14      
      
      
2      
      
      
65      
      
      
81      
Settlements
      
(14)      
      
      
(35)      
      
      
(58)      
      
      
-      
      
      
(107)      
Transfers out of Level 3
      
-      
      
      
-      
      
      
(63)      
      
      
-      
      
      
(63)      
Balance as of December 31, 2011
$
487      
      
$
585      
      
$
-      
      
$
65      
      
$
1,137      
Actual return on plan  assets:
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Relating to assets still held at the reporting date
      
26      
      
      
28      
      
      
-      
      
      
12      
      
      
66      
Relating to assets sold during the period
      
-      
      
      
(1)      
      
      
-      
      
      
-      
      
      
(1)      
Purchases, issuances, sales, and settlements
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Purchases
      
-      
      
      
12      
      
      
-      
      
      
208      
      
      
220      
Settlements
      
-      
      
      
(13)      
      
      
-      
      
      
-      
      
      
(13)      
Balance as of December 31, 2012
$
513      
      
$
611      
      
$
-      
      
$
285      
      
$
1,409      
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Benefits
 
Absolute
 
Corporate
 
Other
 
 
 
 
(in millions)
Return
 
Fixed-Income
 
Fixed-Income
 
Real Assets
 
Total
Balance as of January 1, 2011
$
47      
      
$
129      
      
$
10      
      
      
-      
      
$
186      
Actual return on plan assets:
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Relating to assets still held at the reporting date
      
1      
      
      
16      
      
      
-      
      
      
-      
      
      
17      
Relating to assets sold during the period
      
-      
      
      
(2)      
      
      
-      
      
      
-      
      
      
(2)      
Purchases, issuances, sales, and settlements
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Purchases
      
-      
      
      
34      
      
      
-      
      
      
6      
      
      
40      
Settlements
      
(1)      
      
      
(30)      
      
      
(5)      
      
      
-      
      
      
(36)      
Transfers out of Level 3
      
-      
      
      
(146)      
      
      
(5)      
      
      
-      
      
      
(151)      
Balance as of December 31, 2011
$
47      
      
$
1      
      
$
-      
      
$
6      
      
$
54      
Actual return on plan  assets:
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Relating to assets still held at the reporting date
      
2      
      
      
-      
      
      
-      
      
      
1      
      
      
3      
Relating to assets sold during the period
      
-      
      
      
-      
      
      
-      
      
      
-      
      
      
-      
Purchases, issuances, sales, and settlements
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Purchases
      
-      
      
      
1      
      
      
-      
      
      
21      
      
      
22      
Settlements
      
-      
      
      
(1)      
      
      
-      
      
      
-      
      
      
(1)      
Balance as of December 31, 2012
$
49      
      
$
1      
      
$
-      
      
$
28      
      
$
78      
 
Schedule Of Estimated Benefits Expected To Be Paid
(in millions)
Pension
 
Other
 
Federal Subsidy
2013
$
581      
      
$
108      
      
$
(6)      
2014
      
618      
      
      
112      
      
      
(7)      
2015
      
656      
      
      
115      
      
      
(7)      
2016
      
695      
      
      
119      
      
      
(8)      
2017
      
732      
      
      
124      
      
      
(8)      
2018 - 2022
      
4,172      
      
      
662      
      
      
(42)      
Schedule Of Employer Contribution Expense
(in millions)
 
 
Year ended December 31,
 
 
2012
$
67      
2011
 
65      
2010
 
56