Equity

3 Months Ended

Mar. 31, 2017

Equity

NOTE 5: EQUITY

PG&E Corporation’s and the Utility’s changes in equity for the three months ended March 31,2017were as follows:

	PG&E Corporation		Utility
	Total		Total
(in millions)	Equity		Shareholders' Equity
Balance at December 31, 2016	$	18,192	$	18,395
Comprehensive income		579		570
Equity contributions		-		125
Common stock issued		150		-
Share-based compensation		(56)		-
Common stock dividends declared		(257)		(244)
Preferred stock dividend requirement		-		(3)
Preferred stock dividend requirement of subsidiary		(3)		-
Balance at March 31, 2017	$	18,605	$	18,843

In February 2017, PG&E Corporation amended its February 2015 equity distribution agreement providing for the sale of PG&E Corporation common stock having an aggregate gross price of up to $275 million. During the three months ended March 31, 2017, PG&E Corporation sold 0.4 million shares of its common stock under the February 2017 equity distribution agreement for cash proceeds of $28 million, net of commissions paid of $0.2 million. As of March 31, 2017, the remaining gross sales available under this agreement were $246 million.

PG&E Corporation also issued common stock under the PG&E Corporation 401(k) plan, the Dividend Reinvestment and Stock Purchase Plan, and share-based compensation plans.  During the threemonths ended March 31,2017, 3.3 million shares were issued for cash proceeds of $117 million under these plans.