New And Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Components Of Net Periodic Benefit Cost

The net periodic benefit costs reflected in PG&E Corporation’s Condensed Consolidated Financial Statements for the three months ended March 31, 2017 and 2016 were as follows:

	Pension Benefits				Other Benefits
	Three Months Ended March 31,
(in millions)	2017		2016		2017		2016
Service cost for benefits earned	$	118	$	113	$	15	$	13
Interest cost		179		179		19		19
Expected return on plan assets		(193)		(207)		(24)		(27)
Amortization of prior service cost		(2)		2		4		4
Amortization of net actuarial loss		6		6		1		1
Net periodic benefit cost		108		93		15		10
Regulatory account transfer (1)		(23)		(8)		-		-
Total	$	85	$	85	$	15	$	10

(1) The Utility recorded these amounts to a regulatory account since they are probable of recovery from, or refund to, customers in future rates.

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

The changes, net of income tax, in PG&E Corporation’s accumulated other comprehensive income (loss) are summarized below:

	Pension		Other
	Benefits		Benefits		Total
(in millions, net of income tax)	Three Months Ended March 31, 2017
Beginning balance	$	(25)	$	16	$	(9)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost
(net of taxes of $1 and $2, respectively)		(1)		2		1
Amortization of net actuarial loss
(net of taxes of $3 and $0, respectively)		3		1		4
Regulatory account transfer
(net of taxes of $2 and $2, respectively)		(2)		(3)		(5)
Net current period other comprehensive gain (loss)		-		-		-
Ending balance	$	(25)	$	16	$	(9)

(1) These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)

	Pension		Other
	Benefits		Benefits		Total
(in millions, net of income tax)	Three Months Ended March 31, 2016
Beginning balance	$	(23)	$	16	$	(7)
Amounts reclassified from other comprehensive income: (1)
Amortization of prior service cost
(net of taxes of $1 and $2, respectively)		1		2		3
Amortization of net actuarial loss
(net of taxes of $2, and $0, respectively)		4		1		5
Regulatory account transfer
(net of taxes of $3 and $2, respectively)		(5)		(3)		(8)
Net current period other comprehensive gain (loss)		-		-		-
Ending balance	$	(23)	$	16	$	(7)

(1) These components are included in the computation of net periodic pension and other postretirement benefit costs.  (See the “Pension and Other Postretirement Benefits” table above for additional details.)