Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt [Abstract]

Schedule Of Long-Term Debt

		December 31,
(in millions)		2017		2016
PG&E Corporation
Senior notes:
Maturity	Interest Rates
2019	2.40%	$	350	$	350
Unamortized discount, net of premium and debt issuance costs			-		(2)
Total PG&E Corporation long-term debt			350		348
Utility
Senior notes:
Maturity	Interest Rates
2017	5.63%		-		700
2018	8.25%		400		800
2020	3.50%		800		800
2021	3.25% to 4.25%		550		550
2022	2.45%		400		400
2023 through 2047	2.95% to 6.35%		14,975		12,375
Less: current portion(1)			(400)		(700)
Unamortized discount, net of premium and debt issuance costs			(185)		(161)
Total senior notes, net of current portion			16,540		14,764
Pollution control bonds:
Maturity	Interest Rates
Series 2004 A-D, due 2023(2)	4.75%		-		345
Series 2008 F and 2010 E, due 2026 (3)	1.75%		100		-
Series 2008 G, due 2018 (4)	1.05%		45		-
Series 2009 A-B, due 2026 (5)	1.78%		149		149
Series 1996 C, E, F, 1997 B due 2026(6)	variable rate(7)		614		614
Less: current portion			(45)		-
Total pollution control bonds			863		1,108
Total Utility long-term debt, net of current portion			17,403		15,872
Total consolidated long-term debt, net of current portion		$	17,753	$	16,220

(1) On January 19, 2018, the Utility sent a notice of redemption to redeem all $400 million aggregate principal amount of the 8.25% senior notes due October 15, 2018 on February 18, 2018.  On January 31, 2018, the Utility deposited with the trustee funds sufficient to effect the early redemption of these bonds and satisfy and discharge its remaining obligation of $400 million.

(2) In June 2017, the Utility repurchased and retired $345 million principal amount of Pollution Control Bonds series 2004 A-D.

(3) Pollution Control Bonds series 2008F and 2010E were remarketed and issued in June 2017.  Although the stated maturity date for both series is 2026, these bonds have a mandatory redemption date of May 30, 2022. 

(4) Pollution Control Bonds series 2008G were remarketed and issued in June 2017 and mature on December 1, 2018.

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

(6) Each series of these bonds is supported by a separate letter of credit.  In December 2015, the letters of credit were extended to December 1, 2020.  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.

(7) At December 31, 2017, the interest rate on these bonds ranged from 1.45% - 1.70%.

Schedule Of Repayment Schedule

(in millions,
except interest rates)	2018		2019			2020			2021			2022			Thereafter			Total
PG&E Corporation
Average fixed interest rate		-			2.40%			-			-			-			-			2.40%
Fixed rate obligations	$	-		$	350		$	-		$	-		$	-		$	-		$	350
Utility
Average fixed interest rate		7.52%			-			3.50%			3.80%			2.31%			4.68%			4.61%
Fixed rate obligations	$	445		$	-		$	800		$	550		$	500 (2)		$	14,975		$	17,270
Variable interest rate
as of December 31, 2017		-			1.78%			1.59%			-			-			-			1.63%
Variable rate obligations (1)	$	-		$	149		$	614		$	-		$	-		$	-		$	763
Total consolidated debt	$	445		$	499		$	1,414		$	550		$	500		$	14,975		$	18,383

(1) The bonds due in 2026 are backed by separate letters of credit that expire June 5, 2019, or December 1, 2020.

(2) Pollution Control Bonds series 2008F and 2010E were remarketed and issued in June 2017.  Although the stated maturity date for both series is 2026, these bonds have a mandatory redemption date of May 30, 2022.

Schedule Of Short-Term Borrowings

The following table summarizes PG&E Corporation’s and the Utility’s outstanding borrowings under their revolving credit facilities and commercial paper programs at December 31, 2017:

		Credit			Letters of			Commercial
	Termination	Facility			Credit			Paper			Facility
(in millions)	Date	Limit			Outstanding			Outstanding			Availability
PG&E Corporation	April 2022	$	300	(1)		$	-		$	132		$	168
Utility	April 2022		3,000	(2)			49			50			2,901
Total revolving credit facilities		$	3,300			$	49		$	182		$	3,069

(1) Includes a $50 million lender commitment to the letter of credit sublimit and a $100 million commitment for swingline loans defined as loans that are made available on a same-day basis and are repayable in full within 7 days.

(2) Includes a $500 million lender commitment to the letter of credit sublimit and a $75 million commitment for swingline loans.