PG&E 2007 Annual Report Download - page 120

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118
BENEFIT OBLIGATIONS
The following tables reconcile changes in aggregate projected benefi t obligations for pension benefi ts and changes in the
benefi t obligation of other benefi ts during 2007 and 2006:
Pension Benefi ts
PG&E Corporation Utility
(in millions) 2007 2006 2007 2006
Projected benefi t obligation at January 1 $9,064 $9,249 $9,023 $9,211
Service cost for benefi ts earned(1) 233 236 228 233
Interest cost 544 511 541 509
Actuarial gain (397) (592) (396) (594)
Plan amendments 1 1 2 3
Benefi ts and expenses paid (364) (341) (362) (339)
Projected benefi t obligation at December 31 $9,081 $9,064 $9,036 $9,023
Accumulated benefi t obligation $8,243 $8,178 $8,206 $8,145
(1) This amount includes $2 million for the transfer of obligation from severance to the PG&E Enterprise Supplemental Executive Retirement Plan
(“SERP”) for PG&E Corporation.
Other Benefi ts
PG&E Corporation Utility
(in millions) 2007 2006 2007 2006
Benefi t obligation at January 1 $1,310 $1,339 $1,310 $1,339
Service cost for benefi ts earned 29 28 29 28
Interest cost 79 74 79 74
Actuarial gain (66) (105) (66) (105)
Plan amendments 17 31 17 31
Gross benefi ts paid (97) (92) (97) (92)
Federal subsidy on benefi ts paid 4 4 4 4
Participants paid benefi ts 35 31 35 31
Benefi t obligation at December 31 $1,311 $1,310 $1,311 $1,310