PG&E 2007 Annual Report Download - page 122

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120
OTHER INFORMATION
The aggregate projected benefi t obligation, accumulated benefi t obligation, and fair value of plan assets for plans in which
the fair value of plan assets is less than the accumulated benefi t obligation and the projected benefi t obligation as of
December 31, 2007 and 2006 were as follows:
Pension Benefi ts Other Benefi ts
(in millions) 2007 2006 2007 2006
PG&E Corporation:
Projected benefi t obligation $(73) $(70) $(187) $(1,310)
Accumulated benefi t obligation (64) (62) — —
Fair value of plan assets — — 153 1,256
Utility:
Projected benefi t obligation $(27) $(29) $(187) $(1,310)
Accumulated benefi t obligation (27) (28) — —
Fair value of plan assets — — 153 1,256
COMPONENTS OF NET PERIODIC BENEFIT COST
Net periodic benefi t cost as refl ected in PG&E Corporation’s Consolidated Statements of Income for 2007, 2006, and 2005
is as follows:
Pension Benefi ts
December 31,
(in millions) 2007 2006 2005
Service cost for benefi ts earned(1) $ 233 $ 236 $ 214
Interest cost 544 511 500
Expected return on plan assets (711) (640) (623)
Amortized prior service cost 49 56 56
Amortization of unrecognized loss 2 22 29
Net periodic benefi t cost $ 117 $ 185 $ 176
(1) This amount includes $2 million for the transfer of obligation from severance to the SERP for PG&E Corporation.
Other Benefi ts
December 31,
(in millions) 2007 2006 2005
Service cost for benefi ts earned $ 29 $ 28 $ 30
Interest cost 79 74 74
Expected return on plan assets (96) (90) (85)
Amortized prior service cost 16 14 11
Amortization of unrecognized gain (10) (3) (1)
Amortization of transition obligation 26 26 26
Net periodic benefi t cost $ 44 $ 49 $ 55
There was no material difference between the Utility’s and PG&E Corporation’s consolidated net periodic benefi t costs.