PG&E 2008 Annual Report Download - page 130

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128
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, 2008 and 2007 were as follows:
Pension Benefi ts Other Benefi ts
(in millions) 2008 2007 2008 2007
PG&E Corporation:
Projected benefi t obligation $(9,767) $(73) $(1,382) $(187)
Accumulated benefi t obligation (8,601) (64) — —
Fair value of plan assets 8,066 — 990 153
Utility:
Projected benefi t obligation $(9,717) $(27) $(1,382) $(187)
Accumulated benefi t obligation (8,559) (27) — —
Fair value of plan assets 8,066 — 990 153
COMPONENTS OF NET PERIODIC BENEFIT COST
Net periodic benefi t cost as refl
ected in PG&E Corporation’s Consolidated Statements of Income for 2008, 2007, and 2006
is as follows:
Pension Benefi ts
December 31,
(in millions) 2008 2007 2006
Service cost for benefi ts earned $ 236 $ 233 $ 236
Interest cost 581 544 511
Expected return on plan assets (696) (711) (640)
Amortization of prior service cost(1) 47 49 56
Amortization of unrecognized gain(1) 1 2 22
Net periodic benefi t cost $
169 $ 117 $ 185
(1) In 2007 and 2008, under SFAS No. 158, PG&E Corporation and the Utility recorded amounts related to pension and other benefi ts in other
comprehensive income, net of related deferred taxes, except for a portion recorded as a regulatory liability in accordance with SFAS No. 71.
Other Benefi ts
December 31,
(in millions) 2008 2007 2006
Service cost for benefi ts earned $ 29 $ 29 $ 28
Interest cost 81 79 74
Expected return on plan assets (93) (96) (90)
Amortization of transition obligation(1) 26 26 26
Amortization of prior service cost(1) 16 16 14
Amortization of unrecognized gain(1) (15) (10) (3)
Net periodic benefi t cost $
44 $ 44 $ 49
(1) In 2007 and 2008, under SFAS No. 158, PG&E Corporation and the Utility recorded amounts related to pension and other benefi ts in other
comprehensive income, net of related deferred taxes, except for a portion recorded as a regulatory liability in accordance with SFAS No. 71.
There was no material difference between PG&E Corporation’s and the Utility’s consolidated net periodic benefi t costs.