PG&E 2009 Annual Report Download - page 100

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COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE INCOME
PG&E Corporation and the Utility record the net periodic benefit cost for pension benefits and other benefits as a
component of accumulated other comprehensive income (loss), net of tax. Net periodic benefit cost is composed of
unrecognized prior service costs, unrecognized gains and losses, and unrecognized net transition obligations as
components of accumulated other comprehensive income, net of tax.
Pre-tax amounts recognized in accumulated other comprehensive income consist of:
PG&E Corporation
(in millions) 2009 2008
Pension Benefits:
Beginning unrecognized prior service cost $ (175) $ (222)
Current year unrecognized prior service cost (71) (2)
Amortization of unrecognized prior service cost 53 49
Unrecognized prior service cost (193) (175)
Beginning unrecognized net gain (loss) (2,113) 105
Current year unrecognized net gain (loss) 458 (2,219)
Amortization of unrecognized net gain 101 1
Unrecognized net gain (loss) (1,554) (2,113)
Less: transfer to regulatory account(1) 1,725 2,259
Total $ (22) $ (29)
Other Benefits:
Beginning unrecognized prior service cost $ (99) $ (116)
Current year unrecognized prior service cost ––
Amortization of unrecognized prior service cost 16 17
Unrecognized prior service cost (83) (99)
Beginning unrecognized net gain (loss) (142) 311
Current year unrecognized net gain (loss) 17 (438)
Amortization of unrecognized net gain (loss) 3(15)
Unrecognized net gain (loss) (122) (142)
Beginning unrecognized net transition obligation (102) (128)
Amortization of unrecognized net transition obligation 26 26
Unrecognized net transition obligation (76) (102)
Total $ (281) $ (343)
(1) The Utility recorded $1,725 million and $2,259 million at December 31, 2009 and 2008, respectively, as a regulatory asset balance since the Utility
meets the requirement for recovery from customers in future rates.
There were no material differences between other comprehensive income for PG&E Corporation and the Utility.
The estimated amounts that will be amortized into net periodic benefit cost in 2010 are as follows:
(in millions) PG&E Corporation Utility
Pension benefits:
Unrecognized prior service cost $53 $54
Unrecognized net loss 42 41
Total $95 $95
Other benefits:
Unrecognized prior service cost $16 $16
Unrecognized net loss 33
Unrecognized net transition obligation 26 26
Total $45 $45
96