PG&E 2009 Annual Report Download - page 99

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OTHER INFORMATION
The aggregate projected benefit obligation, accumulated benefit obligation, and fair value of plan asset for plans in which
the fair value of plan assets is less than the accumulated benefit obligation and the projected benefit obligation as of
December 31, 2009 and 2008 were as follows:
Pension Benefits Other Benefits
(in millions) 2009 2008 2009 2008
PG&E Corporation:
Projected benefit obligation $(10,766) $(9,767) $(1,511) $(1,382)
Accumulated benefit obligation (9,527) (8,601) ——
Fair value of plan assets 9,330 8,066 1,169 990
Utility:
Projected benefit obligation $(10,708) $(9,717) $(1,511) $(1,382)
Accumulated benefit obligation (9,479) (8,559) ——
Fair value of plan assets 9,330 8,066 1,169 990
COMPONENTS OF NET PERIODIC BENEFIT COST
Net periodic benefit cost as reflected in PG&E Corporation’s Consolidated Statements of Income for 2009, 2008, and
2007 is as follows:
Pension Benefits
December 31,
(in millions) 2009 2008 2007
Service cost for benefits earned $ 259 $ 236 $ 233
Interest cost 624 581 544
Expected return on plan assets (579) (696) (711)
Amortization of prior service cost 53 47 49
Amortization of unrecognized gain 101 12
Net periodic benefit cost $ 458 $ 169 $ 117
Other Benefits
December 31,
(in millions) 2009 2008 2007
Service cost for benefits earned $30 $29 $29
Interest cost 87 81 79
Expected return on plan assets (68) (93) (96)
Amortization of transition obligation 26 26 26
Amortization of prior service cost 16 16 16
Amortization of unrecognized gain 3(15) (10)
Net periodic benefit cost $94 $44 $44
There was no material difference between PG&E Corporation’s and the Utility’s consolidated net periodic benefit
costs.
95