PG&E 2010 Annual Report Download - page 66

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CONSOLIDATED BALANCE SHEETS
Pacific Gas and Electric Company
Balance at December 31,
(in millions, except share amounts) 2010 2009
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings $ 853 $ 833
Long-term debt, classified as current 809 95
Energy recovery bonds, classified as current 404 386
Accounts payable
Trade creditors 1,129 984
Disputed claims and customer refunds 745 773
Regulatory balancing accounts 256 281
Other 390 363
Interest payable 857 813
Income taxes payable 116 223
Deferred income taxes 118 334
Other 1,349 1,307
Total current liabilities 7,026 6,392
Noncurrent Liabilities
Long-term debt 10,557 10,033
Energy recovery bonds 423 827
Regulatory liabilities 4,525 4,125
Pension and other postretirement benefits 2,174 1,717
Asset retirement obligations 1,586 1,593
Deferred income taxes 5,659 4,764
Other 2,008 2,073
Total noncurrent liabilities 26,932 25,132
Commitments and Contingencies (Note 15)
Shareholders’ Equity
Preferred stock 258 258
Common stock, $5 par value, authorized 800,000,000 shares, 264,374,809 shares outstanding at
December 31, 2010 and 2009 1,322 1,322
Additional paid-in capital 3,241 3,055
Reinvested earnings 7,095 6,704
Accumulated other comprehensive loss (195) (154)
Total shareholders’ equity 11,721 11,185
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 45,679 $ 42,709
See accompanying Notes to the Consolidated Financial Statements.
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