PG&E 2013 Annual Report Download - page 90

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 10: FAIR VALUE MEASUREMENTS (Continued)
The following table provides a summary of activity for the debt and equity securities:
2013 2012 2011
(in millions)
Proceeds from sales and maturities of nuclear decommissioning trust
investments .......................................... $ 1,619 $ 1,133 $ 1,928
Gross realized gains on sales of securities held as available-for-sale . . . 94 19 43
Gross realized losses on sales of securities held as available-for-sale . . . (13) (17) (30)
NOTE 11: EMPLOYEE BENEFIT PLANS
PG&E Corporation and the Utility provide a non-contributory defined benefit pension plan for eligible
employees, as well as contributory postretirement medical plans for retirees and their eligible dependents, and
non-contributory postretirement life insurance plans for eligible employees and retirees. Additionally, eligible
employees hired after December 31, 2012 participate in the cash balance plan that was added to the defined benefit
pension plan in 2012. Eligible employees hired before December 31, 2012 were given a one-time election to
participate in the cash balance plan prospectively, or to continue participating in the existing defined benefit plan.
The trusts underlying certain of these plans are qualified trusts under the Internal Revenue Code of 1986, as
amended. If certain conditions are met, PG&E Corporation and the Utility can deduct payments made to the
qualified trusts, subject to certain limitations. PG&E Corporation and the Utility use a December 31 measurement
date for all plans.
PG&E Corporation’s and the Utility’s funding policy is to contribute tax-deductible amounts, consistent with
applicable regulatory decisions and federal minimum funding requirements. Based upon current assumptions and
available information, the Utility’s minimum funding requirements related to its pension plans was zero.
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