PG&E 2015 Annual Report Download - page 113

Download and view the complete annual report

Please find page 113 of the 2015 PG&E annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

105
PART II
ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
PensionPlan
(inmillions) AbsoluteReturn Fixed-Income RealAssets Total
FortheyearendedDecember
Balanceatbeginningofyear      
Actualreturnonplanassets
Relating to assets still held at the reporting date    
Relating to assets sold during the period -  - 
Purchasesissuancessalesandsettlements
Purchases -   
Settlements - () () ()
Balanceatendofyear     
PBOPPlans
(inmillions) AbsoluteReturn Fixed-Income RealAssets Total
FortheyearendedDecember
Balanceatbeginningofyear      
Actualreturnonplanassets
Relating to assets still held at the reporting date () -  
Relating to assets sold during the period - - - -
Purchasesissuancessalesandsettlements
Purchases  -  
Settlements - () - ()
Balanceatendofyear   -   
PBOPPlans
(inmillions) AbsoluteReturn Fixed-Income RealAssets Total
FortheyearendedDecember
Balanceatbeginningofyear      
Actualreturnonplanassets
Relating to assets still held at the reporting date  -  
Relating to assets sold during the period - - - -
Purchasesissuancessalesandsettlements
Purchases - -  
Settlements - () - ()
Balanceatendofyear    
There were no material transfers out of Level 3 in 2015 and 2014.
Cash Flow Information
Employer Contributions
PG&E Corporation and the Utility contributed $334 million
to the pension benefit plans and $61 million to the other
benefit plans in 2015. These contributions are consistent
with PG&E Corporation’s and the Utility’s funding policy,
which is to contribute amounts that are tax-deductible
and consistent with applicable regulatory decisions and
federal minimum funding requirements. None of these
pension or other benefits were subject to a minimum
funding requirement requiring a cash contribution in
2015. The Utility’s pension benefits met all the funding
requirements under ERISA. PG&E Corporation and the
Utility expect to make total contributions of approximately
$327 million and $61 million to the pension plan and other
postretirement benefit plans, respectively, for 2016.