2010 FERC Form 1 - Pacific Gas and Electric Company

Name of Respondent
PACIFIC GAS AND ELECTRIC COMPANY
This Report is:
(1) X An Original
(2) A Resubmission
Date of Report
(Mo, Da, Yr)
04/08/2011
Year/Period of Report
2010/Q4
NOTES TO FINANCIAL STATEMENTS (Continued)
Relating to assets sold during the
period 5 5 5 15
Purchases, sales, and settlements 105 (39) (80) (14)
Transfers into (out of) Level 3 - - - -
Balance as of December 31, 2010 $ 494 $ 549 $ 120 $ 1,163
Other Benefits:
Balance as of December 31, 2009 $ 32 $ 124 $ 17 $ 173
Actual return on plan assets:
Relating to assets still held at the
reporting date 4 15 - 19
Relating to assets sold during the
period 1 (2) - (1)
Purchases, sales, and settlements 10 (8) (7) (5)
Transfers into (out of) Level 3 - - - -
Balance as of December 31, 2010 $ 47 $ 129 $ 10 $ 186
Absolute
Return
Corporate Fixed
Income
Other Fixed
Income
(in millions)
Total
Pension Benefits:
Balance as of December 31, 2008 $ 263 $ 457 $ 291 $ 1,011
Actual return on plan assets:
Relating to assets still held at the
reporting date 15 82 14 111
Relating to assets sold during the
period 4 4 12 20
Purchases, sales, and settlements 58 (11) (127) (80)
Transfers into (out of) Level 3 - (1) - (1)
Balance as of December 31, 2009 $ 340 $ 531 $ 190 $ 1,061
Other Benefits:
Balance as of December 31, 2008 $ 25 $ 116 $ 25 $ 166
Actual return on plan assets:
Relating to assets still held at the
reporting date 2 15 1 18
Relating to assets sold during the
period - 1 1 2
Purchases, sales, and settlements 5 (8) (10) (13)
Transfers into (out of) Level 3 - - - -
Balance as of December 31, 2009 $ 32 $ 124 $ 17 $ 173
Cash Flow Information
Employer Contributions
PG&E Corporation and the Utility contributed $162 million to the pension benefit plans and $94 million to the other benefit
plans in 2010. 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 2010. 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 $245 million and $58 million to the pension plan and other postretirement benefit plans, respectively, for 2011.
Benefits Payments
FERC FORM NO. 1 (ED. 12-88) Page 123.46