PG&E 2012 Annual Report Download - page 79
Download and view the complete annual report
Please find page 79 of the 2012 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.-
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
 |
 |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 3: REGULATORY ASSETS, LIABILITIES, AND BALANCING ACCOUNTS (Continued)
The Department of Energy balancing account is used to record and refund to customers the amounts received
from the U.S. Department of Energy (‘‘DOE’’) during 2012 for a settlement agreement related to spent nuclear fuel
storage costs incurred by the Utility.
NOTE 4: DEBT
Long-Term Debt
The following table summarizes PG&E Corporation’s and the Utility’s long-term debt:
December 31,
2012 2011
(in millions)
PG&E Corporation
Senior notes, 5.75%, due 2014 .......................... 350 350
Unamortized discount ................................ —(1)
Total senior notes .................................. 350 349
Total PG&E Corporation long-term debt ................... 350 349
Utility
Senior notes:
6.25% due 2013 ................................... 400 400
4.80% due 2014 ................................... 1,000 1,000
5.625% due 2017 .................................. 700 700
8.25% due 2018 ................................... 800 800
3.50% due 2020 ................................... 800 800
4.25% due 2021 ................................... 300 300
3.25% due 2021 ................................... 250 250
2.45% due 2022 ................................... 400 —
6.05% due 2034 ................................... 3,000 3,000
5.80% due 2037 ................................... 950 950
6.35% due 2038 ................................... 400 400
6.25% due 2039 ................................... 550 550
5.40% due 2040 ................................... 800 800
4.50% due 2041 ................................... 250 250
4.45% due 2042 ................................... 400 —
3.75% due 2042 ................................... 350 —
Less: current portion ............................... (400) —
Unamortized discount, net of premium .................. (51) (51)
Total senior notes, net of current portion ............... 10,899 10,149
Pollution control bonds:
Series 1996 C, E, F, 1997 B, variable rates(1), due 2026(2) ...... 614 614
Series 2004 A-D, 4.75%, due 2023(3) .................... 345 345
Series 2009 A-D, variable rates(4), due 2016 and 2026(5) ....... 309 309
Series 2010 E, 2.25%, due 2026(6) ...................... — 50
Less: current portion ............................... —(50)
Total pollution control bonds ........................ 1,268 1,268
Total Utility long-term debt, net of current portion ........... 12,167 11,417
Total consolidated long-term debt, net of current portion ......... $ 12,517 $ 11,766
(1) At December 31, 2012, interest rates on these bonds and the related loans ranged from 0.10% to 0.14%.
75