Item 16. Form 10-k summary

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Item 16. Form 10-k summary

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrants have duly caused this Annual Report on Form 10-K for the year ended December 31, 2017 to be signed on their behalf by the undersigned, thereunto duly authorized.

	PG&E CORPORATION		PACIFIC GAS AND ELECTRIC COMPANY
	(Registrant)		(Registrant)


	GEISHA J. WILLIAMS		NICKOLAS STAVROPOULOS
	Geisha J. Williams		Nickolas Stavropoulos

By:	Chief Executive Officer and President	By:	President and Chief Operating Officer

Date:	February 9, 2018	Date:	February 9, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrants and in the capacities and on the dates indicated.

	Signature	Title	Date
	A. Principal Executive Officers


	GEISHA J. WILLIAMS	Chief Executive Officer and	February 9, 2018
	Geisha J. Williams	President (PG&E Corporation)

	NICKOLAS STAVROPOULOS	President and Chief Operating Officer	February 9, 2018
	Nickolas Stavropoulos	(Pacific Gas and Electric Company)

	B. Principal Financial Officers

	JASON P. WELLS	Senior Vice President and Chief Financial Officer	February 9, 2018
	Jason P. Wells	(PG&E Corporation)

	DAVID S. THOMASON	Vice President, Chief Financial Officer, and	February 9, 2018
	David S. Thomason	Controller (Pacific Gas and Electric Company)

	C. Principal Accounting Officer

	DAVID S. THOMASON	Vice President and Controller (PG&E Corporation)	February 9, 2018
	David S. Thomason	Vice President, Chief Financial Officer, and
		Controller (Pacific Gas and Electric Company)

	D. Directors (PG&E Corporation and Pacific Gas and Electric Company, unless otherwise noted)

*	LEWIS CHEW	Director	February 9, 2018
	Lewis Chew


*	FRED J. FOWLER	Director	February 9, 2018
	Fred J. Fowler

*	JEH C. JOHNSON	Director (PG&E Corporation only)	February 9, 2018
	Jeh C. Johnson

*	RICHARD C. KELLY	Director	February 9, 2018
	Richard C. Kelly	Chair of the Board (PG&E Corporation)

*	ROGER H. KIMMEL	Director	February 9, 2018
	Roger H. Kimmel

*	RICHARD A. MESERVE	Director	February 9, 2018
	Richard A. Meserve

*	FORREST E. MILLER	Director	February 9, 2018
	Forrest E. Miller	Chair of the Board (Pacific Gas and Electric
		Company)

*	ERIC D. MULLINS	Director	February 9, 2018
	Eric D. Mullins

*	ROSENDO G. PARRA	Director	February 9, 2018
	Rosendo G. Parra

*	BARBARA L. RAMBO	Director	February 9, 2018
	Barbara L. Rambo

*	ANNE SHEN SMITH	Director	February 9, 2018
	Anne Shen Smith

*	NICKOLAS STAVROPOULOS	Director (Pacific Gas and Electric Company	February 9, 2018
	Nickolas Stavropoulos	only)

*	GEISHA J.WILLIAMS	Director	February 9, 2018
	Geisha J. Williams

*By:			February 9, 2018
	John R. Simon, Attorney-in-Fact

PG&E CORPORATION

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF PARENT

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

		Years Ended December 31,
(in millions, except per share amounts)		2017		2016		2015
Administrative service revenue	$	63	$	70	$	51
Operating expenses		(5)		(73)		(53)
Interest income		1		1		1
Interest expense		(11)		(10)		(10)
Other income		4		2		30
Equity in earnings of subsidiaries		1,667		1,388		852
Income before income taxes		1,719		1,378		871
Income tax provision (benefit)		73		(15)		(3)
Net income	$	1,646	$	1,393	$	874
Other Comprehensive Income
Pension and other postretirement benefit plans obligations (net of taxes of $0,
$1, and $0, at respective dates)	$	1	$	(2)	$	(1)
Net change in investments (net of taxes of $0, $0, and $12, at respective dates)		-		-		(17)
Total other comprehensive income (loss)		1		(2)		(18)
Comprehensive Income	$	1,647	$	1,391	$	856
Weighted Average Common Shares Outstanding, Basic		512		499		484
Weighted Average Common Shares Outstanding, Diluted		513		501		487
Net earnings per common share, basic	$	3.21	$	2.79	$	1.81
Net earnings per common share, diluted	$	3.21	$	2.78	$	1.79

PG&E CORPORATION

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF PARENT – (Continued)

CONDENSED BALANCE SHEETS

	Balance at December 31,
(in millions)	2017		2016
ASSETS
Current Assets
Cash and cash equivalents	$	2	$	106
Advances to affiliates		24		24
Income taxes receivable		27		25
Total current assets		53		155
Noncurrent Assets
Equipment		3		2
Accumulated depreciation		(3)		(2)
Net equipment		-		-
Investments in subsidiaries		19,514		18,172
Other investments		144		133
Intercompany receivable		72		-
Deferred income taxes		123		267
Total noncurrent assets		19,853		18,572
Total Assets	$	19,906	$	18,727

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings	$	132	$	-
Accounts payable – other		6		7
Other		23		274
Total current liabilities		161		281
Noncurrent Liabilities
Long-term debt		350		348
Other		175		158
Total noncurrent liabilities		525		506
Common Shareholders’ Equity
Common stock		12,632		12,198
Reinvested earnings		6,596		5,751
Accumulated other comprehensive income (loss)		(8)		(9)
Total common shareholders’ equity		19,220		17,940
Total Liabilities and Shareholders’ Equity	$	19,906	$	18,727

PG&E CORPORATION

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT – (Continued)

CONDENSED STATEMENTS OF CASH FLOWS

(in millions)

	Year ended December 31,
	2017		2016		2015
Cash Flows from Operating Activities:
Net income	$	1,646	$	1,393	$	874
Adjustments to reconcile net income to net cash provided by
operating activities:
Stock-based compensation amortization		20		74		66
Equity in earnings of subsidiaries		(1,667)		(1,388)		(852)
Deferred income taxes and tax credits-net		139		11		10
Current income taxes receivable/payable		(2)		(1)		5
Other		(75)		(24)		(70)
Net cash provided by operating activities		61		65		33
Cash Flows From Investing Activities:
Investment in subsidiaries		(455)		(835)		(705)
Dividends received from subsidiaries (1)		784		911		716
Net cash provided by (used in) investing activities		329		76		11
Cash Flows From Financing Activities:
Borrowings (repayments) under revolving credit facilities		132		-		-
Common stock issued		395		822		780
Common stock dividends paid (2)		(1,021)		(921)		(856)
Net cash provided by (used in) financing activities		(494)		(99)		(76)
Net change in cash and cash equivalents		(104)		42		(32)
Cash and cash equivalents at January 1		106		64		96
Cash and cash equivalents at December 31	$	2	$	106	$	64
Supplemental disclosure of cash flow information
Cash received (paid) for:
Interest, net of amounts capitalized	$	(9)	$	(9)	$	(9)
Income taxes, net		-		(13)		-
Supplemental disclosure of noncash investing and financing activities
Noncash common stock issuances	$	21	$	20	$	21
Common stock dividends declared but not yet paid		-		248		224

(1) Because of its nature as a holding company, PG&E Corporation classifies dividends received from subsidiaries as an investing cash flow.

(2) In July and October of 2017, respectively, PG&E Corporation paid quarterly common stock dividends of $0.53 per share. In July and October of 2016 and January and April of 2017, respectively, PG&E Corporation paid quarterly common stock dividends of $0.49 per share. In January, April, July, and October of 2015 and January and April of 2016, respectively, PG&E Corporation paid quarterly common stock dividends of $0.455 per share.

PG&E Corporation

SCHEDULE II – CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2017, 2016, and 2015

(in millions)			Additions
Description		Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts		Deductions (2)		Balance at End of Period
Valuation and qualifying accounts deducted from assets:
2017:
Allowance for uncollectible accounts (1)	$	58	$	55	$	-	$	49	$	64
2016:
Allowance for uncollectible accounts (1)	$	54	$	50	$	-	$	46	$	58
2015:
Allowance for uncollectible accounts (1)	$	66	$	43	$	-	$	55	$	54

(1) Allowance for uncollectible accounts is deducted from “Accounts receivable - Customers.”

(2) Deductions consist principally of write-offs, net of collections of receivables previously written off.

Pacific Gas and Electric Company

SCHEDULE II – CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2017, 2016, and 2015

(in millions)			Additions
Description		Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts		Deductions (2)		Balance at End of Period
Valuation and qualifying accounts deducted from assets:
2017:
Allowance for uncollectible accounts (1)	$	58	$	55	$	-	$	49	$	64
2016:
Allowance for uncollectible accounts (1)	$	54	$	50	$	-	$	46	$	58
2015:
Allowance for uncollectible accounts (1)	$	66	$	43	$	-	$	55	$	54

(1) Allowance for uncollectible accounts is deducted from “Accounts receivable - Customers.”

(2) Deductions consist principally of write-offs, net of collections of receivables previously written off.

Previous: Item 15. Exhibits and Financial Statement Schedules