v3.25.2
CONDENSED BALANCE SHEETS - SDG&E - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 155 $ 1,565 [1]
Accounts receivable – trade, net 1,612 1,983 [1]
Accounts receivable – other, net 433 397 [1]
Due from unconsolidated affiliates 3 13 [1]
Income taxes receivable, net 148 90 [1]
Inventories 625 559 [1]
Prepaid expenses 157 255 [1]
Regulatory assets 343 60 [1]
Greenhouse gas allowances 217 217 [1]
Other current assets 36 34 [1]
Total current assets 4,169 5,285 [1]
Other assets:    
Regulatory assets 4,196 3,937 [1]
Greenhouse gas allowances 1,229 845 [1]
Nuclear decommissioning trusts 878 875 [1]
Right-of-use assets – operating leases 1,152 1,177 [1]
Wildfire fund 255 262 [1]
Other long-term assets 1,604 1,749 [1]
Total other assets 30,936 29,433 [1]
Property, plant and equipment:    
Property, plant and equipment 84,459 80,397 [1]
Less accumulated depreciation and amortization (19,657) (18,960) [1]
Property, plant and equipment, net 64,802 61,437 [1]
Total assets 99,907 96,155 [1]
Current liabilities:    
Short-term debt 2,282 2,016 [1]
Accrued compensation and benefits 402 558 [1]
Regulatory liabilities 54 141 [1]
Current portion of long-term debt and finance leases 1,372 2,274 [1]
Greenhouse gas obligations 217 217 [1]
Total current liabilities 8,607 9,676 [1]
Long-term debt and finance leases 34,936 31,558 [1]
Deferred credits and other liabilities:    
Regulatory liabilities 3,906 3,817 [1]
Greenhouse gas obligations 879 506 [1]
Pension and other postretirement benefit plan obligations, net of plan assets 163 168 [1]
Deferred income taxes 6,161 5,845 [1]
Asset retirement obligations 3,848 3,737 [1]
Deferred credits and other 2,752 2,708 [1]
Total deferred credits and other liabilities 18,068 17,133 [1]
Commitments and contingencies [1]
Equity:    
Common stock 13,518 13,520 [1]
Retained earnings 17,505 16,979 [1]
Accumulated other comprehensive income (loss) (215) (166) [1]
Total shareholders’ equity 31,697 31,222 [1]
Total liabilities and equity 99,907 96,155 [1]
Related Party    
Current assets:    
Due from unconsolidated affiliates 3 13
Current liabilities:    
Other current liabilities 8 0 [1]
Nonrelated Party    
Current liabilities:    
Other current liabilities 1,163 1,251 [1]
SDG&E    
Current assets:    
Cash and cash equivalents 28 0 [1]
Accounts receivable – trade, net 714 774 [1]
Accounts receivable – other, net 139 89 [1]
Due from unconsolidated affiliates 9 0 [1]
Income taxes receivable, net 19 27 [1]
Inventories 253 202 [1]
Prepaid expenses 71 139 [1]
Regulatory assets 176 16 [1]
Greenhouse gas allowances 27 27 [1]
Other current assets 38 27 [1]
Total current assets 1,474 1,301 [1]
Other assets:    
Regulatory assets 2,210 2,024 [1]
Greenhouse gas allowances 281 272 [1]
Nuclear decommissioning trusts 878 875 [1]
Right-of-use assets – operating leases 790 795 [1]
Wildfire fund 255 262 [1]
Other long-term assets 125 133 [1]
Total other assets 4,539 4,361 [1]
Property, plant and equipment:    
Property, plant and equipment 34,216 33,162 [1]
Less accumulated depreciation and amortization (8,375) (8,051) [1]
Property, plant and equipment, net 25,841 25,111 [1]
Total assets 31,854 30,773 [1]
Current liabilities:    
Short-term debt 0 417 [1]
Accounts payable 768 742 [1]
Interest payable 96 84 [1]
Accrued compensation and benefits 105 175 [1]
Accrued franchise fees 53 54 [1]
Regulatory liabilities 53 75 [1]
Current portion of long-term debt and finance leases 794 42 [1]
Greenhouse gas obligations 27 27 [1]
Asset retirement obligations 95 97 [1]
Total current liabilities 2,260 1,987 [1]
Long-term debt and finance leases 10,093 10,018 [1]
Deferred credits and other liabilities:    
Regulatory liabilities 2,816 2,701 [1]
Greenhouse gas obligations 100 62 [1]
Pension and other postretirement benefit plan obligations, net of plan assets 40 28 [1]
Deferred income taxes 3,291 3,211 [1]
Asset retirement obligations 797 803 [1]
Deferred credits and other 1,437 1,399 [1]
Total deferred credits and other liabilities 8,481 8,204 [1]
Commitments and contingencies [1]
Equity:    
Preferred stock 0 0 [1]
Common stock 1,660 1,660 [1]
Retained earnings 9,372 8,916 [1]
Accumulated other comprehensive income (loss) (12) (12) [1]
Total shareholders’ equity 11,020 10,564 [1]
Total liabilities and equity 31,854 30,773 [1]
SDG&E | Related Party    
Current assets:    
Due from unconsolidated affiliates 9 0
Current liabilities:    
Other current liabilities 49 59 [1]
SDG&E | Nonrelated Party    
Current liabilities:    
Other current liabilities $ 220 $ 215 [1]
[1] Derived from audited financial statements.