v3.25.2
CONDENSED BALANCE SHEETS - SoCalGas - 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]
Inventories 625 559 [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]
Right-of-use assets – operating leases 1,152 1,177 [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]
Accounts payable – trade 2,026 2,238 [1]
Accounts payable – other 265 208 [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 obligation, 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]
SoCalGas    
Current assets:    
Cash and cash equivalents 0 12 [1]
Accounts receivable – trade, net 610 932 [1]
Accounts receivable – other, net 56 71 [1]
Due from unconsolidated affiliates 2 16 [1]
Inventories 268 287 [1]
Regulatory assets 166 42 [1]
Greenhouse gas allowances 178 176 [1]
Other current assets 55 71 [1]
Total current assets 1,335 1,607 [1]
Other assets:    
Regulatory assets 1,917 1,844 [1]
Greenhouse gas allowances 805 526 [1]
Right-of-use assets – operating leases 11 18 [1]
Other long-term assets 583 609 [1]
Total other assets 3,316 2,997 [1]
Property, plant and equipment:    
Property, plant and equipment 30,048 29,084 [1]
Less accumulated depreciation and amortization (8,634) (8,330) [1]
Property, plant and equipment, net 21,414 20,754 [1]
Total assets 26,065 25,358 [1]
Current liabilities:    
Short-term debt 211 1,037 [1]
Accounts payable – trade 490 752 [1]
Accounts payable – other 215 158 [1]
Accrued compensation and benefits 191 245 [1]
Contributions in aid of construction 159 117 [1]
Regulatory liabilities 0 64 [1]
Current portion of long-term debt and finance leases 529 373 [1]
Greenhouse gas obligations 178 176 [1]
Asset retirement obligations 86 91 [1]
Total current liabilities 2,390 3,385 [1]
Long-term debt and finance leases 7,622 7,031 [1]
Deferred credits and other liabilities:    
Regulatory liabilities 1,089 1,115 [1]
Greenhouse gas obligations 735 410 [1]
Pension obligation, net of plan assets 31 45 [1]
Deferred income taxes 2,168 2,005 [1]
Asset retirement obligations 2,957 2,839 [1]
Deferred credits and other 382 367 [1]
Total deferred credits and other liabilities 7,362 6,781 [1]
Commitments and contingencies [1]
Equity:    
Preferred stock 22 22 [1]
Common stock 2,316 2,316 [1]
Retained earnings 6,377 5,850 [1]
Accumulated other comprehensive income (loss) (24) (27) [1]
Total shareholders’ equity 8,691 8,161 [1]
Total liabilities and equity 26,065 25,358 [1]
SoCalGas | Related Party    
Current assets:    
Due from unconsolidated affiliates 2 16
Current liabilities:    
Other current liabilities 43 38 [1]
SoCalGas | Nonrelated Party    
Current liabilities:    
Other current liabilities $ 288 $ 334 [1]
[1] Derived from audited financial statements.