v3.26.1
CONDENSED BALANCE SHEETS - SDG&E - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 48 $ 29 [1]
Accounts receivable – trade, net 1,442 1,767 [1]
Accounts receivable – other, net 190 157 [1]
Due from unconsolidated affiliates 45 0 [1]
Income taxes receivable, net 252 71 [1]
Inventories 496 561 [1]
Regulatory assets 511 761 [1]
Greenhouse gas allowances 196 203 [1]
Other current assets 169 262 [1]
Total current assets 36,290 34,837 [1]
Other assets:    
Regulatory assets 4,297 3,868 [1]
Greenhouse gas allowances 1,498 1,221 [1]
Nuclear decommissioning trusts 920 899 [1]
Right-of-use assets – operating leases 1,279 1,262 [1]
Wildfire fund 235 246 [1]
Other long-term assets 1,247 1,300 [1]
Total other assets 29,255 27,030 [1]
Property, plant and equipment:    
Property, plant and equipment 68,371 66,900 [1]
Less accumulated depreciation and amortization (18,635) (17,889) [1]
Property, plant and equipment, net 49,736 49,011 [1]
Total assets 115,281 110,878 [1]
Current liabilities:    
Short-term debt 3,566 4,166 [1]
Accounts payable – trade 1,225 1,461 [1]
Accounts payable – other 198 203 [1]
Accrued compensation and benefits 358 521 [1]
Regulatory liabilities 3 3 [1]
Current portion of long-term debt and finance leases 2,075 1,876 [1]
Greenhouse gas obligations 196 203 [1]
Total current liabilities 22,105 21,894 [1]
Long-term debt and finance leases 31,023 28,979 [1]
Deferred credits and other liabilities:    
Regulatory liabilities 4,396 4,250 [1]
Greenhouse gas obligations 1,164 957 [1]
Pension obligation, net of plan assets 119 124 [1]
Deferred income taxes 6,505 6,127 [1]
Asset retirement obligations 3,816 3,743 [1]
Deferred credits and other 2,847 2,805 [1]
Total deferred credits and other liabilities 18,847 18,006 [1]
Commitments and contingencies [1]
Equity:    
Common stock 14,763 14,699 [1]
Retained earnings 18,066 17,092 [1]
Accumulated other comprehensive income (loss) (144) (197) [1]
Total shareholders’ equity 32,685 31,594 [1]
Total liabilities, contingently redeemable noncontrolling interest, and equity 115,281 110,878 [1]
Related Party    
Current assets:    
Due from unconsolidated affiliates 45 0
Current liabilities:    
Other current liabilities 0 8 [1]
Nonrelated Party    
Current liabilities:    
Other current liabilities 685 979 [1]
SDG&E    
Current assets:    
Cash and cash equivalents 1 7 [2]
Accounts receivable – trade, net 884 809 [2]
Accounts receivable – other, net 98 92 [2]
Due from unconsolidated affiliates 18 1 [2]
Income taxes receivable, net 75 30 [2]
Inventories 264 267 [2]
Prepaid expenses 54 121 [2]
Regulatory assets 336 433 [2]
Greenhouse gas allowances 24 28 [2]
Other current assets 33 18 [2]
Total current assets 1,787 1,806 [2]
Other assets:    
Regulatory assets 2,046 1,953 [2]
Greenhouse gas allowances 303 286 [2]
Nuclear decommissioning trusts 920 899 [2]
Right-of-use assets – operating leases 1,009 1,047 [2]
Wildfire fund 235 246 [2]
Other long-term assets 132 141 [2]
Total other assets 4,645 4,572 [2]
Property, plant and equipment:    
Property, plant and equipment 35,769 35,033 [2]
Less accumulated depreciation and amortization (9,133) (8,729) [2]
Property, plant and equipment, net 26,636 26,304 [2]
Total assets 33,068 32,682 [2]
Current liabilities:    
Short-term debt 2 531 [2]
Accounts payable – trade 681 712 [2]
Accounts payable – other 43 42 [2]
Interest payable 107 94 [2]
Accrued compensation and benefits 95 174 [2]
Regulatory liabilities 3 3 [2]
Current portion of long-term debt and finance leases 51 798 [2]
Greenhouse gas obligations 24 28 [2]
Asset retirement obligations 110 107 [2]
Total current liabilities 1,403 2,821 [2]
Long-term debt and finance leases 11,150 10,081 [2]
Deferred credits and other liabilities:    
Regulatory liabilities 3,112 2,960 [2]
Greenhouse gas obligations 154 137 [2]
Pension obligation, net of plan assets 30 19 [2]
Deferred income taxes 3,380 3,286 [2]
Asset retirement obligations 749 746 [2]
Deferred credits and other 1,671 1,699 [2]
Total deferred credits and other liabilities 9,096 8,847 [2]
Commitments and contingencies [2]
Equity:    
Preferred stock 0 0 [2]
Common stock 1,660 1,660 [2]
Retained earnings 9,765 9,279 [2]
Accumulated other comprehensive income (loss) (6) (6) [2]
Total shareholders’ equity 11,419 10,933 [2]
Total liabilities, contingently redeemable noncontrolling interest, and equity 33,068 32,682 [2]
SDG&E | Related Party    
Current assets:    
Due from unconsolidated affiliates 18 1
Current liabilities:    
Other current liabilities 40 59 [2]
SDG&E | Nonrelated Party    
Current liabilities:    
Other current liabilities $ 247 $ 273 [2]
[1] Derived from audited financial statements.
[2] Derived from audited financial statements.