v3.26.3
CONDENSED BALANCE SHEETS - SDG&E - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 34 $ 29 [1]
Accounts receivable – trade, net 1,573 1,767 [1]
Accounts receivable – other, net 178 157 [1]
Due from unconsolidated affiliates 53 0 [1]
Income taxes receivable, net 236 71 [1]
Inventories 531 561 [1]
Regulatory assets 589 761 [1]
Greenhouse gas allowances 202 203 [1]
Other current assets 368 262 [1]
Total current assets 37,318 34,837 [1]
Other assets:    
Regulatory assets 4,241 3,868 [1]
Greenhouse gas allowances 1,614 1,221 [1]
Nuclear decommissioning trusts 891 899 [1]
Right-of-use assets – operating leases 1,239 1,262 [1]
Wildfire fund 226 246 [1]
Other long-term assets 1,230 1,300 [1]
Total other assets 30,222 27,030 [1]
Property, plant and equipment:    
Property, plant and equipment 69,431 66,900 [1]
Less accumulated depreciation and amortization (18,947) (17,889) [1]
Property, plant and equipment, net 50,484 49,011 [1]
Total assets 118,024 110,878 [1]
Current liabilities:    
Short-term debt 4,438 4,166 [1]
Accounts payable – trade 1,318 1,461 [1]
Accounts payable – other 190 203 [1]
Accrued compensation and benefits 475 521 [1]
Regulatory liabilities 29 3 [1]
Current portion of long-term debt and finance leases 1,528 1,876 [1]
Greenhouse gas obligations 202 203 [1]
Total current liabilities 23,209 21,894 [1]
Long-term debt and finance leases 31,508 28,979 [1]
Deferred credits and other liabilities:    
Regulatory liabilities 4,464 4,250 [1]
Greenhouse gas obligations 1,301 957 [1]
Pension obligation, net of plan assets 105 124 [1]
Deferred income taxes 6,555 6,127 [1]
Asset retirement obligations 3,876 3,743 [1]
Deferred credits and other 2,830 2,805 [1]
Total deferred credits and other liabilities 19,131 18,006 [1]
Commitments and contingencies [1]
Equity:    
Common stock 14,760 14,699 [1]
Retained earnings 18,513 17,092 [1]
Accumulated other comprehensive income (loss) 54 (197) [1]
Total shareholders’ equity 33,327 31,594 [1]
Total liabilities, contingently redeemable noncontrolling interest, and equity 118,024 110,878 [1]
Related Party    
Current assets:    
Due from unconsolidated affiliates 53 0
Current liabilities:    
Other current liabilities 0 8 [1]
Nonrelated Party    
Current liabilities:    
Other current liabilities 984 979 [1]
San Diego Gas and Electric Company    
Current assets:    
Cash and cash equivalents 2 7 [2]
Accounts receivable – trade, net 1,009 809 [2]
Accounts receivable – other, net 90 92 [2]
Due from unconsolidated affiliates 6 1 [2]
Income taxes receivable, net 44 30 [2]
Inventories 255 267 [2]
Prepaid expenses 179 121 [2]
Regulatory assets 258 433 [2]
Greenhouse gas allowances 29 28 [2]
Other current assets 37 18 [2]
Total current assets 1,909 1,806 [2]
Other assets:    
Regulatory assets 2,298 1,953 [2]
Greenhouse gas allowances 312 286 [2]
Nuclear decommissioning trusts 891 899 [2]
Right-of-use assets – operating leases 972 1,047 [2]
Wildfire fund 226 246 [2]
Other long-term assets 123 141 [2]
Total other assets 4,822 4,572 [2]
Property, plant and equipment:    
Property, plant and equipment 36,259 35,033 [2]
Less accumulated depreciation and amortization (9,274) (8,729) [2]
Property, plant and equipment, net 26,985 26,304 [2]
Total assets 33,716 32,682 [2]
Current liabilities:    
Short-term debt 191 531 [2]
Accounts payable – trade 698 712 [2]
Accounts payable – other 50 42 [2]
Interest payable 128 94 [2]
Accrued compensation and benefits 140 174 [2]
Regulatory liabilities 29 3 [2]
Current portion of long-term debt and finance leases 52 798 [2]
Greenhouse gas obligations 29 28 [2]
Asset retirement obligations 114 107 [2]
Total current liabilities 1,867 2,821 [2]
Long-term debt and finance leases 11,141 10,081 [2]
Deferred credits and other liabilities:    
Regulatory liabilities 3,149 2,960 [2]
Greenhouse gas obligations 197 137 [2]
Pension obligation, net of plan assets 26 19 [2]
Deferred income taxes 3,459 3,286 [2]
Asset retirement obligations 755 746 [2]
Deferred credits and other 1,627 1,699 [2]
Total deferred credits and other liabilities 9,213 8,847 [2]
Commitments and contingencies [2]
Equity:    
Preferred stock 0 0 [2]
Common stock 1,660 1,660 [2]
Retained earnings 9,841 9,279 [2]
Accumulated other comprehensive income (loss) (6) (6) [2]
Total shareholders’ equity 11,495 10,933 [2]
Total liabilities, contingently redeemable noncontrolling interest, and equity 33,716 32,682 [2]
San Diego Gas and Electric Company | Related Party    
Current assets:    
Due from unconsolidated affiliates 6 1
Current liabilities:    
Other current liabilities 46 59 [2]
San Diego Gas and Electric Company | Nonrelated Party    
Current liabilities:    
Other current liabilities $ 390 $ 273 [2]
[1] Derived from audited financial statements.
[2] Derived from audited financial statements.