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OTHER FINANCIAL DATA (Tables)

3 Months Ended

Jun. 30, 2011

Other Financial Data (Tables) [Abstract]

GOODWILL
(Dollars in millions)
		June 30,		December 31,
		2011		2010
Sempra Pipelines & Storage(1)		$	1,053	$	81
Parent and Other			6		6
		$	1,059	$	87
(1)	Includes $972 million at June 30, 2011 related to Chilquinta Energía and Luz del Sur, whose functional currencies are their local currencies. This causes the goodwill amount to fluctuate from period-to-period from the translation to U.S. dollars. We record the offset of this fluctuation to other comprehensive income.

Net Periodic Benefit Cost Table

NET PERIODIC BENEFIT COST -- SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
	Pension Benefits				Other Postretirement Benefits
	Three months ended June 30,				Three months ended June 30,
	2011		2010		2011		2010
Service cost	$	21	$	20	$	8	$	8
Interest cost		42		41		16		14
Expected return on assets		(36)		(36)		(12)		(11)
Amortization of:
Prior service cost (credit)		1		1		―		(1)
Actuarial loss		9		7		5		2
Settlement		10		―		―		―
Regulatory adjustment		4		10		2		2
Total net periodic benefit cost	$	51	$	43	$	19	$	14
	Six months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Service cost	$	43	$	42	$	15	$	15
Interest cost		85		84		33		29
Expected return on assets		(73)		(72)		(24)		(23)
Amortization of:
Prior service cost (credit)		2		2		―		(1)
Actuarial loss		18		15		9		4
Settlement		10		―		―		―
Regulatory adjustment		(25)		(19)		4		4
Total net periodic benefit cost	$	60	$	52	$	37	$	28

NET PERIODIC BENEFIT COST -- SDG&E
(Dollars in millions)
	Pension Benefits				Other Postretirement Benefits
	Three months ended June 30,				Three months ended June 30,
	2011		2010		2011		2010
Service cost	$	8	$	7	$	2	$	1
Interest cost		12		12		3		3
Expected return on assets		(13)		(11)		(2)		(1)
Amortization of:
Prior service cost		―		―		1		1
Actuarial loss		3		3		―		―
Settlement		1		―		―		―
Regulatory adjustment		7		7		―		―
Total net periodic benefit cost	$	18	$	18	$	4	$	4
	Six months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Service cost	$	15	$	14	$	4	$	3
Interest cost		25		24		5		5
Expected return on assets		(25)		(21)		(4)		(3)
Amortization of:
Prior service cost		1		1		2		2
Actuarial loss		5		6		―		―
Settlement		1		―		―		―
Regulatory adjustment		(2)		(5)		1		1
Total net periodic benefit cost	$	20	$	19	$	8	$	8

NET PERIODIC BENEFIT COST -- SOCALGAS
(Dollars in millions)
	Pension Benefits				Other Postretirement Benefits
	Three months ended June 30,				Three months ended June 30,
	2011		2010		2011		2010
Service cost	$	12	$	11	$	5	$	5
Interest cost		25		24		14		11
Expected return on assets		(21)		(22)		(10)		(10)
Amortization of:
Prior service credit		―		―		(1)		(1)
Actuarial loss		4		2		4		2
Settlement		1		―		―		―
Regulatory adjustment		(3)		3		2		2
Total net periodic benefit cost	$	18	$	18	$	14	$	9
	Six months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Service cost	$	24	$	23	$	10	$	10
Interest cost		50		49		27		23
Expected return on assets		(43)		(45)		(20)		(20)
Amortization of:
Prior service cost (credit)		1		1		(2)		(2)
Actuarial loss		8		5		9		4
Settlement		1		―		―		―
Regulatory adjustment		(23)		(14)		3		3
Total net periodic benefit cost	$	18	$	19	$	27	$	18

Contributions to Benefit Plans Table

	Sempra Energy
(Dollars in millions)	Consolidated		SDG&E		SoCalGas
Contributions through June 30, 2011:
Pension plans	$	70	$	17	$	22
Other postretirement benefit plans		37		8		28
Total expected contributions in 2011:
Pension plans	$	249	$	81	$	120
Other postretirement benefit plans		76		16		55

Earnings Per Share Computations Table

EARNINGS PER SHARE COMPUTATIONS
(Dollars in millions, except per share amounts; shares in thousands)
	Three months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Numerator:
Earnings/Income attributable to common shareholders	$	511	$	222	$	769	$	328

Denominator:
Weighted-average common shares outstanding for basic EPS		239,415		246,784		239,769		246,435
Dilutive effect of stock options, restricted stock awards and restricted stock units		1,346		2,943		1,385		3,400
Weighted-average common shares outstanding for diluted EPS		240,761		249,727		241,154		249,835

Earnings per share:
Basic	$	2.14	$	0.90	$	3.21	$	1.33
Diluted	$	2.12	$	0.89	$	3.19	$	1.31

Total Shareholder Return Ranking Table

Four-Year Cumulative Total Shareholder Return Ranking versus S&P 500 Utilities Index(1)	Number of Sempra Energy Common Shares Received for Each Restricted Stock Unit
75th Percentile or Above	1.5
50th Percentile	1
35th Percentile or Below	―
(1) If Sempra Energy ranks at or above the 50th percentile compared to the S&P 500 Utilities Index, participants will receive a maximum of 1.0 share for each restricted stock unit.

Capitalized Financing Costs Table

CAPITALIZED FINANCING COSTS
(Dollars in millions)
	Three months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Sempra Energy Consolidated:
AFUDC related to debt	$	9	$	5	$	17	$	10
AFUDC related to equity		22		14		41		27
Other capitalized financing costs		8		11		14		18
Total Sempra Energy Consolidated	$	39	$	30	$	72	$	55
SDG&E:
AFUDC related to debt	$	8	$	4	$	14	$	7
AFUDC related to equity		18		10		33		19
Total SDG&E	$	26	$	14	$	47	$	26
SoCalGas:
AFUDC related to debt	$	1	$	1	$	3	$	3
AFUDC related to equity		4		4		8		8
Total SoCalGas	$	5	$	5	$	11	$	11

Comprehensive Income Table

COMPREHENSIVE INCOME
(Dollars in millions)
		Three months ended June 30,
		2011						2010
		Share-		Non-				Share-		Non-
		holders'		controlling		Total		holders'		controlling		Total
		Equity(1)		Interests		Equity		Equity(1)		Interests		Equity
Sempra Energy Consolidated:
	Net income (loss)(2)	$	514	$	(12)	$	502	$	225	$	(20)	$	205
	Foreign currency translation
	adjustments		29		6		35		(17)		―		(17)
	Reclassification to net income of
	foreign currency translation
	adjustment related to equity
	method investments(3)		(54)		―		(54)		―		―		―
	Financial instruments		(6)		(10)		(16)		(9)		2		(7)
	Available-for-sale securities		―		―		―		(3)		―		(3)
	Net actuarial gain		5		―		5		2		―		2
	Comprehensive income (loss)	$	488	$	(16)	$	472	$	198	$	(18)	$	180
SDG&E:
	Net income (loss)	$	72	$	(19)	$	53	$	76	$	(21)	$	55
	Financial instruments		―		(10)		(10)		―		2		2
	Net actuarial gain		―		―		―		1		―		1
	Comprehensive income (loss)	$	72	$	(29)	$	43	$	77	$	(19)	$	58
SoCalGas:
	Net income	$	60	$	―	$	60	$	70	$	―	$	70
	Financial instruments		1		―		1		1		―		1
	Comprehensive income	$	61	$	―	$	61	$	71	$	―	$	71
(1)	Shareholders' equity of Sempra Energy Consolidated, SDG&E or SoCalGas as indicated in left margin.
(2)	Before preferred dividends of subsidiaries.
(3)	Related to the acquisition of Chilquinta Energía and Luz del Sur.

COMPREHENSIVE INCOME
(Dollars in millions)
		Six months ended June 30,
		2011						2010
		Share-		Non-				Share-		Non-
		holders'		controlling		Total		holders'		controlling		Total
		Equity(1)		Interests		Equity		Equity(1)		Interests		Equity
Sempra Energy Consolidated:
Net income (loss)(2)		$	774	$	(8)	$	766	$	333	$	(28)	$	305
Foreign currency translation
adjustments			23		6		29		(21)		―		(21)
Reclassification to net income of
foreign currency translation
adjustment related to equity
method investments(3)			(54)		―		(54)		―		―		―
Financial instruments			(4)		(9)		(13)		(9)		4		(5)
Available-for-sale securities			―		―		―		(3)		―		(3)
Net actuarial gain			7		―		7		3		―		3
Comprehensive income (loss)		$	746	$	(11)	$	735	$	303	$	(24)	$	279
SDG&E:
Net income (loss)		$	162	$	(15)	$	147	$	160	$	(29)	$	131
Financial instruments			―		(9)		(9)		―		4		4
Net actuarial gain			―		―		―		1		―		1
Comprehensive income (loss)		$	162	$	(24)	$	138	$	161	$	(25)	$	136
SoCalGas:
Net income		$	128	$	―	$	128	$	135	$	―	$	135
Financial instruments			1		―		1		1		―		1
Comprehensive income		$	129	$	―	$	129	$	136	$	―	$	136
(1)	Shareholders' equity of Sempra Energy Consolidated, SDG&E or SoCalGas as indicated in left margin.
(2)	Before preferred dividends of subsidiaries.
(3)	Related to the acquisition of Chilquinta Energía and Luz del Sur.

INCOME TAX EXPENSE (BENEFIT) ASSOCIATED WITH OTHER COMPREHENSIVE INCOME
(Dollars in millions)
		Three months ended June 30,
		2011						2010
		Share-		Non-				Share-		Non-
		holders'		controlling		Total		holders'		controlling		Total
		Equity(1)		Interests		Equity		Equity(1)		Interests		Equity
Sempra Energy Consolidated:
Financial instruments		$	(1)	$	―	$	(1)	$	(6)	$	―	$	(6)
Available-for-sale securities			―		―		―		(1)		―		(1)
Net actuarial gain			3		―		3		1		―		1
SoCalGas:
Financial instruments		$	1	$	―	$	1	$	1	$	―	$	1

		Six months ended June 30,
		2011						2010
		Share-		Non-				Share-		Non-
		holders'		controlling		Total		holders'		controlling		Total
		Equity(1)		Interests		Equity		Equity(1)		Interests		Equity
Sempra Energy Consolidated:
Financial instruments		$	―	$	―	$	―	$	(6)	$	―	$	(6)
Available-for-sale securities			―		―		―		(1)		―		(1)
Net actuarial gain			4		―		4		2		―		2
SoCalGas:
Financial instruments		$	1	$	―	$	1	$	1	$	―	$	1
(1)	Shareholders' equity of Sempra Energy Consolidated or SoCalGas as indicated in left margin.

Shareholders' Equity and Noncontrolling Interests Table

SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS
(Dollars in millions)
		Sempra
		Energy		Non-
		Shareholders'		controlling		Total
		Equity		Interests		Equity
Balance at December 31, 2010	$	9,027	$	211	$	9,238
Comprehensive income (loss)		746		(11)		735
Share-based compensation expense		24		―		24
Common stock dividends declared		(230)		―		(230)
Preferred dividends of subsidiaries		(5)		―		(5)
Issuance of common stock		19		―		19
Tax benefit related to share-based compensation		5		―		5
Repurchase of common stock		(18)		―		(18)
Common stock released from ESOP		11		―		11
Distributions to noncontrolling interests		―		(6)		(6)
Acquisition of South American entities		―		279		279
Redemption of preferred stock of subsidiary		―		(80)		(80)
Balance at June 30, 2011	$	9,579	$	393	$	9,972
Balance at December 31, 2009	$	9,007	$	244	$	9,251
Comprehensive income (loss)		303		(24)		279
Share-based compensation expense		22		―		22
Common stock dividends declared		(193)		―		(193)
Preferred dividends of subsidiaries		(5)		―		(5)
Issuance of common stock		46		―		46
Tax benefit related to share-based compensation		1		―		1
Repurchase of common stock		(2)		―		(2)
Common stock released from ESOP		11		―		11
Balance at June 30, 2010	$	9,190	$	220	$	9,410

SHAREHOLDER'S EQUITY AND NONCONTROLLING INTEREST
(Dollars in millions)
		SDG&E		Non-
		Shareholder's		controlling		Total
		Equity		Interest		Equity
Balance at December 31, 2010	$	3,108	$	113	$	3,221
Comprehensive income		162		(24)		138
Preferred stock dividends declared		(2)		―		(2)
Capital contribution		200		―		200
Balance at June 30, 2011	$	3,468	$	89	$	3,557
Balance at December 31, 2009	$	2,739	$	146	$	2,885
Comprehensive income (loss)		161		(25)		136
Preferred stock dividends declared		(2)		―		(2)
Balance at June 30, 2010	$	2,898	$	121	$	3,019

Amounts Due To and From Affiliates at SDG&E and SoCalGas Table

AMOUNTS DUE TO AND FROM AFFILIATES AT SDG&E AND SOCALGAS
(Dollars in millions)
		June 30,		December 31,
		2011		2010
SDG&E
Current:
Due from SoCalGas		$	―	$	11
Due from various affiliates			1		1
		$	1	$	12

Due to Sempra Energy		$	28	$	16
Due to SoCalGas			5		―
		$	33	$	16

Income taxes due from Sempra Energy(1)		$	55	$	25

SoCalGas
Current:
Due from Sempra Energy		$	282	$	60
Due from SDG&E			5		―
Due from various affiliates			―		3
		$	287	$	63

Due to SDG&E		$	―	$	11

Income taxes due to Sempra Energy(1)		$	(7)	$	(3)
(1)	SDG&E and SoCalGas are included in the consolidated income tax return of Sempra Energy and are allocated income tax expense from Sempra Energy in an amount equal to that which would result from the companies' having always filed a separate return.

Revenues From Unconsolidated Affiliates at the Sempra Utilities Table

REVENUES FROM UNCONSOLIDATED AFFILIATES AT THE SEMPRA UTILITIES
(Dollars in millions)

	Three months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
SDG&E	$	1	$	4	$	3	$	5
SoCalGas		12		10		25		21

Amounts Recorded For Transactions with RBS Sempra Commodities Table

AMOUNTS RECORDED FOR TRANSACTIONS WITH RBS SEMPRA COMMODITIES
(Dollars in millions)

		Three months ended June 30,				Six months ended June 30,
		2011(1)		2010		2011(1)		2010
Revenues:
SoCalGas		$	―	$	3	$	―	$	7
Sempra Generation(2)			(5)		―		4		9
Sempra LNG			4		66		40		139
Total revenues		$	(1)	$	69	$	44	$	155

Cost of natural gas:
SDG&E		$	―	$	―	$	―	$	1
SoCalGas			―		11		―		23
Sempra Generation			4		12		30		28
Sempra Pipelines & Storage			7		7		14		16
Sempra LNG			2		78		30		145
Total cost of natural gas		$	13	$	108	$	74	$	213
(1)	With the exception of Sempra Pipelines & Storage, whose contract with RBS Sempra Commodities expired in July 2011, amounts only include activities prior to May 1, 2011, the date by which substantially all the contracts with RBS Sempra Commodities were assigned to buyers of the joint venture businesses.
(2)	Includes amounts in 2010 for Sempra Rockies Marketing, previously reported in our former Sempra Commodities segment as we discuss in Note 11.

				December 31,
				2010
Fixed-price contracts and other derivatives - Net Asset (Liability):
Sempra Generation				$	17
Sempra LNG					(35)
Total				$	(18)

Due to unconsolidated affiliates:
Sempra Generation				$	11
Sempra LNG					13
Parent and other					11
Total				$	35

Due from unconsolidated affiliates:
SoCalGas				$	3
Sempra Generation					13
Sempra LNG					13
Parent and other					5
Total				$	34

Other Income and Expense Table

OTHER INCOME (EXPENSE), NET
(Dollars in millions)
		Three months ended June 30,				Six months ended June 30,
		2011		2010		2011		2010
Sempra Energy Consolidated:
Allowance for equity funds used during construction		$	22	$	14	$	41	$	27
Investment gains(1)			11		2		19		5
Gains (losses) on interest rate and foreign exchange instruments(2)			2		(14)		12		(23)
Regulatory interest, net			1		―		1		(1)
Sundry, net			(5)		6		1		8
Total		$	31	$	8	$	74	$	16
SDG&E:
Allowance for equity funds used during construction		$	18	$	10	$	33	$	19
Losses on interest rate instruments(3)			―		(25)		―		(34)
Regulatory interest, net			1		1		1		―
Sundry, net			(6)		(2)		(5)		(1)
Total		$	13	$	(16)	$	29	$	(16)
SoCalGas:
Allowance for equity funds used during construction		$	4	$	4	$	8	$	8
Sundry, net			(1)		(2)		(2)		(2)
Total		$	3	$	2	$	6	$	6
(1)	Represents investment gains on dedicated assets in support of our executive retirement and deferred compensation plans. These amounts are partially offset by corresponding changes in compensation expense related to the plans.
(2)	Sempra Energy Consolidated includes Otay Mesa VIE and additional instruments.
(3)	Related to Otay Mesa VIE.

Income Tax Expense and Effective Income Tax Rates Table

INCOME TAX EXPENSE AND EFFECTIVE INCOME TAX RATES
(Dollars in millions)
		Three months ended June 30,
		2011				2010
		Income Tax	Effective Income			Income Tax	Effective Income
		Expense	Tax Rate			Expense	Tax Rate
Sempra Energy Consolidated	$	92	16	%	$	59	25	%
SDG&E		42	44			44	44
SoCalGas		28	32			34	33
		Six months ended June 30,
		2011				2010
		Income Tax	Effective Income			Income Tax	Effective Income
		Expense	Tax Rate			Expense	Tax Rate
Sempra Energy Consolidated	$	201	22	%	$	117	31	%
SDG&E		91	38			75	36
SoCalGas		65	34			90	40