CONDENSED BALANCE SHEETS - SDG&E - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,739	$ 1,565	[1]
Accounts receivable – trade, net	2,107	1,983	[1]
Accounts receivable – other, net	432	397	[1]
Income taxes receivable	66	90	[1]
Inventories	568	559	[1]
Prepaid expenses	227	255	[1]
Regulatory assets	86	60	[1]
Greenhouse gas allowances	218	217	[1]
Other current assets	51	34	[1]
Total current assets	5,665	5,285	[1]
Other assets:
Regulatory assets	4,272	3,937	[1]
Greenhouse gas allowances	1,053	845	[1]
Nuclear decommissioning trusts	865	875	[1]
Right-of-use assets – operating leases	1,177	1,177	[1]
Wildfire fund	258	262	[1]
Other long-term assets	1,656	1,749	[1]
Total other assets	30,304	29,433	[1]
Property, plant and equipment:
Property, plant and equipment	82,437	80,397	[1]
Less accumulated depreciation and amortization	(19,396)	(18,960)	[1]
Property, plant and equipment, net	63,041	61,437	[1]
Total assets	99,010	96,155	[1]
Current liabilities:
Short-term debt	2,113	2,016	[1]
Accrued compensation and benefits	398	558	[1]
Regulatory liabilities	490	141	[1]
Current portion of long-term debt and finance leases	2,331	2,274	[1]
Greenhouse gas obligations	218	217	[1]
Total current liabilities	9,934	9,676	[1]
Long-term debt and finance leases	33,286	31,558	[1]
Deferred credits and other liabilities:
Regulatory liabilities	3,847	3,817	[1]
Greenhouse gas obligations	755	506	[1]
Pension and other postretirement benefit plan obligations, net of plan assets	188	168	[1]
Deferred income taxes	5,988	5,845	[1]
Asset retirement obligations	3,751	3,737	[1]
Deferred credits and other	2,704	2,708	[1]
Total deferred credits and other liabilities	17,588	17,133	[1]
Commitments and contingencies			[1]
Equity:
Common stock	13,484	13,520	[1]
Retained earnings	17,465	16,979	[1]
Accumulated other comprehensive income (loss)	(195)	(166)	[1]
Total shareholders’ equity	31,643	31,222	[1]
Total liabilities and equity	99,010	96,155	[1]
Nonrelated Party
Current liabilities:
Other current liabilities	1,320	1,251	[1]
SDG&E
Current assets:
Cash and cash equivalents	607	0	[2]
Accounts receivable – trade, net	830	774	[2]
Accounts receivable – other, net	104	89	[2]
Income taxes receivable	10	27	[2]
Inventories	232	202	[2]
Prepaid expenses	123	139	[2]
Regulatory assets	60	16	[2]
Greenhouse gas allowances	27	27	[2]
Other current assets	28	27	[2]
Total current assets	2,021	1,301	[2]
Other assets:
Regulatory assets	2,174	2,024	[2]
Greenhouse gas allowances	281	272	[2]
Nuclear decommissioning trusts	865	875	[2]
Right-of-use assets – operating leases	801	795	[2]
Wildfire fund	258	262	[2]
Other long-term assets	129	133	[2]
Total other assets	4,508	4,361	[2]
Property, plant and equipment:
Property, plant and equipment	33,586	33,162	[2]
Less accumulated depreciation and amortization	(8,259)	(8,051)	[2]
Property, plant and equipment, net	25,327	25,111	[2]
Total assets	31,856	30,773	[2]
Current liabilities:
Short-term debt	137	417	[2]
Accounts payable	715	742	[2]
Interest payable	115	84	[2]
Accrued compensation and benefits	101	175	[2]
Accrued franchise fees	71	54	[2]
Regulatory liabilities	205	75	[2]
Current portion of long-term debt and finance leases	43	42	[2]
Greenhouse gas obligations	27	27	[2]
Asset retirement obligations	96	97	[2]
Total current liabilities	1,811	1,987	[2]
Long-term debt and finance leases	10,851	10,018	[2]
Deferred credits and other liabilities:
Regulatory liabilities	2,750	2,701	[2]
Greenhouse gas obligations	85	62	[2]
Pension and other postretirement benefit plan obligations, net of plan assets	37	28	[2]
Deferred income taxes	3,258	3,211	[2]
Asset retirement obligations	792	803	[2]
Deferred credits and other	1,427	1,399	[2]
Total deferred credits and other liabilities	8,349	8,204	[2]
Commitments and contingencies			[2]
Equity:
Preferred stock	0	0	[2]
Common stock	1,660	1,660	[2]
Retained earnings	9,197	8,916	[2]
Accumulated other comprehensive income (loss)	(12)	(12)	[2]
Total shareholders’ equity	10,845	10,564	[2]
Total liabilities and equity	31,856	30,773	[2]
SDG&E | Related Party
Current liabilities:
Other current liabilities	67	59	[2]
SDG&E | Nonrelated Party
Current liabilities:
Other current liabilities	$ 234	$ 215	[2]

[1] Derived from audited financial statements.

[2] Derived from audited financial statements.