CONDENSED BALANCE SHEETS - SoCalGas - 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]
Due from unconsolidated affiliates	15	13	[1]
Inventories	568	559	[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]
Right-of-use assets – operating leases	1,177	1,177	[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]
Accounts payable – trade	1,976	2,238	[1]
Accounts payable – other	179	208	[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 obligation, 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]
Related Party
Current assets:
Due from unconsolidated affiliates	15	13
Nonrelated Party
Current liabilities:
Other current liabilities	1,320	1,251	[1]
SoCalGas
Current assets:
Cash and cash equivalents	40	12	[1]
Accounts receivable – trade, net	1,018	932	[1]
Accounts receivable – other, net	83	71	[1]
Due from unconsolidated affiliates	34	16	[1]
Inventories	238	287	[1]
Regulatory assets	25	42	[1]
Greenhouse gas allowances	178	176	[1]
Other current assets	73	71	[1]
Total current assets	1,689	1,607	[1]
Other assets:
Regulatory assets	2,029	1,844	[1]
Greenhouse gas allowances	671	526	[1]
Right-of-use assets – operating leases	14	18	[1]
Other long-term assets	607	609	[1]
Total other assets	3,321	2,997	[1]
Property, plant and equipment:
Property, plant and equipment	29,479	29,084	[1]
Less accumulated depreciation and amortization	(8,482)	(8,330)	[1]
Property, plant and equipment, net	20,997	20,754	[1]
Total assets	26,007	25,358	[1]
Current liabilities:
Short-term debt	847	1,037	[1]
Accounts payable – trade	502	752	[1]
Accounts payable – other	137	158	[1]
Accrued compensation and benefits	182	245	[1]
Regulatory liabilities	283	64	[1]
Current portion of long-term debt and finance leases	374	373	[1]
Greenhouse gas obligations	178	176	[1]
Asset retirement obligations	89	91	[1]
Total current liabilities	3,233	3,385	[1]
Long-term debt and finance leases	7,039	7,031	[1]
Deferred credits and other liabilities:
Regulatory liabilities	1,097	1,115	[1]
Greenhouse gas obligations	633	410	[1]
Pension obligation, net of plan assets	57	45	[1]
Deferred income taxes	2,101	2,005	[1]
Asset retirement obligations	2,865	2,839	[1]
Deferred credits and other	376	367	[1]
Total deferred credits and other liabilities	7,129	6,781	[1]
Commitments and contingencies			[1]
Equity:
Preferred stock	22	22	[1]
Common stock	2,316	2,316	[1]
Retained earnings	6,293	5,850	[1]
Accumulated other comprehensive income (loss)	(25)	(27)	[1]
Total shareholders’ equity	8,606	8,161	[1]
Total liabilities and equity	26,007	25,358	[1]
SoCalGas | Related Party
Current assets:
Due from unconsolidated affiliates	34	16
Current liabilities:
Other current liabilities	25	38	[1]
SoCalGas | Nonrelated Party
Current liabilities:
Other current liabilities	$ 616	$ 451	[1]

[1] Derived from audited financial statements.