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CONDENSED STATEMENTS OF OPERATIONS - SDG&E - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Electric $ 1,059 $ 1,056
Natural gas 2,362 2,109
Operating expenses:    
Other income, net 91 99
Interest income 34 13
Interest expense (433) (305)
Income before income taxes and equity earnings 651 705
Income tax expense (57) (172)
Net income 919 881
Earnings attributable to common shares 906 801
SDG&E    
REVENUES    
Electric 1,064 1,060
Natural gas 356 319
Operating revenues 1,420 1,379
Operating expenses:    
Cost of electric fuel and purchased power 73 107
Cost of natural gas 87 102
Operation and maintenance 440 411
Depreciation and amortization 320 298
Franchise fees and other taxes 110 104
Total operating expenses 1,030 1,022
Operating income 390 357
Other income, net 40 33
Interest income 0 1
Interest expense (135) (128)
Income before income taxes and equity earnings 295 263
Income tax expense (14) (40)
Net income 281 223
Earnings attributable to common shares $ 281 $ 223