1.0.0.3 false AVAILABLE FOR SALE SECURITIES false 1 $ false false 2 Notes to Condensed Consolidated Financial Statements 0 sre_NotesToConsolidatedFinancialStatementsAbstract sre false na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false No definition available. false 3 Available-for-sale Securities [Text Block] 1 us-gaap_AvailableForSaleSecuritiesTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <HTML><HEAD><META content="text/html; charset=utf-8" /></HEAD><BODY><DIV>NOTE 4. INVESTMENTS IN UNCONSOLIDATED ENTITIES</DIV><DIV>SEMPRA ENERGY AND SDG&E Available-for-Sale Securities During the six months ended June 30, 2008, Sempra Energy and SDG&E purchased $252 million and $161 million, respectively, of SDG&E's industrial development bonds, net of purchases and sales between Sempra Energy and SDG&E as the cash flow needs of each entity changed. In December 2008, SDG&E remarketed $237 million of these industrial development bonds. In June 2009, SDG&E remarketed the remaining $176 million of these industrial development bonds at a fixed rate of 5.875 percent, maturing in 2034. At December 31, 2008, the $176 million of industrial development bonds, $24 million of which were held by SDG&E, were classified as available-for-sale securities and included in Short-Term Investments on the Condensed Consolidated Balance Sheets. In the first six months of 2009, SDG&E purchased $152 million of the bonds from Sempra Energy prior to their remarketing. We discuss these bonds further in Note 6 of the Notes to Consolidated Financial Statements in the Annual Report. </DIV><DIV>Nuclear Decommissioning Trusts </DIV><DIV><TABLE style="border-collapse: collapse; margin-top: 20px;"><TR><TD colspan="10" width="650" height="19" align="left" style="border-top: 1px solid #000000;">NUCLEAR DECOMMISSIONING TRUSTS</TD></TR><TR><TD colspan="10" width="650" height="19" align="left">(Dollars in millions)</TD></TR><TR><TD width="33" height="14" align="left"> </TD><TD width="285" height="14" align="left"> </TD><TD colspan="2" width="83" height="14" align="center"> </TD><TD colspan="2" width="83" height="14" align="center">Gross</TD><TD colspan="2" width="83" height="14" align="center">Gross</TD><TD colspan="2" width="83" height="14" align="center">Estimated</TD></TR><TR><TD width="33" height="14" align="left"> </TD><TD width="285" height="14" align="left"> </TD><TD colspan="2" width="83" height="14" align="center"> </TD><TD colspan="2" width="83" height="14" align="center">Unrealized</TD><TD colspan="2" width="83" height="14" align="center">Unrealized</TD><TD colspan="2" width="83" height="14" align="center">Fair</TD></TR><TR><TD width="33" height="14" align="left" style="border-bottom: 1px solid #000000;"> </TD><TD width="285" height="14" align="left" style="border-bottom: 1px solid #000000;"> </TD><TD colspan="2" width="83" height="14" align="center" style="border-bottom: 1px solid #000000;">Cost</TD><TD colspan="2" width="83" height="14" align="center" style="border-bottom: 1px solid #000000;">Gains</TD><TD colspan="2" width="83" height="14" align="center" style="border-bottom: 1px solid #000000;">Losses</TD><TD colspan="2" width="83" height="14" align="center" style="border-bottom: 1px solid #000000;">Value</TD></TR><TR><TD colspan="2" width="318" height="16" align="left" style="border-top: 1px solid #000000;">As of June 30, 2009:</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 1px solid #000000;"> </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 1px solid #000000;"> </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 1px solid #000000;"> </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 1px solid #000000;"> </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Debt securities</TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">    U.S. government issues*</TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> 133 </TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> 15 </TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> (2)</TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> 146 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">    Municipal bonds**</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 74 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 1 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> (5)</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 70 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Total debt securities</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 207 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 16 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> (7)</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 216 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Equity securities</TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> 237 </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> 120 </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> (18)</TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> 339 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Cash and other securities***</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 25 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 1 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> (1)</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 25 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left" style="border-bottom: 3px solid #000000;">Total available-for-sale securities</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> 469 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> 137 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> (26)</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> 580 </TD></TR><TR><TD width="33" height="16" align="left" style="border-top: 3px solid #000000;"> </TD><TD width="285" height="16" align="left" style="border-top: 3px solid #000000;"> </TD><TD width="22" height="16" align="right" style="border-top: 3px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 3px solid #000000;"> </TD><TD width="22" height="16" align="right" style="border-top: 3px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 3px solid #000000;"> </TD><TD width="22" height="16" align="right" style="border-top: 3px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 3px solid #000000;"> </TD><TD width="22" height="16" align="right" style="border-top: 3px solid #000000;"> </TD><TD width="61" height="16" align="left" style="border-top: 3px solid #000000;"> </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">As of December 31, 2008:</TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Debt securities</TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="left"> </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">    U.S. government issues</TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> 127 </TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> 28 </TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> - </TD><TD width="22" height="16" align="right">$</TD><TD width="61" height="16" align="right"> 155 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">    Municipal bonds</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 69 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 1 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> (9)</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 61 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Total debt securities</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 196 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 29 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> (9)</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 216 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Equity securities</TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> 251 </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> 105 </TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> (36)</TD><TD width="22" height="16" align="right"> </TD><TD width="61" height="16" align="right"> 320 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left">Cash and other securities</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 40 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 3 </TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> (2)</TD><TD width="22" height="16" align="right" style="border-bottom: 1px solid #000000;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 1px solid #000000;"> 41 </TD></TR><TR><TD colspan="2" width="318" height="16" align="left" style="border-bottom: 3px solid #000000;">Total available-for-sale securities</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> 487 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> 137 </TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> (47)</TD><TD width="22" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;"> 577 </TD></TR><TR><TD width="33" height="16" align="left" style="border-top: 3px solid #000000;">*</TD><TD colspan="9" width="617" height="16" align="left" style="border-top: 3px solid #000000;">Maturity dates are 2009-2038</TD></TR><TR><TD width="33" height="16" align="left">**</TD><TD colspan="9" width="617" height="16" align="left">Maturity dates are 2009-2043</TD></TR><TR><TD width="33" height="16" align="left">***</TD><TD colspan="9" width="617" height="16" align="left">Maturity dates are 2009-2049</TD></TR></TABLE></DIV><DIV>The following table shows the proceeds from sales of securities in the trusts and gross realized gains and losses on those sales:</DIV><DIV><TABLE style="border-collapse: collapse; margin-top: 20px;"><TR><TD colspan="9" width="477" height="19" align="left" style="border-top: 1px solid #000000;">SALES OF SECURITIES</TD></TR><TR><TD colspan="9" width="477" height="19" align="left">(Dollars in millions)</TD></TR><TR><TD width="145" height="14" align="left"> </TD><TD colspan="4" width="166" height="14" align="center" style="border-bottom: 1px solid #000000;">Three months ended June 30,</TD><TD colspan="4" width="166" height="14" align="center" style="border-bottom: 1px solid #000000;">Six months ended June 30,</TD></TR><TR><TD width="145" height="14" align="left" style="border-bottom: 1px solid #000000;"> </TD><TD colspan="2" width="83" height="14" align="center" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;">2009 </TD><TD colspan="2" width="83" height="14" align="center" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;">2008 </TD><TD colspan="2" width="83" height="14" align="center" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;">2009 </TD><TD colspan="2" width="83" height="14" align="center" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;">2008 </TD></TR><TR><TD width="145" height="16" align="left" style="border-top: 1px solid #000000;">Proceeds from sales</TD><TD width="22" height="16" align="left" style="border-top: 1px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 49 </TD><TD width="22" height="16" align="left" style="border-top: 1px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 38 </TD><TD width="22" height="16" align="left" style="border-top: 1px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 88 </TD><TD width="22" height="16" align="left" style="border-top: 1px solid #000000;">$</TD><TD width="61" height="16" align="right" style="border-top: 1px solid #000000;"> 169 </TD></TR><TR><TD width="145" height="16" align="left">Gross realized gains</TD><TD width="22" height="16" align="left"> </TD><TD width="61" height="16" align="right"> 1 </TD><TD width="22" height="16" align="left"> </TD><TD width="61" height="16" align="right"> 1 </TD><TD width="22" height="16" align="left"> </TD><TD width="61" height="16" align="right"> 4 </TD><TD width="22" height="16" align="left"> </TD><TD width="61" height="16" align="right"> 7 </TD></TR><TR><TD width="145" height="16" align="left" style="border-bottom: 3px solid #C0C0C0;">Gross realized losses</TD><TD width="22" height="16" align="left" style="border-bottom: 3px solid #C0C0C0;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 3px solid #C0C0C0;"> (7)</TD><TD width="22" height="16" align="left" style="border-bottom: 3px solid #C0C0C0;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 3px solid #C0C0C0;"> (2)</TD><TD width="22" height="16" align="left" style="border-bottom: 3px solid #C0C0C0;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 3px solid #C0C0C0;"> (24)</TD><TD width="22" height="16" align="left" style="border-bottom: 3px solid #C0C0C0;"> </TD><TD width="61" height="16" align="right" style="border-bottom: 3px solid #C0C0C0;"> (11)</TD></TR></TABLE></DIV><DIV>Net unrealized gains (losses) are included in Regulatory Liabilities Arising from Removal Obligations on the Condensed Consolidated Balance Sheets. We determine the cost of securities in the trusts on the basis of specific identification. The fair value of securities in an unrealized loss position as of June 30, 2009 was $142 million. The unrealized losses of $26 million were primarily caused by a negative market environment. We do not consider these investments to be other than temporarily impaired as of June 30, 2009.</DIV></BODY></HTML> NOTE 4. INVESTMENTS IN UNCONSOLIDATED ENTITIESSEMPRA ENERGY AND SDG&EAvailable-for-Sale SecuritiesDuring the six months ended June 30, 2008, Sempra Energy and false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true