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 Disclosure 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 <div style="font-size:12pt">NOTE 4. INVESTMENTS IN UNCONSOLIDATED ENTITIESSEMPRA ENERGY AND SDG&E Available-for-Sale Securities During the nine months ended September 30, 2008, Sempra Energy and SDG&E purchased $345 million and $68 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. After the remarketing of $237 million of these bonds in the fourth quarter of 2008, the remaining $176 million, $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 June 2009, SDG&E remarketed the remaining $176 million of these bonds at a fixed rate of 5.875 percent, maturing in 2034. Prior to SDG&E's remarketing of the remaining bonds in 2009, SDG&E purchased $152 million of the bonds from Sempra Energy. We discuss these bonds further in Note 6 of the Notes to Consolidated Financial Statements in the Annual Report. Nuclear Decommissioning Trusts We discuss our investments in nuclear decommissioning trust funds in Note 7 of the Notes to Consolidated Financial Statements in the Annual Report. The following table shows the fair values and gross unrealized gains and losses for the securities held in the trust funds:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="650" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">NUCLEAR DECOMMISSIONING TRUSTS</td></tr><tr><td width="650" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="14" width="33" align="left"> </td><td height="14" width="285" align="left"> </td><td width="83" align="center" height="14" colspan="2"> </td><td width="83" align="center" height="14" colspan="2">Gross</td><td width="83" align="center" height="14" colspan="2">Gross</td><td width="83" align="center" height="14" colspan="2">Estimated</td></tr><tr><td height="14" width="33" align="left"> </td><td height="14" width="285" align="left"> </td><td width="83" align="center" height="14" colspan="2"> </td><td width="83" align="center" height="14" colspan="2">Unrealized</td><td width="83" align="center" height="14" colspan="2">Unrealized</td><td width="83" align="center" height="14" colspan="2">Fair</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="33"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="285"> </td><td width="83" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Cost</td><td width="83" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Gains</td><td width="83" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Losses</td><td width="83" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Value</td></tr><tr><td width="318" align="left" colspan="2" style="border-top: 1px solid #000000;" height="16">As of September 30, 2009:</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="61"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="61"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="61"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="61"> </td></tr><tr><td width="318" align="left" height="16" colspan="2">Debt securities</td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td></tr><tr><td width="318" align="left" height="16" colspan="2">    U.S. government*</td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> 141 </td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> 17 </td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> (1)</td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> 157 </td></tr><tr><td width="318" align="left" height="16" colspan="2">    Municipal bonds**</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 67 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 3 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> (2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 68 </td></tr><tr><td width="318" align="left" height="16" colspan="2">Total debt securities</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 208 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 20 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> (3)</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 225 </td></tr><tr><td width="318" align="left" height="16" colspan="2">Equity securities</td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> 236 </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> 171 </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> (6)</td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> 401 </td></tr><tr><td width="318" align="left" height="16" colspan="2">Cash and other securities***</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 35 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 3 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 38 </td></tr><tr><td width="318" align="left" colspan="2" style="border-bottom: 3px solid #000000;" height="16">Total available-for-sale securities</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> 479 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> 194 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> (9)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> 664 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="33"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="285"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="61"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="61"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="61"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="61"> </td></tr><tr><td width="318" align="left" height="16" colspan="2">As of December 31, 2008:</td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td></tr><tr><td width="318" align="left" height="16" colspan="2">Debt securities</td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="left"> </td></tr><tr><td width="318" align="left" height="16" colspan="2">    U.S. government</td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> 127 </td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> 28 </td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="61" align="right"> 155 </td></tr><tr><td width="318" align="left" height="16" colspan="2">    Municipal bonds</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 69 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 1 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> (9)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 61 </td></tr><tr><td width="318" align="left" height="16" colspan="2">Total debt securities</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 196 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 29 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> (9)</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 216 </td></tr><tr><td width="318" align="left" height="16" colspan="2">Equity securities</td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> 251 </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> 105 </td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> (36)</td><td height="16" width="22" align="right"> </td><td height="16" width="61" align="right"> 320 </td></tr><tr><td width="318" align="left" height="16" colspan="2">Cash and other securities</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 40 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 3 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> (2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="61"> 41 </td></tr><tr><td width="318" align="left" colspan="2" style="border-bottom: 3px solid #000000;" height="16">Total available-for-sale securities</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> 487 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> 137 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> (47)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="61"> 577 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="33">*</td><td width="617" align="left" colspan="9" style="border-top: 3px solid #000000;" height="16">Maturity dates are 2012-2039</td></tr><tr><td height="16" width="33" align="left">**</td><td width="617" align="left" height="16" colspan="9">Maturity dates are 2010-2057</td></tr><tr><td height="16" width="33" align="left">***</td><td width="617" align="left" height="16" colspan="9">Maturity dates are 2009-2049</td></tr></table>The following table shows the proceeds from sales of securities in the trusts and gross realized gains and losses on those sales:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="533" align="left" colspan="9" style="border-top: 1px solid #000000;" height="19">SALES OF SECURITIES</td></tr><tr><td width="533" align="left" height="19" colspan="9">(Dollars in millions)</td></tr><tr><td height="14" width="145" align="left"> </td><td width="194" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">Three months ended September 30,</td><td width="194" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">Nine months ended September 30,</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="145"> </td><td width="97" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="97" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="97" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="97" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="145">Proceeds from sales</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 62 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 173 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 150 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 342 </td></tr><tr><td height="16" width="145" align="left">Gross realized gains</td><td height="16" width="22" align="left"> </td><td height="16" width="75" align="right"> - </td><td height="16" width="22" align="left"> </td><td height="16" width="75" align="right"> 4 </td><td height="16" width="22" align="left"> </td><td height="16" width="75" align="right"> 4 </td><td height="16" width="22" align="left"> </td><td height="16" width="75" align="right"> 11 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="145">Gross realized losses</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="75"> (6)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="75"> (11)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="75"> (30)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="75"> (22)</td></tr></table>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. </div> NOTE 4. INVESTMENTS IN UNCONSOLIDATED ENTITIESSEMPRA ENERGY AND SDG&EAvailable-for-Sale SecuritiesDuring the nine months ended September 30, 2008, Sempra false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true