1.0.0.3 false EMPLOYEE BENEFIT PLANS false 1 $ false false 2 Notes to 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 Employee Benefit Plans Disclosure 1 us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock 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 9. EMPLOYEE BENEFIT PLANS We are required by applicable GAAP to: <ul><li>recognize an asset for a plan's overfunded status or a liability for a plan's underfunded status in the statement of financial position; </li><li>measure a plan's assets and its obligations that determine its funded status as of the end of the fiscal year (with limited exceptions); and </li><li>recognize changes in the funded status of a defined benefit postretirement plan in the year in which the changes occur. Generally, those changes are reported in other comprehensive income and as a separate component of shareholders' equity. </li></ul>The information presented below covers the employee benefit plans of Sempra Energy and its principal subsidiaries. Sempra Energy has funded and unfunded noncontributory defined benefit plans, including separate plans for SDG&E and SoCalGas, which together cover substantially all employees and Sempra Energy's board of directors. The plans generally provide defined benefits based on years of service and either final average or career salary. Sempra Energy also has other postretirement benefit plans, including separate plans for SDG&E and SoCalGas, which together cover substantially all employees and Sempra Energy's board of directors. The life insurance plans are both contributory and noncontributory and the health-care plans are contributory. Participants' contributions are adjusted annually. Other postretirement benefits include medical benefits for retirees' spouses. Pension and other postretirement benefits costs and obligations are dependent on assumptions used in calculating such amounts. These assumptions include <ul><li>discount rates </li><li>expected return on plan assets </li><li>health-care cost trend rates </li><li>mortality rates </li><li>compensation increase rates </li><li>payout elections (lump sum or annuity) </li></ul>We review these assumptions on an annual basis prior to the beginning of each year and update them as appropriate. We consider current market conditions, including interest rates, in making these assumptions. We use a December 31 measurement date for all of our plans. In support of its Supplemental Executive Retirement, Cash Balance Restoration and Deferred Compensation Plans, Sempra Energy maintains dedicated assets, including investments in life insurance contracts, which totaled $453 million and $401 million at December 31, 2009 and 2008, respectively. Pension and Other Postretirement Benefit Plans Benefit Plan Amendments Affecting 2008 and 2009 Effective January 1, 2009, one of Sempra Energy's pension plans, separate from the Sempra Utilities' plans, was amended to increase the cash balance benefit obligation for certain participants. This amendment resulted in an increase of $3 million in the benefit obligation and unrecognized prior service costs as of December 31, 2008. Effective October 1, 2009, the SDG&E pension plan was amended to set the automatic cost of living adjustment for retirees with grandfathered benefits at 0 percent for the period beginning October 1, 2009 and ending September 30, 2010. Without this amendment, the automatic cost of living adjustment for 2009 would have been negative, resulting in a reduction in benefits. This amendment resulted in an increase of $3 million in the benefit obligation and net periodic benefit costs as of December 31, 2009 for Sempra Energy and SDG&E. During 2009, the SoCalGas pension plan was amended to provide a minimum benefit for participants that transfer from a position covered by the represented employees' pension plan to a management position covered by the cash balance plan after June 29, 2005. This amendment resulted in an increase of $1 million in the benefit obligation and unrecognized prior service costs as of December 31, 2009 for Sempra Energy and SoCalGas. Effective December 1, 2009, the Sempra Utilities' other postretirement benefit plans were amended to establish a health reimbursement account benefit for represented retirees. This amendment resulted in an increase of $2 million, $4 million, and $6 million in the benefit obligation and unrecognized prior service costs as of December 31, 2009 for SDG&E, SoCalGas, and Sempra Energy, respectively. Benefit Obligations and Assets The following three tables provide a reconciliation of the changes in the plans' projected benefit obligations and the fair value of assets during 2009 and 2008, and a statement of the funded status at December 31, 2009 and 2008:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="638" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS</td></tr><tr><td width="638" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="29" width="286" align="left"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Pension Benefits</td><td height="29" width="12" align="center"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Other Postretirement Benefits</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="286">Sempra Energy Consolidated</td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td><td height="15" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="286">CHANGE IN PROJECTED BENEFIT OBLIGATION:</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="center" width="63"> </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="center" width="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </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="center" width="63"> </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="center" width="63"> </td></tr><tr><td height="16" width="286" align="left">Net obligation at January 1</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 2,865 </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 2,791 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 934 </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 871 </td></tr><tr><td height="16" width="286" align="left">Acquisition of EnergySouth</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 27 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 2 </td></tr><tr><td height="16" width="286" align="left">Service cost</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 74 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 71 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 26 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 24 </td></tr><tr><td height="16" width="286" align="left">Interest cost</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 170 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 166 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 56 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 53 </td></tr><tr><td height="16" width="286" align="left">Plan amendments</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 4 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 3 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 6 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Actuarial loss</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 169 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 6 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 5 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 34 </td></tr><tr><td height="16" width="286" align="left">Curtailments</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (5)</td></tr><tr><td height="16" width="286" align="left">Settlements</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (34)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (22)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Benefit payments</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (165)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (184)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (44)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (48)</td></tr><tr><td height="16" width="286" align="left">Federal subsidy (Medicare Part D)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 2 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 2 </td></tr><tr><td height="16" width="286" align="left">Other</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="63"> - </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="63"> 7 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </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="63"> - </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="63"> 1 </td></tr><tr><td height="16" width="286" align="left">Net obligation at December 31</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 3,083 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 2,865 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 985 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 934 </td></tr><tr><td height="16" width="286" align="left"> </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="63"> </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="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="12"> </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="63"> </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="63"> </td></tr><tr><td height="16" width="286" align="left">CHANGE IN PLAN ASSETS:</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td></tr><tr><td height="16" width="286" align="left">Fair value of plan assets at January 1</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1,742 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 2,528 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 545 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 743 </td></tr><tr><td height="16" width="286" align="left">Acquisition of EnergySouth</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 36 </td><td height="16" width="12" align="right"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 4 </td></tr><tr><td height="16" width="286" align="left">Actual return on plan assets</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 402 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (682)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 112 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (194)</td></tr><tr><td height="16" width="286" align="left">Employer contributions</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 185 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 66 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 45 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 40 </td></tr><tr><td height="16" width="286" align="left">Settlements</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (34)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (22)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Benefit payments</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (165)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (184)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (44)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (48)</td></tr><tr><td height="16" width="286" align="left">Other</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="63"> - </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="63"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </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="63"> - </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="63"> - </td></tr><tr><td height="16" width="286" align="left">Fair value of plan assets at December 31</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 2,130 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 1,742 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 658 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 545 </td></tr><tr><td height="16" width="286" align="left">Funded status at December 31</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="63"> (953)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (1,123)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (327)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (389)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="286">Net recorded liability at December 31</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (953)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (1,123)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (327)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (389)</td></tr></table>The significant increase in actuarial loss in 2009 related to pension benefits for Sempra Energy, as well as for SDG&E and SoCalGas below, resulted primarily from a decrease in the discount rate from 6.00 percent in 2008 to 5.60 percent, 5.40 percent and 5.75 percent in 2009 for Sempra Energy, SDG&E and SoCalGas, respectively. The actuarial loss for other postretirement plans in 2009 also increased due to a decrease in discount rates, from 6.10 percent to 5.55 percent, 5.75 percent and 5.90 percent at Sempra Energy, SDG&E and SoCalGas, respectively. However, this increase was more than offset by favorable claims experience and projections, primarily due to the decrease in the average cost for pre-65 retirees relative to the average cost of the total population for certain medical plans for SDG&E and SoCalGas. <table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="638" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS</td></tr><tr><td width="638" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="29" width="286" align="left"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Pension Benefits</td><td height="29" width="12" align="center"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Other Postretirement Benefits</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="286">SDG&E</td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td><td height="15" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="286">CHANGE IN PROJECTED BENEFIT OBLIGATION:</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="center" width="63"> </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="center" width="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </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="center" width="63"> </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="center" width="63"> </td></tr><tr><td height="16" width="286" align="left">Net obligation at January 1</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 814 </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 803 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 148 </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 139 </td></tr><tr><td height="16" width="286" align="left">Service cost</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 23 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 22 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 5 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 5 </td></tr><tr><td height="16" width="286" align="left">Interest cost</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 48 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 47 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 9 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 9 </td></tr><tr><td height="16" width="286" align="left">Plan amendments</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 3 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 2 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Actuarial loss (gain)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 58 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (7)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 2 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1 </td></tr><tr><td height="16" width="286" align="left">Transfer of liability to other plans</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (1)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (2)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Settlements</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (1)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Benefit payments</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="63"> (37)</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="63"> (48)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </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="63"> (6)</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="63"> (6)</td></tr><tr><td height="16" width="286" align="left">Net obligation at December 31</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 908 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 814 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 160 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 148 </td></tr><tr><td height="16" width="286" align="left"> </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="63"> </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="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="12"> </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="63"> </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="63"> </td></tr><tr><td height="16" width="286" align="left">CHANGE IN PLAN ASSETS:</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td></tr><tr><td height="16" width="286" align="left">Fair value of plan assets at January 1</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 480 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 684 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 61 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 67 </td></tr><tr><td height="16" width="286" align="left">Actual return on plan assets</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 115 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (191)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 10 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (16)</td></tr><tr><td height="16" width="286" align="left">Employer contributions</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 58 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 38 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 16 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 16 </td></tr><tr><td height="16" width="286" align="left">Settlements</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (1)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Transfer of assets to other plans</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (1)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (2)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Benefit payments</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="63"> (37)</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="63"> (48)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </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="63"> (6)</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="63"> (6)</td></tr><tr><td height="16" width="286" align="left">Fair value of plan assets at December 31</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 615 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 480 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 81 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 61 </td></tr><tr><td height="16" width="286" align="left">Funded status at December 31</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="63"> (293)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (334)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (79)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (87)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="286">Net recorded liability at December 31</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (293)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (334)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (79)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (87)</td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="638" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS</td></tr><tr><td width="638" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="29" width="286" align="left"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Pension Benefits</td><td height="29" width="12" align="center"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Other Postretirement Benefits</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="286">SoCalGas</td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td><td height="15" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="286">CHANGE IN PROJECTED BENEFIT OBLIGATION:</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="center" width="63"> </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="center" width="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </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="center" width="63"> </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="center" width="63"> </td></tr><tr><td height="16" width="286" align="left">Net obligation at January 1</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 1,653 </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 1,624 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 748 </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> 694 </td></tr><tr><td height="16" width="286" align="left">Service cost</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 42 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 40 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 18 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 17 </td></tr><tr><td height="16" width="286" align="left">Interest cost</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 98 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 97 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 45 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 42 </td></tr><tr><td height="16" width="286" align="left">Plan amendments</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 4 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Actuarial loss (gain)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 74 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 7 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (1)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 33 </td></tr><tr><td height="16" width="286" align="left">Benefit payments</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (105)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (115)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (36)</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (40)</td></tr><tr><td height="16" width="286" align="left">Transfer of liability from other plans</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Federal subsidy (Medicare Part D)</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="63"> - </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="63"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </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="63"> 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="63"> 2 </td></tr><tr><td height="16" width="286" align="left">Net obligation at December 31</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 1,764 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 1,653 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 780 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 748 </td></tr><tr><td height="16" width="286" align="left"> </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="63"> </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="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="12"> </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="63"> </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="63"> </td></tr><tr><td height="16" width="286" align="left">CHANGE IN PLAN ASSETS:</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="left"> </td></tr><tr><td height="16" width="286" align="left">Fair value of plan assets at January 1</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1,105 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1,657 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 471 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 663 </td></tr><tr><td height="16" width="286" align="left">Actual return on plan assets</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 255 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (438)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 99 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> (174)</td></tr><tr><td height="16" width="286" align="left">Employer contributions</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 76 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1 </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 28 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 22 </td></tr><tr><td height="16" width="286" align="left">Transfer of assets from other plans</td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> 1 </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="286" align="left">Benefit payments</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="63"> (105)</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="63"> (115)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </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="63"> (36)</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="63"> (40)</td></tr><tr><td height="16" width="286" align="left">Fair value of plan assets at December 31</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 1,332 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 1,105 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 562 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="63"> 471 </td></tr><tr><td height="16" width="286" align="left">Funded status at December 31</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="63"> (432)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (548)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (218)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (277)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="286">Net recorded liability at December 31</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (432)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (548)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (218)</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 3px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (277)</td></tr></table>Net Assets and Liabilities The assets and liabilities of the pension and other postretirement benefit plans are affected by changing market conditions as well as when actual plan experience is different than assumed. Such events result in investment gains and losses, which we defer and recognize in pension and postretirement benefit costs over a period of years. Sempra Energy uses the asset smoothing method for its pension and other postretirement plans, except for the SDG&E plans. This method develops an asset value that recognizes realized and unrealized investment gains and losses over a three-year period. This adjusted asset value, known as the market-related value of assets, is used in conjunction with an expected long-term rate of return to determine the expected return-on-assets component of net periodic cost. SoCalGas also uses the asset smoothing method. The 10-percent corridor accounting method is used at Sempra Energy, SDG&E and SoCalGas. Under the corridor-accounting method, if, as of the beginning of a year, unrecognized net gain or loss exceeds 10 percent of the greater of the projected benefit obligation or the market-related value of plan assets, the excess is amortized over the average remaining service period of active participants. The asset smoothing and 10-percent corridor accounting methods help mitigate volatility of net periodic costs from year to year. We recognize the overfunded or underfunded status of defined benefit pension and other postretirement plans as assets or liabilities, respectively; unrecognized changes or credits in these assets and/or liabilities are normally recorded to other comprehensive income (loss) on the balance sheet. The Sempra Utilities and Mobile Gas record regulatory assets and liabilities that offset the funded pension and other postretirement plans' assets or liabilities, as these costs are expected to be recovered in future utility rates based on agreements with regulatory agencies. The Sempra Utilities record annual pension and other postretirement net periodic benefit costs equal to the contributions to their plans as authorized by the CPUC. The annual contributions to the pension plans are limited to a minimum required funding amount as determined by the Internal Revenue Service. The annual contributions to the other postretirement plans are equal to the lesser of the maximum tax deductible amount or the net periodic cost calculated in accordance with GAAP for pension and other postretirement benefit plans. Mobile Gas records annual pension and other postretirement net periodic benefit cost based on an estimate of the net periodic cost at the beginning of the year calculated in accordance with GAAP for pension and other postretirement benefit plans, as authorized by the Alabama Public Service Commission. Any differences between booked net periodic benefit cost and amounts contributed to the pension and other postretirement plans are disclosed as regulatory adjustments in accordance with GAAP for regulated entities. The net liability is included in the following captions on the Consolidated Balance Sheets at December 31:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="29" width="323" align="left"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Pension Benefits</td><td height="29" width="12" align="center"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Other Postretirement Benefits</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="323">(Dollars in millions)</td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td><td height="15" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="323">Sempra Energy Consolidated</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="center" width="63"> </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="center" width="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </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="center" width="63"> </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="center" width="63"> </td></tr><tr><td height="16" width="323" align="left">Current liabilities</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> (27)</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> (25)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> (1)</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> - </td></tr><tr><td height="16" width="323" align="left">Noncurrent liabilities</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> (926)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> (1,098)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> (326)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> (389)</td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="323">Net recorded liability</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (953)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (1,123)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (327)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (389)</td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="323">SDG&E</td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="12"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="center" width="63"> </td></tr><tr><td height="17" width="323" align="left">Current liabilities</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (2)</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (2)</td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> - </td></tr><tr><td height="17" width="323" align="left">Noncurrent liabilities</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (291)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (332)</td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (79)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (87)</td></tr><tr><td height="18" style="border-bottom: 3px solid #000000;" align="left" width="323">Net recorded liability</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (293)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (334)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (79)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (87)</td></tr><tr><td height="18" style="border-top: 3px solid #000000;" align="left" width="323">SoCalGas</td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="12"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td></tr><tr><td height="17" width="323" align="left">Current liabilities</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (6)</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (2)</td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> - </td></tr><tr><td height="17" width="323" align="left">Noncurrent liabilities</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (426)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (546)</td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (218)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> (277)</td></tr><tr><td height="18" style="border-bottom: 3px solid #000000;" align="left" width="323">Net recorded liability</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (432)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (548)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (218)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (277)</td></tr></table>Amounts recorded in Accumulated Other Comprehensive Income (Loss) as of December 31, 2009 and 2008, net of tax effects and amounts recorded as regulatory assets, are as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="675" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">AMOUNTS IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</td></tr><tr><td width="675" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="29" width="323" align="left"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Pension Benefits</td><td height="29" width="12" align="center"> </td><td width="170" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Other Postretirement Benefits</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="323"> </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td><td height="15" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="85" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="323">Sempra Energy Consolidated</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="center" width="63"> </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="center" width="63"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </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="center" width="63"> </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="center" width="63"> </td></tr><tr><td height="16" width="323" align="left">Net actuarial loss</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> (98)</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> (97)</td><td height="16" width="12" align="left"> </td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> (4)</td><td height="16" width="22" align="right">$</td><td height="16" width="63" align="right"> (2)</td></tr><tr><td height="16" width="323" align="left">Prior service credit</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> 2 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> 1 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="63"> 1 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="323">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (96)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (96)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (4)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (1)</td></tr><tr><td height="18" style="border-top: 3px solid #000000;" align="left" width="323">SDG&E</td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="12"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="63"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="63"> </td></tr><tr><td height="17" width="323" align="left">Net actuarial loss</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (11)</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (13)</td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td></tr><tr><td height="17" width="323" align="left">Prior service credit</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> 1 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> 1 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td></tr><tr><td height="18" style="border-bottom: 3px solid #000000;" align="left" width="323">Total</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (10)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (12)</td><td height="18" width="12" align="left"> </td><td height="18" width="22" align="right"> </td><td height="18" width="63" align="left"> </td><td height="18" width="22" align="right"> </td><td height="18" width="63" align="left"> </td></tr><tr><td height="18" style="border-top: 3px solid #000000;" align="left" width="323">SoCalGas</td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="center" width="63"> </td><td height="18" width="12" align="left"> </td><td height="18" width="22" align="right"> </td><td height="18" width="63" align="left"> </td><td height="18" width="22" align="right"> </td><td height="18" width="63" align="left"> </td></tr><tr><td height="17" width="323" align="left">Net actuarial loss</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (5)</td><td height="17" width="22" align="right">$</td><td height="17" width="63" align="right"> (5)</td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td></tr><tr><td height="17" width="323" align="left">Prior service credit</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> 1 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="63"> 1 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="63" align="left"> </td></tr><tr><td height="18" style="border-bottom: 3px solid #000000;" align="left" width="323">Total</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (4)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="63"> (4)</td><td height="18" width="12" align="left"> </td><td height="18" width="22" align="right"> </td><td height="18" width="63" align="left"> </td><td height="18" width="22" align="right"> </td><td height="18" width="63" align="left"> </td></tr></table>The accumulated benefit obligations for defined benefit pension plans at December 31, 2009 and 2008 were as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="201" align="left"> </td><td width="152" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">Sempra Energy Consolidated</td><td height="14" width="12" align="center"> </td><td width="152" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">SDG&E</td><td height="14" width="12" align="center"> </td><td width="152" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">SoCalGas</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="201">(Dollars in millions)</td><td width="76" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="76" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="76" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="76" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="76" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="76" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td></tr><tr><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="left" width="201">Accumulated benefit obligation</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="54"> 2,886 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="54"> 2,668 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="left" width="12"> </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="54"> 895 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="54"> 803 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="left" width="12"> </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="54"> 1,601 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #C0C0C0;" align="right" width="54"> 1,493 </td></tr></table>Sempra Energy has unfunded and funded pension plans. SDG&E and SoCalGas each have an unfunded and a funded pension plan. The following table shows the obligations of funded pension plans with benefit obligations in excess of plan assets as of December 31:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="298">(Dollars in millions)</td><td width="87" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">2009 </td><td width="87" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="298">Sempra Energy Consolidated</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="61"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="61"> </td></tr><tr><td height="16" width="298" align="left">Projected benefit obligation</td><td height="16" width="26" align="right">$</td><td height="16" width="61" align="right"> 2,835 </td><td height="16" width="26" align="right">$</td><td height="16" width="61" align="right"> 2,621 </td></tr><tr><td height="16" width="298" align="left">Accumulated benefit obligation</td><td height="16" width="26" align="right"> </td><td height="16" width="61" align="right"> 2,660 </td><td height="16" width="26" align="right"> </td><td height="16" width="61" align="right"> 2,449 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="298">Fair value of plan assets</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 2,130 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 1,742 </td></tr><tr><td height="16" style="border-top: 3px solid #C0C0C0;" align="left" width="298">SDG&E</td><td height="16" style="border-top: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #C0C0C0;" align="left" width="61"> </td><td height="16" style="border-top: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #C0C0C0;" align="left" width="61"> </td></tr><tr><td height="16" width="298" align="left">Projected benefit obligation</td><td height="16" width="26" align="right">$</td><td height="16" width="61" align="right"> 878 </td><td height="16" width="26" align="right">$</td><td height="16" width="61" align="right"> 787 </td></tr><tr><td height="16" width="298" align="left">Accumulated benefit obligation</td><td height="16" width="26" align="right"> </td><td height="16" width="61" align="right"> 870 </td><td height="16" width="26" align="right"> </td><td height="16" width="61" align="right"> 780 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="298">Fair value of plan assets</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 615 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 480 </td></tr><tr><td height="16" style="border-top: 3px solid #C0C0C0;" align="left" width="298">SoCalGas</td><td height="16" style="border-top: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #C0C0C0;" align="left" width="61"> </td><td height="16" style="border-top: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #C0C0C0;" align="left" width="61"> </td></tr><tr><td height="16" width="298" align="left">Projected benefit obligation</td><td height="16" width="26" align="right">$</td><td height="16" width="61" align="right"> 1,730 </td><td height="16" width="26" align="right">$</td><td height="16" width="61" align="right"> 1,623 </td></tr><tr><td height="16" width="298" align="left">Accumulated benefit obligation</td><td height="16" width="26" align="right"> </td><td height="16" width="61" align="right"> 1,571 </td><td height="16" width="26" align="right"> </td><td height="16" width="61" align="right"> 1,466 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="298">Fair value of plan assets</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 1,332 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 1,105 </td></tr></table>Net Periodic Benefit Cost, 2007-2009 The following three tables provide the components of net periodic benefit cost and amounts recognized in other comprehensive income for the years ended December 31:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="743" align="left" colspan="14" style="border-top: 1px solid #000000;" height="19">NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME</td></tr><tr><td width="743" align="left" height="19" colspan="14">(Dollars in millions)</td></tr><tr><td height="14" width="335" align="left"> </td><td width="198" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">Pension Benefits</td><td height="14" width="12" align="center"> </td><td width="198" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">Other Postretirement Benefits</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="335">Sempra Energy Consolidated</td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2007 </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2007 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="335">Net Periodic Benefit Cost</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="335">Service cost</td><td height="16" width="19" align="right">$</td><td height="16" width="47" align="right"> 74 </td><td height="16" width="19" align="right">$</td><td height="16" width="47" align="right"> 71 </td><td height="16" width="19" align="right">$</td><td height="16" width="47" align="right"> 76 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right">$</td><td height="16" width="47" align="right"> 26 </td><td height="16" width="19" align="right">$</td><td height="16" width="47" align="right"> 24 </td><td height="16" width="19" align="right">$</td><td height="16" width="47" align="right"> 26 </td></tr><tr><td height="16" width="335" align="left">Interest cost</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 170 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 166 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 164 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 56 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 53 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 54 </td></tr><tr><td height="16" width="335" align="left">Expected return on assets</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (139)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (161)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (158)</td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (45)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (48)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (44)</td></tr><tr><td height="16" width="335" align="left">Amortization of:</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" width="335" align="left">    Prior service cost (credit)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 7 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 4 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 5 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (1)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (1)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (3)</td></tr><tr><td height="16" width="335" align="left">    Actuarial loss</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 23 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 8 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 8 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 3 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 6 </td></tr><tr><td height="16" width="335" align="left">Regulatory adjustment</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 28 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (22)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (34)</td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 7 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 7 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 7 </td></tr><tr><td height="16" width="335" align="left">Special termination benefit charge</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td></tr><tr><td height="16" width="335" align="left">Curtailment charge (credit)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 6 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (3)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td></tr><tr><td height="16" width="335" align="left">Settlement charge</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 14 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 8 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td></tr><tr><td height="16" width="335" align="left">Total net periodic benefit cost</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 177 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 74 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 68 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 46 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 32 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 46 </td></tr><tr><td height="16" width="335" align="left"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td></tr><tr><td height="16" width="335" align="left">Other Changes in Plan Assets and Benefit Obligations</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="335">    Recognized in Other Comprehensive Income</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="335">Net loss (gain)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 9 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 54 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (12)</td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 3 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (2)</td></tr><tr><td height="16" width="335" align="left">Prior service cost (credit)</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 3 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> (4)</td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td></tr><tr><td height="16" width="335" align="left">Amortization of prior service credit</td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="right"> </td><td height="16" width="47" align="right"> 1 </td></tr><tr><td height="16" width="335" align="left">Amortization of actuarial loss</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (8)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (8)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (8)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td></tr><tr><td height="16" width="335" align="left">    Total recognized in other comprehensive income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 1 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 49 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> (24)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 4 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 2 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> (1)</td></tr><tr><td height="33" style="border-bottom: 3px solid #000000;" align="left" width="335">    Total recognized in net periodic benefit cost and other comprehensive income</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 178 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 123 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 44 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 50 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 34 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 45 </td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="736" align="left" colspan="14" style="border-top: 1px solid #000000;" height="19">NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME</td></tr><tr><td width="736" align="left" height="19" colspan="14">(Dollars in millions)</td></tr><tr><td height="14" width="328" align="left"> </td><td width="198" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">Pension Benefits</td><td height="14" width="12" align="center"> </td><td width="198" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">Other Postretirement Benefits</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="328">SDG&E</td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2007 </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2007 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="328">Net Periodic Benefit Cost</td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="328">Service cost</td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 23 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 22 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 22 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 5 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 5 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 5 </td></tr><tr><td height="16" width="328" align="left">Interest cost</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 48 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 47 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 47 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 9 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 9 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 8 </td></tr><tr><td height="16" width="328" align="left">Expected return on assets</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (32)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (46)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (45)</td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (3)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (4)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (3)</td></tr><tr><td height="16" width="328" align="left">Amortization of:</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" width="328" align="left">    Prior service cost</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 4 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 4 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 3 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 3 </td></tr><tr><td height="16" width="328" align="left">    Actuarial loss</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 16 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td></tr><tr><td height="16" width="328" align="left">Regulatory adjustment</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 14 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td></tr><tr><td height="16" width="328" align="left">Settlement charge</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 2 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 2 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td></tr><tr><td height="16" width="328" align="left">Total net periodic benefit cost</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 63 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 42 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 30 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 17 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 15 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 15 </td></tr><tr><td height="16" width="328" align="left"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td></tr><tr><td height="16" width="328" align="left">Other Changes in Plan Assets and Benefit Obligations</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="328">    Recognized in Other Comprehensive Income</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="328">Net gain</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (1)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (4)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (6)</td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td></tr><tr><td height="16" width="328" align="left">Amortization of actuarial loss</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td></tr><tr><td height="16" width="328" align="left">    Total recognized in other comprehensive income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> (3)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> (6)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> (8)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> - </td></tr><tr><td height="33" style="border-bottom: 3px solid #000000;" align="left" width="328">    Total recognized in net periodic benefit cost and other comprehensive income</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 60 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 36 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 22 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 17 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 15 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 15 </td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="737" align="left" colspan="14" style="border-top: 1px solid #000000;" height="19">NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME</td></tr><tr><td width="737" align="left" height="19" colspan="14">(Dollars in millions)</td></tr><tr><td height="14" width="329" align="left"> </td><td width="198" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">Pension Benefits</td><td height="14" width="12" align="center"> </td><td width="198" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">Other Postretirement Benefits</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="329">SoCalGas</td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2007 </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="66" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2007 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="329">Net Periodic Benefit Cost</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="329">Service cost</td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 42 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 40 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 41 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 18 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 17 </td><td height="16" width="19" align="left">$</td><td height="16" width="47" align="right"> 19 </td></tr><tr><td height="16" width="329" align="left">Interest cost</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 98 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 97 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 96 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 45 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 42 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 44 </td></tr><tr><td height="16" width="329" align="left">Expected return on assets</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (94)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (103)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (102)</td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (41)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (43)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (40)</td></tr><tr><td height="16" width="329" align="left">Amortization of:</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" width="329" align="left">    Prior service cost (credit)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 2 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (4)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (4)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (6)</td></tr><tr><td height="16" width="329" align="left">    Actuarial loss</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 3 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 6 </td></tr><tr><td height="16" width="329" align="left">Settlement charge</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td></tr><tr><td height="16" width="329" align="left">Regulatory adjustment</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 28 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (36)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (36)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 6 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 5 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> 5 </td></tr><tr><td height="16" width="329" align="left">Total net periodic benefit cost</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 78 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 1 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 2 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 27 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 17 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> 28 </td></tr><tr><td height="16" width="329" align="left"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="47"> </td></tr><tr><td height="16" width="329" align="left">Other Changes in Plan Assets and Benefit Obligations</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="329">    Recognized in Other Comprehensive Income</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="left"> </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="329">Net loss (gain)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> 1 </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> (1)</td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="12" align="left"> </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="47" align="right"> - </td></tr><tr><td height="16" width="329" align="left">Amortization of actuarial loss</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> (1)</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="47"> - </td></tr><tr><td height="16" width="329" align="left">    Total recognized in other comprehensive income</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> (2)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> (1)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="12"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="47"> - </td></tr><tr><td height="33" style="border-bottom: 3px solid #000000;" align="left" width="329">    Total recognized in net periodic benefit cost and other comprehensive income</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 78 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> (1)</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 1 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="12"> </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 27 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 17 </td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="19">$</td><td height="33" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="47"> 28 </td></tr></table>The estimated net loss for the pension plans that will be amortized from Accumulated Other Comprehensive Income (Loss) into net periodic benefit cost in 2010 is $11 million for Sempra Energy Consolidated and $1 million at both SDG&E and SoCalGas. Negligible amounts of prior service credit for the pension plans will be similarly amortized.The estimated prior service credit for the other postretirement benefit plans that will be amortized from Accumulated Other Comprehensive Income (Loss) into net periodic benefit cost in 2010 is $1 million at Sempra Energy.Medicare Prescription Drug, Improvement and Modernization Act of 2003 The Medicare Prescription Drug, Improvement and Modernization Act of 2003 establishes a prescription drug benefit under Medicare (Medicare Part D) and a tax-exempt federal subsidy to sponsors of retiree health-care benefit plans that provide a benefit that actuarially is at least equivalent to Medicare Part D. We have determined that benefits provided to certain participants actuarially will be at least equivalent to Medicare Part D. Thus, we are entitled to a tax-exempt subsidy that reduced our accumulated postretirement benefit obligation under our plans at January 1, 2009 and reduced the net periodic cost for 2009 by the following amounts:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="250" align="left"> </td><td width="97" align="center" height="14" colspan="2">Sempra Energy</td><td width="97" align="center" height="14" colspan="2"> </td><td width="97" align="center" height="14" colspan="2"> </td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="250">(Dollars in millions)</td><td width="97" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Consolidated</td><td width="97" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">SDG&E</td><td width="97" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">SoCalGas</td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="250">Accumulated postretirement benefit</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="75"> </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="75"> </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="75"> </td></tr><tr><td height="16" width="250" align="left">    obligation reduction</td><td height="16" width="22" align="right">$</td><td height="16" width="75" align="right"> 96 </td><td height="16" width="22" align="right">$</td><td height="16" width="75" align="right"> 21 </td><td height="16" width="22" align="right">$</td><td height="16" width="75" align="right"> 71 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="250">Net periodic benefit cost reduction</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="75"> 10 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="75"> 2 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="75"> 7 </td></tr></table>Assumptions for Pension and Other Postretirement Benefit Plans Benefit Obligation and Net Periodic Benefit Cost We develop the discount rate assumptions based on the results of a third party modeling tool that matches each plan's expected future benefit payments to a bond yield curve to determine their present value. We then calculate a single equivalent discount rate that produces the same present value. The modeling tool uses an actual portfolio of 500 to 600 non-callable bonds with a Moody’s Aa rating with an outstanding value of at least $50 million to develop the bond yield curve. This reflects over $300 billion in outstanding bonds with approximately 50 issues having maturities in excess of 20 years. Long-term return on assets is based on the weighted-average of the plans’ investment allocation as of the measurement date and the expected returns for those asset types. The significant assumptions affecting benefit obligation and net periodic benefit cost are as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="704" align="left" colspan="11" style="border-top: 1px solid #000000;" height="19">WEIGHTED-AVERAGE ASSUMPTIONS</td></tr><tr><td width="704" align="center" height="19" colspan="11"> </td></tr><tr><td height="29" width="29" align="left"> </td><td height="29" width="369" align="left"> </td><td width="147" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Pension Benefits</td><td height="29" width="12" align="center"> </td><td width="147" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="29">Other Postretirement Benefits</td></tr><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="29"> </td><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="369"> </td><td width="77" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="70" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td><td height="15" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="77" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2009 </td><td width="70" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="15">2008 </td></tr><tr><td width="398" align="left" colspan="2" style="border-top: 1px solid #000000;" height="16">WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="23"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="23"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="12"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="23"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="23"> </td></tr><tr><td width="398" align="left" height="16" colspan="2">    BENEFIT OBLIGATION AS OF DECEMBER 31:</td><td height="16" width="54" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="23" align="center"> </td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="left"> </td><td height="16" width="23" align="center"> </td><td height="16" width="47" align="left"> </td><td height="16" width="23" align="center"> </td></tr><tr><td width="398" align="left" height="16" colspan="2">Discount rate</td><td height="16" width="54" align="right"> 5.63 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 6.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> 5.86 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 6.10 </td><td height="16" width="23" align="left">%</td></tr><tr><td width="398" align="left" height="16" colspan="2">Rate of compensation increase</td><td height="16" width="54" align="right"> 4.50 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 4.50 </td><td height="16" width="23" align="left">%</td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> (1)</td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="right"> (2)</td><td height="16" width="23" align="left"> </td></tr><tr><td height="16" width="29" align="left"> </td><td height="16" width="369" align="left"> </td><td height="16" width="54" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> </td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="right"> </td><td height="16" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="16" colspan="2">WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE NET</td><td height="16" width="54" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="16" colspan="2">    PERIODIC BENEFIT COST FOR YEARS ENDED DECEMBER 31:</td><td height="16" width="54" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="left"> </td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="left"> </td><td height="16" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="24" colspan="2">Sempra Energy Consolidated</td><td height="24" width="54" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="47" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="12" align="left"> </td><td height="24" width="54" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="47" align="left"> </td><td height="24" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="17" colspan="2">Discount rate</td><td height="17" width="54" align="right"> (3)</td><td height="17" width="23" align="left"> </td><td height="17" width="47" align="right"> 6.10 </td><td height="17" width="23" align="left">%</td><td height="17" width="12" align="left"> </td><td height="17" width="54" align="right"> (4)</td><td height="17" width="23" align="left"> </td><td height="17" width="47" align="right"> 6.20 </td><td height="17" width="23" align="left">%</td></tr><tr><td width="398" align="left" height="16" colspan="2">Expected return on plan assets</td><td height="16" width="54" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> 6.19 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 6.88 </td><td height="16" width="23" align="left">%</td></tr><tr><td width="398" align="left" height="16" colspan="2">Rate of compensation increase</td><td height="16" width="54" align="right"> (5)</td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="right"> (5)</td><td height="16" width="23" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> (1)</td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="right"> (2)</td><td height="16" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="24" colspan="2">SDG&E</td><td height="24" width="54" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="47" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="12" align="left"> </td><td height="24" width="54" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="47" align="left"> </td><td height="24" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="16" colspan="2">Discount rate</td><td height="16" width="54" align="right"> 6.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 6.10 </td><td height="16" width="23" align="left">%</td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> 6.10 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 6.20 </td><td height="16" width="23" align="left">%</td></tr><tr><td width="398" align="left" height="16" colspan="2">Expected return on plan assets</td><td height="16" width="54" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> 6.25 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 5.89 </td><td height="16" width="23" align="left">%</td></tr><tr><td width="398" align="left" height="16" colspan="2">Rate of compensation increase</td><td height="16" width="54" align="right"> (6)</td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="right"> (6)</td><td height="16" width="23" align="left"> </td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right">N/A</td><td height="16" width="23" align="left"> </td><td height="16" width="47" align="right">N/A</td><td height="16" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="24" colspan="2">SoCalGas</td><td height="24" width="54" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="47" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="12" align="left"> </td><td height="24" width="54" align="left"> </td><td height="24" width="23" align="left"> </td><td height="24" width="47" align="left"> </td><td height="24" width="23" align="left"> </td></tr><tr><td width="398" align="left" height="16" colspan="2">Discount rate</td><td height="16" width="54" align="right"> 6.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 6.10 </td><td height="16" width="23" align="left">%</td><td height="16" width="12" align="left"> </td><td height="16" width="54" align="right"> 6.10 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 6.20 </td><td height="16" width="23" align="left">%</td></tr><tr><td width="398" align="left" height="16" colspan="2">Expected return on plan assets</td><td height="16" width="54" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="12" align="right"> </td><td height="16" width="54" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td><td height="16" width="47" align="right"> 7.00 </td><td height="16" width="23" align="left">%</td></tr><tr><td width="398" align="left" colspan="2" style="border-bottom: 3px solid #C0C0C0;" height="16">Rate of compensation increase</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="54"> (6)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="23"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> (6)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="center" width="23"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="12"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="54"> (1)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="center" width="23"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> (2)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="center" width="23"> </td></tr><tr><td height="18" style="border-top: 3px solid #C0C0C0;" align="center" width="29">(1)</td><td width="675" align="left" colspan="10" style="border-top: 3px solid #C0C0C0;" height="18">4.00% for the life insurance and Health Reimbursement Arrangement (HRA) benefits for SoCalGas’ represented employees. There are no compensation-based benefits for all other postretirement benefit plans.</td></tr><tr><td height="15" width="29" align="center">(2)</td><td width="675" align="left" height="15" colspan="10">4.00% for the life insurance benefits for SoCalGas’ represented employees. There are no compensation-based benefits for all other postretirement benefit plans.</td></tr><tr><td height="15" width="29" align="center">(3)</td><td width="675" align="left" height="15" colspan="10">6.10% for EnergySouth pension plans, 6.00% for all others.</td></tr><tr><td height="15" width="29" align="center">(4)</td><td width="675" align="left" height="15" colspan="10">5.85% for the Executive Life Plan, 6.10% for all others.</td></tr><tr><td height="17" width="29" align="center">(5)</td><td width="675" align="left" height="17" colspan="10">4.50% for the unfunded pension plans and 4.00% for the funded pension plan for SoCalGas’ represented participants. An age-based formula is used for all the other funded pension plans' participants.</td></tr><tr><td height="15" width="29" align="center">(6)</td><td width="675" align="left" height="15" colspan="10">4.50% for the unfunded pension plan. An age-based formula is used for the funded pension plan.</td></tr></table>Health-Care Cost Trend Rates Assumed health-care cost trend rates have a significant effect on the amounts that we report for the health-care plan costs. Following are the health-care cost trend rates applicable to our postretirement benefit plans:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="29"> </td><td height="15" style="border-bottom: 1px solid #000000;" align="left" width="390"> </td><td width="125" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="15">2009 </td><td width="132" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="15">2008 </td></tr><tr><td width="419" align="left" colspan="2" style="border-top: 1px solid #000000;" height="16">ASSUMED HEALTH-CARE COST TREND RATES AT DECEMBER 31:</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="103"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="103"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="29"> </td></tr><tr><td width="419" align="left" height="16" colspan="2">Health-care cost trend rate(1)</td><td height="16" width="103" align="right"> 9.00 </td><td height="16" width="22" align="center">%</td><td height="16" width="103" align="right"> 9.44 </td><td height="16" width="29" align="center">%</td></tr><tr><td width="419" align="left" height="16" colspan="2">Rate to which the cost trend rate is assumed to decline (the ultimate trend)</td><td height="16" width="103" align="right"> 5.50 </td><td height="16" width="22" align="center">%</td><td height="16" width="103" align="right"> 5.50 </td><td height="16" width="29" align="center">%</td></tr><tr><td width="419" align="left" colspan="2" style="border-bottom: 3px solid #C0C0C0;" height="16">Year that the rate reaches the ultimate trend</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="103">2016 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="center" width="22"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="103">2014 and 2016</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="center" width="29">(2)</td></tr><tr><td height="18" style="border-top: 3px solid #C0C0C0;" align="center" width="29">(1)</td><td width="647" align="left" colspan="5" style="border-top: 3px solid #C0C0C0;" height="18">In 2008, the rate is the weighted average of the increases for all of our health plans. The rate for these plans ranged from 8.50% to 10.00%.</td></tr><tr><td height="18" width="29" align="center">(2)</td><td width="647" align="left" height="18" colspan="5">The ultimate trend rate is reached in 2014 for HMOs and 2016 for Anthem Blue Cross in 2008.</td></tr></table>A one-percent change in assumed health-care cost trend rates would have the following effects:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="244" align="left"> </td><td width="138" align="center" height="14" colspan="4">Sempra Energy</td><td height="14" width="12" align="center"> </td><td width="138" align="center" height="14" colspan="4"> </td><td height="14" width="12" align="center"> </td><td width="138" align="center" height="14" colspan="4"> </td></tr><tr><td height="14" width="244" align="left"> </td><td width="138" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">Consolidated</td><td height="14" width="12" align="center"> </td><td width="138" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">SDG&E</td><td height="14" width="12" align="center"> </td><td width="138" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">SoCalGas</td></tr><tr><td height="14" width="244" align="left"> </td><td width="69" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">1%</td><td width="69" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">1%</td><td height="14" width="12" align="center"> </td><td width="69" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">1%</td><td width="69" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">1%</td><td height="14" width="12" align="center"> </td><td width="69" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">1%</td><td width="69" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">1%</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="244">(Dollars in millions)</td><td width="69" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Increase</td><td width="69" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Decrease</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="69" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Increase</td><td width="69" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Decrease</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="69" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Increase</td><td width="69" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Decrease</td></tr><tr><td height="17" style="border-top: 1px solid #000000;" align="left" width="244">Effect on total of service and </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="12"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="12"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="47"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="47"> </td></tr><tr><td height="17" width="244" align="left">    interest cost components of net periodic </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="center"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="center"> </td><td height="17" width="12" align="center"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="center"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="center"> </td><td height="17" width="12" align="center"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="center"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="center"> </td></tr><tr><td height="17" width="244" align="left">    postretirement health-care benefit cost</td><td height="17" width="22" align="right">$</td><td height="17" width="47" align="right"> 11 </td><td height="17" width="22" align="right">$</td><td height="17" width="47" align="right"> (9)</td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right">$</td><td height="17" width="47" align="right"> 1 </td><td height="17" width="22" align="right">$</td><td height="17" width="47" align="right"> (1)</td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right">$</td><td height="17" width="47" align="right"> 10 </td><td height="17" width="22" align="right">$</td><td height="17" width="47" align="right"> (8)</td></tr><tr><td height="17" width="244" align="left">Effect on the health-care component of the</td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td></tr><tr><td height="17" width="244" align="left">    accumulated other postretirement </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="47" align="left"> </td></tr><tr><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="244">    benefit obligation</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> 101 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> (83)</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="12"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> 6 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> (5)</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="12"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> 93 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="22">$</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="47"> (76)</td></tr></table>Plan Assets Investment Allocation Strategy for Sempra Energy's Pension Master Trust Sempra Energy's pension master trust holds the investments for the pension and other postretirement benefit plans. We maintain additional trusts as we discuss below for certain of Sempra Utilities' other postretirement plans. Other than index weight, the trusts do not invest in securities of Sempra Energy. The current asset allocation objective for the pension master trust is to protect the funded status of the plans while generating sufficient returns to cover future benefit payments and accruals. We assess the portfolio performance by comparing actual returns with relevant benchmarks, such as the Morgan Stanley Capital International (MSCI) US Investable Index, the MSCI Pacific Rim and Europe Indices, the MSCI Emerging Markets Index, and the Barclays Aggregate and Long Government Credit Indices. Both the equity and fixed income portions of the asset allocation use primarily passive investment strategies to achieve risk and return exposures consistent with these indices. The fixed income asset allocation consists of some longer-duration fixed income securities in order to reduce plan exposure to interest rate variation. The foreign equity components provide a growth element, diversification and exposure to different currencies and economies. The asset allocation of the plans is reviewed by our Pension and Benefits Investment Committee (the Committee) on a regular basis. When evaluating its strategic asset allocation, the Committee considers many variables, including: <ul><li>long-term cost </li><li>variability and level of contributions </li><li>funded status </li><li>a range of expected outcomes over varying confidence levels </li></ul>We maintain allocations at strategic levels with reasonable bands of variance. When asset class exposure reaches a minimum or maximum level, we generally rebalance the portfolio back to target allocations, unless the Committee determines otherwise. Rate of Return Assumption For all plans except the SDG&E postretirement medical plans, we base the long-term rate of return assumption on the asset-weighted-average of the expected return for each asset class. We develop the expected returns from examining periods of historical returns and expectations for future returns from several investment and actuarial consultants. Specifically, we reached a 7.0 percent return expectation by assuming a 4.5 percent yield/return on a risk-free bond portfolio (treasury securities), adding a 50 basis point risk premium for our investment grade bond portfolio and another 300 basis point risk premium for equity securities. A 70 percent equity/30 percent bond portfolio mix results in a total portfolio return expectation of approximately 7.0 percent. The expected rate of return for the SDG&E postretirement medical plan assets is based on the weighted average after-tax expected return of the portfolio's target asset allocation of 30 percent equity/70 percent fixed income. The fixed-income portfolio is invested in tax-exempt municipal bond securities, while the equity portfolio is invested 25 percent S&P (Standard & Poor's) 500 index/5 percent MSCI EAFE index (MSCI Index for equity market performance in Europe, Australasia and Far East). Concentration of Risk Plan assets are fully diversified across global equity and bond markets, and other than what is indicated by the target asset allocations, contain no concentration of risk in any one economic, industry, maturity, or geographic sector. Investment Strategy for SoCalGas' Other Postretirement Benefit Plans SoCalGas' other postretirement benefit plans are funded by cash contributions from SoCalGas and current retirees. The assets of these plans are placed in the pension master trust and other Voluntary Employee Beneficiary Association (VEBA) trusts, as we detail below. The assets in the VEBA trusts are invested at identical allocations to the pension master trust, 70 percent equities/30 percent bonds, using primarily index funds. This allocation has been formulated to best suit the long-term nature of the obligations. Investment Strategy for SDG&E's Postretirement Health Plans SDG&E’s postretirement health plans are funded by cash contributions from SDG&E and current retirees. The assets are placed in the pension master trust and a VEBA trust, as we detail below. Assets in the pension master trust are invested at the 70 percent equity/30 percent bond asset mix using index funds. Assets in the VEBA trust are taxable and therefore have a different asset allocation strategy. These assets are invested with a target asset allocation of 30 percent equity/70 percent bonds, with a large portion of the bond portfolio placed in actively managed tax-exempt municipal bonds. The equity portfolio is indexed. Fair Value of Pension and Other Postretirement Benefit Plan Assets We classify the investments in Sempra Energy's pension master trust and the trusts for the Sempra Utilities' other postretirement benefit plans into: <ul><li>Level 1, for securities valued using quoted prices from active markets for identical assets; </li><li>Level 2, for securities not traded on an active market but for which observable market inputs are readily available; </li><li>Level 3, for securities and investments valued based on the lowest level of input that is significant to the fair value measurement. </li></ul>We provide more discussion of fair value measurements in Notes 1 and 2. The following table sets forth by level within the fair value hierarchy a summary of the investments in Sempra Energy's pension and other postretirement benefit plan trusts measured at fair value on a recurring basis at December 31, 2009. The fair values of our pension plan assets by asset category are as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="594" align="left" colspan="10" style="border-top: 1px solid #000000;" height="17">FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2009</td></tr><tr><td width="594" align="left" height="17" colspan="10">(Dollars in millions)</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="87"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="203"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 1</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 2</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 3</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Total</td></tr><tr><td width="290" align="left" colspan="2" style="border-top: 1px solid #000000;" height="17">Sempra Energy Consolidated</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">Pension Plans - Investment Assets </td><td height="17" width="22" align="left"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="54" align="left"> </td></tr><tr><td height="17" width="87" align="left">   SDG&E </td><td height="17" width="203" align="left">(see table below)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 459 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 141 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 9 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 609 </td></tr><tr><td height="17" width="87" align="left">   SoCalGas </td><td height="17" width="203" align="left">(see table below)</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 996 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 304 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 19 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 1,319 </td></tr><tr><td width="290" align="left" height="17" colspan="2">Other Sempra Energy </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">Equity securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic large-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 60 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 60 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic mid-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 12 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 12 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic small-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 8 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 8 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign emerging market funds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 12 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 12 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign large-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 30 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 30 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign mid-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 6 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 6 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign small-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 4 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 4 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Registered investment company</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td></tr><tr><td width="290" align="left" height="17" colspan="2">Fixed income securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">   U.S. Treasury securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 15 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 15 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Other U.S. government securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 13 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 13 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign government bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic corporate bonds(2)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 14 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 14 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign corporate bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td></tr><tr><td width="290" align="left" height="17" colspan="2">Other types of investments:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Private equity funds(3) (stated at net asset value)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 2 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 2 </td></tr><tr><td width="290" align="left" colspan="2" style="border-bottom: 1px solid #000000;" height="17">Total other Sempra Energy(4)</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 137 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 43 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 2 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 182 </td></tr><tr><td width="290" align="left" colspan="2" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" height="18">Total Sempra Energy Consolidated(5) </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 1,592 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 488 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 30 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 2,110 </td></tr><tr><td width="594" align="left" colspan="10" style="border-top: 3px solid #000000;" height="12">(1) Investments in common stock of domestic corporations stratified according to the MSCI 2500 index.</td></tr><tr><td width="594" align="left" height="12" colspan="10">(2) Investment-grade bonds of U.S. issuers from diverse industries.</td></tr><tr><td width="594" align="left" height="12" colspan="10">(3) Investments in venture capital and real estate funds.</td></tr><tr><td width="594" align="left" height="12" colspan="10">(4) Excludes cash balance of $1 million.</td></tr><tr><td width="594" align="left" height="12" colspan="10">(5) Excludes cash balance of $20 million.</td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="604" align="left" colspan="10" style="border-top: 1px solid #000000;" height="17">FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2009</td></tr><tr><td width="604" align="left" height="17" colspan="10">(Dollars in millions)</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="35"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="265"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 1</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 2</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 3</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Total</td></tr><tr><td width="300" align="left" colspan="2" style="border-top: 1px solid #000000;" height="17">SDG&E</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td></tr><tr><td width="300" align="left" height="17" colspan="2">Equity securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Domestic large-cap(1)</td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 198 </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 198 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Domestic mid-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 41 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 41 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Domestic small-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 27 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 27 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Foreign emerging market funds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 37 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 37 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Foreign large-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 101 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 101 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Foreign mid-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 21 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 21 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Foreign small-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 15 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 15 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Registered investment company</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 5 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 5 </td></tr><tr><td width="300" align="left" height="17" colspan="2">Fixed income securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="300" align="left" height="17" colspan="2">   U.S. Treasury securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 51 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 51 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Other U.S. government securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 42 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 42 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Domestic municipal bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Foreign government bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 5 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 5 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Domestic corporate bonds(2)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 48 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 48 </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Foreign corporate bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 11 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 11 </td></tr><tr><td width="300" align="left" height="17" colspan="2">Other types of investments:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="300" align="left" height="17" colspan="2">   Securities lending program(3)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> (5)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> (5)</td></tr><tr><td width="300" align="left" height="17" colspan="2">   Private equity funds(4) (stated at net asset value)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 9 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 9 </td></tr><tr><td width="300" align="left" colspan="2" style="border-bottom: 3px solid #000000;" height="18">Total investment assets(5)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 459 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 141 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 9 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 609 </td></tr><tr><td height="12" style="border-top: 3px solid #000000;" align="right" width="35">(1)</td><td width="569" align="left" colspan="9" style="border-top: 3px solid #000000;" height="12">Investments in common stock of domestic corporations stratified according to the MSCI 2500 index.</td></tr><tr><td height="12" width="35" align="right">(2)</td><td width="569" align="left" height="12" colspan="9">Investment grade bonds of U.S. issuers from diverse industries.</td></tr><tr><td height="12" width="35" align="right">(3)</td><td width="569" align="left" height="12" colspan="9">An obligation to return collateral in excess of assets held under a securities lending agreement, allocated to each of the plans that hold assets in the pension master trust. Some of the collateral held in asset-backed securities is impaired. </td></tr><tr><td height="12" width="35" align="right">(4)</td><td width="569" align="left" height="12" colspan="9">Investments in venture capital and real estate funds.</td></tr><tr><td height="12" width="35" align="right">(5)</td><td width="569" align="left" height="12" colspan="9">Excludes cash balance of $6 million.</td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="605" align="left" colspan="10" style="border-top: 1px solid #000000;" height="17">FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2009</td></tr><tr><td width="605" align="left" height="17" colspan="10">(Dollars in millions)</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="35"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="266"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 1</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 2</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 3</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Total</td></tr><tr><td width="301" align="left" colspan="2" style="border-top: 1px solid #000000;" height="17">SoCalGas</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td></tr><tr><td width="301" align="left" height="17" colspan="2">Equity securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Domestic large-cap(1)</td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 428 </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 428 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Domestic mid-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 88 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 88 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Domestic small-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 60 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 60 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Foreign emerging market funds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 81 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 81 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Foreign large-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 220 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 220 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Foreign mid-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 46 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 46 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Foreign small-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 33 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 33 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Registered investment company</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 11 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 11 </td></tr><tr><td width="301" align="left" height="17" colspan="2">Fixed income securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="301" align="left" height="17" colspan="2">   U.S. Treasury securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 110 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 110 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Other U.S. government securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 90 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 90 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Domestic municipal bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 6 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 6 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Foreign government bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 11 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 11 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Domestic corporate bonds(2)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 104 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 104 </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Foreign corporate bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 23 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 23 </td></tr><tr><td width="301" align="left" height="17" colspan="2">Other types of investments:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="301" align="left" height="17" colspan="2">   Securities lending program(3)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> (11)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> (11)</td></tr><tr><td width="301" align="left" height="17" colspan="2">   Private equity funds(4) (stated at net asset value)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 19 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 19 </td></tr><tr><td width="301" align="left" colspan="2" style="border-bottom: 3px solid #000000;" height="18">Total investment assets(5)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 996 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 304 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 19 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 1,319 </td></tr><tr><td height="12" style="border-top: 3px solid #000000;" align="right" width="35">(1)</td><td width="570" align="left" colspan="9" style="border-top: 3px solid #000000;" height="12">Investments in common stock of domestic corporations stratified according to the MSCI 2500 index.</td></tr><tr><td height="12" width="35" align="right">(2)</td><td width="570" align="left" height="12" colspan="9">Investment grade bonds of U.S. issuers from diverse industries.</td></tr><tr><td height="12" width="35" align="right">(3)</td><td width="570" align="left" height="12" colspan="9">An obligation to return collateral in excess of assets held under a securities lending agreement, allocated to each of the plans that hold assets in the pension master trust. Some of the collateral held in asset-backed securities is impaired. </td></tr><tr><td height="12" width="35" align="right">(4)</td><td width="570" align="left" height="12" colspan="9">Investments in venture capital and real estate funds.</td></tr><tr><td height="12" width="35" align="right">(5)</td><td width="570" align="left" height="12" colspan="9">Excludes cash balance of $13 million.</td></tr></table>The investments of the pension master trust allocated to the pension plans classified as Level 3 are private equity funds and represent a percentage of each plan's total allocated assets as follows: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="17" width="231" align="left"> </td><td width="428" align="center" colspan="8" style="border-bottom: 1px solid #000000;" height="17">Private Equity Funds</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="231">(Dollars in millions)</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="25"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">SDG&E</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">SoCalGas</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="20"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">All Other </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="21"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">Total</td></tr><tr><td height="17" style="border-top: 1px solid #000000;" align="left" width="231"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="25"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="85"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="85"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="20"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="85"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="21"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="85"> </td></tr><tr><td height="17" width="231" align="left">Total Level 3 investment assets</td><td height="17" width="25" align="right">$</td><td height="17" width="85" align="right">9 </td><td height="17" width="22" align="right">$</td><td height="17" width="85" align="right">19 </td><td height="17" width="20" align="right">$</td><td height="17" width="85" align="right">2 </td><td height="17" width="21" align="right">$</td><td height="17" width="85" align="right">30 </td></tr><tr><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="231">Percentage of total investment assets</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="25"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="85">1% </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="center" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="85">1% </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="20"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="85">1% </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="21"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="85">1% </td></tr></table>The following table provides a reconciliation of changes in the fair value of investments classified as Level 3: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="679" align="left" colspan="9" style="border-top: 1px solid #000000;" height="19">LEVEL 3 RECONCILIATIONS </td></tr><tr><td width="679" align="left" height="19" colspan="9">(Dollars in millions)</td></tr><tr><td height="17" width="251" align="left"> </td><td width="428" align="center" colspan="8" style="border-bottom: 1px solid #000000;" height="17">Private Equity Funds</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="251"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">SDG&E</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">SoCalGas</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">All Other </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">Total</td></tr><tr><td height="17" style="border-top: 1px solid #000000;" align="left" width="251">Balance as of January 1, 2009</td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="85"> 9 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="85"> 21 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="85"> 2 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="85"> 32 </td></tr><tr><td height="17" width="251" align="left">   Realized gains</td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> - </td><td height="17" width="22" align="center"> </td><td height="17" width="85" align="right"> 1 </td><td height="17" width="22" align="center"> </td><td height="17" width="85" align="right"> - </td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> 1 </td></tr><tr><td height="17" width="251" align="left">   Unrealized gains relating to instruments </td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> </td><td height="17" width="22" align="center"> </td><td height="17" width="85" align="right"> </td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> </td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> </td></tr><tr><td height="17" width="251" align="left">      still held at the reporting date</td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> - </td><td height="17" width="22" align="center"> </td><td height="17" width="85" align="right"> (2)</td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> - </td><td height="17" width="22" align="left"> </td><td height="17" width="85" align="right"> (2)</td></tr><tr><td height="17" width="251" align="left">   Purchases, sales and settlements - net</td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="85"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="85"> (1)</td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="85"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="85"> (1)</td></tr><tr><td height="18" style="border-bottom: 3px solid #000000;" align="left" width="251">Balance as of December 31, 2009</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="85"> 9 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="85"> 19 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="85"> 2 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="85"> 30 </td></tr></table>The fair values of the postretirement benefit plan assets held in the pension master trust and in the additional trusts for SoCalGas' postretirement benefit plans and SDG&E'S postretirement benefit plans (PBOP plan trusts) at December 31, 2009, by asset category are as follows: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="690" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2009</td></tr><tr><td width="690" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="87"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="289"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 1</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 2</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 3</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="64">Total</td></tr><tr><td width="376" align="left" colspan="2" style="border-top: 1px solid #000000;" height="17">Sempra Energy Consolidated</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="64"> </td></tr><tr><td width="376" align="left" height="17" colspan="2">Other Postretirement Benefit Plans - Investment assets </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="left"> </td></tr><tr><td height="17" width="87" align="left">   SDG&E </td><td height="17" width="289" align="left">(see table below)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 40 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 40 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 1 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22">$</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 81 </td></tr><tr><td height="17" width="87" align="left">   SoCalGas </td><td height="17" width="289" align="left">(see table below)</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 201 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 323 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 4 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="64"> 528 </td></tr><tr><td width="376" align="left" height="17" colspan="2">Other Sempra Energy</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="64"> </td></tr><tr><td width="376" align="left" height="17" colspan="2">Equity securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="left"> </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Domestic large-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 4 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 4 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Domestic mid-cap(1)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 1 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Foreign emerging market funds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 2 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Foreign large-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 1 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Registered investment company</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 1 </td></tr><tr><td width="376" align="left" height="17" colspan="2">Fixed income securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="left"> </td></tr><tr><td width="376" align="left" height="17" colspan="2">   U.S. Treasury securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 2 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Other U.S. government securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 1 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Foreign government bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 1 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Domestic corporate bonds(2) </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 2 </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Common/collective trusts(3)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 1 </td></tr><tr><td width="376" align="left" height="17" colspan="2">Other types of investment:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="left"> </td></tr><tr><td width="376" align="left" height="17" colspan="2">   Securities lending program(4)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> (1)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> (1)</td></tr><tr><td width="376" align="left" height="17" colspan="2">Total other Sempra Energy </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 9 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> 6 </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="right" width="64"> 15 </td></tr><tr><td width="376" align="left" colspan="2" style="border-bottom: 3px solid #000000;" height="18">Total Sempra Energy Consolidated(5)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 250 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 369 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 5 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 624 </td></tr><tr><td width="690" align="left" colspan="10" style="border-top: 3px solid #000000;" height="12">(1) Investments in common stock of domestic corporations stratified according to the MSCI 2500 index.</td></tr><tr><td width="690" align="left" height="12" colspan="10">(2) Investment-grade bonds of U.S. issuers from diverse industries.</td></tr><tr><td width="690" align="left" height="12" colspan="10">(3) Investment in common/collective trusts held in a PBOP plan trust.</td></tr><tr><td width="690" align="left" height="12" colspan="10">(4) An obligation to return collateral in excess of assets held under a securities lending agreement, allocated to each of the plans that hold </td></tr><tr><td width="690" align="left" height="12" colspan="10">     assets in the pension master trust. Some of the collateral held in asset-backed securities is impaired. </td></tr><tr><td width="690" align="left" height="12" colspan="10">(5) Excludes cash balance of $34 million, $30 million of which is held in a SoCalGas PBOP plan trust.</td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="599" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2009</td></tr><tr><td width="599" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="35"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="260"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 1</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 2</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 3</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Total</td></tr><tr><td width="295" align="left" colspan="2" style="border-top: 1px solid #000000;" height="17">SDG&E</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td></tr><tr><td width="295" align="left" height="17" colspan="2">Equity securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Domestic large-cap(1)</td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 19 </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 19 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Domestic mid-cap(1) </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 4 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 4 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Domestic small-cap(1) </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Foreign emerging market funds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Foreign large-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 9 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 9 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Foreign mid-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Foreign small-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td></tr><tr><td width="295" align="left" height="17" colspan="2">Fixed income securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="295" align="left" height="17" colspan="2">   U.S. Treasury securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Other U.S. government securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Domestic municipal bonds(2)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 10 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 10 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Domestic corporate bonds(3)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 3 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Foreign corporate bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Common/collective trusts</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 21 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 21 </td></tr><tr><td width="295" align="left" height="17" colspan="2">Other types of investment:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="295" align="left" height="17" colspan="2">   Private equity funds(4) (stated at net asset value)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 1 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 1 </td></tr><tr><td width="295" align="left" colspan="2" style="border-bottom: 3px solid #000000;" height="18">Total investment assets</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 40 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 40 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 1 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 81 </td></tr><tr><td height="12" style="border-top: 3px solid #000000;" align="right" width="35">(1)</td><td width="564" align="left" colspan="9" style="border-top: 3px solid #000000;" height="12">Investments in common stock of domestic corporations stratified according to the MSCI 2500 index.</td></tr><tr><td height="12" width="35" align="right">(2)</td><td width="564" align="left" height="12" colspan="9">Bonds of California municipalities held in the SDG&E PBOP plan trusts.</td></tr><tr><td height="12" width="35" align="right">(3)</td><td width="564" align="left" height="12" colspan="9">Investment-grade bonds of U.S. issuers from diverse industries.</td></tr><tr><td height="12" width="35" align="right">(4)</td><td width="564" align="left" height="12" colspan="9">Investments in venture capital and real estate funds.</td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="594" align="left" colspan="10" style="border-top: 1px solid #000000;" height="19">FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2009</td></tr><tr><td width="594" align="left" height="19" colspan="10">(Dollars in millions)</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="35"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="255"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 1</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 2</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Level 3</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="center" width="54">Total</td></tr><tr><td width="290" align="left" colspan="2" style="border-top: 1px solid #000000;" height="17">SoCalGas</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="54"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">Equity securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic large-cap(1)</td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 86 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right">$</td><td height="17" width="54" align="right"> 86 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic mid-cap(1) </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 18 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 18 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic small-cap(1) </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 12 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 12 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign emerging market funds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 16 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 16 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Broad market fund(2)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 189 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 189 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign large-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 45 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 45 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign mid-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 9 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 9 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign small-cap </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 7 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 7 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Registered investment company</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td></tr><tr><td width="290" align="left" height="17" colspan="2">Fixed income securities:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">   U.S. Treasury securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 22 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 22 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Other U.S. government securities</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 18 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 18 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic municipal bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 1 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign government bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 2 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Domestic corporate bonds(3) </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 21 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 21 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Foreign corporate bonds</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 5 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 5 </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Common/collective trusts(4)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 73 </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> 73 </td></tr><tr><td width="290" align="left" height="17" colspan="2">Other types of investments:</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="left"> </td></tr><tr><td width="290" align="left" height="17" colspan="2">   Securities lending program(5) </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> (2)</td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> - </td><td height="17" width="22" align="right"> </td><td height="17" width="54" align="right"> (2)</td></tr><tr><td width="290" align="left" height="17" colspan="2">   Private equity funds(6) (stated at net asset value)</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 4 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="54"> 4 </td></tr><tr><td width="290" align="left" colspan="2" style="border-bottom: 3px solid #000000;" height="18">Total investment assets(7)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 201 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 323 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 4 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="54"> 528 </td></tr><tr><td height="12" style="border-top: 3px solid #000000;" align="right" width="35">(1)</td><td width="559" align="left" colspan="9" style="border-top: 3px solid #000000;" height="12">Investments in common stock of domestic corporations stratified according to the MSCI 2500 index.</td></tr><tr><td height="12" width="35" align="right">(2)</td><td width="559" align="left" height="12" colspan="9">A passively managed broad market fund held in a SoCalGas PBOP plan trust.</td></tr><tr><td height="12" width="35" align="right">(3)</td><td width="559" align="left" height="12" colspan="9">Investment-grade bonds of U.S. issuers from diverse industries.</td></tr><tr><td height="12" width="35" align="right">(4)</td><td width="559" align="left" height="12" colspan="9">Investment in common/collective trusts held in a PBOP plan trust.</td></tr><tr><td height="12" width="35" align="right">(5)</td><td width="559" align="left" height="12" colspan="9">An obligation to return collateral in excess of assets held under a securities lending agreement, allocated to each of the plans that hold assets in the pension master trust. Some of the collateral held in asset-backed securities is impaired. </td></tr><tr><td height="12" width="35" align="right">(6)</td><td width="559" align="left" height="12" colspan="9">Investments in venture capital and real estate funds.</td></tr><tr><td height="12" width="35" align="right">(7)</td><td width="559" align="left" height="12" colspan="9">Excludes cash balance of $34 million, $30 million of which is held in a SoCalGas PBOP plan trust.</td></tr></table>The investments of the pension master trust allocated to the postretirement benefit plans classified as Level 3 are private equity funds and represent a percentage of each plan's total allocated assets as follows: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="17" width="285" align="left"> </td><td width="311" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="17">Private Equity Funds</td></tr><tr><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="285">(Dollars in millions)</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="left" width="19"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">SDG&E</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="19"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="85">SoCalGas</td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="23"> </td><td height="17" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" align="center" width="80">Total</td></tr><tr><td height="17" style="border-top: 1px solid #000000;" align="left" width="285"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="19"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="85"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="19"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="85"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="23"> </td><td height="17" style="border-top: 1px solid #000000;" align="center" width="80"> </td></tr><tr><td height="17" width="285" align="left">Total Level 3 investment assets</td><td height="17" width="19" align="right">$</td><td height="17" width="85" align="right">1 </td><td height="17" width="19" align="right">$</td><td height="17" width="85" align="right">4 </td><td height="17" width="23" align="right">$</td><td height="17" width="80" align="right">5 </td></tr><tr><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="285">Percentage of total investment assets</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="19"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="85">1% </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="center" width="19"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="85">1% </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="23"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="80">1% </td></tr></table>There were no changes in the fair value of these investments in 2009.Securities Lending The pension master trust participates in securities lending programs through agents that are managed by external investment advisors. Under these programs, the Sempra Energy pension trust requires collateral in the form of cash equal to 102 percent and 105 percent of the fair value of the loaned domestic and foreign securities, respectively. The trust maintains effective control of the loaned investments during the terms of the agreement, in that they may recall the securities loaned at any time prior to the maturity of the agreement. Upon maturity of the agreement, the borrower must return the same, or substantially the same, investments that were borrowed. The risks of securities lending programs include collateral reinvestment risk, trade settlement risk, borrower default and operational negligence. All agents engaged through the securities lending programs provide indemnification against trade settlement risk and operational negligence. Additionally, the agent of the separately managed account provides indemnification against borrower defaults. Under the securities lending program, cash collateral received may be invested in various funds, managed by the external agents, in a manner that generally seeks to preserve principal, and to provide liquidity and current income. The collateral received on the Sempra Energy pension trust's securities loaned in the separately managed account that was reinvested, the fair values of such investments and the resulting unrealized losses as of December 31, 2009 and 2008 are as follows: <table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="702" align="left" colspan="14" style="border-top: 1px solid #000000;" height="19">SECURITIES LENDING</td></tr><tr><td width="702" align="left" height="19" colspan="14">(Dollars in millions)</td></tr><tr><td height="17" width="145" align="left"> </td><td width="274" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="17">Pension Benefits</td><td height="17" width="7" align="left"> </td><td width="276" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="17">Other Postretirement Benefits</td></tr><tr><td height="17" width="145" align="left"> </td><td width="86" align="center" colspan="2" style="border-top: 1px solid #000000;" height="17">Collateral</td><td width="102" align="center" colspan="2" style="border-top: 1px solid #000000;" height="17">Fair Value of </td><td width="86" align="center" colspan="2" style="border-top: 1px solid #000000;" height="17">Unrealized</td><td height="17" width="7" align="left"> </td><td width="86" align="center" colspan="2" style="border-top: 1px solid #000000;" height="17">Collateral</td><td width="104" align="center" colspan="2" style="border-top: 1px solid #000000;" height="17">Fair Value of </td><td width="86" align="center" colspan="2" style="border-top: 1px solid #000000;" height="17">Unrealized</td></tr><tr><td height="17" width="145" align="left"> </td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="17">Received</td><td width="102" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="17">Invested Collateral</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="17">Loss</td><td height="17" width="7" align="left"> </td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="17">Received</td><td width="104" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="17">Invested Collateral</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="17">Loss</td></tr><tr><td height="17" width="145" align="right">2009 </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="64"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="38"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="64"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="64"> </td><td height="17" width="7" align="left"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="64"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="40"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="64"> </td><td height="17" style="border-top: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="64"> </td></tr><tr><td height="17" width="145" align="left">SDG&E</td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> 88 </td><td height="17" width="38" align="right">$</td><td height="17" width="64" align="right"> 83 </td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> (5)</td><td height="17" width="7" align="left"> </td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> 6 </td><td height="17" width="40" align="right">$</td><td height="17" width="64" align="right"> 6 </td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> - </td></tr><tr><td height="17" width="145" align="left">SoCalGas</td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 191 </td><td height="17" width="38" align="right"> </td><td height="17" width="64" align="right"> 180 </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> (11)</td><td height="17" width="7" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 38 </td><td height="17" width="40" align="right"> </td><td height="17" width="64" align="right"> 36 </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> (2)</td></tr><tr><td height="17" width="145" align="left">Other Sempra Energy</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 25 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="38"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 25 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> - </td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="7"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 2 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="40"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 1 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> (1)</td></tr><tr><td height="18" style="border-bottom: 3px solid #000000;" align="left" width="145">Total</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 304 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="38">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 288 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> (16)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="7"> </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 46 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="40">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 43 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> (3)</td></tr><tr><td height="18" style="border-top: 3px solid #000000;" align="right" width="145">2008 </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="38"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="7"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="40"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td></tr><tr><td height="17" width="145" align="left">SDG&E</td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> 157 </td><td height="17" width="38" align="right">$</td><td height="17" width="64" align="right"> 146 </td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> (11)</td><td height="17" width="7" align="left"> </td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> 9 </td><td height="17" width="40" align="right">$</td><td height="17" width="64" align="right"> 8 </td><td height="17" width="22" align="right">$</td><td height="17" width="64" align="right"> (1)</td></tr><tr><td height="17" width="145" align="left">SoCalGas</td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 360 </td><td height="17" width="38" align="right"> </td><td height="17" width="64" align="right"> 334 </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> (26)</td><td height="17" width="7" align="left"> </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> 76 </td><td height="17" width="40" align="right"> </td><td height="17" width="64" align="right"> 70 </td><td height="17" width="22" align="right"> </td><td height="17" width="64" align="right"> (6)</td></tr><tr><td height="17" width="145" align="left">Other Sempra Energy</td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 41 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="38"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 38 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> (3)</td><td height="17" style="border-bottom: 1px solid #000000;" align="left" width="7"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 3 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="40"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> 3 </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="17" style="border-bottom: 1px solid #000000;" align="right" width="64"> - </td></tr><tr><td height="18" style="border-bottom: 3px solid #000000;" align="left" width="145">Total</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 558 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="38">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 518 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> (40)</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="7"> </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 88 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="40">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> 81 </td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="18" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="64"> (7)</td></tr><tr><td height="18" style="border-top: 3px solid #000000;" align="left" width="145"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="38"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="7"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="40"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td><td height="18" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="18" style="border-top: 3px solid #000000;" align="left" width="64"> </td></tr></table>Collateral received was reinvested in a portfolio of investments, through an agent, mostly consisting of AAArated asset backed floating rate notes, and floating rate notes rated A2 or better at the time of purchase by Moody’s Investor Service or A by S&P. Derivative Financial Instruments In accordance with the Company’s pension investment guidelines, derivative financial instruments are used by the pension master trust’s equity and fixed income portfolio investment managers. Futures and foreign currency exchange contracts are used primarily to rebalance the fixed income/equity allocation of the pension master trust’s portfolio and to hedge all or a portion of the currency risk component of the foreign equity investments. Currency hedge positions are not permitted to exceed the level of underlying foreign security exposure in the pension master trust’s related assets. Some of the fixed income investment managers are permitted to use certain specified types of derivative instruments as part of their respective strategies. These strategies include the use of futures and options as substitutes for certain types of fixed income securities. During 2009 and 2008, the pension master trust owned shares in funds that held futures contracts and foreign currency forward contracts. In 2009 and 2008, such funds in which the pension master trust owned shares were the S&P 1500 Index and the Foreign Equity Index managed by Barclay’s Global Investors. As these futures contracts are not held directly by the pension master trust, they are not included in the following discussion. At December 31, 2009 and 2008, the pension master trust did not directly hold any futures or currency forward contracts. As we discuss above, interest rate swaps are used directly, in conjunction with the securities lending program and indirectly, through an index fund in the pension master trust. The asset allocations for our plans' assets at December 31, 2008, by asset category were as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="132" align="left"> </td><td width="134" align="center" height="14" colspan="2">Sempra Energy</td><td height="14" width="138" align="left"> </td><td height="14" width="22" align="left"> </td><td height="14" width="115" align="left"> </td><td height="14" width="22" align="left"> </td></tr><tr><td height="14" width="132" align="left"> </td><td width="134" align="center" height="14" colspan="2">Consolidated</td><td width="160" align="center" height="14" colspan="2">SDG&E</td><td width="137" align="center" height="14" colspan="2">SoCalGas</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="132"> </td><td width="134" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Pension Master Trust</td><td width="160" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Postretirement Health Plans</td><td width="137" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Other PBOP Plans</td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="132">U.S. equity</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="112"> 42 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="22">%</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="138"> 28 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="22">%</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="115"> 61 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="22">%</td></tr><tr><td height="16" width="132" align="left">Foreign equity</td><td height="16" width="112" align="right"> 22 </td><td height="16" width="22" align="left"> </td><td height="16" width="138" align="right"> 4 </td><td height="16" width="22" align="left"> </td><td height="16" width="115" align="right"> - </td><td height="16" width="22" align="left"> </td></tr><tr><td height="16" width="132" align="left">Fixed income</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="112"> 36 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="138"> 68 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="115"> 39 </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="22"> </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="132">   Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="112"> 100 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="22">%</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="138"> 100 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="22">%</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="115"> 100 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">%</td></tr></table>Future Payments We expect to contribute the following amounts to our pension and other postretirement benefit plans in 2010:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="250" align="left"> </td><td width="97" align="center" height="14" colspan="2">Sempra Energy</td><td width="97" align="center" height="14" colspan="2"> </td><td width="97" align="center" height="14" colspan="2"> </td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="250">(Dollars in millions)</td><td width="97" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Consolidated</td><td width="97" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">SDG&E</td><td width="97" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">SoCalGas</td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="250">Pension plans</td><td height="16" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 168 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 58 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 82 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="250">Other postretirement benefit plans</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"> 55 </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"> 16 </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"> 36 </td></tr></table>The following two tables show the total benefits we expect to pay for the next 10 years to current employees and retirees from the plans or from company assets.<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="131" align="left"> </td><td width="169" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">Sempra Energy Consolidated</td><td height="14" width="12" align="center"> </td><td width="169" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">SDG&E</td><td height="14" width="12" align="center"> </td><td width="169" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">SoCalGas</td></tr><tr><td height="14" width="131" align="left"> </td><td width="83" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14"> </td><td width="86" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">Other</td><td height="14" width="12" align="center"> </td><td width="83" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14"> </td><td width="86" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">Other</td><td height="14" width="12" align="center"> </td><td width="83" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14"> </td><td width="86" align="center" colspan="2" style="border-top: 1px solid #000000;" height="14">Other</td></tr><tr><td height="14" width="131" align="left"> </td><td width="83" align="center" height="14" colspan="2">Pension</td><td width="86" align="center" height="14" colspan="2">Postretirement</td><td height="14" width="12" align="center"> </td><td width="83" align="center" height="14" colspan="2">Pension</td><td width="86" align="center" height="14" colspan="2">Postretirement</td><td height="14" width="12" align="center"> </td><td width="83" align="center" height="14" colspan="2">Pension</td><td width="86" align="center" height="14" colspan="2">Postretirement</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="131">(Dollars in millions)</td><td width="83" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Benefits</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Benefits</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="83" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Benefits</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Benefits</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="12"> </td><td width="83" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Benefits</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Benefits</td></tr><tr><td height="17" style="border-top: 1px solid #000000;" align="right" width="131">2010 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="61"> 294 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="64"> 48 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="12"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="61"> 86 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="64"> 7 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="12"> </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="61"> 170 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="64"> 38 </td></tr><tr><td height="17" width="131" align="right">2011 </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 304 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 51 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 89 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 8 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 169 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 40 </td></tr><tr><td height="17" width="131" align="right">2012 </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 301 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 54 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 84 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 9 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 167 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 41 </td></tr><tr><td height="17" width="131" align="right">2013 </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 292 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 57 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 85 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 10 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 176 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 43 </td></tr><tr><td height="17" width="131" align="right">2014 </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 299 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 60 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 86 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 11 </td><td height="17" width="12" align="left"> </td><td height="17" width="22" align="left"> </td><td height="17" width="61" align="right"> 177 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 46 </td></tr><tr><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="131">2015-2019</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 1,408 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="64"> 353 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="12"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 397 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="64"> 67 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="12"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 848 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="64"> 265 </td></tr></table>The expected future Medicare Part D subsidy payments are as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="183" align="left"> </td><td width="86" align="center" height="14" colspan="2">Sempra</td><td width="86" align="center" height="14" colspan="2"> </td><td width="86" align="center" height="14" colspan="2"> </td></tr><tr><td height="14" width="183" align="left"> </td><td width="86" align="center" height="14" colspan="2">Energy</td><td width="86" align="center" height="14" colspan="2"> </td><td width="86" align="center" height="14" colspan="2"> </td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="183">(Dollars in millions)</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">Consolidated</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">SDG&E</td><td width="86" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">SoCalGas</td></tr><tr><td height="17" style="border-top: 1px solid #000000;" align="right" width="183">2010 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="64"> 3 </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="64"> - </td><td height="17" style="border-top: 1px solid #000000;" align="left" width="22">$</td><td height="17" style="border-top: 1px solid #000000;" align="right" width="64"> 2 </td></tr><tr><td height="17" width="183" align="right">2011 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 3 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> - </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 2 </td></tr><tr><td height="17" width="183" align="right">2012 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 3 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> - </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 3 </td></tr><tr><td height="17" width="183" align="right">2013 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 3 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> - </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 3 </td></tr><tr><td height="17" width="183" align="right">2014 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 4 </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> - </td><td height="17" width="22" align="left"> </td><td height="17" width="64" align="right"> 3 </td></tr><tr><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="183">2015-2019</td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="64"> 23 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="64"> 4 </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="left" width="22"> </td><td height="18" style="border-bottom: 3px solid #C0C0C0;" align="right" width="64"> 18 </td></tr></table>Savings Plans Sempra Energy offers trusteed savings plans to all employees. Participation in the plans is immediate for salary deferrals for all employees except for the represented employees at SoCalGas, who are eligible upon completion of one year of service. Subject to plan provisions, employees may contribute from one percent to 25 percent of their regular earnings when they begin employment. After one year of the employee's completed service, Sempra Energy makes matching contributions. Employer contribution amounts and methodology vary by plan, but generally the contributions are equal to 50 percent of the first 6 percent of eligible base salary contributed by employees and, if certain company goals are met, an additional amount related to incentive compensation payments. Employer contributions are initially invested in Sempra Energy common stock, but the employee may transfer the contribution to other investments. Employee contributions are invested in Sempra Energy stock, mutual funds or institutional trusts (the same investments to which employees may direct the employer contributions), which the employee selects. In Sempra Energy plans, employee contributions may also be invested in guaranteed investment contracts. Employer contributions for the Sempra Energy and SoCalGas plans are partially funded by the ESOP referred to below. Contributions to the savings plans were as follows:<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="215">(Dollars in millions)</td><td width="87" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">2009 </td><td width="87" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">2008 </td><td width="87" align="center" colspan="2" style="border-bottom: 1px solid #000000;" height="14">2007 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="215">Sempra Energy Consolidated</td><td height="16" style="border-top: 1px solid #000000;" align="left" width="26">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 31 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="26">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 32 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="26">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="61"> 31 </td></tr><tr><td height="16" width="215" align="left">SDG&E</td><td height="16" width="26" align="left"> </td><td height="16" width="61" align="right"> 13 </td><td height="16" width="26" align="left"> </td><td height="16" width="61" align="right"> 13 </td><td height="16" width="26" align="left"> </td><td height="16" width="61" align="right"> 12 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="215">PE/SoCalGas</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 13 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 12 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="26"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="61"> 12 </td></tr></table>The market value of Sempra Energy common stock held by the savings plans was $919 million and $700 million at December 31, 2009 and 2008, respectively. Employee Stock Ownership Plan All contributions to the ESOP Trust (described in Note 6) are made by Sempra Energy; there are no contributions made by the participants. As Sempra Energy makes contributions, the ESOP debt service is paid and shares are released in proportion to the total expected debt service. We charge compensation expense and credit equity for the market value of the released shares. Dividends on unallocated shares are used to pay debt service and are applied against the liability. The shares held by the Trust are unallocated and consist of 0.9 million shares of Sempra Energy common stock with a fair value of $49 million at December 31, 2009, and 1.2 million shares of Sempra Energy common stock with a fair value of $50 million at December 31, 2008.</div> NOTE 9. EMPLOYEE BENEFIT PLANSWe are required by applicable GAAP to: recognize an asset for a plan's overfunded status or a liability for a plan's underfunded false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true