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<div style="font-size:12pt"><p>Derivative Positions Net of Cash Collateral<br />Each Consolidated Balance Sheet reflects the offsetting of net derivative positions with fair value amounts for cash collateral with the same counterparty when management believes a legal right of offset exists.<br />The following table provides the amount of fair value of cash collateral receivables that were not offset in the Consolidated Balance Sheets as of December 31, 2009 and 2008:</p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="14" width="320" align="left"><b> </b></td><td width="194" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="14">December 31,</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="320"><i>(Dollars in millions)</i></td><td width="97" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="97" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td></tr><tr><td height="16" style="border-top: 1px solid #000000;" align="left" width="320">Sempra Energy Consolidated</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 36 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="75"> 28 </td></tr><tr><td height="16" width="320" align="left">SDG&E</td><td height="16" width="22" align="left"> </td><td height="16" width="75" align="right"> 30 </td><td height="16" width="22" align="left"> </td><td height="16" width="75" align="right"> 21 </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="320">SoCalGas</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"> 5 </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"> 7 </td></tr></table><p>Fair Value Hierarchy<br />We discuss the valuation techniques we use to measure fair value and the definition of the three levels of the fair value hierarchy in Note 1 under "Fair Value Measurements" and in Note 2 under "FSP FAS 157-4." <br />The three tables below, by level within the fair value hierarchy, set forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2009 and 2008. We classify financial assets and liabilities in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and liabilities, and their placement within the fair value hierarchy levels. <br />The fair value of commodity derivative assets and liabilities is determined in accordance with our netting policy, as discussed above under "Derivative Positions Net of Cash Collateral." <br />The determination of fair values, shown in the tables below, incorporates various factors, including but not limited to, the credit standing of the counterparties involved and the impact of credit enhancements (such as cash deposits, letters of credit and priority interests).<br />Our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2009 and 2008 in the tables below include the following: <br /></p><ul><li>Nuclear decommissioning trusts reflect the assets of SDG&E's nuclear decommissioning trusts, excluding cash balances, as we discuss in Note 7. The trust assets are valued by a third party trustee. The trustee obtains prices from pricing services that are derived from observable data. We monitor the prices supplied by pricing services by validating pricing with other sources of data.<br /></li><li>Investments include marketable securities and are primarily priced based on observable interest rates for similar instruments actively trading in the marketplace. <br /></li><li>Commodity and other derivative positions, which include other interest rate management instruments, are entered into primarily as a means to manage price exposures. We use market participant assumptions to price these derivatives. Market participant assumptions include those about risk, and the risk inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable.<br /></li></ul><p>In the third quarter of 2007, the California Independent System Operator (ISO) began the process of allocating CRRs to load serving entities, including SDG&E. These instruments are included with commodity derivatives and are recorded at fair value based on the most current annual auction prices published by the California ISO. Prior to the ISO auction conducted in November 2008, the CRRs were priced based on discounted cash flows. They are classified as Level 3 and reflected in the Sempra Energy and SDG&E tables below. Changes in the fair value of CRRs are deferred and recorded in regulatory accounts to the extent they are recoverable or refundable through rates.</p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="659" align="left" colspan="11" style="border-top: 1px solid #000000;" height="19"><b>RECURRING FAIR VALUE MEASURES -- SEMPRA ENERGY CONSOLIDATED</b></td></tr><tr><td width="659" align="left" height="19" colspan="11"><i>(Dollars in millions)</i></td></tr><tr><td height="14" width="220" align="left"> </td><td width="439" align="center" colspan="10" style="border-bottom: 1px solid #000000;" height="14">At fair value as of December 31, 2009</td></tr><tr><td height="14" width="220" align="left"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65">Collateral</td><td height="14" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="14" width="220" align="left"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 1</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 2</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 3</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Netted</td><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="26"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Total</td></tr><tr><td height="16" width="220" align="left">Assets:</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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">    Nuclear decommissioning trusts(1)</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 532 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 137 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 669 </td></tr><tr><td height="16" width="220" align="left">    Investments</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 1 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="right"> 1 </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 39 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 65 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 10 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> (40)</td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="right"> 74 </td></tr><tr><td height="16" width="220" align="left">    Other derivatives</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="65"> - </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="65"> 38 </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="65"> - </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="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 38 </td></tr><tr><td height="16" width="220" align="left">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="65"> 572 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 240 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 10 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> (40)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 782 </td></tr><tr><td height="16" width="220" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">Liabilities:</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="left"> </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 9 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 74 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> (9)</td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 74 </td></tr><tr><td height="16" width="220" align="left">    Other derivatives</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 59 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 59 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="220">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 9 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 133 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> (9)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 133 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="220"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="26"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left"> </td><td width="439" align="center" colspan="10" style="border-bottom: 1px solid #000000;" height="16">At fair value as of December 31, 2008</td></tr><tr><td height="16" width="220" align="left"> </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="65"> </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="65"> </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="65"> </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="65">Collateral</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="16" width="220" align="left"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 1</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 2</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 3</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Netted</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Total</td></tr><tr><td height="16" width="220" align="left">Assets:</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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">    Nuclear decommissioning trusts(1)</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 421 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 148 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 569 </td></tr><tr><td height="16" width="220" align="left">    Short-term investments(2)</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 1 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 176 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="right"> 177 </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 55 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 76 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 27 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> (38)</td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="right"> 120 </td></tr><tr><td height="16" width="220" align="left">    Other derivatives</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="65"> - </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="65"> 76 </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="65"> - </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="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 76 </td></tr><tr><td height="16" width="220" align="left">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="65"> 477 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 476 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 27 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> (38)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 942 </td></tr><tr><td height="16" width="220" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">Liabilities:</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="left"> </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 63 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 110 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> (63)</td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 110 </td></tr><tr><td height="16" width="220" align="left">    Other derivatives</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 130 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 130 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="220">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 63 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 240 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> (63)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 240 </td></tr><tr><td width="659" align="left" colspan="11" style="border-top: 3px solid #000000;" height="12"><i>(1) Excludes cash balances.</i></td></tr><tr><td width="659" align="left" height="12" colspan="11"><i>(2) Level 2 amounts are industrial development bonds discussed in Note 6.</i></td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="659" align="left" colspan="11" style="border-top: 1px solid #000000;" height="19"><b>RECURRING FAIR VALUE MEASURES -- SDG&E</b></td></tr><tr><td width="659" align="left" height="19" colspan="11"><i>(Dollars in millions)</i></td></tr><tr><td height="14" width="220" align="left"> </td><td width="439" align="center" colspan="10" style="border-bottom: 1px solid #000000;" height="14">At fair value as of December 31, 2009</td></tr><tr><td height="14" width="220" align="left"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65">Collateral</td><td height="14" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="14" width="220" align="left"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 1</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 2</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 3</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Netted</td><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="26"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Total</td></tr><tr><td height="16" width="220" align="left">Assets:</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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">    Nuclear decommissioning trusts(1)</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 532 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 137 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 669 </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 30 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 2 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 10 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 42 </td></tr><tr><td height="16" width="220" align="left">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 562 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 139 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 10 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 711 </td></tr><tr><td height="16" width="220" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">Liabilities:</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="left"> </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 9 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> (9)</td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> - </td></tr><tr><td height="16" width="220" align="left">    Other derivatives</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 43 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 43 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="220">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 9 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 43 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> (9)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 43 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="220"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="26"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left"> </td><td width="439" align="center" colspan="10" style="border-bottom: 1px solid #000000;" height="16">At fair value as of December 31, 2008</td></tr><tr><td height="16" width="220" align="left"> </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="65"> </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="65"> </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="65"> </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="65">Collateral</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="16" width="220" align="left"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 1</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 2</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 3</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Netted</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Total</td></tr><tr><td height="16" width="220" align="left">Assets:</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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </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="left" width="65"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">    Nuclear decommissioning trusts(1)</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 421 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 148 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 569 </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 21 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> 27 </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="right"> 48 </td></tr><tr><td height="16" width="220" align="left">    Short-term investments(2)</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 24 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 24 </td></tr><tr><td height="16" width="220" align="left">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 442 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 172 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 27 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 641 </td></tr><tr><td height="16" width="220" align="left"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="26"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="220" align="left">Liabilities:</td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="left"> </td></tr><tr><td height="16" width="220" align="left">    Commodity derivatives</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 52 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 24 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> (52)</td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 24 </td></tr><tr><td height="16" width="220" align="left">    Other derivatives</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 88 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 88 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="220">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 52 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 112 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> (52)</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 112 </td></tr><tr><td width="659" align="left" colspan="11" style="border-top: 3px solid #000000;" height="12"><i>(1) Excludes cash balances.</i></td></tr><tr><td width="659" align="left" height="12" colspan="11"><i>(2) Level 2 amounts are industrial development bonds discussed in Note 6.</i></td></tr></table><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="648" align="left" colspan="11" style="border-top: 1px solid #000000;" height="19"><b>RECURRING FAIR VALUE MEASURES -- SOCALGAS</b></td></tr><tr><td width="648" align="left" height="19" colspan="11"><i>(Dollars in millions)</i></td></tr><tr><td height="14" width="209" align="left"> </td><td width="439" align="center" colspan="10" style="border-bottom: 1px solid #000000;" height="14">At fair value as of December 31, 2009</td></tr><tr><td height="14" width="209" align="left"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65">Collateral</td><td height="14" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="14" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="14" width="209" align="left"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 1</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 2</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 3</td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Netted</td><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="26"> </td><td height="14" style="border-bottom: 1px solid #000000;" align="center" width="65">Total</td></tr><tr><td height="16" width="209" align="left">Assets:</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="65"> </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="65"> </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="65"> </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="65"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="16" width="209" align="left">    Commodity derivatives</td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 6 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 1 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 7 </td></tr><tr><td height="16" width="209" align="left">    Other derivatives</td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 8 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 8 </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="209">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 6 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 9 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 15 </td></tr><tr><td height="16" style="border-top: 3px solid #000000;" align="left" width="209"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="26"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="209" align="left"> </td><td width="439" align="center" colspan="10" style="border-bottom: 1px solid #000000;" height="16">At fair value as of December 31, 2008</td></tr><tr><td height="16" width="209" align="left"> </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="65"> </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="65"> </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="65"> </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="65">Collateral</td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="16" width="209" align="left"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 1</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 2</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Level 3</td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Netted</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="center" width="65">Total</td></tr><tr><td height="16" width="209" align="left">Assets:</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="65"> </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="65"> </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="65"> </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="65"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="26"> </td><td height="16" style="border-top: 1px solid #000000;" align="center" width="65"> </td></tr><tr><td height="16" width="209" align="left">    Commodity derivatives</td><td height="16" width="22" align="left">$</td><td height="16" width="65" align="right"> 8 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> 3 </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="22" align="right">$</td><td height="16" width="65" align="right"> - </td><td height="16" width="26" align="right">$</td><td height="16" width="65" align="right"> 11 </td></tr><tr><td height="16" width="209" align="left">    Other derivatives</td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 10 </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="22"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="26"> </td><td height="16" style="border-bottom: 1px solid #000000;" align="right" width="65"> 10 </td></tr><tr><td height="16" width="209" align="left">Total</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 8 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 13 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="65"> 21 </td></tr><tr><td height="17" width="209" align="left"> </td><td height="17" style="border-top: 3px solid #000000;" align="left" width="22"> </td><td height="17" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="17" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="17" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="17" style="border-top: 3px solid #000000;" align="right" width="22"> </td><td height="17" style="border-top: 3px solid #000000;" align="left" width="65"> </td><td height="17" style="border-top: 3px solid #000000;" align="right" width="26"> </td><td height="17" style="border-top: 3px solid #000000;" align="left" width="65"> </td></tr><tr><td height="16" width="209" align="left">Liabilities:</td><td height="16" width="22" align="left"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="22" align="right"> </td><td height="16" width="65" align="left"> </td><td height="16" width="26" align="right"> </td><td height="16" width="65" align="left"> </td></tr><tr><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="209">    Commodity derivatives</td><td height="16" style="border-bottom: 3px solid #000000;" align="left" width="22">$</td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="65"> 11 </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="65"> - </td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="22">$</td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="65"> (11)</td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="26">$</td><td height="16" style="border-bottom: 3px solid #000000;" align="right" width="65"> - </td></tr></table><p>Level 3 Information<br />The following table sets forth reconciliations of changes in the fair value of net trading and other derivatives classified as Level 3 in the fair value hierarchy:</p><table style="border-collapse: collapse; margin-top: 20px;"><tr><td width="707" align="left" colspan="14" style="border-top: 1px solid #000000;" height="19"><b>LEVEL 3 RECONCILIATIONS</b></td></tr><tr><td width="707" align="left" height="19" colspan="14"><i>(Dollars in millions)</i></td></tr><tr><td height="14" width="302" align="left"> </td><td width="205" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">Sempra Energy Consolidated</td><td height="14" width="11" align="center"> </td><td width="189" align="center" colspan="6" style="border-bottom: 1px solid #000000;" height="14">SDG&E</td></tr><tr><td height="14" width="302" align="left"> </td><td width="205" align="center" colspan="6" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">Years ended December 31,</td><td height="14" width="11" align="center"> </td><td width="189" align="center" colspan="6" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">Years ended December 31,</td></tr><tr><td height="14" style="border-bottom: 1px solid #000000;" align="left" width="302"><i> </i></td><td width="63" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="71" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="71" 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="11"> </td><td width="63" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2009 </td><td width="63" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="14">2008 </td><td width="63" 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;" align="left" width="302">Balance as of January 1</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="right" width="44"> 27 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="52"> 401 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="52"> 519 </td><td height="16" style="border-top: 1px solid #000000;" align="left" width="11"> </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="44"> 27 </td><td height="16" style="border-top: 1px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;" align="right" width="44"> 7 </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="right" width="44"> - </td></tr><tr><td height="16" width="302" align="left">    Realized and unrealized gains (losses)</td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> (31)</td><td height="16" width="19" align="left"> </td><td height="16" width="52" align="right"> (79)</td><td height="16" width="19" align="right"> </td><td height="16" width="52" align="right"> (272)</td><td height="16" width="11" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> (31)</td><td height="16" width="19" align="left"> </td><td height="16" width="44" align="right"> 3 </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> - </td></tr><tr><td height="16" width="302" align="left">    Allocated transmission instruments</td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> 15 </td><td height="16" width="19" align="left"> </td><td height="16" width="52" align="right"> 17 </td><td height="16" width="19" align="right"> </td><td height="16" width="52" align="right"> - </td><td height="16" width="11" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> 15 </td><td height="16" width="19" align="left"> </td><td height="16" width="44" align="right"> 17 </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> 7 </td></tr><tr><td height="16" width="302" align="left">    Purchases and issuances</td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="52" align="right"> 24 </td><td height="16" width="19" align="right"> </td><td height="16" width="52" align="right"> 154 </td><td height="16" width="11" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> - </td><td height="16" width="19" align="left"> </td><td height="16" width="44" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> - </td></tr><tr><td height="16" width="302" align="left">    Settlements</td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> (1)</td><td height="16" width="19" align="left"> </td><td height="16" width="52" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="52" align="right"> - </td><td height="16" width="11" align="left"> </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> (1)</td><td height="16" width="19" align="left"> </td><td height="16" width="44" align="right"> - </td><td height="16" width="19" align="right"> </td><td height="16" width="44" align="right"> - </td></tr><tr><td height="16" width="302" align="left">    Sale of the commodities-marketing businesses</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="44"> - </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="52"> (336)</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="52"> - </td><td height="16" style="border-bottom: 1px solid #000000;" align="left" width="11"> </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="44"> - </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="44"> - </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="44"> - </td></tr><tr><td height="16" width="302" align="left">Balance as of December 31</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="44"> 10 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="52"> 27 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="52"> 401 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="left" width="11"> </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="44"> 10 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="44"> 27 </td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="19">$</td><td height="16" style="border-top: 1px solid #000000;border-bottom: 3px solid #000000;" align="right" width="44"> 7 </td></tr><tr><td height="16" width="302" align="left">Change in unrealized gains or losses relating to </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="44"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="52"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="52"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="11"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="44"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="19"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="44"> </td><td height="16" style="border-top: 3px solid #000000;" align="right" width="19"> </td><td height="16" style="border-top: 3px solid #000000;" align="left" width="44"> </td></tr><tr><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="302">    instruments still held at December 31</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="19">$</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="44"> (16)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="19">$</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="52"> 27 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="19">$</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="52"> 75 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="left" width="11"> </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="19">$</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="44"> (16)</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="19">$</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="44"> 27 </td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="19">$</td><td height="16" style="border-bottom: 3px solid #C0C0C0;" align="right" width="44"> 7 </td></tr></table><p>Transfers in and/or out of Level 3 represent existing assets or liabilities that were either:<br /></p><ul><li>previously categorized as a higher level for which the inputs to the model became unobservable; or <br /></li><li>assets and liabilities that were previously classified as Level 3 for which the lowest significant input became observable during the period. <br /></li></ul><p>There were no transfers in or out of Level 3 during the periods presented.<br />Gains and losses (realized and unrealized) for Level 3 recurring items are primarily related to the commodities-marketing businesses and were included in Revenues for Sempra Global and Parent on the Consolidated Statements of Operations for the three months ended March 31, 2008 and the year ended December 31, 2007. With the sale of these businesses on April 1, 2008, Level 3 recurring activity was substantially reduced.<br />Gains and losses (realized and unrealized) for SDG&E's Level 3 recurring items are primarily related to congestion revenue rights and were included in Cost of Electric Fuel and Purchased Power on the Consolidated Statements of Operations for the years ended December 31, 2009 and 2008 and the second half of 2007.</p></div>
Derivative Positions Net of Cash CollateralEach Consolidated Balance Sheet reflects the offsetting of net derivative positions with fair value amounts for cash
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