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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2012
Notes to Consolidated Financial Statements [Abstract]  
Segment Information

NOTE 11. SEGMENT INFORMATION

We have six separately managed reportable segments, as follows:

  • SDG&E provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County.

 

  • SoCalGas is a natural gas distribution utility, serving customers throughout most of Southern California and part of central California.

 

  • Sempra South American Utilities operates electric transmission and distribution utilities in Chile and Peru, and owns interests in utilities in Argentina. We are currently pursuing the sale of our interests in the Argentine utilities, which we discuss further in Note 4 of the Notes to Consolidated Financial Statements in the Annual Report.

 

  • Sempra Mexico owns and operates, or holds interests in, natural gas transmission pipelines and propane systems, a natural gas distribution utility, electric generation facilities and a terminal for the import of LNG and sale of natural gas in Mexico.

 

  • Sempra Renewables develops, owns and operates, or holds interests in, wind and solar energy projects in Arizona, California, Colorado, Hawaii, Indiana, Kansas, Nevada and Pennsylvania to serve wholesale electricity markets in the United States.
  • Sempra Natural Gas develops, owns and operates, or holds interests in, a natural gas-fired electric generation plant, natural gas pipelines and storage facilities, a natural gas distribution utility and a terminal for the import and export of LNG and sale of natural gas, all within the United States.

 

Sempra South American Utilities and Sempra Mexico comprise our Sempra International operating unit. Sempra Renewables and Sempra Natural Gas comprise our Sempra U.S. Gas & Power operating unit.

We evaluate each segment's performance based on its contribution to Sempra Energy's reported earnings. The California Utilities operate in essentially separate service territories, under separate regulatory frameworks and rate structures set by the CPUC. The California Utilities' operations are based on rates set by the CPUC and the FERC.

The following tables show selected information by segment from our Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. Amounts labeled as “All other” in the following tables consist primarily of parent organizations and the former commodities-marketing businesses.

 

SEGMENT INFORMATION        
(Dollars in millions)        
  Three months ended March 31,
  20122011
REVENUES        
SDG&E$ 834 35%$ 840 35%
SoCalGas  880 37   1,056 43 
Sempra South American Utilities  357 15   ― ― 
Sempra Mexico  135 6   207 9 
Sempra Renewables  8 ―   4 ― 
Sempra Natural Gas  269 11   449 18 
Intersegment revenues(1)  (100) (4)   (122) (5) 
Total$ 2,383 100%$ 2,434 100%
INTEREST EXPENSE        
SDG&E$ 36  $ 36  
SoCalGas  17    17  
Sempra South American Utilities  10    2  
Sempra Mexico  4    5  
Sempra Renewables  4    3  
Sempra Natural Gas  20    20  
All other  58    56  
Intercompany eliminations(2)  (36)    (31)  
Total$ 113  $ 108  
INTEREST INCOME        
Sempra South American Utilities$ 4  $ 2  
Sempra Mexico  3    2  
Sempra Natural Gas  11    11  
All other  1    2  
Intercompany eliminations(2)  (14)    (14)  
Total$ 5  $ 3  
DEPRECIATION AND AMORTIZATION      
SDG&E$ 112 44%$ 103 45%
SoCalGas  87 34   81 35 
Sempra South American Utilities  13 5   ― ― 
Sempra Mexico  15 6   15 7 
Sempra Renewables  3 1   1 ― 
Sempra Natural Gas  23 9   26 11 
All other  4 1   4 2 
Total$ 257 100%$ 230 100%
INCOME TAX EXPENSE (BENEFIT)      
SDG&E$ 60  $ 49  
SoCalGas  40    37  
Sempra South American Utilities  13    ―  
Sempra Mexico  20    18  
Sempra Renewables  (17)    (7)  
Sempra Natural Gas  2    32  
All other  (1)    (15)  
Total$ 117  $ 114  

SEGMENT INFORMATION (Continued)      
(Dollars in millions)        
 Three months ended March 31,
 20122011
EQUITY EARNINGS        
Earnings (losses) recorded before tax:      
Sempra Renewables$ 1  $ 1  
Sempra Natural Gas  11    9  
All other  ―    (9)  
Total$ 12  $ 1  
Earnings recorded net of tax:      
Sempra South American Utilities$ ―  $ 24  
Sempra Mexico  11    7  
Total$ 11  $ 31  
EARNINGS (LOSSES)        
SDG&E(3)$ 105 45%$ 89 35%
SoCalGas(3)  66 28   68 27 
Sempra South American Utilities  40 17   22 9 
Sempra Mexico  37 16   39 15 
Sempra Renewables  10 4   4 1 
Sempra Natural Gas  1 ―   63 25 
All other  (23) (10)   (31) (12) 
Total$ 236 100%$ 254 100%
EXPENDITURES FOR PROPERTY PLANT & EQUIPMENT  
SDG&E$ 398 49%$ 348 57%
SoCalGas  165 20   168 28 
Sempra South American Utilities  19 2   ― ― 
Sempra Mexico  5 1   3 ― 
Sempra Renewables  201 25   46 8 
Sempra Natural Gas  22 3   42 7 
All other  1 ―   ― ― 
Total$ 811 100%$ 607 100%
 March 31, 2012December 31, 2011
ASSETS        
SDG&E$ 14,048 41%$ 13,555 41%
SoCalGas  8,492 25   8,475 25 
Sempra South American Utilities  3,161 9   2,981 9 
Sempra Mexico  2,931 9   2,914 9 
Sempra Renewables  1,581 5   1,210 4 
Sempra Natural Gas  5,852 17   5,738 17 
All other  497 1   538 2 
Intersegment receivables  (2,517) (7)   (2,162) (7) 
Total$ 34,045 100%$ 33,249 100%
INVESTMENTS IN EQUITY METHOD INVESTEES  
Sempra Mexico$ 313  $ 302  
Sempra Renewables  442    390  
Sempra Natural Gas  789    800  
All other  136    137  
Total$ 1,680  $ 1,629  
(1)Revenues for reportable segments include intersegment revenues of:
 $2 million, $15 million, $46 million and $37 million for the three months ended March 31, 2012, and $2 million, $13 million, $58 million and $49 million for the three months ended March 31, 2011 for SDG&E, SoCalGas, Sempra Mexico and Sempra Natural Gas, respectively.
(2)Prior year amounts have been revised to present amounts after eliminations between Parent and corporate entities.
(3)After preferred dividends.