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STATEMENTS OF OPERATIONS - SDG&E - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES      
Electric $ 4,552 $ 4,296 $ 4,334
Natural gas 7,319 7,141 9,495
Operating expenses:      
Regulatory disallowances 651 0 0
Other income, net 169 136 131
Interest income 103 61 89
Interest expense (1,532) (1,049) (1,309)
Income before income taxes and equity earnings 1,169 2,110 2,627
Income tax benefit (expense) (701) (219) (490)
Earnings attributable to common shares 1,796 2,817 3,030
SDG&E      
REVENUES      
Electric 4,568 4,313 4,349
Natural gas 1,129 1,028 1,248
Operating revenues 5,697 5,341 5,597
Operating expenses:      
Cost of electric fuel and purchased power 448 308 445
Cost of natural gas 237 242 532
Operation and maintenance 1,725 1,692 1,846
Regulatory disallowances 651 0 0
Depreciation and amortization 1,316 1,223 1,098
Franchise fees and other taxes 434 402 381
Total operating expenses 4,811 3,867 4,302
Operating Income 886 1,474 1,295
Other income, net 106 90 97
Interest income 2 5 15
Interest expense (559) (525) (497)
Income before income taxes and equity earnings 435 1,044 910
Income tax benefit (expense) 128 (153) 26
Earnings attributable to common shares $ 563 $ 891 $ 936