BALANCE SHEETS - SDG&E - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 29	$ 1,565
Accounts receivable – trade, net	1,767	1,983
Accounts receivable – other, net	157	397
Due from unconsolidated affiliates	0	13
Income taxes receivable, net	71	90
Inventories	561	559
Regulatory assets	761	60
Greenhouse gas allowances	203	217
Other current assets	262	380
Total current assets	34,837	5,285
Other assets:
Regulatory assets	3,868	3,937
Greenhouse gas allowances	1,221	845
Nuclear decommissioning trusts	899	875
Operating Lease, Right-of-Use Asset	1,262	1,177
Wildfire fund	246	262
Other long-term assets	1,300	1,749
Total other assets	27,030	29,433
Property, plant and equipment:
Property, plant and equipment	66,900	80,397
Less accumulated depreciation and amortization	(17,889)	(18,960)
Property, plant and equipment, net	49,011	61,437
Total assets	110,878	96,155
Current liabilities:
Short-term debt	4,166	2,016
Accounts payable – trade	1,461	2,238
Accounts payable – other	203	208
Accrued compensation and benefits	521	558
Regulatory liabilities	3	141
Current portion of long-term debt and finance leases	1,876	2,274
Greenhouse gas obligations	203	217
Total current liabilities	21,894	9,676
Long-term debt and finance leases	28,979	31,558
Deferred credits and other liabilities:
Regulatory liabilities	4,250	3,817
Greenhouse gas obligations	957	506
Pension obligation, net of plan assets	124	168
Deferred income taxes	6,127	5,845
Asset retirement obligations	3,743	3,737
Deferred credits and other	2,805	2,708
Total deferred credits and other liabilities	18,006	17,133
Commitments and contingencies
Equity:
Common stock	14,699	13,520
Retained earnings	17,092	16,979
Accumulated other comprehensive income (loss)	(197)	(166)
Total shareholders’ equity	31,594	31,222
Total liabilities, contingently redeemable noncontrolling interest, and equity	110,878	96,155
Related Party
Current assets:
Due from unconsolidated affiliates	0	13
Current liabilities:
Other current liabilities	8	0
Nonrelated Party
Current liabilities:
Other current liabilities	979	1,251
SDG&E
Current assets:
Cash and cash equivalents	7	0
Accounts receivable – trade, net	809	774
Accounts receivable – other, net	92	89
Due from unconsolidated affiliates	1	0
Income taxes receivable, net	30	27
Inventories	267	202
Prepaid expenses	121	139
Regulatory assets	433	16
Greenhouse gas allowances	28	27
Other current assets	18	27
Total current assets	1,806	1,301
Other assets:
Regulatory assets	1,953	2,024
Greenhouse gas allowances	286	272
Nuclear decommissioning trusts	899	875
Operating Lease, Right-of-Use Asset	1,047	795
Wildfire fund	246	262
Other long-term assets	141	133
Total other assets	4,572	4,361
Property, plant and equipment:
Property, plant and equipment	35,033	33,162
Less accumulated depreciation and amortization	(8,729)	(8,051)
Property, plant and equipment, net	26,304	25,111
Total assets	32,682	30,773
Current liabilities:
Short-term debt	531	417
Accounts payable – trade	712	704
Accounts payable – other	42	38
Interest payable	94	84
Accrued compensation and benefits	174	175
Regulatory liabilities	3	75
Current portion of long-term debt and finance leases	798	42
Greenhouse gas obligations	28	27
Asset retirement obligations	107	97
Total current liabilities	2,821	1,987
Long-term debt and finance leases	10,081	10,018
Deferred credits and other liabilities:
Regulatory liabilities	2,960	2,701
Greenhouse gas obligations	137	62
Pension obligation, net of plan assets	19	28
Deferred income taxes	3,286	3,211
Asset retirement obligations	746	803
Deferred credits and other	1,699	1,399
Total deferred credits and other liabilities	8,847	8,204
Commitments and contingencies
Equity:
Preferred stock	0	0
Common stock	1,660	1,660
Retained earnings	9,279	8,916
Accumulated other comprehensive income (loss)	(6)	(12)
Total shareholders’ equity	10,933	10,564
Total liabilities, contingently redeemable noncontrolling interest, and equity	32,682	30,773
SDG&E | Related Party
Current assets:
Due from unconsolidated affiliates	1	0
Current liabilities:
Other current liabilities	59	59
SDG&E | Nonrelated Party
Current liabilities:
Other current liabilities	$ 273	$ 269