DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

CREDIT FACILITIES IN SOUTH AMERICA AND MEXICO
(U.S. dollar equivalent in millions)
			At December 31, 2016
		Denominated in	Total facility		Amount outstanding			Available unused credit
Sempra South American Utilities(1):
	Peru(2)	Peruvian sol	$	392	$	179	(3)	$	213
	Chile	Chilean peso	113		—			113
Sempra Mexico:
	5-year revolver expiring in August 2020 with a     syndicate of eight lenders	U.S. dollar	1,170		446			724
Total			$	1,675	$	625		$	1,050

(1) The credit facilities were entered into to finance working capital and for general corporate purposes and expire between 2017 and 2019.

(2) The Peruvian facilities require a debt to equity ratio of no more than 170 percent, with which Peru is in compliance at December 31, 2016.

(3) Includes bank guarantees of $18 million.

PRIMARY U.S. COMMITTED LINES OF CREDIT
(Dollars in millions)
		At December 31, 2016
		Total facility			Commercial paper outstanding		Letters of credit outstanding		Available unused credit
Sempra Energy(1)		$	1,000		$	—	$	65	$	935
Sempra Global(2)		2,335			1,181		—		1,154
California Utilities(3):
	SDG&E	750			—		—		750
	SoCalGas	750			62		—		688
	Less: subject to a combined limit of $1 billion for both utilities	(500		)	—		—		(500		)
		1,000			62		—		938
Total		$	4,335		$	1,243	$	65	$	3,027

(1) The facility also provides for issuance of up to $400 million of letters of credit on behalf of Sempra Energy with the amount of borrowings otherwise available under the facility reduced by the amount of outstanding letters of credit.

(2) Sempra Energy guarantees Sempra Global’s obligations under the credit facility.

(3) The facility also provides for the issuance of letters of credit on behalf of each utility subject to a combined letter of credit commitment of $250 million for both utilities. The amount of borrowings otherwise available under the facility is reduced by the amount of outstanding letters of credit.

Schedule Of Long-term Debt

The following tables show the detail and maturities of long-term debt outstanding:

LONG-TERM DEBT
(Dollars in millions)
	December 31,
	2016		2015
SDG&E
First mortgage bonds (collateralized by plant assets):
Bonds at variable rates (1.151% at December 31, 2016) March 9, 2017	$	140	$	140
1.65% July 1, 2018(1)	161		161
3% August 15, 2021	350		350
1.914% payable 2015 through February 2022	197		232
3.6% September 1, 2023	450		450
2.5% May 15, 2026	500		—
6% June 1, 2026	250		250
5% payable 2015 through December 2027(2)	—		105
5.875% January and February 2034(1)	176		176
5.35% May 15, 2035	250		250
6.125% September 15, 2037	250		250
4% May 1, 2039(1)	75		75
6% June 1, 2039	300		300
5.35% May 15, 2040	250		250
4.5% August 15, 2040	500		500
3.95% November 15, 2041	250		250
4.3% April 1, 2042	250		250
	4,349		3,989
Other long-term debt:
OMEC LLC variable-rate loan (5.2925% after floating-to-fixed rate swaps effective 2007),
payable 2013 through April 2019 (collateralized by OMEC plant assets)	305		315
Capital lease obligations:
Purchased-power agreements	239		243
Other	1		1
	545		559

	4,894		4,548
Current portion of long-term debt	(191	)	(50	)
Unamortized discount on long-term debt	(11	)	(10	)
Unamortized debt issuance costs	(34	)	(33	)
Total SDG&E	4,658		4,455
SoCalGas
First mortgage bonds (collateralized by plant assets):
5.45% April 15, 2018	250		250
1.55% June 15, 2018	250		250
3.15% September 15, 2024	500		500
3.2% June 15, 2025	350		350
2.6% June 15, 2026	500		—
5.75% November 15, 2035	250		250
5.125% November 15, 2040	300		300
3.75% September 15, 2042	350		350
4.45% March 15, 2044	250		250
	3,000		2,500
Other long-term debt (uncollateralized):
1.875% Notes payable 2016 through May 2026(1)	4		8
5.67% Notes January 18, 2028	5		5
Capital lease obligations	—		1
	9		14
	3,009		2,514
Current portion of long-term debt	—		(9	)
Unamortized discount on long-term debt	(7	)	(7	)
Unamortized debt issuance costs	(20	)	(17	)
Total SoCalGas	2,982		2,481

LONG-TERM DEBT (CONTINUED)
(Dollars in millions)
	December 31,
	2016			2015
Sempra Energy
Other long-term debt (uncollateralized):
6.5% Notes June 1, 2016, including $300 at variable rates after fixed-to-floating
rate swaps effective 2011 (4.77% at December 31, 2015)	$	—		$	750
2.3% Notes April 1, 2017	600			600
6.15% Notes June 15, 2018	500			500
9.8% Notes February 15, 2019	500			500
1.625% Notes October 7, 2019	500			—
2.4% Notes March 15, 2020	500			500
2.85% Notes November 15, 2020	400			400
2.875% Notes October 1, 2022	500			500
4.05% Notes December 1, 2023	500			500
3.55% Notes June 15, 2024	500			500
3.75% Notes November 15, 2025	350			350
6% Notes October 15, 2039	750			750
Market value adjustments for interest rate swaps, net	(3		)	(2		)
Build-to-suit lease(3)	137			136
Sempra South American Utilities
Other long-term debt (uncollateralized):
Chilquinta Energía – 4.25% Series B Bonds October 30, 2030	185			170
Luz del Sur
Bank loans 5.05% to 6.7% payable 2016 through December 2018	75			136
Corporate bonds at 4.75% to 8.75% payable 2014 through September 2029	346			292
Other bonds at 3.77% to 4.61% payable 2020 through May 2022	7			8
Capital lease obligations	6			6
Sempra Mexico
Other long-term debt (uncollateralized unless otherwise noted):
Notes February 8, 2018 at variable rates (2.66% after floating-to-fixed rate cross-currency
swaps effective 2013)	63			75
6.3% Notes February 2, 2023 (4.12% after cross-currency swap)	189			227
Notes at variable rates (4.63% after floating-to-fixed rate swaps effective 2014),
payable 2016 through December 2026, collateralized by plant assets	352			—
Bank loans including $254 at a weighted-average fixed rate of 6.67%, $187 at variable rates
(weighted-average rate of 6.29% after floating-to-fixed rate swaps effective 2014) and $40 at variable
rates (3.99% at December 31, 2016), payable 2016 through March 2032, collateralized by plant assets	481			—
Sempra Renewables
Other long-term debt (collateralized by project assets):
Loan at variable rates (2.625% at December 31, 2016) payable 2012 through December 2028
except for $64 at 3.668% after floating-to-fixed rate swaps effective June 2012(1)	84			91
Sempra LNG & Midstream
First mortgage bonds (Mobile Gas, collateralized by plant assets):
4.14% September 30, 2021(2)	—			20
5% September 30, 2031(2)	—			42
Other long-term debt (uncollateralized unless otherwise noted):
Notes at 2.87% to 3.51% October 1, 2026(1)	20			19
8.45% Notes payable 2012 through December 2017, collateralized by parent guarantee	6			11
3.1% Notes December 30, 2018, collateralized by plant assets(1)(2)	—			5
	7,548			7,086
Current portion of long-term debt	(722		)	(848		)
Unamortized discount on long-term debt	(10		)	(10		)
Unamortized premium on long-term debt	4			5
Unamortized debt issuance costs	(31		)	(35		)
Total other Sempra Energy	6,789			6,198
Total Sempra Energy Consolidated	$	14,429		$	13,134

(1) Callable long-term debt not subject to make-whole provisions.

(2) Early redemption or deconsolidated in 2016.

(3) We discuss this lease in Note 15.

LONG-TERM DEBT
(Dollars in millions)
	December 31, 2016			December 31, 2015
6.5% Notes June 1, 2016, including $300 at variable rates after fixed-to-floating rate swaps effective January 2011 (4.77% at December 31, 2015)	$	—		$	750
2.3% Notes April 1, 2017	600			600
6.15% Notes June 15, 2018	500			500
9.8% Notes February 15, 2019	500			500
1.625% Notes October 7, 2019	500			—
2.4% Notes March 15, 2020	500			500
2.85% Notes November 15, 2020	400			400
2.875% Notes October 1, 2022	500			500
4.05% Notes December 1, 2023	500			500
3.55% Notes June 15, 2024	500			500
3.75% Notes November 15, 2025	350			350
6% Notes October 15, 2039	750			750
Market value adjustments for interest rate swaps, net	(3		)	(2		)
Build-to-suit lease	137			136
	5,734			5,984
Current portion of long-term debt	(600		)	(752		)
Unamortized discount on long-term debt	(10		)	(10		)
Unamortized debt issuance costs	(24		)	(27		)
Total long-term debt	$	5,100		$	5,195

Schedule of Maturities of Long-term Debt

MATURITIES OF LONG-TERM DEBT(1)
(Dollars in millions)
	SDG&E		SoCalGas		Other Sempra Energy		Total Sempra Energy Consolidated
2017	$	186	$	—	$	719	$	905
2018	207		500		707		1,414
2019	321		—		1,096		1,417
2020	36		—		996		1,032
2021	385		—		113		498
Thereafter	3,519		2,509		3,777		9,805
Total	$	4,654	$	3,009	$	7,408	$	15,071

(1) Excludes capital lease obligations, build-to-suit lease, market value adjustments for interest rate swaps, discounts, premiums and debt issuance costs.

Schedule Of Callable Long Term Debt

At the option of Sempra Energy, SDG&E and SoCalGas, certain debt at December 31, 2016 is callable subject to premiums:

CALLABLE LONG-TERM DEBT
(Dollars in millions)
	SDG&E		SoCalGas		Other Sempra Energy		Total Sempra Energy Consolidated
Not subject to make-whole provisions	$	412	$	4	$	104	$	520
Subject to make-whole provisions	3,797		3,005		6,042		12,844

Schedule of Long-term Debt Acquired

The long-term debt bears interest as follows:

INTEREST RATES ON VENTIKA LOANS AT DECEMBER 31, 2016
(Dollars in millions)
			Weighted-average
	Amount outstanding		Stated rate		Margin(1)	Total rate
Fixed rate loans	$	254	3.64%		3.03%	6.67%
Variable rate loans, hedged	187		3.26%	(2)	3.03%	6.29%
Variable rate loans, unhedged	40		LIBOR		3.03%	3.99%
Total variable rate loans	227
Total long-term debt	$	481				6.30%

(1) Margin varies between 3.03 percent to 3.93 percent over the term of the loan.

(2) Fixed LIBOR component after floating-to-fixed interest rate swap.