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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2016
Share-based Compensation [Abstract]  
Schedule Of Share-based Compensation Expense
Expenses and capitalized compensation costs recorded by SDG&E and SoCalGas were as follows:
SHARE-BASED COMPENSATION EXPENSE – SDG&E AND SOCALGAS
(Dollars in millions)
 
Years ended December 31,
 
2016
 
2015
 
2014
SDG&E:
 
 
 
 
 
Share-based compensation expense, before income taxes
$
7

 
$
8

 
$
8

Income tax benefit
(3
)
 
(3
)
 
(3
)
 
$
4

 
$
5

 
$
5

 
 
 
 
 
 
Capitalized share-based compensation cost
$
4

 
$
4

 
$
3

 
 
 
 
 
 
SoCalGas:
 

 
 

 
 

Share-based compensation expense, before income taxes
$
8

 
$
10

 
$
8

Income tax benefit
(3
)
 
(4
)
 
(3
)
 
$
5

 
$
6

 
$
5

 
 
 
 
 
 
Capitalized share-based compensation cost
$
3

 
$
2

 
$
2

Total share-based compensation expense for all of Sempra Energy’s share-based awards was comprised as follows:
SHARE-BASED COMPENSATION EXPENSE – SEMPRA ENERGY CONSOLIDATED
(Dollars in millions, except per share amounts)
 
Years ended December 31,
 
2016
 
2015
 
2014
Share-based compensation expense, before income taxes
$
46

 
$
48

 
$
46

Income tax benefit
(18
)
 
(19
)
 
(18
)
 
$
28

 
$
29

 
$
28

 
 
 
 
 
 
Excess income tax benefit
$
(34
)
 
$
—

 
$
—
Schedule Of Non-qualified Stock Options
The following table shows a summary of non-qualified stock options at December 31, 2016 and activity for the year then ended:
NON-QUALIFIED STOCK OPTIONS
 
 
 
 
 
 
 
 
 
Shares under option
 
Weighted- average exercise price
 
Weighted- average remaining contractual term (in years)
 
Aggregate intrinsic value (in millions)
Outstanding at January 1, 2016
527,997

 
$
53.62

 
 
 
 
Exercised
(167,742
)
 
$
56.11

 
 
 
 
Outstanding at December 31, 2016
360,255

 
$
52.46

 
2.0
 
$
17

 
 
 
 
 
 
 
 
Vested at December 31, 2016
360,255

 
$
52.46

 
2.0
 
$
17

Exercisable at December 31, 2016
360,255

 
$
52.46

 
2.0
 
$
17
Schedule Of Restricted Stock Awards And Units Valuation Assumptions
Below are key assumptions for awards granted in 2016, 2015 and 2014 for Sempra Energy:
KEY ASSUMPTIONS FOR AWARDS GRANTED
 
 
Years ended December 31,
 
2016
 
2015
 
2014
Risk-free rate of return
1.3
%
 
1.1
%
 
1.2
%
Stock price volatility
16

 
14

 
16
Schedule Of Restricted Stock Awards
We provide below a summary of Sempra Energy’s RSAs at December 31, 2016 and the activity during the year.
RESTRICTED STOCK AWARDS
 
 
 
 
 
Shares
 
Weighted-average grant-date
fair value
Nonvested at January 1, 2016
1,537

 
$
75.87

Vested
(1,537
)
 
$
75.87

Nonvested at December 31, 2016
—

 
$
—
Schedule Of Restricted Stock Units
We provide below a summary of Sempra Energy’s RSUs as of December 31, 2016 and the activity during the year.
RESTRICTED STOCK UNITS
 
 
 
 
 
 
 
 
 
 
 
Performance-based
restricted stock units
 
Service-based
restricted stock units
 
Units
 
Weighted- average
grant-date
fair value
 
Units
 
Weighted- average
grant-date
fair value
Nonvested at January 1, 2016
2,271,675

 
$
73.28

 
348,806

 
$
80.14

Granted
467,830

 
$
100.37

 
95,876

 
$
93.59

Vested
(761,042
)
 
$
49.28

 
(135,456
)
 
$
65.20

Forfeited
(24,141
)
 
$
115.73

 
(3,490
)
 
$
90.58

Nonvested at December 31, 2016(1)
1,954,322

 
$
88.58

 
305,736

 
$
94.68

Expected to vest at December 31, 2016
1,883,636

 
$
88.07

 
293,822

 
$
90.58

(1)
Each RSU represents the right to receive one share of our common stock if applicable performance conditions are satisfied. For all performance-based RSUs, except for those issued in connection with the creation of Cameron LNG JV, up to an additional 50 percent (100 percent for awards granted during or after 2014) of the shares represented by the RSUs may be issued if Sempra Energy exceeds target performance conditions.