DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

PRIMARY U.S. COMMITTED LINES OF CREDIT
(Dollars in millions)
		At December 31, 2017
		Total facility			Commercial paper outstanding(1)			Available unused credit
Sempra Energy(2)		$	1,000		$	—		$	1,000
Sempra Global(3)		2,335			(931		)	1,404
California Utilities(4):
	SDG&E	750			(253		)	497
	SoCalGas	750			(116		)	634
	Less: subject to a combined limit of $1 billion for both utilities	(500		)	—			(500		)
		1,000			(369		)	631
Total		$	4,335		$	(1,300	)	$	3,035

⁽¹⁾  Because the commercial paper programs are supported by these lines, we reflect the amount of commercial paper outstanding as a reduction to the available unused credit.

⁽²⁾  The facility also provides for issuance of up to$400 millionof 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. No letters of credit were outstanding at December 31, 2017.

⁽³⁾  Sempra Energy guarantees Sempra Global’s obligations under the credit facility.

⁽⁴⁾  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 millionfor both utilities. The amount of borrowings otherwise available under the facility is reduced by the amount of outstanding letters of credit. No letters of credit were outstanding at December 31, 2017.

CREDIT FACILITIES IN SOUTH AMERICA AND MEXICO
(U.S. dollar equivalent in millions)
			At December 31, 2017
		Denominated in	Total facility		Amount outstanding				Available unused credit
Sempra South American Utilities(1):
	Peru(2)	Peruvian sol	$	465	$	(169	)	(3)	$	296
	Chile	Chilean peso	115		—				115
Sempra Mexico:
	IEnova(4)	U.S. dollar	1,170		(137		)		1,033
Total			$	1,750	$	(306	)		$	1,444

⁽¹⁾ The credit facilities were entered into to finance working capital and for general corporate purposes and expire between 2018 and 2021.

⁽²⁾ The Peruvian facilities require a debt to equity ratio of no more than 170 percent, with which we were in compliance at December 31, 2017.

⁽³⁾ Includes bank guarantees of $18 million.

⁽⁴⁾ Five-year revolver expiring in August 2020 with a syndicate of eight lenders.

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,
	2017			2016
SDG&E
First mortgage bonds (collateralized by plant assets):
Bonds at variable rates (1.151% at December 31, 2016) March 9, 2017	$	—		$	140
1.65% July 1, 2018(1)	161			161
3% August 15, 2021	350			350
1.914% payable 2015 through February 2022	161			197
3.6% September 1, 2023	450			450
2.5% May 15, 2026	500			500
6% June 1, 2026	250			250
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
3.75% June 1, 2047	400			—
	4,573			4,349
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)	295			305
Capital lease obligations:
Purchased-power contracts	731			239
Other	1			1
	1,027			545
	5,600			4,894
Current portion of long-term debt	(220		)	(191		)
Unamortized discount on long-term debt	(11		)	(11		)
Unamortized debt issuance costs	(34		)	(34		)
Total SDG&E	5,335			4,658
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			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			3,000
Other long-term debt (uncollateralized):
1.875% Notes payable 2016 through May 2026(1)	4			4
5.67% Notes January 18, 2028	5			5
Capital lease obligations	1			—
	10			9
	3,010			3,009
Current portion of long-term debt	(501		)	—
Unamortized discount on long-term debt	(7		)	(7		)
Unamortized debt issuance costs	(17		)	(20		)
Total SoCalGas	2,485			2,982

LONG-TERM DEBT (CONTINUED)
(Dollars in millions)
	December 31,
	2017			2016
Sempra Energy
Other long-term debt (uncollateralized):
2.3% Notes April 1, 2017	$	—		$	600
6.15% Notes June 15, 2018	500			500
9.8% Notes February 15, 2019	500			500
1.625% Notes October 7, 2019	500			500
2.4% Notes March 15, 2020	500			500
2.85% Notes November 15, 2020	400			400
Notes at variable rates (2.038% at December 31, 2017) March 15, 2021	850			—
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
3.25% Notes June 15, 2027	750			—
6% Notes October 15, 2039	750			750
Fair value adjustments for interest rate swaps, net	(1		)	(3		)
Build-to-suit lease(2)	138			137
Sempra South American Utilities
Other long-term debt (uncollateralized):
Chilquinta Energía – 4.25% Series B Bonds October 30, 2030	205			185
Luz del Sur
Bank loans 5.18% to 6.7% payable 2016 through December 2018	53			75
Corporate bonds at 4.75% to 8.75% payable 2014 through September 2029	415			346
Other bonds at 3.77% to 4.61% payable 2020 through May 2022	6			7
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)	66			63
6.3% Notes February 2, 2023 (4.12% after cross-currency swap)	198			189
Notes at variable rates (4.63% after floating-to-fixed rate swaps effective 2014),
payable 2016 through December 2026, collateralized by plant assets	314			352
3.75% Notes January 14, 2028	300			—
Bank loans including $251 at a weighted-average fixed rate of 6.67%, $178 at variable rates
(weighted-average rate of 6.29% after floating-to-fixed rate swaps effective 2014) and $39 at variable
rates (4.62% at December 31, 2017), payable 2016 through March 2032, collateralized by plant assets	468			481
4.875% Notes January 14, 2048	540			—
Sempra Renewables
Other long-term debt (collateralized by project assets):
Loan at variable rates (3.325% at December 31, 2017) payable 2012 through December 2028
except for $59 at 3.668% after floating-to-fixed rate swaps effective June 2012(1)	77			84
Sempra LNG & Midstream
Other long-term debt (uncollateralized unless otherwise noted):
Notes at 2.87% to 3.51% October 1, 2026(1)	20			20
8.45% Notes payable 2012 through December 2017, collateralized by parent guarantee	—			6
	9,405			7,548
Current portion of long-term debt	(706		)	(722		)
Unamortized discount on long-term debt	(13		)	(10		)
Unamortized premium on long-term debt	4			4
Unamortized debt issuance costs	(65		)	(31		)
Total other Sempra Energy	8,625			6,789
Total Sempra Energy Consolidated	$	16,445		$	14,429

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

⁽²⁾  We discuss this lease in Note 15.

On January 12, 2018, we issued the following debt securities and received net proceeds of $4.9 billion (after deducting the underwriting discount, but before deducting expenses):

NOTES ISSUED IN LONG-TERM DEBT OFFERING
(Dollars in millions)
Title of each class of securities	Aggregate principal amount		Maturity	Interest payments
Floating Rate(1) Notes due 2019	$	500	July 15, 2019	Quarterly
Floating Rate(2) Notes due 2021	700		January 15, 2021	Quarterly
2.400% Senior Notes due 2020	500		February 1, 2020	Semi-annually
2.900% Senior Notes due 2023	500		February 1, 2023	Semi-annually
3.400% Senior Notes due 2028	1,000		February 1, 2028	Semi-annually
3.800% Senior Notes due 2038	1,000		February 1, 2038	Semi-annually
4.000% Senior Notes due 2048	800		February 1, 2048	Semi-annually

⁽¹⁾  Bears interest at a rate per annum equal to the 3-month LIBOR rate, plus25 basis points.

⁽²⁾  Bears interest at a rate per annum equal to the 3-month LIBOR rate, plus50 basis points.

The following table shows the detail and maturities of long-term debt outstanding:

LONG-TERM DEBT
(Dollars in millions)
	December 31,
	2017			2016
2.3% Notes April 1, 2017	$	—		$	600
6.15% Notes June 15, 2018	500			500
9.8% Notes February 15, 2019	500			500
1.625% Notes October 7, 2019	500			500
2.4% Notes March 15, 2020	500			500
2.85% Notes November 15, 2020	400			400
Notes at variable rates (2.038% at December 31, 2017) March 15, 2021	850			—
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
3.25% Notes June 15, 2027	750			—
6% Notes October 15, 2039	750			750
Fair value adjustments for interest rate swaps, net	(1		)	(3		)
Build-to-suit lease	138			137
	6,737			5,734
Current portion of long-term debt	(500		)	(600		)
Unamortized discount on long-term debt	(13		)	(10		)

Unamortized debt issuance costs	(26		)	(24		)
Total long-term debt	$	6,198		$	5,100

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
2018	$	207	$	500	$	705	$	1,412
2019	321		—		1,098		1,419
2020	36		—		997		1,033
2021	385		—		961		1,346
2022	18		—		629		647
Thereafter	3,901		2,509		4,872		11,282
Total	$	4,868	$	3,009	$	9,262	$	17,139

⁽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, 2017 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	$	97	$	513
Subject to make-whole provisions	4,161		3,005		7,058		14,224