CONDENSED BALANCE SHEETS - SDG&E - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Accounts receivable – trade, net	$ 1,409	$ 1,983	[1]
Accounts receivable – other, net	200	397	[1]
Due from unconsolidated affiliates	0	13	[1]
Income taxes receivable, net	79	90	[1]
Inventories	565	559	[1]
Prepaid expenses	247	255	[1]
Regulatory assets	500	60	[1]
Greenhouse gas allowances	200	217	[1]
Other current assets	19	34	[1]
Total current assets	31,726	5,285	[1]
Other assets:
Regulatory assets	4,298	3,937	[1]
Greenhouse gas allowances	1,237	845	[1]
Nuclear decommissioning trusts	897	875	[1]
Right-of-use assets – operating leases	1,219	1,177	[1]
Wildfire fund	250	262	[1]
Other long-term assets	1,155	1,749	[1]
Total other assets	26,842	29,433	[1]
Property, plant and equipment:
Property, plant and equipment	65,951	80,397	[1]
Less accumulated depreciation and amortization	(17,600)	(18,960)	[1]
Property, plant and equipment, net	48,351	61,437	[1]
Total assets	106,919	96,155	[1]
Current liabilities:
Short-term debt	1,833	2,016	[1]
Accrued compensation and benefits	486	558	[1]
Regulatory liabilities	4	141	[1]
Current portion of long-term debt and finance leases	1,875	2,274	[1]
Greenhouse gas obligations	200	217	[1]
Total current liabilities	19,988	9,676	[1]
Long-term debt and finance leases	28,985	31,558	[1]
Deferred credits and other liabilities:
Regulatory liabilities	4,027	3,817	[1]
Greenhouse gas obligations	947	506	[1]
Pension and other postretirement benefit plan obligations, net of plan assets	127	168	[1]
Deferred income taxes	6,105	5,845	[1]
Asset retirement obligations	3,781	3,737	[1]
Deferred credits and other	2,740	2,708	[1]
Total deferred credits and other liabilities	17,727	17,133	[1]
Commitments and contingencies			[1]
Equity:
Common stock	14,203	13,520	[1]
Retained earnings	17,161	16,979	[1]
Accumulated other comprehensive income (loss)	(212)	(166)	[1]
Total shareholders’ equity	31,152	31,222	[1]
Total liabilities, contingently redeemable noncontrolling interest, and equity	106,919	96,155	[1]
Related Party
Current assets:
Due from unconsolidated affiliates	0	13
Current liabilities:
Other current liabilities	17	0	[1]
Nonrelated Party
Current liabilities:
Other current liabilities	1,068	1,251	[1]
SDG&E
Current assets:
Accounts receivable – trade, net	849	774	[2]
Accounts receivable – other, net	120	89	[2]
Due from unconsolidated affiliates	13	0	[2]
Income taxes receivable, net	33	27	[2]
Inventories	263	202	[2]
Prepaid expenses	156	139	[2]
Regulatory assets	213	16	[2]
Greenhouse gas allowances	26	27	[2]
Other current assets	28	27	[2]
Total current assets	1,701	1,301	[2]
Other assets:
Regulatory assets	2,419	2,024	[2]
Greenhouse gas allowances	283	272	[2]
Nuclear decommissioning trusts	897	875	[2]
Right-of-use assets – operating leases	1,061	795	[2]
Wildfire fund	250	262	[2]
Other long-term assets	135	133	[2]
Total other assets	5,045	4,361	[2]
Property, plant and equipment:
Property, plant and equipment	34,674	33,162	[2]
Less accumulated depreciation and amortization	(8,581)	(8,051)	[2]
Property, plant and equipment, net	26,093	25,111	[2]
Total assets	32,839	30,773	[2]
Current liabilities:
Short-term debt	27	417	[2]
Accounts payable	811	742	[2]
Interest payable	138	84	[2]
Accrued compensation and benefits	165	175	[2]
Accrued franchise fees	71	54	[2]
Regulatory liabilities	3	75	[2]
Current portion of long-term debt and finance leases	796	42	[2]
Greenhouse gas obligations	26	27	[2]
Asset retirement obligations	101	97	[2]
Total current liabilities	2,476	1,987	[2]
Long-term debt and finance leases	10,086	10,018	[2]
Deferred credits and other liabilities:
Regulatory liabilities	2,891	2,701	[2]
Greenhouse gas obligations	119	62	[2]
Pension and other postretirement benefit plan obligations, net of plan assets	38	28	[2]
Deferred income taxes	3,376	3,211	[2]
Asset retirement obligations	793	803	[2]
Deferred credits and other	1,716	1,399	[2]
Total deferred credits and other liabilities	8,933	8,204	[2]
Commitments and contingencies			[2]
Equity:
Preferred stock	0	0	[2]
Common stock	1,660	1,660	[2]
Retained earnings	9,696	8,916	[2]
Accumulated other comprehensive income (loss)	(12)	(12)	[2]
Total shareholders’ equity	11,344	10,564	[2]
Total liabilities, contingently redeemable noncontrolling interest, and equity	32,839	30,773	[2]
SDG&E | Related Party
Current assets:
Due from unconsolidated affiliates	13	0
Current liabilities:
Other current liabilities	65	59	[2]
SDG&E | Nonrelated Party
Current liabilities:
Other current liabilities	$ 273	$ 215	[2]

[1] Derived from audited financial statements.

[2] Derived from audited financial statements.