v3.6.0.2

FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
Fair Value Disclosures [Abstract] |
Recurring Fair Value Measures Table |
RECURRING FAIR VALUE MEASURES – SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
| Fair value at December 31, 2016
| Level 1 |  | Level 2 |  | Level 3 |  | Netting(1) |  | Total
Assets: |  |  |  |  |  |  |  |  |
Nuclear decommissioning trusts: |  |  |  |  |  |  |  |  |
Equity securities | $ | 508 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 508 |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities issued by the U.S. Treasury and other |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government corporations and agencies | 36 |  |  | 16 |  |  | — |  |  | — |  |  | 52 |
Municipal bonds | — |  |  | 206 |  |  | — |  |  | — |  |  | 206 |
Other securities | — |  |  | 141 |  |  | — |  |  | — |  |  | 141 |
Total debt securities | 36 |  |  | 363 |  |  | — |  |  | — |  |  | 399 |
Total nuclear decommissioning trusts(2) | 544 |  |  | 363 |  |  | — |  |  | — |  |  | 907 |
Interest rate and foreign exchange instruments | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Commodity contracts not subject to rate recovery | — |  |  | 15 |  |  | — |  |  | 9 |  |  | 24 |
Commodity contracts subject to rate recovery | 1 |  |  | 3 |  |  | 96 |  |  | 32 |  |  | 132 |
Total | $ | 545 |  |  | $ | 390 |  |  | $ | 96 |  |  | $ | 41 |  |  | $ | 1,072 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate and foreign exchange instruments | $ | — |  |  | $ | 252 |  |  | $ | — |  |  | $ | — |  |  | $ | 252 |
Commodity contracts not subject to rate recovery | 16 |  |  | 11 |  |  | — |  |  | (17 | ) |  | 10 |
Commodity contracts subject to rate recovery | 19 |  |  | 8 |  |  | 170 |  |  | (18 | ) |  | 179 |
Total | $ | 35 |  |  | $ | 271 |  |  | $ | 170 |  |  | $ | (35 | ) |  | $ | 441 |
| Fair value at December 31, 2015
| Level 1 |  | Level 2 |  | Level 3 |  | Netting(1) |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nuclear decommissioning trusts: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities | $ | 619 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 619 |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities issued by the U.S. Treasury and other |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government corporations and agencies | 47 |  |  | 44 |  |  | — |  |  | — |  |  | 91 |
Municipal bonds | — |  |  | 156 |  |  | — |  |  | — |  |  | 156 |
Other securities | — |  |  | 182 |  |  | — |  |  | — |  |  | 182 |
Total debt securities | 47 |  |  | 382 |  |  | — |  |  | — |  |  | 429 |
Total nuclear decommissioning trusts(2) | 666 |  |  | 382 |  |  | — |  |  | — |  |  | 1,048 |
Interest rate and foreign exchange instruments | — |  |  | 5 |  |  | — |  |  | — |  |  | 5 |
Commodity contracts not subject to rate recovery | 22 |  |  | 16 |  |  | — |  |  | (4 | ) |  | 34 |
Commodity contracts subject to rate recovery | — |  |  | 1 |  |  | 72 |  |  | 28 |  |  | 101 |
Total | $ | 688 |  |  | $ | 404 |  |  | $ | 72 |  |  | $ | 24 |  |  | $ | 1,188 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate and foreign exchange instruments | $ | — |  |  | $ | 171 |  |  | $ | — |  |  | $ | — |  |  | $ | 171 |
Commodity contracts not subject to rate recovery | 5 |  |  | 3 |  |  | — |  |  | (4 | ) |  | 4 |
Commodity contracts subject to rate recovery | — |  |  | 68 |  |  | 53 |  |  | (54 | ) |  | 67 |
Total | $ | 5 |  |  | $ | 242 |  |  | $ | 53 |  |  | $ | (58 | ) |  | $ | 242 |
(1) | Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash
collateral not offset.
(2) | Excludes cash balances and cash equivalents.
RECURRING FAIR VALUE MEASURES – SDG&E
(Dollars in millions)
| Fair value at December 31, 2016
| Level 1 |  | Level 2 |  | Level 3 |  | Netting(1) |  | Total
Assets: |  |  |  |  |  |  |  |  |
Nuclear decommissioning trusts: |  |  |  |  |  |  |  |  |
Equity securities | $ | 508 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 508 |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities issued by the U.S. Treasury and other |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government corporations and agencies | 36 |  |  | 16 |  |  | — |  |  | — |  |  | 52 |
Municipal bonds | — |  |  | 206 |  |  | — |  |  | — |  |  | 206 |
Other securities | — |  |  | 141 |  |  | — |  |  | — |  |  | 141 |
Total debt securities | 36 |  |  | 363 |  |  | — |  |  | — |  |  | 399 |
Total nuclear decommissioning trusts(2) | 544 |  |  | 363 |  |  | — |  |  | — |  |  | 907 |
Commodity contracts not subject to rate recovery | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Commodity contracts subject to rate recovery | 1 |  |  | 2 |  |  | 96 |  |  | 30 |  |  | 129 |
Total | $ | 545 |  |  | $ | 365 |  |  | $ | 96 |  |  | $ | 31 |  |  | $ | 1,037 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate instruments | $ | — |  |  | $ | 25 |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |
Commodity contracts subject to rate recovery | 17 |  |  | 7 |  |  | 170 |  |  | (16 | ) |  | 178 |
Total | $ | 17 |  |  | $ | 32 |  |  | $ | 170 |  |  | $ | (16 | ) |  | $ | 203 |
| Fair value at December 31, 2015
| Level 1 |  | Level 2 |  | Level 3 |  | Netting(1) |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nuclear decommissioning trusts: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities | $ | 619 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 619 |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities issued by the U.S. Treasury and other |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government corporations and agencies | 47 |  |  | 44 |  |  | — |  |  | — |  |  | 91 |
Municipal bonds | — |  |  | 156 |  |  | — |  |  | — |  |  | 156 |
Other securities | — |  |  | 182 |  |  | — |  |  | — |  |  | 182 |
Total debt securities | 47 |  |  | 382 |  |  | — |  |  | — |  |  | 429 |
Total nuclear decommissioning trusts(2) | 666 |  |  | 382 |  |  | — |  |  | — |  |  | 1,048 |
Commodity contracts not subject to rate recovery | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Commodity contracts subject to rate recovery | — |  |  | — |  |  | 72 |  |  | 27 |  |  | 99 |
Total | $ | 666 |  |  | $ | 382 |  |  | $ | 72 |  |  | $ | 28 |  |  | $ | 1,148 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate instruments | $ | — |  |  | $ | 37 |  |  | $ | — |  |  | $ | — |  |  | $ | 37 |
Commodity contracts not subject to rate recovery | 1 |  |  | — |  |  | — |  |  | (1 | ) |  | — |
Commodity contracts subject to rate recovery | — |  |  | 67 |  |  | 53 |  |  | (54 | ) |  | 66 |
Total | $ | 1 |  |  | $ | 104 |  |  | $ | 53 |  |  | $ | (55 | ) |  | $ | 103 |
(1) | Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash
collateral not offset.
(2) | Excludes cash balances and cash equivalents.
RECURRING FAIR VALUE MEASURES – SOCALGAS
(Dollars in millions)
| Fair value at December 31, 2016
| Level 1 |  | Level 2 |  | Level 3 |  | Netting(1) |  | Total
Assets: |  |  |  |  |  |  |  |  |
Commodity contracts not subject to rate recovery | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Commodity contracts subject to rate recovery | — |  |  | 1 |  |  | — |  |  | 2 |  |  | 3 |
Total | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 4 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts subject to rate recovery | $ | 2 |  |  | $ | 1 |  |  | $ | — |  |  | $ | (2 | ) |  | $ | 1 |
Total | $ | 2 |  |  | $ | 1 |  |  | $ | — |  |  | $ | (2 | ) |  | $ | 1 |
| Fair value at December 31, 2015
| Level 1 |  | Level 2 |  | Level 3 |  | Netting(1) |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts subject to rate recovery | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 2 |
Total | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 2 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts not subject to rate recovery | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | (1 | ) |  | $ | — |
Commodity contracts subject to rate recovery | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | (1 | ) |  | $ | 1 |
(1) | Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash
collateral not offset.
Recurring Fair Value Measures Level 3 Rollforward Table | The following table sets forth reconciliations of changes in the fair value of CRRs and long-term, fixed-price electricity positions classified as Level 3 in the fair value hierarchy for Sempra Energy Consolidated and SDG&E:
LEVEL 3 RECONCILIATIONS
(Dollars in millions)
| Years ended December 31,
| 2016 |  | 2015 |  | 2014
Balance at January 1 | $ | 19 |  |  | $ | 107 |  |  | $ | 99 |
Realized and unrealized (losses) gains | (120 | ) |  | (134 | ) |  | 15 |
Allocated transmission instruments | 8 |  |  | 12 |  |  | 19 |
Settlements | 19 |  |  | 34 |  |  | (26 | )
Balance at December 31 | $ | (74 | ) |  | $ | 19 |  |  | $ | 107 |
Change in unrealized (losses) gains relating to |  |  |  |  |  |  |  |
instruments still held at December 31 | $ | (101 | ) |  | $ | (27 | ) |  | $ | 8 |
Fair Value of Financial Instruments Table | The following table provides the carrying amounts and fair values of certain other financial instruments that are not recorded at fair value on the Consolidated Balance Sheets at December 31, 2016 and 2015:
FAIR VALUE OF FINANCIAL INSTRUMENTS
(Dollars in millions)
| December 31, 2016
| Carrying |  | Fair Value
| amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Sempra Energy Consolidated: |  |  |  |  |  |  |  |  |
Long-term amounts due from unconsolidated affiliates(1) | $ | 184 |  |  | $ | — |  |  | $ | 91 |  |  | $ | 84 |  |  | $ | 175 |
Total long-term debt(2)(3) | 15,068 |  |  | — |  |  | 15,455 |  |  | 492 |  |  | 15,947 |
SDG&E: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt(3)(4) | $ | 4,654 |  |  | $ | — |  |  | $ | 4,727 |  |  | $ | 305 |  |  | $ | 5,032 |
SoCalGas: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt(5) | $ | 3,009 |  |  | $ | — |  |  | $ | 3,131 |  |  | $ | — |  |  | $ | 3,131 |
| December 31, 2015
| Carrying |  | Fair Value
| amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Sempra Energy Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term amounts due from unconsolidated affiliates(1) | $ | 175 |  |  | $ | — |  |  | $ | 97 |  |  | $ | 69 |  |  | $ | 166 |
Total long-term debt(2)(3) | 13,761 |  |  | — |  |  | 13,985 |  |  | 648 |  |  | 14,633 |
SDG&E: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt(3)(4) | $ | 4,304 |  |  | $ | — |  |  | $ | 4,355 |  |  | $ | 315 |  |  | $ | 4,670 |
SoCalGas: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt(5) | $ | 2,513 |  |  | $ | — |  |  | $ | 2,621 |  |  | $ | — |  |  | $ | 2,621 |
(1) | Excluding accumulated interest outstanding of $17 million and $11 million at December 31, 2016 and 2015, respectively.
(2) | Before reductions for unamortized discount (net of premium) and debt issuance costs of $109 million and $107 million at December 31, 2016
and 2015, respectively, and excluding build-to-suit and capital lease obligations of $383 million and $387 million at December 31, 2016 and 2015, respectively. We discuss our long-term debt in Note 5.
(3) | Level 3 instruments include $305 million and $315 million at December 31, 2016 and 2015, respectively, related to Otay Mesa VIE.
(4) | Before reductions for unamortized discount and debt issuance costs of $45 million and $43 million at December 31, 2016 and 2015,
respectively, and excluding capital lease obligations of $240 million and $244 million at December 31, 2016 and 2015, respectively.
(5) | Before reductions for unamortized discount and debt issuance costs of $27 million and $24 million at December 31, 2016 and 2015,
respectively, and excluding capital lease obligations of $1 million at December 31, 2015.
Fair Value Measurements, Nonrecurring Table | The following table summarizes significant inputs impacting our non-recurring fair value measures:
NON-RECURRING FAIR VALUE MEASURES – SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
| Estimated fair value |  | Valuation technique |  | Fair value hierarchy |  | % of fair value measurement |  | Inputs used to develop measurement |  | Range of inputs
Investment in GdC | $ | 1,144 |  | (1) |  | Market approach |  | Level 2 |  | 100% |  | Equity sale price |  | 100%
TdM | $ | 145 |  | (2) |  | Market approach |  | Level 2 |  | 100% |  | Purchase price offers |  | 100%
Investment in Energía Sierra Juárez | $ | 26 |  | (3) |  | Market approach |  | Level 2 |  | 100% |  | Equity sale price |  | 100%
Investment in Rockies Express | $ | 440 |  | (4) |  | Market approach |  | Level 2 |  | 100% |  | Equity sale price |  | 100%
(1) | At measurement date of September 26, 2016, immediately prior to acquiring a 100-percent ownership interest in GdC.
(2) | At measurement date of September 29, 2016. At December 31, 2016, TdM has a carrying value of $154 million, reflecting subsequent
operating activity, and is classified as held for sale.
(3) | At measurement date of July 16, 2014. At December 31, 2016, our investment in Energía Sierra Juárez had a carrying value of $38 million, reflecting subsequent equity method activity to record distributions and earnings.
(4) At measurement date of March 29, 2016. On May 9, 2016, Sempra LNG & Midstream sold its equity interest in Rockies Express.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 + Details
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