| 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. |
|