REGULATORY MATTERS (Tables)
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12 Months Ended |
Dec. 31, 2016 |
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| Regulated Operations [Abstract] |
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| Schedule Of Regulatory Balancing Accounts |
The following table summarizes our regulatory balancing accounts at December 31. | | | | | | | | | | | | | | | | | | | | | | | | | SUMMARY OF REGULATORY BALANCING ACCOUNTS AT DECEMBER 31 | (Dollars in millions) | | Sempra Energy Consolidated | | SDG&E | | SoCalGas | | 2016 | | 2015 | | 2016 | | 2015 | | 2016 | | 2015 | Current: | | | | | | | | | | | | Overcollected | $ | (804 | ) | | $ | (789 | ) | | $ | (301 | ) | | $ | (345 | ) | | $ | (503 | ) | | $ | (444 | ) | Undercollected | 941 |
| | 1,062 |
| | 560 |
| | 652 |
| | 381 |
| | 410 |
| Net current receivable (payable)(1) | 137 |
| | 273 |
| | 259 |
| | 307 |
| | (122 | ) | | (34 | ) | Noncurrent: | |
| | |
| | |
| | |
| | |
| | |
| Undercollected(2) | 85 |
| | 215 |
| | — |
| | — |
| | 85 |
| | 215 |
| Net noncurrent receivable (payable)(1) | 85 |
| | 215 |
| | — |
| | — |
| | 85 |
| | 215 |
| Total net receivable (payable) | $ | 222 |
| | $ | 488 |
| | $ | 259 |
| | $ | 307 |
| | $ | (37 | ) | | $ | 181 |
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| | (1) | At both December 31, 2016 and 2015, the net receivable at SDG&E and the net payable at SoCalGas are shown separately on Sempra Energy’s Consolidated Balance Sheets. |
| | (2) | Long-term undercollected balance is included in Regulatory Assets (long-term) on Sempra Energy’s Consolidated Balance Sheets and in Other Regulatory Assets (long-term) on SoCalGas’ Consolidated Balance Sheets. |
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| Schedule of Regulatory Assets [Table Text Block] |
We show the details of regulatory assets and liabilities in the following table, and discuss each of them separately below. | | | | | | | | | REGULATORY ASSETS (LIABILITIES) | (Dollars in millions) | | December 31, | | 2016 | | 2015 | SDG&E: | | | | Fixed-price contracts and other derivatives | $ | 141 |
| | $ | 99 |
| Costs related to SONGS plant closure(1) | 183 |
| | 257 |
| Costs related to wildfire litigation | 353 |
| | 362 |
| Deferred taxes recoverable in rates | 1,014 |
| | 914 |
| Pension and other postretirement benefit plan obligations | 210 |
| | 180 |
| Removal obligations(2) | (1,725 | ) | | (1,629 | ) | Unamortized loss on reacquired debt | 12 |
| | 12 |
| Environmental costs | 48 |
| | 16 |
| Legacy meters(1) | 16 |
| | 32 |
| Sunrise Powerlink fire mitigation | 118 |
| | 117 |
| Other | (2 | ) | | 9 |
| Total SDG&E | 368 |
| | 369 |
| SoCalGas: | |
| | |
| Pension and other postretirement benefit plan obligations | 563 |
| | 629 |
| Employee benefit costs | 45 |
| | 51 |
| Removal obligations(2) | (972 | ) | | (1,145 | ) | Deferred taxes recoverable in rates | 417 |
| | 330 |
| Unamortized loss on reacquired debt | 10 |
| | 11 |
| Environmental costs | 22 |
| | 22 |
| Workers’ compensation | 10 |
| | 13 |
| Other | 8 |
| | — |
| Total SoCalGas | 103 |
| | (89 | ) | Other Sempra Energy: | |
| | |
| Sempra LNG & Midstream | — |
| | (7 | ) | Sempra Mexico | 71 |
| | 33 |
| Total Other Sempra Energy | 71 |
| | 26 |
| Total Sempra Energy Consolidated | $ | 542 |
| | $ | 306 |
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| | (1) | Regulatory assets earning a rate of return. |
| | (2) | Represents cumulative amounts collected in rates for future nonlegal asset removal costs. |
| | | | | | | | | | | | | | | | | | | | | | | | | NET REGULATORY ASSETS (LIABILITIES) AS PRESENTED ON THE CONSOLIDATED BALANCE SHEETS | (Dollars in millions) | | December 31, | | 2016 | | 2015 | | Sempra Energy Consolidated | | SDG&E | | SoCalGas | | Sempra
Energy
Consolidated | | SDG&E | | SoCalGas | Current regulatory assets(1) | $ | 89 |
| | $ | 81 |
| | $ | 8 |
| | $ | 115 |
| | $ | 107 |
| | $ | 7 |
| Noncurrent regulatory assets(2) | 3,329 |
| | 2,012 |
| | 1,246 |
| | 3,058 |
| | 1,891 |
| | 1,120 |
| Current regulatory liabilities(3) | — |
| | — |
| | — |
| | (2 | ) | | — |
| | — |
| Noncurrent regulatory liabilities(4) | (2,876 | ) | | (1,725 | ) | | (1,151 | ) | | (2,865 | ) | | (1,629 | ) | | (1,216 | ) | Total | $ | 542 |
| | $ | 368 |
| | $ | 103 |
| | $ | 306 |
| | $ | 369 |
| | $ | (89 | ) |
| | (1) | At Sempra Energy Consolidated, included in Other Current Assets. |
| | (2) | Excludes long-term undercollected balancing accounts at December 31, 2016 and 2015 of $85 million and $215 million, respectively, recorded at Sempra Energy Consolidated as Regulatory Assets (long-term) and at SoCalGas as Other Regulatory Assets (long-term). |
| | (3) | Included in Other Current Liabilities. |
| | (4) | At December 31, 2016 and 2015, $179 million and $72 million, respectively, at Sempra Energy Consolidated and $179 million and $71 million, respectively, at SoCalGas are included in Deferred Credits and Other. |
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| Schedule of Regulatory Liabilities [Table Text Block] |
We show the details of regulatory assets and liabilities in the following table, and discuss each of them separately below. | | | | | | | | | REGULATORY ASSETS (LIABILITIES) | (Dollars in millions) | | December 31, | | 2016 | | 2015 | SDG&E: | | | | Fixed-price contracts and other derivatives | $ | 141 |
| | $ | 99 |
| Costs related to SONGS plant closure(1) | 183 |
| | 257 |
| Costs related to wildfire litigation | 353 |
| | 362 |
| Deferred taxes recoverable in rates | 1,014 |
| | 914 |
| Pension and other postretirement benefit plan obligations | 210 |
| | 180 |
| Removal obligations(2) | (1,725 | ) | | (1,629 | ) | Unamortized loss on reacquired debt | 12 |
| | 12 |
| Environmental costs | 48 |
| | 16 |
| Legacy meters(1) | 16 |
| | 32 |
| Sunrise Powerlink fire mitigation | 118 |
| | 117 |
| Other | (2 | ) | | 9 |
| Total SDG&E | 368 |
| | 369 |
| SoCalGas: | |
| | |
| Pension and other postretirement benefit plan obligations | 563 |
| | 629 |
| Employee benefit costs | 45 |
| | 51 |
| Removal obligations(2) | (972 | ) | | (1,145 | ) | Deferred taxes recoverable in rates | 417 |
| | 330 |
| Unamortized loss on reacquired debt | 10 |
| | 11 |
| Environmental costs | 22 |
| | 22 |
| Workers’ compensation | 10 |
| | 13 |
| Other | 8 |
| | — |
| Total SoCalGas | 103 |
| | (89 | ) | Other Sempra Energy: | |
| | |
| Sempra LNG & Midstream | — |
| | (7 | ) | Sempra Mexico | 71 |
| | 33 |
| Total Other Sempra Energy | 71 |
| | 26 |
| Total Sempra Energy Consolidated | $ | 542 |
| | $ | 306 |
|
| | (1) | Regulatory assets earning a rate of return. |
| | (2) | Represents cumulative amounts collected in rates for future nonlegal asset removal costs. |
| | | | | | | | | | | | | | | | | | | | | | | | | NET REGULATORY ASSETS (LIABILITIES) AS PRESENTED ON THE CONSOLIDATED BALANCE SHEETS | (Dollars in millions) | | December 31, | | 2016 | | 2015 | | Sempra Energy Consolidated | | SDG&E | | SoCalGas | | Sempra
Energy
Consolidated | | SDG&E | | SoCalGas | Current regulatory assets(1) | $ | 89 |
| | $ | 81 |
| | $ | 8 |
| | $ | 115 |
| | $ | 107 |
| | $ | 7 |
| Noncurrent regulatory assets(2) | 3,329 |
| | 2,012 |
| | 1,246 |
| | 3,058 |
| | 1,891 |
| | 1,120 |
| Current regulatory liabilities(3) | — |
| | — |
| | — |
| | (2 | ) | | — |
| | — |
| Noncurrent regulatory liabilities(4) | (2,876 | ) | | (1,725 | ) | | (1,151 | ) | | (2,865 | ) | | (1,629 | ) | | (1,216 | ) | Total | $ | 542 |
| | $ | 368 |
| | $ | 103 |
| | $ | 306 |
| | $ | 369 |
| | $ | (89 | ) |
| | (1) | At Sempra Energy Consolidated, included in Other Current Assets. |
| | (2) | Excludes long-term undercollected balancing accounts at December 31, 2016 and 2015 of $85 million and $215 million, respectively, recorded at Sempra Energy Consolidated as Regulatory Assets (long-term) and at SoCalGas as Other Regulatory Assets (long-term). |
| | (3) | Included in Other Current Liabilities. |
| | (4) | At December 31, 2016 and 2015, $179 million and $72 million, respectively, at Sempra Energy Consolidated and $179 million and $71 million, respectively, at SoCalGas are included in Deferred Credits and Other. |
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| Schedule Of Approved Increase Decrease To Annual Revenue Requirement |
Following is a summary of immediate earnings impacts from the 2016 GRC FD: | | | | | | | | | | | | | | | | | EARNINGS IMPACTS FROM THE 2016 GRC FD | (Dollars in millions) | | SoCalGas | | SDG&E | | Pretax
earnings
(charge) | | After-tax earnings (charge) | | Pretax
earnings
(charge) | | After-tax
earnings
(charge) | Adjustments to revenue related to tax | | | | | | | | repairs deductions: | | | | | | | | 2015 memorandum account balance | $ | (72 | ) | | $ | (43 | ) | | $ | (37 | ) | | $ | (22 | ) | True-up of 2012-2014 estimates to actuals | (11 | ) | | (6 | ) | | (15 | ) | | (9 | ) | Total | $ | (83 | ) | | $ | (49 | ) | | $ | (52 | ) | | $ | (31 | ) |
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| Schedule Of CPUC Cost of Capital Authorized |
SDG&E’s current CPUC-authorized ROR is 7.79 percent and SoCalGas’ current CPUC-authorized ROR is 8.02 percent based on their authorized capital structures as follows: | | | | | | | | | | | | | | | | | | | | COST OF CAPITAL AND AUTHORIZED RATE STRUCTURE – CPUC | | SDG&E | | | | SoCalGas | Authorized weighting | | Authorized rate of recovery | | Weighted authorized ROR | | | | Authorized weighting | | Authorized rate of recovery | | Weighted authorized ROR | 45.25 | % | | 5.00 | % | | 2.26 | % | | Long-Term Debt | | 45.60 | % | | 5.77 | % | | 2.63 | % | 2.75 | % | | 6.22 | % | | 0.17 | % | | Preferred Stock | | 2.40 | % | | 6.00 | % | | 0.14 | % | 52.00 | % | | 10.30 | % | | 5.36 | % | | Common Equity | | 52.00 | % | | 10.10 | % | | 5.25 | % | 100.00 | % | | | | 7.79 | % | | | | 100.00 | % | | | | 8.02 | % |
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| Schedule Of FERC Cost Of Capital Table |
SDG&E’s current estimated FERC ROR is 7.51 percent based on its capital structure as follows: | | | | | | | | | | | SDG&E COST OF CAPITAL AND RATE STRUCTURE – FERC | | | Weighting | | Rate of recovery | | Weighted ROR | | Long-Term Debt | 43.48 | % | | 4.21 | % | | 1.83 | % | | Common Equity | 56.52 | % | | 10.05 | % | | 5.68 | % | | | 100.00 | % | | | | 7.51 | % | |
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