XML 66 R40.htm IDEA: XBRL DOCUMENT
v3.23.3

DEBT AND CREDIT FACILITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities |
COMMITTED LINES OF CREDIT
(Dollars in millions)
|  |  | September 30, 2023
Borrower | Expiration date of facility |  | Total facility |  | Commercial paper outstanding |  | Amounts outstanding |  | Letters of credit outstanding |  | Available unused credit
Sempra | October 2028(1) |  | $ | 4,000 |  |  | $ | (970) |  |  | $ | — |  |  | $ | — |  |  | $ | 3,030 |
SDG&E | October 2028(1) |  | 1,500 |  |  | — |  |  | — |  |  | — |  |  | 1,500 |
SoCalGas | October 2028(1) |  | 1,200 |  |  | (421) |  |  | — |  |  | — |  |  | 779 |
SI Partners and IEnova | September 2025(2) |  | 500 |  |  | — |  |  | (350) |  |  | — |  |  | 150 |
SI Partners and IEnova | August 2026(3) |  | 1,000 |  |  | — |  |  | — |  |  | — |  |  | 1,000 |
SI Partners and IEnova | August 2028(4) |  | 1,500 |  |  | — |  |  | (201) |  |  | — |  |  | 1,299 |
Port Arthur LNG | March 2030 |  | 200 |  |  | — |  |  | — |  |  | (25) |  |  | 175 |
Total |  |  | $ | 9,900 |  |  | $ | (1,391) |  |  | $ | (551) |  |  | $ | (25) |  |  | $ | 7,933 |
(1) In October 2023, Sempra, SDG&E and SoCalGas each amended their respective credit facility to extend the expiration date from October 2027 to October 2028. Each credit facility will maintain a syndicate of 23 lenders through October 2027, at which time the syndicate of lenders for each credit facility will be reduced to 22 unless a new or existing lender agrees to assume the 23 rd lender’s commitment. Such a reduction in lenders would result in a reduction to the available credit capacity to $3,845, $1,442 and $1,153 for Sempra, SDG&E and SoCalGas, respectively, through October 2028. (2) In September 2023, the $150 facility was terminated and the $350 facility was amended to increase the commitment to $500, adjust the applicable margin to 80 bps (including credit adjustment spread), and extend the expiration date from September 2023 to September 2025. (3) In August 2023, the facility was amended to include IEnova as a co-borrower, adjust the Term SOFR credit adjustment spread to 10 bps in all tenors, and extend the expiration date from November 2024 to August 2026. Additionally, either SI Partners or IEnova has the right to increase the total facility to $1,500, subject to lender approval. (4) In August 2023, the facility was amended to extend the expiration date from February 2024 to August 2028.
UNCOMMITTED LETTERS OF CREDIT
(Dollars in millions)
|  |  | September 30, 2023
| Expiration date range |  | Uncommitted letters of credit outstanding
SDG&E | January 2024 - May 2024 |  | $ | 15 |
SoCalGas | March 2024 - November 2024 |  | 20 |
Sempra Infrastructure | October 2023 - October 2043 |  | 307 |
Parent and other | March 2024 - September 2024 |  | 166 |
Total |  | $ | 508 |
The weighted-average interest rates on all short-term debt were as follows:
WEIGHTED-AVERAGE INTEREST RATES |  |  |
| September 30, 2023 |  | December 31, 2022
Sempra | 5.86 | % |  | 5.57 | %
SDG&E | — |  |  | 4.76 |
SoCalGas | 5.37 |  |  | 4.71 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration