SCHEDULE I, CONDENSED FINANCIAL INFORMATION OF PARENT

12 Months Ended

Dec. 31, 2011

Condensed Financial Information Of Parent (Tables) [Abstract]

Condensed Financial Information of Parent

SEMPRA ENERGY
CONDENSED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share amounts)
	Years ended December 31,
	2011(1)		2010(1)		2009(1)
Interest income	$	109	$	146	$	140
Interest expense		(242)		(265)		(244)
Operation and maintenance		(64)		(59)		(81)
Other income, net		42		65		50
Income tax benefits		82		79		89
Loss before equity in earnings of subsidiaries		(73)		(34)		(46)
Equity in earnings of subsidiaries, net of income taxes		1,404		743		1,165
Net income/earnings	$	1,331	$	709	$	1,119
Basic earnings per common share	$	5.55	$	2.90	$	4.60
Weighted-average number of shares outstanding (thousands)		239,720		244,736		243,339
Diluted earnings per common share	$	5.51	$	2.86	$	4.52
Weighted-average number of shares outstanding (thousands)		241,523		247,942		247,384
(1) As adjusted for the retrospective effect of a change in accounting principle as we discuss in Note 1.
See Notes to Condensed Financial Information of Parent.

SEMPRA ENERGY
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
(Dollars in millions)
		Years ended December 31, 2011, 2010 and 2009
		Pretax		Income Tax		Net-of-tax
		Amount(1)		(Expense) Benefit		Amount
2011:
Net income(2)		$	1,331			$	1,331
Other comprehensive income (loss):
Foreign currency translation adjustments			(79)	$	3		(76)
Reclassification to net income of foreign
currency translation adjustment related
to remeasurement of equity method
investments			(54)		―		(54)
Available-for-sale securities			(2)		1		(1)
Pension and other postretirement benefits			(20)		8		(12)
Financial instruments			(26)		10		(16)
Total other comprehensive income (loss)			(181)		22		(159)
Total comprehensive income(2)		$	1,150	$	22	$	1,172
2010:
Net income(2)		$	709			$	709
Other comprehensive income (loss):
Foreign currency translation adjustments			47	$	―		47
Available-for-sale securities			(10)		2		(8)
Pension and other postretirement benefits			23		(10)		13
Financial instruments			(22)		9		(13)
Total other comprehensive income			38		1		39
Total comprehensive income(2)		$	747	$	1	$	748
2009:
Net income(2)		$	1,119			$	1,119
Other comprehensive income (loss):
Foreign currency translation adjustments			102	$	―		102
Available-for-sale securities			9		(2)		7
Pension and other postretirement benefits			(6)		3		(3)
Financial instruments			60		(22)		38
Total other comprehensive income (loss)			165		(21)		144
Total comprehensive income (loss)(2)		$	1,284	$	(21)	$	1,263
(1)	Except for Net Income and Total Comprehensive Income (Loss).
(2)	As adjusted for the retrospective effect of a change in accounting principle as we discuss in Note 1.
See Notes to Condensed Financial Statements of Parent.

SEMPRA ENERGY
CONDENSED BALANCE SHEETS
(Dollars in millions)
		December 31,		December 31,
		2011(1)		2010(1)
Assets:
Cash and cash equivalents		$	11	$	157
Due from affiliates			112		27
Income taxes receivable			―		190
Other current assets			16		11
Total current assets			139		385
Investments in subsidiaries			12,209		11,447
Due from affiliates			1,730		1,683
Deferred income taxes			1,200		305
Other assets			548		488
Total assets		$	15,826	$	14,308
Liabilities and shareholders’ equity:
Current portion of long-term debt		$	8	$	32
Due to affiliates			1,014		1,331
Income taxes payable			246		―
Other current liabilities			336		374
Total current liabilities			1,604		1,737
Long-term debt			3,957		3,140
Other long-term liabilities			490		441
Shareholders’ equity			9,775		8,990
Total liabilities and shareholders’ equity		$	15,826	$	14,308
(1)	As adjusted for the retrospective effect of a change in accounting principle as we discuss in Note 1.
	See Notes to Condensed Financial Information of Parent.

SEMPRA ENERGY
CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in millions)
	Years ended December 31,
	2011		2010		2009
Net cash (used in) provided by operating activities	$	(287)	$	218	$	97
Dividends received from subsidiaries		50		100		150
Expenditures for property, plant and equipment		(2)		(1)		(1)
Proceeds from sale of short-term investments		―		―		152
Purchase of trust assets		(7)		―		(30)
Proceeds from sales by trust		12		11		―
(Increase) decrease in loans to affiliates, net		(118)		1,204		(1,285)
Cash (used in) provided by investing activities		(65)		1,314		(1,014)
Common stock dividends paid		(440)		(364)		(341)
Issuances of common stock		28		40		73
Repurchases of common stock		(18)		(502)		(22)
Issuances of long-term debt		799		40		1,492
Payments on long-term debt		(24)		(565)		(314)
(Decrease) increase in loans from affiliates, net		(136)		(40)		4
Other		(3)		9		20
Cash provided by (used in) financing activities		206		(1,382)		912
(Decrease) increase in cash and cash equivalents		(146)		150		(5)
Cash and cash equivalents, January 1		157		7		12
Cash and cash equivalents, December 31	$	11	$	157	$	7
See Notes to Condensed Financial Information of Parent.

SEMPRA ENERGY

NOTES TO CONDENSED FINANCIAL INFORMATION OF PARENT

Note 1. Basis of Presentation

Sempra Energy accounts for the earnings of its subsidiaries under the equity method in this unconsolidated financial information.

This condensed financial information has been adjusted for the retrospective effect of a change in accounting principle and the adoption of a new accounting standard as we discuss in Note 1 of the Notes to Consolidated Financial Statements in Part II, Item 8 (Exhibit 99.5 of this report).

Other Income, Net, on the Condensed Statements of Operations includes $22 million,$35 million and $55 million of gains associated with investment earnings or losses on dedicated assets in support of our executive retirement and deferred compensation plans in 2011, 2010 and 2009, respectively.

Because of its nature as a holding company, Sempra Energy classifies dividends received from subsidiaries as an investing cash flow.

Note 2. Long-Term Debt

	December 31,		December 31,
(Dollars in millions)	2011		2010
6% Notes February 1, 2013	$	400	$	400
8.9% Notes November 15, 2013, including $200 at variable rates after
fixed-to-floating rate swaps effective January 2011 (8.19% at December 31, 2011)		250		250
2% Notes March 15, 2014		500		―
Notes at variable rates (1.22% at December 31, 2011) March 15, 2014		300		―
6.5% Notes June 1, 2016, including $300 at variable rates after
fixed-to-floating rate swaps effective January 2011 (4.86% at December 31, 2011)		750		750
6.15% Notes June 15, 2018		500		500
9.8% Notes February 15, 2019		500		500
6% Notes October 15, 2039		750		750
Employee Stock Ownership Plan Bonds at variable rates payable on demand
(0.40% at December 31, 2011) November 1, 2014		8		32
Market value adjustments for interest rate swaps, net
(expire November 2013 and June 2016)		16		―
		3,974		3,182
Current portion of long-term debt		(8)		(32)
Unamortized discount on long-term debt		(9)		(10)
Total long-term debt	$	3,957	$	3,140

Maturities of long-term debt are $8 million in 2012,$650 million in 2013, $800 million in 2014, $750 million in 2016, and $1.8 billion thereafter.

Additional information on Sempra Energy's long-term debt is provided in Note 5 of the Notes to Consolidated Financial Statements.

Note 3. Commitmentsand Contingencies

For contingencies and guarantees related to Sempra Energy, refer to Notes 5 and 15 of the Notes to Consolidated Financial Statements.