| Fair Value of Financial Instruments Table |
| FAIR VALUE OF FINANCIAL INSTRUMENTS | | (Dollars in millions) | | | | March 31, 2014 | | | | Carrying | | Fair Value | | | | Amount | | Level 1 | Level 2 | Level 3 | Total | | Sempra Energy Consolidated: | | | | | | | | | | | | | Total long-term debt(1) | $ | 11,252 | | $ | ― | $ | 11,444 | $ | 776 | $ | 12,220 | | Preferred stock of subsidiary | | 20 | | | ― | | 21 | | ― | | 21 | | SDG&E: | | | | | | | | | | | | | Total long-term debt(2) | $ | 4,383 | | $ | ― | $ | 4,380 | $ | 332 | $ | 4,712 | | SoCalGas: | | | | | | | | | | | | | Total long-term debt(3) | $ | 1,413 | | $ | ― | $ | 1,523 | $ | ― | $ | 1,523 | | Preferred stock | | 22 | | | ― | | 23 | | ― | | 23 | | | | | | | | | | | | | | | | | | December 31, 2013 | | | | Carrying | | Fair Value | | | | Amount | | Level 1 | Level 2 | Level 3 | Total | | Sempra Energy Consolidated: | | | | | | | | | | | | | Total long-term debt(1) | $ | 12,022 | | $ | ― | $ | 11,925 | $ | 751 | $ | 12,676 | | Preferred stock of subsidiary | | 20 | | | ― | | 20 | | ― | | 20 | | SDG&E: | | | | | | | | | | | | | Total long-term debt(2) | $ | 4,386 | | $ | ― | $ | 4,226 | $ | 335 | $ | 4,561 | | SoCalGas: | | | | | | | | | | | | | Total long-term debt(3) | $ | 1,413 | | $ | ― | $ | 1,469 | $ | ― | $ | 1,469 | | Preferred stock | | 22 | | | ― | | 22 | | ― | | 22 | | (1) | Before reductions for unamortized discount (net of premium) of $18 million and $17 million at March 31, 2014 and December 31, 2013, respectively, and excluding build-to-suit and capital leases of $263 million and $195 million at March 31, 2014 and December 31, 2013, respectively, and commercial paper classified as long-term debt of $300 million and $200 million at March 31, 2014 and December 31, 2013, respectively. We discuss our long-term debt in Note 6 above and in Note 5 of the Notes to Consolidated Financial Statements in the Annual Report. | | (2) | Before reductions for unamortized discount of $11 million at both March 31, 2014 and December 31, 2013, and excluding capital leases of $238 million and $179 million at March 31, 2014 and December 31, 2013, respectively. | | (3) | Before reductions for unamortized discount of $5 million and $4 million at March 31, 2014 and December 31, 2013, respectively, and excluding capital leases of $1 million and $2 million at March 31, 2014 and December 31, 2013, respectively. |
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| Recurring Fair Value Measures Table |
| RECURRING FAIR VALUE MEASURES – SEMPRA ENERGY CONSOLIDATED | | (Dollars in millions) | | | At fair value as of March 31, 2014 | | | | Level 1 | | Level 2 | | Level 3 | | Netting(1) | | Total | | Assets: | | | | | | | | | | | | Nuclear decommissioning trusts: | | | | | | | | | | | | Equity securities | $ | 623 | $ | ― | $ | ― | $ | ― | $ | 623 | | Debt securities: | | | | | | | | | | | | Debt securities issued by the U.S. Treasury and other | | | | | | | | | | | | U.S. government corporations and agencies | | 55 | | 56 | | ― | | ― | | 111 | | Municipal bonds | | ― | | 112 | | ― | | ― | | 112 | | Other securities | | ― | | 178 | | ― | | ― | | 178 | | Total debt securities | | 55 | | 346 | | ― | | ― | | 401 | | Total nuclear decommissioning trusts(2) | | 678 | | 346 | | ― | | ― | | 1,024 | | Interest rate instruments | | ― | | 64 | | ― | | ― | | 64 | | Commodity contracts subject to rate recovery | | 7 | | 4 | | 95 | | 31 | | 137 | | Commodity contracts not subject to rate recovery | | 1 | | 4 | | ― | | 15 | | 20 | | Total | $ | 686 | $ | 418 | $ | 95 | $ | 46 | $ | 1,245 | | Liabilities: | | | | | | | | | | | | Interest rate and foreign exchange instruments | $ | ― | $ | 127 | $ | ― | $ | ― | $ | 127 | | Commodity contracts subject to rate recovery | | ― | | 15 | | ― | | ― | | 15 | | Commodity contracts not subject to rate recovery | | 1 | | 8 | | ― | | (2) | | 7 | | Total | $ | 1 | $ | 150 | $ | ― | $ | (2) | $ | 149 | | | | | | | | | | | | | | | At fair value as of December 31, 2013 | | | | Level 1 | | Level 2 | | Level 3 | | Netting(1) | | Total | | Assets: | | | | | | | | | | | | Nuclear decommissioning trusts: | | | | | | | | | | | | Equity securities | $ | 614 | $ | ― | $ | ― | $ | ― | $ | 614 | | Debt securities: | | | | | | | | | | | | Debt securities issued by the U.S. Treasury and other | | | | | | | | | | | | U.S. government corporations and agencies | | 59 | | 58 | | ― | | ― | | 117 | | Municipal bonds | | ― | | 111 | | ― | | ― | | 111 | | Other securities | | ― | | 153 | | ― | | ― | | 153 | | Total debt securities | | 59 | | 322 | | ― | | ― | | 381 | | Total nuclear decommissioning trusts(2) | | 673 | | 322 | | ― | | ― | | 995 | | Interest rate instruments | | ― | | 56 | | ― | | ― | | 56 | | Commodity contracts subject to rate recovery | | 2 | | 1 | | 99 | | 31 | | 133 | | Commodity contracts not subject to rate recovery | | 1 | | 5 | | ― | | 17 | | 23 | | Total | $ | 676 | $ | 384 | $ | 99 | $ | 48 | $ | 1,207 | | Liabilities: | | | | | | | | | | | | Interest rate and foreign exchange instruments | $ | ― | $ | 117 | $ | ― | $ | ― | $ | 117 | | Commodity contracts subject to rate recovery | | ― | | 13 | | ― | | ― | | 13 | | Commodity contracts not subject to rate recovery | | 4 | | 8 | | ― | | (5) | | 7 | | Total | $ | 4 | $ | 138 | $ | ― | $ | (5) | $ | 137 | | (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) | | | At fair value as of March 31, 2014 | | | | Level 1 | | Level 2 | | Level 3 | | Netting(1) | | Total | | Assets: | | | | | | | | | | | | Nuclear decommissioning trusts: | | | | | | | | | | | | Equity securities | $ | 623 | $ | ― | $ | ― | $ | ― | $ | 623 | | Debt securities: | | | | | | | | | | | | Debt securities issued by the U.S. Treasury and other | | | | | | | | | | | | U.S. government corporations and agencies | | 55 | | 56 | | ― | | ― | | 111 | | Municipal bonds | | ― | | 112 | | ― | | ― | | 112 | | Other securities | | ― | | 178 | | ― | | ― | | 178 | | Total debt securities | | 55 | | 346 | | ― | | ― | | 401 | | Total nuclear decommissioning trusts(2) | | 678 | | 346 | | ― | | ― | | 1,024 | | Commodity contracts subject to rate recovery | | 7 | | 3 | | 95 | | 29 | | 134 | | Commodity contracts not subject to rate recovery | | ― | | ― | | ― | | 1 | | 1 | | Total | $ | 685 | $ | 349 | $ | 95 | $ | 30 | $ | 1,159 | | Liabilities: | | | | | | | | | | | | Interest rate instruments | $ | ― | $ | 53 | $ | ― | $ | ― | $ | 53 | | Commodity contracts subject to rate recovery | | ― | | 14 | | ― | | ― | | 14 | | Total | $ | ― | $ | 67 | $ | ― | $ | ― | $ | 67 | | | | | | | | | | | | | | | At fair value as of December 31, 2013 | | | | Level 1 | | Level 2 | | Level 3 | | Netting(1) | | Total | | Assets: | | | | | | | | | | | | Nuclear decommissioning trusts: | | | | | | | | | | | | Equity securities | $ | 614 | $ | ― | $ | ― | $ | ― | $ | 614 | | Debt securities: | | | | | | | | | | | | Debt securities issued by the U.S. Treasury and other | | | | | | | | | | | | U.S. government corporations and agencies | | 59 | | 58 | | ― | | ― | | 117 | | Municipal bonds | | ― | | 111 | | ― | | ― | | 111 | | Other securities | | ― | | 153 | | ― | | ― | | 153 | | Total debt securities | | 59 | | 322 | | ― | | ― | | 381 | | Total nuclear decommissioning trusts(2) | | 673 | | 322 | | ― | | ― | | 995 | | Commodity contracts subject to rate recovery | | 1 | | 1 | | 99 | | 29 | | 130 | | Commodity contracts not subject to rate recovery | | ― | | ― | | ― | | 1 | | 1 | | Total | $ | 674 | $ | 323 | $ | 99 | $ | 30 | $ | 1,126 | | Liabilities: | | | | | | | | | | | | Interest rate instruments | $ | ― | $ | 55 | $ | ― | $ | ― | $ | 55 | | Commodity contracts subject to rate recovery | | ― | | 12 | | ― | | ― | | 12 | | Total | $ | ― | $ | 67 | $ | ― | $ | ― | $ | 67 | | (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) | | | | At fair value as of March 31, 2014 | | | | | Level 1 | | Level 2 | | Level 3 | | Netting(1) | | Total | | Assets: | | | | | | | | | | | | Commodity contracts subject to rate recovery | $ | ― | $ | 1 | $ | ― | $ | 2 | $ | 3 | | Commodity contracts not subject to rate recovery | | ― | | ― | | ― | | 2 | | 2 | | Total | $ | ― | $ | 1 | $ | ― | $ | 4 | $ | 5 | | Liabilities: | | | | | | | | | | | | Commodity contracts subject to rate recovery | $ | ― | $ | 1 | $ | ― | $ | ― | $ | 1 | | Total | $ | ― | $ | 1 | $ | ― | $ | ― | $ | 1 | | | | | | | | | | | | | | | | | At fair value as of December 31, 2013 | | | | | Level 1 | | Level 2 | | Level 3 | | Netting(1) | | Total | | Assets: | | | | | | | | | | | | Commodity contracts subject to rate recovery | $ | 1 | $ | ― | $ | ― | $ | 2 | $ | 3 | | Commodity contracts not subject to rate recovery | | ― | | ― | | ― | | 2 | | 2 | | Total | $ | 1 | $ | ― | $ | ― | $ | 4 | $ | 5 | | Liabilities: | | | | | | | | | | | | Commodity contracts subject to rate recovery | $ | ― | $ | 1 | $ | ― | $ | ― | $ | 1 | | Total | $ | ― | $ | 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. |
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