DEBT AND CREDIT FACILITIES	3 Months Ended
DEBT AND CREDIT FACILITIES	Sep. 30, 2015
Notes to Consolidated Financial Statements [Abstract]
Debt and Credit Facilities	NOTE 6. DEBT AND CREDIT FACILITIES LINES OF CREDIT At September 30, 2015, Sempra Energy Consolidated had an aggregate of $4.1 billion in three primary committed lines of credit for Sempra Energy, Sempra Global and the California Utilities to provide liquidity and to support commercial paper, the major components of which we detail below. Available unused credit on these lines at September 30, 2015 was approximately $3.3 billion. Some of Sempra Energy’s subsidiaries, primarily our foreign operations, have additional general purpose credit facilities, aggregating $945 million at September 30, 2015. Available unused credit on these lines totaled $485 million at September 30, 2015. Sempra Energy Line of Credit at September 30, 2015 Sempra Energy had a $1.067 billion, five-year syndicated revolving credit agreement expiring in March 2017. Citibank, N.A. served as administrative agent for the syndicate of 24 lenders. Borrowings bore interest at benchmark rates plus a margin that varied with market index rates and Sempra Energy’s credit ratings. The facility required Sempra Energy to maintain a ratio of total indebtedness to total capitalization (as defined in the agreement) of no more than 65 percent at the end of each quarter. At September 30, 2015 and December 31, 2014, Sempra Energy was in compliance with this and all other financial covenants under the credit facility. The facility also provided for issuance of up to $635 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. At September 30, 2015, Sempra Energy had no outstanding borrowings or letters of credit supported by the facility. Amended and Restated Line of Credit Effective October 13, 2015 On October 13, 2015, Sempra Energy entered into an amended and restated, five-year syndicated revolving credit agreement expiring in October 2020. The credit facility permits borrowings of up to $1 billion. Citibank, N.A. serves as administrative agent for the syndicate of 20 lenders and no single lender has greater than a 7-percent share. The credit facility amends, restates and supersedes Sempra Energy’s $1.067 billion credit agreement that was to expire in 2017. Borrowings bear interest at benchmark rates plus a margin that varies with Sempra Energy’s credit ratings. The facility requires Sempra Energy to maintain a ratio of total indebtedness to total capitalization (as defined in the agreement) of no more than 65 percent at the end of each quarter. 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. Sempra Global Line of Credit at September 30, 2015 Sempra Global had a $2.189 billion, five-year syndicated revolving credit agreement expiring in March 2017. Citibank, N.A. served as administrative agent for the syndicate of 25 lenders. Sempra Energy guaranteed Sempra Global’s obligations under the credit facility. Borrowings bore interest at benchmark rates plus a margin that varied with market index rates and Sempra Energy’s credit ratings. The facility required Sempra Energy to maintain a ratio of total indebtedness to total capitalization (as defined in the agreement) of no more than 65 percent at the end of each quarter. At September 30, 2015 and December 31, 2014, Sempra Energy was in compliance with this and all other financial covenants under the credit facility. At September 30, 2015, Sempra Global had $734 million of commercial paper outstanding supported by the facility. Amended and Restated Line of Credit Effective October 13, 2015 On October 13, 2015, Sempra Global entered into an amended and restated, five-year syndicated revolving credit agreement expiring in October 2020. The credit facility permits borrowings of up to $2.21 billion. Citibank, N.A. serves as administrative agent for the syndicate of 20 lenders and no single lender has greater than a 7-percent share. The credit facility amends, restates and supersedes Sempra Global’s $2.189 billion credit agreement that was to expire in 2017. Sempra Energy guarantees Sempra Global’s obligations under the credit facility. Borrowings bear interest at benchmark rates plus a margin that varies with Sempra Energy’s credit ratings. The facility requires Sempra Energy to maintain a ratio of total indebtedness to total capitalization (as defined in the agreement) of no more than 65 percent at the end of each quarter. California Utilities Line of Credit at September 30, 2015 SDG&E and SoCalGas had a combined $877 million, five-year syndicated revolving credit agreement expiring in March 2017. JPMorgan Chase Bank, N.A. served as administrative agent for the syndicate of 24 lenders. The agreement permitted each utility to individually borrow up to $658 million, subject to a combined limit of $877 million for both utilities. It also provided for the issuance of letters of credit on behalf of each utility subject to a combined letter of credit commitment of $300 million for both utilities. The amount of borrowings otherwise available under the facility was reduced by the amount of outstanding letters of credit. Borrowings under the facility bore interest at benchmark rates plus a margin that varied with market index rates and the borrowing utility’s credit ratings. The agreement required each utility to maintain a ratio of total indebtedness to total capitalization (as defined in the agreement) of no more than 65 percent at the end of each quarter. At September 30, 2015 and December 31, 2014, the California Utilities were in compliance with this and all other financial covenants under the credit facility. Each utility’s obligations under the agreement were individual obligations, and a default by one utility would not constitute a default by the other utility or preclude borrowings by, or the issuance of letters of credit on behalf of, the other utility. At September 30, 2015, SDG&E had $44 million of commercial paper outstanding, supported by the facility. SoCalGas had no outstanding borrowings supported by the facility. Available unused credit on the line at September 30, 2015 was $614 million and $658 million at SDG&E and SoCalGas, respectively, subject to the $877 million maximum combined credit limit. Amended and Restated Line of Credit Effective October 13, 2015 On October 13, 2015, SDG&E and SoCalGas entered into a combined $1 billion, amended and restated, five-year syndicated revolving credit agreement expiring in October 2020. JPMorgan Chase Bank, N.A. serves as administrative agent for the syndicate of 20 lenders, and no single lender has greater than a 7-percent share. The agreement permits each utility to individually borrow up to $750 million, subject to a combined limit of $1 billion for both utilities. It 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. The credit facility amends, restates and supersedes the California Utilities’ $877 million credit agreement that was to expire in 2017. Borrowings bear interest at benchmark rates plus a margin that varies with the borrowing utility’s credit rating. The agreement requires each utility to maintain a ratio of total indebtedness to total capitalization (as defined in the agreement) of no more than 65 percent at the end of each quarter. Each utility’s obligations under the agreement are individual obligations, and a default by one utility would not constitute a default by the other utility or preclude borrowings by, or the issuance of letters of credit on behalf of, the other utility. Sempra Mexico In 2014, IEnova entered into an agreement for a $200 million, U.S. dollar-denominated, three-year corporate revolving credit facility with Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México. Also in 2014, IEnova entered into an agreement for a $100 million, U.S. dollar-denominated, three-year corporate revolving credit facility with Sumitomo Mitsui Banking Corporation. Both revolving credit facilities were entered into to finance working capital and for general corporate purposes. In August 2015, IEnova entered into a $400 million, five-year revolving credit agreement to replace, and repay the $210 million in outstanding borrowings under, the two existing revolving credit facilities described above. The lenders are Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, The Bank of Tokyo - Mitsubishi UFJ, LTD., The Bank of Nova Scotia and Sumitomo Mitsui Banking Corporation. At September 30, 2015, IEnova had $290 million of outstanding borrowings supported by the facility, and available unused credit on the line was $110 million. WEIGHTED AVERAGE INTEREST RATES The weighted average interest rates on the total short-term debt at Sempra Energy Consolidated were 0.66 percent and 0.70 percent at September 30, 2015 and December 31, 2014, respectively. The weighted average interest rate on total short-term debt at SDG&E was 0.15 percent at September 30, 2015. At December 31, 2014, the weighted average interest rates on total short-term debt at SDG&E and SoCalGas were 0.27 percent and 0.25 percent, respectively. LONG-TERM DEBT Sempra Energy In March 2015, Sempra Energy publicly offered and sold $500 million of 2.40-percent, fixed-rate notes maturing in 2020. Sempra Energy used the proceeds from this offering to repay outstanding commercial paper. SDG&E In March 2015, SDG&E publicly offered and sold $140 million of first mortgage bonds maturing in 2017 at a variable rate of three-month LIBOR plus 0.20 percent (0.53 percent at September 30, 2015) and $250 million of 1.914-percent amortizing first mortgage bonds maturing in 2022. SDG&E used the proceeds from the offering to repay outstanding commercial paper and for other general corporate purposes. On August 28, 2015, SDG&E redeemed, prior to maturity, certain outstanding long-term debt instruments with a total principal amount of $169 million. The coupon rates of these instruments ranged from 4.9 percent to 5.5 percent, with maturities ranging from 2021 to 2027. SoCalGas In June 2015, SoCalGas publicly offered and sold $250 million of 1.55-percent and $350 million of 3.20-percent first mortgage bonds maturing in 2018 and 2025, respectively. SoCalGas used the proceeds from the offering to repay outstanding commercial paper and for other general corporate purposes. Sempra South American Utilities In May and June 2015, Luz del Sur borrowed $13 million and $22 million, respectively, under a bank loan facility. The loans accrue interest at 5.18 percent and mature in May 2018 and June 2018, respectively. In August 2015, Luz del Sur borrowed $9 million under a bank loan facility. The loan accrues interest at 6.70 percent and matures in February 2018. In September 2015, Luz del Sur publicly offered and sold $25 million of corporate bonds at 8.75 percent maturing in September 2026. Sempra Natural Gas In June 2015, Sempra Natural Gas reduced its other long-term debt by $79 million through redemption of its investment in industrial development bonds at Mississippi Hub, LLC. Sempra Natural Gas plans to redeem, prior to maturity, $55 million of industrial development bonds payable at Bay Gas Storage Company, Ltd. Accordingly, the debt is classified as current portion of long-term debt at September 30, 2015 on Sempra Energy’s Condensed Consolidated Balance Sheet. The redemption is anticipated to occur during the fourth quarter of 2015. INTEREST RATE SWAPS We discuss our fair value interest rate swaps and interest rate swaps to hedge cash flows in Note 7.