INVESTMENTS IN UNCONSOLIDATED ENTITIES

3 Months Ended

Mar. 31, 2017

Investments [Abstract]

Investments in Unconsolidated Entities

INVESTMENTS IN UNCONSOLIDATED ENTITIES

Sempra Energy uses the equity method to account for investments in affiliated companies over which we have the ability to exercise significant influence, but not control. We provide additional information concerning our equity method investments in Note 3 above and in Notes 3 and 4 of the Notes to Consolidated Financial Statements in the Annual Report.

SEMPRA SOUTH AMERICAN UTILITIES

In February 2017, Sempra South American Utilities recorded the equitization of its $19 million note receivable due from Eletrans S.A., resulting in an increase in its investment in this unconsolidated joint venture.

SEMPRA MEXICO

Sempra Mexico invested cash of $46 million in its unconsolidated joint venture, Infraestructura Marina del Golfo, in the three months ended March 31, 2017.

SEMPRA RENEWABLES

Sempra Renewables invested cash of $15 million in its unconsolidated joint ventures in the three months ended March 31, 2016.

SEMPRA LNG & MIDSTREAM

Sempra LNG & Midstream capitalized $11 million and $12 million of interest in the three months ended March 31, 2017 and 2016, respectively, related to its investment in Cameron LNG Holdings, LLC (Cameron LNG JV), which has not commenced planned principal operations. During the three months ended March 31, 2017, Sempra LNG & Midstream invested cash of $1 million in this unconsolidated joint venture.

GUARANTEES

At March 31, 2017, we had outstanding guarantees aggregating a maximum of $4.4 billion with an aggregate carrying value of $48 million. We discuss these guarantees in Note 4 of the Notes to Consolidated Financial Statements in the Annual Report.