SCHEDULE I, CONDENSED FINANCIAL INFORMATION OF PARENT

12 Months Ended

Dec. 31, 2013

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,
	2013		2012		2011
Interest income	$	42	$	83	$	109
Interest expense		(239)		(247)		(242)
Operation and maintenance		(63)		(68)		(64)
Other income, net		41		66		42
Income tax benefits		117		145		82
Loss before equity in earnings of subsidiaries		(102)		(21)		(73)
Equity in earnings of subsidiaries, net of income taxes		1,103		880		1,404
Net income/earnings	$	1,001	$	859	$	1,331
Basic earnings per common share	$	4.10	$	3.56	$	5.55
Weighted-average number of shares outstanding (thousands)		243,863		241,347		239,720
Diluted earnings per common share	$	4.01	$	3.48	$	5.51
Weighted-average number of shares outstanding (thousands)		249,332		246,693		241,523
See Notes to Condensed Financial Information of Parent.

SEMPRA ENERGY
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in millions)
	Years ended December 31, 2013, 2012 and 2011
	Pretax		Income Tax		Net-of-tax
	Amount		(Expense) Benefit		Amount
2013:
Net income	$	884	$	117	$	1,001
Other comprehensive income:
Foreign currency translation adjustments		111		―		111
Pension and other postretirement benefits		47		(19)		28
Financial instruments		13		(4)		9
Total other comprehensive income		171		(23)		148
Comprehensive income	$	1,055	$	94	$	1,149
2012:
Net income	$	714	$	145	$	859
Other comprehensive income (loss):
Foreign currency translation adjustments		119		―		119
Pension and other postretirement benefits		(4)		2		(2)
Financial instruments		(6)		2		(4)
Total other comprehensive income		109		4		113
Comprehensive income	$	823	$	149	$	972
2011:
Net income	$	1,249	$	82	$	1,331
Other comprehensive 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 loss		(181)		22		(159)
Comprehensive income	$	1,068	$	104	$	1,172
See Notes to Condensed Financial Information of Parent.

SEMPRA ENERGY
CONDENSED BALANCE SHEETS
(Dollars in millions)
	December 31,		December 31,
	2013		2012
Assets:
Cash and cash equivalents	$	6	$	18
Due from affiliates		132		125
Deferred income taxes		170		109
Other current assets		16		16
Total current assets		324		268
Investments in subsidiaries		13,866		12,545
Due from affiliates		802		1,759
Deferred income taxes		1,466		1,541
Other assets		555		576
Total assets	$	17,013	$	16,689
Liabilities and shareholders’ equity:
Current portion of long-term debt	$	800	$	652
Due to affiliates		273		539
Income taxes payable		64		26
Other current liabilities		276		260
Total current liabilities		1,413		1,477
Long-term debt		4,117		4,409
Other long-term liabilities		475		521
Shareholders’ equity		11,008		10,282
Total liabilities and shareholders’ equity	$	17,013	$	16,689
See Notes to Condensed Financial Information of Parent.

SEMPRA ENERGY
CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in millions)
	Years ended December 31,
	2013		2012		2011
Net cash used in operating activities	$	(131)	$	(809)	$	(287)
Dividends received from subsidiary		50		250		50
Expenditures for property, plant and equipment		(1)		(1)		(2)
Purchase of trust assets		(5)		(6)		(7)
Proceeds from sales by trust		10		10		12
Capital contribution to subsidiaries		(6)		―		(200)
Decrease (increase) in loans to affiliates, net		962		(33)		82
Cash provided by (used in) investing activities		1,010		220		(65)
Common stock dividends paid		(606)		(550)		(440)
Issuances of common stock		62		78		28
Repurchases of common stock		(45)		(16)		(18)
Issuances of long-term debt		498		1,100		799
Payments on long-term debt		(650)		(8)		(24)
Decrease in loans from affiliates, net		(147)		―		(136)
Other		(3)		(8)		(3)
Cash (used in) provided by financing activities		(891)		596		206
(Decrease) increase in cash and cash equivalents		(12)		7		(146)
Cash and cash equivalents, January 1		18		11		157
Cash and cash equivalents, December 31	$	6	$	18	$	11
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.

Other Income, Net, on the Condensed Statements of Operations includes $39 million, $41 million and$22 million of gains on dedicated assets in support of our executive retirement and deferred compensation plans in 2013, 2012 and 2011, 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)	2013		2012
6% Notes February 1, 2013	$	―	$	400
8.9% Notes November 15, 2013, including $200 at variable rates after
fixed-to-floating rate swaps effective January 2011		―		250
2% Notes March 15, 2014		500		500
Notes at variable rates (1.01% at December 31, 2013) March 15, 2014		300		300
6.5% Notes June 1, 2016, including $300 at variable rates after
fixed-to-floating rate swaps effective January 2011 (4.46% at December 31, 2013)		750		750
2.3% Notes April 1, 2017		600		600
6.15% Notes June 15, 2018		500		500
9.8% Notes February 15, 2019		500		500
2.875% Notes October 1, 2022		500		500
4.05% Notes December 1, 2023		500		―
6% Notes October 15, 2039		750		750
Market value adjustments for interest rate swaps, net
(expire November 2013 and June 2016)		12		19
Build-to-suit lease		14		―
		4,926		5,069
Current portion of long-term debt		(800)		(652)
Unamortized discount on long-term debt		(9)		(8)
Total long-term debt	$	4,117	$	4,409

Maturities of long-term debt are $800 million in 2014,$750 million in 2016, $600 million in 2017,$500 million in 2018and $2.3 billion thereafter.

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

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 in the Annual Report.