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DEBT AND CREDIT FACILITIES (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
CREDIT FACILITIES IN SOUTH AMERICA AND MEXICO
(U.S. dollar equivalent in millions)
 
 
 
 
At December 31, 2018
 
 
Denominated in
 
Total facility
 
Amount
outstanding
 
Available unused credit
Sempra South American Utilities(1):
 
 
 
 
 
 
 
 
Peru(2) 
Peruvian sol
 
$
534

 
$
(182
)
(3) 
$
352

 
Chile
Chilean peso
 
115

 
—

 
115

Sempra Mexico:
 
 
 
 
 
 
 
 
IEnova(4)
U.S. dollar
 
1,170

 
(808
)
 
362

Total
 
 
$
1,819

 
$
(990
)
 
$
829

1) 
The credit facilities were entered into to finance working capital and for general corporate purposes and expire between 2019 and 2021.
2) 
The Peruvian facilities require a debt to equity ratio of no more than 170 percent, with which we were in compliance at December 31, 2018.
3) 
Includes bank guarantees of $18 million.
4) 
In February 2019, IEnova revised the terms of its five-year revolving credit facility by increasing the amount available under the facility from $1.17 billion to $1.5 billion, extending the expiration of the facility from August 2020 to February 2024 and increasing the syndicate of lenders from eight to 10.

PRIMARY U.S. COMMITTED LINES OF CREDIT
(Dollars in millions)
 
 
 
At December 31, 2018
 
 
 
Total facility
 
Commercial paper outstanding(1)
 
Adjustment for combined limit
 
Available unused credit
Sempra Energy(2)
 
$
1,250

 
$
—

 
$
—

 
$
1,250

Sempra Global(3)
 
3,185

 
(669
)
 
—

 
2,516

California Utilities(4):
 
 
 
 
 
 
 
 
 
SDG&E
 
750

 
(291
)
 
(6
)
 
453

 
SoCalGas
 
750

 
(256
)
 
(41
)
 
453

 
Less: subject to a combined limit of $1 billion for both utilities
 
(500
)
 
—

 
47

 
(453
)
 
 
 
1,000

 
(547
)
 
—

 
453

Total
 
$
5,435

 
$
(1,216
)
 
$
—

 
$
4,219


(1) 
Because the commercial paper programs are supported by these lines, we reflect the amount of commercial paper outstanding as a reduction to the available unused credit.
(2) 
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. No letters of credit were outstanding at December 31, 2018.
(3) 
Sempra Energy guarantees Sempra Global’s obligations under the credit facility.
(4) 
The facility 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. No letters of credit were outstanding at December 31, 2018.
Schedule Of Long-term Debt The following tables show the detail and maturities of long-term debt outstanding:
LONG-TERM DEBT
(Dollars in millions)
 
December 31,
 
2018
 
2017
SDG&E
 
 
 
First mortgage bonds (collateralized by plant assets):
 
 
 
1.65% July 1, 2018(1)
$
—

 
$
161

3% August 15, 2021
350

 
350

1.914% payable 2015 through February 2022
125

 
161

3.6% September 1, 2023
450

 
450

2.5% May 15, 2026
500

 
500

6% June 1, 2026
250

 
250

5.875% January and February 2034(1)
176

 
176

5.35% May 15, 2035
250

 
250

6.125% September 15, 2037
250

 
250

4% May 1, 2039(1)
75

 
75

6% June 1, 2039
300

 
300

5.35% May 15, 2040
250

 
250

4.5% August 15, 2040
500

 
500

3.95% November 15, 2041
250

 
250

4.3% April 1, 2042
250

 
250

3.75% June 1, 2047
400

 
400

4.15% May 15, 2048
400

 
—

 
4,776

 
4,573

Other long-term debt:
 

 
 

OMEC LLC variable-rate loan (5.2925% after floating-to-fixed rate swaps effective 2007),
 
 


payable 2013 through April 2019 (collateralized by OMEC plant assets)
—

 
295

OMEC LLC variable-rate loan (4.7896% at December 31, 2018 except for $142 at 5.2925%
 
 
 
after floating-to-fixed rate swaps through April 1, 2019), payable 2019 through 2024
 
 
 
(collateralized by OMEC plant assets)
220

 
—

 
 
 
 
Capital lease obligations:
 

 
 

Purchased-power contracts
1,270

 
731

Other
2

 
1

 
1,492

 
1,027

 
6,268

 
5,600

Current portion of long-term debt
(81
)
 
(220
)
Unamortized discount on long-term debt
(12
)
 
(11
)
Unamortized debt issuance costs
(37
)
 
(34
)
Total SDG&E
6,138

 
5,335

 
 
 
 
SoCalGas
 

 
 

First mortgage bonds (collateralized by plant assets):
 

 
 

5.45% April 15, 2018
—

 
250

1.55% June 15, 2018
—

 
250

3.15% September 15, 2024
500

 
500

3.2% June 15, 2025
350

 
350

2.6% June 15, 2026
500

 
500

5.75% November 15, 2035
250

 
250

5.125% November 15, 2040
300

 
300

3.75% September 15, 2042
350

 
350

4.45% March 15, 2044
250

 
250

4.125% June 1, 2048
400

 
—

4.3% January 15, 2049
550

 
—

 
3,450

 
3,000

Other long-term debt (uncollateralized):
 

 
 

1.875% Notes payable 2016 through May 2026(1)
4

 
4

5.67% Notes January 18, 2028
5

 
5

Capital lease obligations
3

 
1

 
12

 
10

 
3,462

 
3,010

Current portion of long-term debt
(3
)
 
(501
)
Unamortized discount on long-term debt
(6
)
 
(7
)
Unamortized debt issuance costs
(26
)
 
(17
)
Total SoCalGas
3,427

 
2,485

LONG-TERM DEBT (CONTINUED)
(Dollars in millions)
 
December 31,
 
2018
 
2017
Sempra Energy
 
 
 
Other long-term debt (uncollateralized):
 
 
 
6.15% Notes June 15, 2018
—

 
500

9.8% Notes February 15, 2019
500

 
500

Notes at variable rates (2.69% at December 31, 2018) July 15, 2019
500

 
—

1.625% Notes October 7, 2019
500

 
500

2.4% Notes February 1, 2020
500

 
—

2.4% Notes March 15, 2020
500

 
500

2.85% Notes November 15, 2020
400

 
400

Notes at variable rates (2.94% at December 31, 2018) January 15, 2021(1)
700

 
—

Notes at variable rates (3.24% at December 31, 2018) March 15, 2021
850

 
850

2.875% Notes October 1, 2022
500

 
500

2.9% Notes February 1, 2023
500

 
—

4.05% Notes December 1, 2023
500

 
500

3.55% Notes June 15, 2024
500

 
500

3.75% Notes November 15, 2025
350

 
350

3.25% Notes June 15, 2027
750

 
750

3.4% Notes February 1, 2028
1,000

 
—

3.8% Notes February 1, 2038
1,000

 
—

6% Notes October 15, 2039
750

 
750

4% Notes February 1, 2048
800

 
—

Fair value adjustments for interest rate swaps, net
—

 
(1
)
Build-to-suit lease(2)
138

 
138

Sempra South American Utilities
 
 
 

Other long-term debt (uncollateralized):
 

 
 

Chilquinta Energía – 4.25% Series B Bonds October 30, 2030
186

 
205

Luz del Sur
 

 
 

Bank loans 4.3% to 5.7% payable 2017 through December 2021
105

 
53

Corporate bonds at 4.75% to 8.75% payable 2014 through September 2029
432

 
415

Other bonds at 3.77% to 4.61% payable 2020 through May 2022
4

 
6

Capital lease obligations
6

 
6

Sempra Mexico
 

 
 

Other long-term debt (uncollateralized unless otherwise noted):
 

 
 

Notes February 8, 2018 at variable rates (2.66% after floating-to-fixed rate cross-currency
 

 
 

swaps effective 2013)
—

 
66

6.3% Notes February 2, 2023 (4.12% after cross-currency swap)
198

 
198

Notes at variable rates (4.88% after floating-to-fixed rate swaps effective 2014),


 


payable 2016 through December 2026, collateralized by plant assets
275

 
314

3.75% Notes January 14, 2028
300

 
300

Bank loans including $246 at a weighted-average fixed rate of 6.67%, $164 at variable rates
 
 
 
(weighted-average rate of 6.33% after floating-to-fixed rate swaps effective 2014) and $37 at variable
 
 
 
rates (5.82% at December 31, 2018), payable 2016 through March 2032, collateralized by plant assets
447

 
468

4.875% Notes January 14, 2048
540

 
540

Loan at variables rates (6.07% at December 31, 2018) July 31, 2028
4

 
—

Sempra Renewables
 

 
 

Other long-term debt (collateralized by project assets):
 

 
 

Loan at variable rates (3.325% at December 31, 2017) payable 2012 through December 2028
 

 
 

except for $59 at 3.668% after floating-to-fixed rate swaps effective June 2012(1)
—

 
77

Sempra LNG & Midstream
 

 
 

Other long-term debt (uncollateralized):
 

 
 

Notes at 2.87% to 3.51% October 1, 2026(1)
21

 
20

 
13,756

 
9,405

Current portion of long-term debt
(1,589
)
 
(706
)
Unamortized discount on long-term debt
(38
)
 
(13
)
Unamortized premium on long-term debt
4

 
4

Unamortized debt issuance costs
(87
)
 
(65
)
Total other Sempra Energy
12,046

 
8,625

Total Sempra Energy Consolidated
$
21,611

 
$
16,445

(1) 
Callable long-term debt not subject to make-whole provisions.
(2) 
We discuss this lease in Notes 2 and 16.Sempra Energy
On January 12, 2018, we issued the following debt securities and received net proceeds of $4.9 billion (after deducting discounts and debt issuance costs of $68 million):
NOTES ISSUED IN LONG-TERM DEBT OFFERING
(Dollars in millions)
Title of each class of securities
Aggregate principal amount
 
Maturity
 
Interest payments
Notes at variable rates(1) due 2019
$
500

 
July 15, 2019
 
Quarterly
Notes at variable rates(2) due 2021
700

 
January 15, 2021
 
Quarterly
2.4% Notes due 2020
500

 
February 1, 2020
 
Semi-annually
2.9% Notes due 2023
500

 
February 1, 2023
 
Semi-annually
3.4% Notes due 2028
1,000

 
February 1, 2028
 
Semi-annually
3.8% Notes due 2038
1,000

 
February 1, 2038
 
Semi-annually
4% Notes due 2048
800

 
February 1, 2048
 
Semi-annually
(1) 
Bears interest at a rate per annum equal to the 3-month LIBOR rate, plus 25 bps.
(2) 
Bears interest at a rate per annum equal to the 3-month LIBOR rate, plus 50 bps.The following table shows the detail and maturities of long-term debt outstanding:
LONG-TERM DEBT
(Dollars in millions)
 
December 31,
 
2018
 
2017
 
 
 
 
6.15% Notes June 15, 2018
$
—

 
$
500

9.8% Notes February 15, 2019
500

 
500

Notes at variable rates (2.69% at December 31, 2018) July 15, 2019
500

 
—

1.625% Notes October 7, 2019
500

 
500

2.4% Notes February 1, 2020
500

 
—

2.4% Notes March 15, 2020
500

 
500

2.85% Notes November 15, 2020
400

 
400

Notes at variable rates (2.94% at December 31, 2018) January 15, 2021(1)
700

 
—

Notes at variable rates (3.24% at December 31, 2018) March 15, 2021
850

 
850

2.875% Notes October 1, 2022
500

 
500

2.9% Notes February 1, 2023
500

 
—

4.05% Notes December 1, 2023
500

 
500

3.55% Notes June 15, 2024
500

 
500

3.75% Notes November 15, 2025
350

 
350

3.25% Notes June 15, 2027
750

 
750

3.4% Notes February 1, 2028
1,000

 
—

3.8% Notes February 1, 2038
1,000

 
—

6% Notes October 15, 2039
750

 
750

4% Notes February 1, 2048
800

 
—

Fair value adjustments for interest rate swaps, net
—

 
(1
)
Build-to-suit lease
138

 
138

 
11,238

 
6,737

Current portion of long-term debt
(1,498
)
 
(500
)
Unamortized discount on long-term debt
(38
)
 
(13
)
Unamortized debt issuance costs
(55
)
 
(26
)
Total long-term debt
$
9,647

 
$
6,198
Schedule of Maturities of Long-term Debt
MATURITIES OF LONG-TERM DEBT(1)
(Dollars in millions)
 
SDG&E
 
SoCalGas
 
Other
Sempra
Energy
 
Total
Sempra
Energy
Consolidated
2019
$
64

 
$
—

 
$
1,590

 
$
1,654

2020
71

 
—

 
1,548

 
1,619

2021
425

 
—

 
1,700

 
2,125

2022
62

 
—

 
620

 
682

2023
500

 
—

 
1,321

 
1,821

Thereafter
3,874

 
3,459

 
6,833

 
14,166

Total
$
4,996

 
$
3,459

 
$
13,612

 
$
22,067

(1) 
Excludes capital lease obligations, build-to-suit lease, fair value adjustments for interest rate swaps, discounts, premiums and debt issuance costs.
Schedule Of Callable Long Term Debt At the option of Sempra Energy, SDG&E and SoCalGas, certain debt at December 31, 2018 is callable subject to premiums:
CALLABLE LONG-TERM DEBT
(Dollars in millions)
 
SDG&E
 
SoCalGas
 
Other
Sempra
Energy
 
Total
Sempra
Energy
Consolidated
Not subject to make-whole provisions
$
251

 
$
4

 
$
721

 
$
976

Subject to make-whole provisions
4,525

 
3,455

 
10,274

 
18,254