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SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We have five separately managed reportable segments, as follows:
SDG&E provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County.
SoCalGas is a natural gas distribution utility, serving customers throughout most of Southern California and part of central California.
Sempra Texas Utilities holds our investment in Oncor Holdings, which owns an 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, and western and panhandle regions of Texas; and our indirect, 50% interest in Sharyland Holdings, which owns Sharyland Utilities L.L.C., a regulated electric transmission and distribution utility serving customers near the Texas-Mexico border. As we discuss in Note 5 of the Notes to Consolidated Financial Statements in the Annual Report, we acquired our investment in Sharyland Holdings in May 2019.
Sempra Mexico develops, owns and operates, or holds interests in, natural gas, electric, LNG, LPG, ethane and liquid fuels infrastructure, and has marketing operations for the purchase of LNG and the purchase and sale of natural gas in Mexico.
Sempra LNG develops projects for the export of LNG, holds an interest in a facility for the export of LNG, owns and operates natural gas pipelines, and buys, sells and transports natural gas through its marketing operations, all within the U.S. and Mexico. In February 2019, we completed the sale of our natural gas storage assets at Mississippi Hub and Bay Gas.
In April 2019, Sempra Renewables completed the sale of its remaining wind assets and investments. Upon completion of this sale, remaining nominal business activities at Sempra Renewables were subsumed into Parent and other and the Sempra Renewables segment ceased to exist. The tables below include amounts from Sempra Renewables up until cessation of the segment.
As we discuss in Note 5, the financial information related to our businesses that constituted the Sempra South American Utilities segment is presented as discontinued operations for all periods presented. The information in the tables below excludes amounts from discontinued operations unless otherwise noted. We completed the sales of our discontinued operations in the second quarter of 2020.
We evaluate each segment’s performance based on its contribution to Sempra Energy’s reported earnings and cash flows. The California Utilities operate in essentially separate service territories, under separate regulatory frameworks and rate structures set by the CPUC and the FERC. We describe the accounting policies of all of our segments in Note 1 of the Notes to Consolidated Financial Statements in the Annual Report.
The cost of common services shared by the business segments is assigned directly or allocated based on various cost factors, depending on the nature of the service provided. Interest income and expense is recorded on intercompany loans. The loan balances and related interest are eliminated in consolidation.
The following tables show selected information by segment from our Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. Amounts labeled as “All other” in the following tables consist primarily of activities of parent organizations and include certain nominal amounts from our South American businesses that did not qualify for treatment as discontinued operations.
SEGMENT INFORMATION   
(Dollars in millions)   
 Three months ended September 30,Nine months ended September 30,
 2020201920202019
REVENUES    
SDG&E$1,472 $1,427 $3,976 $3,666 
SoCalGas842 975 3,247 3,142 
Sempra Mexico351 357 935 1,058 
Sempra Renewables— — — 10 
Sempra LNG 63 100 255 327 
All other— 
Adjustments and eliminations(2)— (3)
Intersegment revenues(1)
(86)(100)(215)(315)
Total$2,644 $2,758 $8,199 $7,886 
INTEREST EXPENSE    
SDG&E$103 $106 $307 $311 
SoCalGas39 36 119 104 
Sempra Mexico31 30 95 89 
Sempra Renewables— — — 
Sempra LNG11 39 18 
All other93 117 304 336 
Intercompany eliminations(10)(21)(46)(64)
Total$264 $279 $818 $797 
INTEREST INCOME    
SDG&E$$$$
SoCalGas— — 
Sempra Mexico14 20 47 58 
Sempra Renewables— — — 11 
Sempra LNG25 15 65 45 
All other— 
Intercompany eliminations(13)(15)(43)(56)
Total$27 $22 $76 $64 
DEPRECIATION AND AMORTIZATION  
SDG&E$200 $196 $598 $571 
SoCalGas165 154 486 449 
Sempra Mexico47 46 141 136 
Sempra LNG
All other10 11 
Total$418 $402 $1,242 $1,174 
INCOME TAX EXPENSE (BENEFIT)   
SDG&E$33 $71 $161 $111 
SoCalGas(6)35 95 50 
Sempra Mexico92 — (161)116 
Sempra Renewables— — — 
Sempra LNG 18 (2)59 
All other(38)(43)(94)(135)
Total$99 $61 $60 $150 
EQUITY EARNINGS (LOSSES)    
Equity earnings (losses), before income tax:    
Sempra Texas Utilities$$— $$
Sempra Renewables— — — 
Sempra LNG 116 17 257 19 
All other— — (100)(1)
117 17 158 24 
Equity earnings, net of income tax:   
Sempra Texas Utilities208 212 457 418 
Sempra Mexico37 207 43 
209 249 664 461 
Total$326 $266 $822 $485 
SEGMENT INFORMATION (CONTINUED)
(Dollars in millions)
Three months ended September 30,Nine months ended
September 30,
2020201920202019
EARNINGS (LOSSES) ATTRIBUTABLE TO COMMON SHARES   
SDG&E$178 $263 $633 $582 
SoCalGas(24)143 425 437 
Sempra Texas Utilities209 212 458 419 
Sempra Mexico50 84 302 214 
Sempra Renewables— — — 59 
Sempra LNG 71 207 13 
Discontinued operations(7)248 1,840 267 
All other(126)(139)(515)(383)
Total$351 $813 $3,350 $1,608 
EXPENDITURES FOR PROPERTY, PLANT & EQUIPMENT  
SDG&E$1,323 $1,071 
SoCalGas1,345 1,019 
Sempra Mexico443 420 
Sempra Renewables— 
Sempra LNG 196 74 
All other
Total$3,313 $2,590 
September 30,
2020
December 31,
2019
ASSETS
SDG&E$22,421 $20,560 
SoCalGas17,943 17,077 
Sempra Texas Utilities12,063 11,619 
Sempra Mexico10,730 9,938 
Sempra LNG 3,643 3,901 
Discontinued operations— 3,958 
All other2,398 749 
Intersegment receivables(1,976)(2,137)
Total$67,222 $65,665 
EQUITY METHOD AND OTHER INVESTMENTS
Sempra Texas Utilities$12,063 $11,619 
Sempra Mexico920 741 
Sempra LNG433 1,256 
All other
Total$13,417 $13,622 
(1)    Revenues for reportable segments include intersegment revenues of $1 million, $23 million, $12 million and $50 million for the three months ended September 30, 2020; $4 million, $61 million, $69 million and $81 million for the nine months ended September 30, 2020; $1 million, $16 million, $29 million and $54 million for the three months ended September 30, 2019; and $4 million, $50 million, $89 million and $172 million for the nine months ended September 30, 2019 for SDG&E, SoCalGas, Sempra Mexico and Sempra LNG, respectively.