DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2023


COMMITTED LINES OF CREDIT
(Dollars in millions)
		December 31, 2023
Borrower	Expiration date of facility	Total facility		Commercial paper outstanding		Amounts outstanding		Letters of credit outstanding		Available unused credit
Sempra	October 2028	$	4,000	$	(366)	$	—	$	—	$	3,634
SDG&E	October 2028	1,500		—		—		—		1,500
SoCalGas	October 2028	1,200		(947)		—		—		253
SI Partners and IEnova	September 2025	500		—		(425)		—		75
SI Partners and IEnova	August 2026	1,000		—		—		—		1,000
SI Partners and IEnova	August 2028	1,500		—		(546)		—		954
Port Arthur LNG	March 2030	200		—		—		(25)		175
Total		$	9,900	$	(1,313)	$	(971)	$	(25)	$	7,591


UNCOMMITTED LETTERS OF CREDIT OUTSTANDING
(Dollars in millions)
	Expiration date range	December 31, 2023
SDG&E	January 2024 - November 2024	$	25
SoCalGas	March 2024 - November 2024	20
Other Sempra	January 2024 - October 2043	468
Total Sempra		$	513

The weighted-average interest rates on all short-term debt were as follows:


WEIGHTED-AVERAGE INTEREST RATES

	December 31,
	2023		2022
Sempra	5.96	%	5.57	%
SDG&E	—		4.76
SoCalGas	5.44		4.71

Schedule Of Long-term Debt

The following tables show the detail and maturities of long-term debt outstanding.


LONG-TERM DEBT AND FINANCE LEASES
(Dollars in millions)
	December 31,
	2023		2022
SDG&E:
First mortgage bonds (collateralized by plant assets):
3.6% September 1, 2023	$	—	$	450
2.5% May 15, 2026	500		500
6% June 1, 2026	250		250
4.95% August 15, 2028	600		—
1.7% October 1, 2030	800		800
3% March 15, 2032	500		500
5.35% May 15, 2035	250		250
6.125% September 15, 2037	250		250
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		400
4.1% June 15, 2049	400		400
3.32% April 15, 2050	400		400
2.95% August 15, 2051	750		750
3.7% March 15, 2052	500		500
5.35% April 1, 2053	800		—
	8,350		7,400
Other long-term debt (uncollateralized):
Notes at variable rates (5.99% at December 31, 2023) February 18, 2024(1)	400		400
Finance lease obligations:
Power purchase agreements	1,166		1,194
Other	67		62
	1,633		1,656
	9,983		9,056
Current portion of long-term debt and finance leases	(441)		(489)
Unamortized discount on long-term debt	(29)		(20)
Unamortized debt issuance costs	(60)		(50)
Total SDG&E	$	9,453	$	8,497

(1) Callable long-term debt not subject to make-whole provisions.


LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
	December 31,
	2023		2022
SoCalGas:
First mortgage bonds (collateralized by plant assets):
3.15% September 15, 2024	$	500	$	500
3.2% June 15, 2025	350		350
2.6% June 15, 2026	500		500
2.55% February 1, 2030	650		650
5.20% June 1, 2033	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		400
4.3% January 15, 2049	550		550
3.95% February 15, 2050	350		350
6.35% November 15, 2052	600		600
5.75% June 1, 2053	500		—
	6,050		5,050
Other long-term debt (uncollateralized):
Notes at variable rates (5.10% at December 31, 2022) September 14, 2023(1)	—		300
1.875% Notes May 14, 2026(1)	4		4
2.95% Notes April 15, 2027	700		700
5.67% Notes January 18, 2028(2)	5		5
Finance lease obligations	107		87
	816		1,096
	6,866		6,146
Current portion of long-term debt and finance leases	(523)		(318)
Unamortized discount on long-term debt	(13)		(12)
Unamortized debt issuance costs	(42)		(36)
Total SoCalGas	$	6,288	$	5,780

(1) Callable long-term debt not subject to make-whole provisions.

(2) Debt is not callable.


LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
	December 31,
	2023		2022
Other Sempra:
Sempra - Other long-term debt (uncollateralized):
3.3% Notes April 1, 2025	$	750	$	750
5.40% Notes August 1, 2026	550		—
3.25% Notes June 15, 2027	750		750
3.4% Notes February 1, 2028	1,000		1,000
3.7% Notes April 1, 2029	500		500
5.50% Notes August 1, 2033	700		—
3.8% Notes February 1, 2038	1,000		1,000
6% Notes October 15, 2039	750		750
4% Notes February 1, 2048	800		800
4.125% Junior Subordinated Notes April 1, 2052(1)	1,000		1,000
5.75% Junior Subordinated Notes July 1, 2079(1)	758		758
	8,558		7,308
Sempra Infrastructure - Other long-term debt (uncollateralized unless otherwise noted):
6.3% Notes (4.12% after cross-currency swap effective 2013) February 2, 2023	—		201
Loan at variable rates (8.31% at December 31, 2023) December 9, 2025	832		575
3.75% Notes January 14, 2028	300		300
Loan including $200 at variable rates (5.33% after floating-to-fixed rate swaps effective 2023) and $58 at variable rates (weighted-average rate of 7.37% at December 31, 2023) March 20, 2030, collateralized by plant assets(1)	258		—
3.25% Notes January 15, 2032	400		400
Loan at variable rates (4.03% after floating-to-fixed rate swap effective 2019) payable June 15, 2022 through November 19, 2034(1)	96		98
Loan at variable rates (4.03% after floating-to-fixed rate swap effective 2019) payable June 15, 2022 through November 19, 2034(1)	96		98
Loan at variable rates (2.38% after floating-to-fixed rate swap effective 2020) payable June 15, 2022 through November 19, 2034(1)	96		98
2.9% Loan payable June 15, 2022 through November 19, 2034(1)	231		236
4.875% Notes January 14, 2048	540		540
4.75% Notes January 15, 2051	800		800
	3,649		3,346
	12,207		10,654
Current portion of long-term debt	(11)		(212)
Unamortized discount on long-term debt	(66)		(62)
Unamortized debt issuance costs	(112)		(109)
Total Other Sempra	12,018		10,271
Total Sempra	$	27,759	$	24,548

(1) Callable long-term debt not subject to make-whole provisions.

The following table shows the detail and maturities of uncollateralized long-term debt outstanding.


LONG-TERM DEBT
(Dollars in millions)
	December 31,
	2023		2022
3.3% Notes April 1, 2025	$	750	$	750
5.40% Notes August 1, 2026	550		—
3.25% Notes June 15, 2027	750		750
3.4% Notes February 1, 2028	1,000		1,000
3.7% Notes April 1, 2029	500		500
5.50% Notes August 1, 2033	700		—
3.8% Notes February 1, 2038	1,000		1,000
6% Notes October 15, 2039	750		750
4% Notes February 1, 2048	800		800
4.125% Junior Subordinated Notes April 1, 2052(1)	1,000		1,000
5.75% Junior Subordinated Notes July 1, 2079(1)	758		758
	8,558		7,308
Unamortized discount on long-term debt	(29)		(28)
Unamortized debt issuance costs	(68)		(65)
Total long-term debt	$	8,461	$	7,215

(1) Callable long-term debt not subject to make-whole provisions.

Schedule of Maturities of Long-term Debt

At December 31, 2023, scheduled maturities of long-term debt are as follows:


MATURITIES OF LONG-TERM DEBT(1)
(Dollars in millions)
	SDG&E		SoCalGas		Other Sempra		Total Sempra
2024	$	400	$	500	$	11	$	911
2025	—		350		1,651		2,001
2026	750		504		600		1,854
2027	—		700		799		1,499
2028	600		5		1,349		1,954
Thereafter	7,000		4,700		7,797		19,497
Total	$	8,750	$	6,759	$	12,207	$	27,716

(1) Excludes finance lease obligations, discounts, and debt issuance costs.

Schedule Of Callable Long Term Debt

At the option of Sempra, SDG&E and SoCalGas, certain debt at December 31, 2023 is callable subject to premiums:


CALLABLE LONG-TERM DEBT
(Dollars in millions)
	SDG&E		SoCalGas		Other Sempra		Total Sempra
Not subject to make-whole provisions	$	400	$	4	$	2,535	$	2,939
Subject to make-whole provisions	8,350		6,750		9,672		24,772