2015 Statistical Report Unaudited Supplement to the Financial Report

2015 Statistical Report Unaudited Supplement to the Financial Report

2015 Statistical Report Unaudited Supplement to the 2015 Financial Report Sempra Energy is a San Diego-based Fortune 500 energy services holding company with 2015 revenues of more than $10 billion. The Sempra Energy companies approximately 17,000 employees serve more than 32 million consumers worldwide. The company develops energy infrastructure, operates utilities and provides energy-related services to customers around the world. Sempra Energy common shares trade on the New York Stock Exchange (NYSE) under the symbol SRE. Additional information is available on the web at www.sempra.com. Shareholder Services Investors with general questions regarding Sempra Energy, San Diego Gas & Electric Company or Southern California Gas Company securities should contact the company at: Sempra Energy Shareholder Services 488 8th Avenue San Diego, CA 92101-7123 Telephone: (877) 736-7727 Fax: (619) 696-1868 Email: investor@sempra.com Internet: www.sempra.com Investor Relations Security analysts, portfolio managers and other members of the financial community should contact: Kendall Helm Director - Investor Relations Telephone: 619-696-2901 Sempra Energy Common Stock: Ticker Symbol: SRE New York Stock Exchange Southern California Gas Co. Preferred Stock: SoCalGas preferred stock is not listed on any exchange and trades over-the-counter.

Table of Contents Sempra Energy Selected Financial Data 2013-2015... 2 Consolidated Statements of Operations... 3 Consolidated Balance Sheets... 4 Consolidated Statements of Cash Flows... 6 Consolidated Statements of Comprehensive Income (Loss) and Changes in Equity... 8 Segment Earnings and Capital Expenditures and Investments... 10 Schedule of Capitalization... 11 Schedule of Coverage Ratios and Common Stock... 12 Schedule of Long-Term Debt.......13 Reconciliation of Sempra Energy Earnings to Sempra Energy Adjusted Earnings.......15 San Diego Gas & Electric Company (SDG&E ) Selected Financial Data and Comparative Statistics 2013-2015... 17 Consolidated Statements of Operations... 19 Consolidated Balance Sheets... 20 Consolidated Statements of Cash Flows... 22 Southern California Gas Company (SoCalGas ) Selected Financial Data and Comparative Statistics 2013-2015... 24 Consolidated Statements of Operations... 25 Consolidated Balance Sheets... 26 Consolidated Statements of Cash Flows... 28 Sempra International Selected Financial Data and Comparative Statistics 2013-2015... 29 Sempra South American Utilities Consolidated Statements of Operations... 30 Consolidated Balance Sheets... 31 Consolidated Statements of Cash Flows... 32 Sempra Mexico Consolidated Statements of Operations... 33 Consolidated Balance Sheets... 34 Consolidated Statements of Cash Flows... 35 Sempra U.S. Gas & Power Selected Financial Data and Comparative Statistics 2013-2015... 36 Sempra Renewables Consolidated Statements of Operations... 37 Consolidated Balance Sheets... 38 Consolidated Statements of Cash Flows... 39 Sempra Natural Gas Consolidated Statements of Operations... 40 Consolidated Balance Sheets... 41 Consolidated Statements of Cash Flows... 42 Shareholder Information and Research Coverage... 43

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Selected Financial Data 2013-2015 At December 31 or for the years then ended (In millions, except per share amounts) 2015 2014 2013 Revenues Utilities: Electric $ 5,158 $ 5,209 $ 4,911 Natural gas 4,096 4,549 4,398 Energy-related businesses 977 1,277 1,248 Total revenues $ 10,231 $ 11,035 $ 10,557 Income from continuing operations Earnings from continuing operations attributable to noncontrolling interests Call premium on preferred stock of subsidiary Preferred dividends of subsidiaries Earnings/Income from continuing operations attributable to common shares Attributable to common shares: Earnings/Income from continuing operations Basic Diluted Adjusted earnings (1) Adjusted earnings per share, diluted (1) Weighted-average number of common shares outstanding (diluted, in millions) Dividends declared per common share Return on common equity Effective income tax rate Price range of common shares At December 31, Total assets (2) Long-term debt (excludes current portion) (2)(3) Short-term debt (4) Sempra Energy shareholders' equity Common shares outstanding Book value per common share $ 1,448 $ 1,262 $ 1,088 (98) (100) (79) (3) (1) (1) (5) $ 1,349 $ 1,161 $ 1,001 $ 5.43 $ 4.72 $ 4.10 $ 5.37 $ 4.63 $ 4.01 $ 1,308 $ 1,182 $ 1,043 $ 5.21 $ 4.71 $ 4.18 250.9 250.7 249.3 $ 2.80 $ 2.64 $ 2.52 11.7% 10.4% 9.4% 20% 20% 26% $ 116.21- $ 116.30- $ 93.00-89.44 86.73 70.61 $ 41,150 $ 39,651 $ 37,165 $ 13,134 $ 12,086 $ 11,174 $ 1,529 $ 2,202 $ 1,692 $ 11,809 $ 11,326 $ 11,008 248.3 246.3 244.5 $ 47.56 $ 45.98 $ 45.03 (1) Please refer to page 15 for an explanation of these non-gaap measures. (2) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." (3) Includes capital lease obligations. (4) Includes long-term debt due within one year and current portion of capital lease obligations. 2

Consolidated Statements of Operations Years ended December 31, (Dollars in millions, except per share amounts) 2015 2014 2013 Revenues Utilities $ 9,254 $ 9,758 $ 9,309 Energy-related businesses 977 1,277 1,248 Total revenues 10,231 11,035 10,557 Expenses and Other Income Utilities: Cost of natural gas (1,134) (1,758) (1,646) Cost of electric fuel and purchased power (2,136) (2,281) (1,932) Energy-related businesses: Cost of natural gas, electric fuel and purchased power (335) (552) (435) Other cost of sales (148) (163) (178) Operation and maintenance (2,895) (2,935) (2,995) Depreciation and amortization (1,250) (1,156) (1,113) Franchise fees and other taxes (423) (408) (374) Plant closure adjustment (loss) 26 (6) (200) Gain on sale of equity interests and assets 70 62 114 Equity earnings, before income tax 104 81 31 Other income, net 126 137 140 Interest income 29 22 20 Interest expense (561) (554) (559) Income before income taxes and equity earnings of certain unconsolidated subsidiaries 1,704 1,524 1,430 Income tax expense Equity earnings, net of income tax Net income Earnings attributable to noncontrolling interests Call premium on preferred stock of subsidiary Preferred dividends of subsidiaries Earnings (341) (300) (366) 85 38 24 1,448 1,262 1,088 (98) (100) (79) (3) (1) (1) (5) $ 1,349 $ 1,161 $ 1,001 Basic earnings per common share Weighted-average number of shares outstanding, basic (thousands) Diluted earnings per common share Weighted-average number of shares outstanding, diluted (thousands) Dividends declared per share of common stock $ 5.43 $ 4.72 $ 4.10 248,249 245,891 243,863 $ 5.37 $ 4.63 $ 4.01 250,923 250,655 249,332 $ 2.80 $ 2.64 $ 2.52 3

Consolidated Balance Sheets December 31, Assets Current assets: 2015 2014 (1) 2013 (1) Cash and cash equivalents $ 403 $ 570 $ 904 Restricted cash 27 11 24 Trade accounts receivable, net 1,283 1,242 1,308 Other accounts receivable, net 190 152 214 Due from unconsolidated affiliates 6 38 4 Income taxes receivable 30 45 85 Deferred income taxes 305 301 Inventories 298 396 287 Regulatory balancing accounts undercollected 307 746 556 Fixed-price contracts and other derivatives 80 93 106 Assets held for sale, power plant 293 Other 267 293 208 Total current assets 2,891 4,184 3,997 Investments and other assets: Restricted cash 20 29 25 Due from unconsolidated affiliates 186 188 14 Deferred taxes recoverable in rates 1,277 1,042 906 Regulatory assets arising from pension and other postretirement benefit plan obligations 889 797 435 Regulatory assets arising from wildfire litigation costs 362 373 330 Regulatory asset arising from plant closure 215 308 303 Regulatory balancing accounts undercollected 215 173 213 Other regulatory assets 315 338 361 Nuclear decommissioning trusts 1,063 1,131 1,034 Investments 2,905 2,848 1,575 Goodwill 819 931 1,024 Other intangible assets 404 415 426 Dedicated assets in support of certain benefit plans 464 512 506 Insurance receivable for Aliso Canyon costs 325 Sundry 761 480 556 Total investments and other assets 10,220 9,565 7,708 Property, plant and equipment: Property, plant and equipment 38,200 35,407 34,407 Less accumulated depreciation and amortization (10,161) (9,505) (8,947) Property, plant and equipment, net 28,039 25,902 25,460 Total assets $ 41,150 $ 39,651 $ 37,165 (1) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs". 4

Consolidated Balance Sheets (continued) December 31, Liabilities and Equity Current liabilities: 2015 2014 (1) 2013 (1) Short-term debt $ 622 $ 1,733 $ 545 Accounts payable trade 1,133 1,198 1,088 Accounts payable other 142 155 127 Due to unconsolidated affiliates 14 2 Dividends and interest payable 303 282 271 Accrued compensation and benefits 423 373 376 Regulatory balancing accounts overcollected 34 91 Current portion of long-term debt 907 469 1,147 Fixed-price contracts and other derivatives 56 55 55 Customer deposits 153 153 154 Reserve for Aliso Canyon costs 274 Other 551 649 515 Total current liabilities 4,612 5,069 4,369 Long-term debt 13,134 12,086 11,174 Deferred credits and other liabilities: Customer advances for construction 149 144 155 Pension and other postretirement benefit plan obligations, net of plan assets 1,152 1,064 667 Deferred income taxes 3,157 3,003 2,804 Deferred investment tax credits 32 37 42 Regulatory liabilities arising from removal obligations 2,793 2,741 2,623 Asset retirement obligations 2,126 2,048 2,084 Fixed-price contracts and other derivatives 240 255 228 Deferred credits and other 1,176 1,104 1,169 Total deferred credits and other liabilities 10,825 10,396 9,772 Equity: Preferred stock Common stock 2,621 2,484 2,409 Retained earnings 9,994 9,339 8,827 Accumulated other comprehensive income (loss) (806) (497) (228) Total Sempra Energy shareholders' equity 11,809 11,326 11,008 Preferred stock of subsidiary 20 20 20 Other noncontrolling interests 750 754 822 Total equity 12,579 12,100 11,850 Total liabilities and equity $ 41,150 $ 39,651 $ 37,165 (1) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." 5

Consolidated Statements of Cash Flows Years ended December 31, 2015 2014 2013 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Deferred income taxes and investment tax credits Gain on sale of equity interests and assets Plant closure (adjustment) loss Equity earnings Fixed-price contracts and other derivatives Other Net change in other working capital components Insurance receivable for Aliso Canyon costs Changes in other assets Changes in other liabilities Net cash provided by operating activities Cash Flows from Investing Activities Expenditures for property, plant and equipment Expenditures for investments and acquisition of businesses Proceeds from sale of equity interests and assets, net of cash sold Proceeds from U.S. Treasury grants Distributions from investments Proceeds from sales by nuclear decommissioning and other trusts Purchases of nuclear decommissioning and other trust assets Increases in restricted cash Decreases in restricted cash Advances to unconsolidated affiliates Repayments of advances to unconsolidated affiliates Other Net cash used in investing activities Cash Flows from Financing Activities Common dividends paid Redemption of preferred stock of subsidiary Preferred dividends paid by subsidiaries Issuances of common stock Repurchases of common stock Issuances of debt (maturities greater than 90 days) Payments on debt (maturities greater than 90 days) Proceeds from sale of noncontrolling interests, net of $25 in offering costs (Decrease) increase in short-term debt, net Purchase of noncontrolling interests Net distributions to noncontrolling interests Tax benefit related to share-based compensation Other Net cash (used in) provided by financing activities Effect of exchange rate changes on cash and cash equivalents (Decrease) increase in cash and cash equivalents Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 6 $ 1,448 $ 1,262 $ 1,088 1,250 1,156 1,113 239 146 334 (70) (62) (114) (26) 6 200 (189) (119) (55) (10) (25) (21) 75 108 13 699 (375) (620) (325) (162) 19 (171) (24) 45 17 2,905 2,161 1,784 (3,156) (3,123) (2,572) (200) (240) (22) 373 149 570 238 15 13 152 577 601 695 (531) (613) (697) (100) (152) (356) 93 155 329 (31) (185) (14) 74 18 1 35 (12) (2,885) (3,342) (1,689) (628) (598) (606) (82) (1) (1) (5) 52 56 62 (74) (38) (45) 2,992 3,272 2,081 (1,854) (2,034) (1,788) 574 (622) 412 256 (74) (73) (104) (69) 52 (17) (37) (40) (173) 854 338 (14) (7) (4) (167) (334) 429 570 904 475 $ 403 $ 570 $ 904

Consolidated Statements of Cash Flows (continued) Years ended December 31, 2015 2014 2013 Changes in Other Working Capital Components (Excluding cash and cash equivalents, and debt due within one year) Accounts receivable Income taxes receivable, net Inventories Regulatory balancing accounts Regulatory assets and liabilities Other current assets Accounts payable Reserve for Aliso Canyon costs Other current liabilities Net change in other working capital components Supplemental Disclosure of Cash Flow Information Interest payments, net of amounts capitalized Income tax payments, net of refunds $ (99) $ 44 $ (273) 39 62 (38) 65 (133) 116 586 (317) (198) (4) 8 1 (18) (10) 15 (157) 109 (28) 274 13 (138) (215) $ 699 $ (375) $ (620) $ 537 $ 536 $ 544 67 102 120 7

Consolidated Statements of Comprehensive Income (Loss) and Changes in Equity Balance at December 31, 2012 Net income Other comprehensive income (loss): Foreign currency translation adjustments Financial instruments Pension and other postretirement benefits Comprehensive income Share-based compensation expense Common stock dividends declared Preferred dividends of subsidiaries Issuances of common stock Repurchases of common stock Sale of noncontrolling interests, net of offering costs Distributions to noncontrolling interests Call premium on preferred stock of subsidiary Balance at December 31, 2013 Net income Other comprehensive income (loss): Foreign currency translation adjustments Financial instruments Pension and other postretirement benefits Comprehensive income Share-based compensation expense Common stock dividends declared Preferred dividends of subsidiary Issuances of common stock Repurchases of common stock Distributions to noncontrolling interests Equity contributed by noncontrolling interests Purchase of noncontrolling interests in subsidiary Balance at December 31, 2014 Years ended December 31, 2015, 2014 and 2013 Accumulated Sempra other Energy Non- Common Retained comprehensive shareholders' controlling Total stock earnings income (loss) equity interests equity $ 2,217 $ 8,441 $ (376) $ 10,282 $ 401 $ 10,683 1,009 1,009 79 1,088 111 111 (27) 84 9 9 19 28 28 28 28 148 1,157 71 1,228 40 40 40 (615) (615) (615) (5) (5) (5) 62 62 62 (45) (45) (45) 135 135 439 574 (69) (69) (3) (3) (3) 2,409 8,827 (228) 11,008 842 11,850 1,162 1,162 100 1,262 (193) (193) (20) (213) (64) (64) (1) (65) (12) (12) (12) (269) 893 79 972 48 48 48 (649) (649) (649) (1) (1) (1) 97 97 97 (38) (38) (38) (107) (107) 1 1 (32) (32) (41) (73) $ 2,484 $ 9,339 $ (497) $ 11,326 $ 774 $ 12,100 8

Consolidated Statements of Comprehensive Income (Loss) and Changes in Equity (continued) Balance at December 31, 2014 Net income Other comprehensive income (loss): Foreign currency translation adjustments Financial instruments Pension and other postretirement benefits Comprehensive income Share-based compensation expense Common stock dividends declared Preferred dividends of subsidiary Issuances of common stock Repurchases of common stock Tax benefit related to share-based compensation Distributions to noncontrolling interests Equity contributed by noncontrolling interests Balance at December 31, 2015 Years ended December 31, 2015, 2014 and 2013 Accumulated Sempra other Energy Non- Common Retained comprehensive shareholders' controlling Total stock earnings income (loss) equity interests equity $ 2,484 $ 9,339 $ (497) $ 11,326 $ 774 $ 12,100 1,350 1,350 98 1,448 (260) (260) (30) (290) (47) (47) 5 (42) (2) (2) (2) (309) 1,041 73 1,114 52 52 52 (694) (694) (694) (1) (1) (1) 107 107 107 (74) (74) (74) 52 52 52 (80) (80) 3 3 $ 2,621 $ 9,994 $ (806) $ 11,809 $ 770 $ 12,579 9

Segment Earnings and Capital Expenditures and Investments Years ended December 31, 2015 2014 2013 Earnings (Losses) California Utilities: San Diego Gas & Electric (1) $ 587 $ 507 $ 404 Southern California Gas (2) 419 332 364 Sempra International: Sempra South American Utilities 175 172 153 Sempra Mexico 213 192 122 Sempra U.S. Gas & Power: Sempra Renewables 63 81 62 Sempra Natural Gas 44 50 64 Parent and Other (152) (173) (168) Earnings $ 1,349 $ 1,161 $ 1,001 Capital Expenditures and Investments California Utilities: San Diego Gas & Electric $ 1,133 $ 1,100 $ 978 Southern California Gas 1,352 1,104 762 Sempra International: Sempra South American Utilities 154 174 200 Sempra Mexico 302 325 371 Sempra U.S. Gas & Power: Sempra Renewables 105 404 193 Sempra Natural Gas 260 230 87 Parent and Other 50 26 3 Consolidated Capital Expenditures and Investments $ 3,356 $ 3,363 $ 2,594 (1) For 2013, amount is after preferred dividends and call premium on preferred stock. (2) After preferred dividends. 10

Schedule of Capitalization December 31, Capitalization 2015 2014 2013 Short-term debt $ 622 2.3 % $ 1,733 6.5 % $ 545 2.2 % Current portion of long-term debt 907 3.3 469 1.8 1,147 4.7 Long-term debt 13,134 48.2 12,086 45.8 11,174 45.2 Total debt 14,663 53.8 14,288 54.1 12,866 52.1 Equity: Common stock 2,621 9.6 2,484 9.4 2,409 9.7 Retained earnings 9,994 36.7 9,339 35.4 8,827 35.7 Accumulated other comprehensive income (loss) (806) (3.0) (497) (1.9) (228) (0.9) Total Sempra Energy shareholders' equity 11,809 43.3 11,326 42.9 11,008 44.5 Preferred stock of subsidiary 20 0.1 20 0.1 20 0.1 Other noncontrolling interests 750 2.8 754 2.9 822 3.3 Total equity 12,579 46.2 12,100 45.9 11,850 47.9 Total capitalization $ 27,242 100.0 % $ 26,388 100.0 % $ 24,716 100.0 % 11

Schedule of Coverage Ratios and Common Stock Years ended December 31, 2015 2014 2013 Interest coverage ratios (1) Before income taxes 4.19 3.82 3.60 After income taxes 3.58 3.28 2.95 Market price of common stock High $ 116.21 $ 116.30 $ 93.00 Low $ 89.44 $ 86.73 $ 70.61 Close $ 94.01 $ 111.36 $ 89.76 Dividends declared per common share $ 2.80 $ 2.64 $ 2.52 Dividend yield on common stock (at December 31) 3.0% 2.4% 2.8% Dividend payout ratio (diluted) 52.1% 57.0% 62.8% Book value at December 31 $ 47.56 $ 45.98 $ 45.03 Return on common equity 11.7% 10.4% 9.4% Ratio of market price to book value per share at December 31 1.98 2.42 1.99 Common shares outstanding at December 31 (millions) 248.3 246.3 244.5 Weighted average number of shares outstanding (diluted, in millions) 250.9 250.7 249.3 Average daily trading volume (shares) 1,171,375 1,116,535 1,057,314 Common shareholders at December 31 (estimate) 210,000 205,000 230,000 (1) Excludes interest expense. 12

Schedule of Long-Term Debt Outstanding at 12/31/15 Redemption prices (at 12/31/15 unless otherwise noted) SDG&E First mortgage bonds (secured by plant assets): Bonds at variable rates (0.68% at December 31, 2015) March 9, 2017 $ 140 1.65% July 1, 2018 (1) 161 100.00% 3% August 15, 2021 350 1.914% payable 2015 through February 2022 232 3.6% September 1, 2023 450 6% June 1, 2026 250 5% payable 2015 through December 2027 (1) 105 102% 5.875% January and February 2034 (1) 176 100% at 06/01/19 5.35% May 15, 2035 250 6.125% September 15, 2037 250 4% May 1, 2039 (1) 75 100% at 09/13/17 6% June 1, 2039 300 5.35% May 15, 2040 250 4.5% August 15, 2040 500 3.95% November 15, 2041 250 4.3% April 1, 2042 250 Other long-term debt: 5.2925% OMEC LLC loan payable 2013 through April 2019 (secured by OMEC plant assets) 315 Capital lease obligations: Purchased-power agreements 243 Other 1 SoCalGas First mortgage bonds (secured by plant assets): 5.45% April 15, 2018 250 1.55% June 15, 2018 250 3.15% September 15, 2024 500 3.2% June 15, 2025 350 5.75% November 15, 2035 250 5.125% November 15, 2040 300 3.75% September 15, 2042 350 4.45% March 15, 2044 250 Other long-term debt (unsecured): 4.75% Notes May 14, 2016 (1) 8 100% (2) at 05/14/16 5.67% Notes January 18, 2028 5 Capital lease obligations 1 Sempra Energy Other long-term debt (unsecured): 6.5% Notes June 1, 2016, including $300 at variable rates after fixed-to-floating rate swaps effective January 2011 (4.77% at December 31, 2015) 750 2.3% Notes April 1, 2017 600 6.15% Notes June 15, 2018 500 9.8% Notes February 15, 2019 500 2.4% Notes March 15, 2020 500 2.85% Notes November 15, 2020 400 2.875% Notes October 1, 2022 500 4.05% Notes December 1, 2023 500 3.55% Notes June 15, 2024 500 3.75% Notes November 15, 2025 350 6% Notes October 15, 2039 750 Market value adjustments for interest rate swaps, net (2) Build-to-suit lease 136 13

Schedule of Long-Term Debt (continued) Outstanding at 12/31/15 Redemption prices (at 12/31/15 unless otherwise noted) Sempra South American Utilities (3) Other long-term debt (unsecured): Chilquinta Energía 4.25% Series B Bonds payable 2014 through October 30, 2030 (1) 170 100.00% Luz del Sur Bank loans 5.05% to 6.7% payable 2016 through December 2018 136 Notes at 4.75% to 8.75% payable 2014 through September 2029 292 Other bonds at 3.77% to 4.61% payable 2020 through May 2022 8 Capital lease 6 Sempra Mexico (3) Other long-term debt (unsecured): Notes February 8, 2018 at variable rates (2.66% after floating-to-fixed rate cross-currency swaps effective February 2013) 75 6.3% Notes February 2, 2023 (4.12% after cross-currency swap) 227 Sempra Renewables Other long-term debt (secured by project assets): Loan at variable rates (2.24% at December 31, 2015) payable 2012 through December 2028, except for $69 at 4.54% after floating-to-fixed rate swaps effective June 2012 (1) 91 100.00% Sempra Natural Gas First mortgage bonds (Mobile Gas, secured by plant assets): 4.14% September 30, 2021 20 5% September 30, 2031 42 Other long-term debt (unsecured unless otherwise noted): Notes at 2.87% to 3.51% October 1, 2016 (1) 19 100.00% 8.45% Notes payable 2012 through December 2017 (secured by parent guarantee) 11 3.1% Notes December 30, 2018 (secured by plant assets) (1) 5 100.00% Total long-term debt outstanding Current portion of long-term debt Unamortized discount on long-term debt Unamortized premium on long-term debt Unamortized debt issuance costs 14,148 (907) (27) 5 (85) Total $ 13,134 (1) (2) (3) Callable long-term debt not subject to make-whole provisions. Denominated in Swiss Francs. Redemption price varies based on exchange rate. Amounts at December 31, 2015 include foreign currency fluctuations. At the option of Sempra Energy, SDG&E and SoCalGas, $810 million of debt is callable subject to premiums at various dates: $34 million in 2016, $7 million in 2017, $173 million in 2018, $7 million in 2019, $7 million in 2020 and $582 million thereafter. In addition, $12.6 billion of bonds are callable subject to make-whole provisions, and the OMEC LLC project financing loan may be prepaid at the borrower's option. Excluding capital lease obligations, build-to-suit lease and market value adjustments for interest rate swaps, maturities of long-term debt are $897 million in 2016, $854 million in 2017, $1.4 billion in 2018, $854 million in 2019, $968 million in 2020 and $8.8 billion thereafter. 14

Reconciliation of Sempra Energy Earnings to Sempra Energy Adjusted Earnings Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share exclude the following: in 2015, a $36 million gain on the sale of the remaining block of the Mesquite Power plant and $10 million of liquefied natural gas (LNG) liquefaction development expenses; and in 2013, $77 million retroactive impact of the 2012 General Rate Case (GRC) for the full-year 2012. Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share also exclude the following amounts related to San Diego Gas & Electric Company s (SDG&E) San Onofre Nuclear Generating Station (SONGS): in 2013, a $119 million plant closure loss from the early retirement of SONGS; in 2014, a $21 million charge to adjust the total plant closure loss; and in 2015, a $15 million reduction to the total plant closure loss, primarily due to the California Public Utilities Commission approval of SDG&E s compliance filing for authorized recovery of its investment in SONGS. Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share are non-gaap financial measures (GAAP represents accounting principles generally accepted in the United States of America). Because of the significance and nature of these items, management believes that these non-gaap financial measures provide a more meaningful comparison of the performance of Sempra Energy s business operations from 2015 to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-gaap financial measures to Sempra Energy Earnings and Diluted Earnings Per Common Share, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. Years ended December 31, (Dollars in millions, except per share amounts) 2015 2014 2013 Sempra Energy Earnings (GAAP) $ 1,349 $ 1,161 $ 1,001 Exclude: Gain on sale of Mesquite Power block 2 (36) Plant closure (adjustment) loss (15) 21 119 LNG liquefaction development expenses 10 Retroactive impact of 2012 GRC for full-year 2012 (77) Sempra Energy Adjusted Earnings $ 1,308 $ 1,182 $ 1,043 Diluted earnings per common share: Sempra Energy Earnings (GAAP) $ 5.37 $ 4.63 $ 4.01 Sempra Energy Adjusted Earnings $ 5.21 $ 4.71 $ 4.18 Weighted-average number of shares outstanding, diluted (thousands) 250,923 250,655 249,332 15

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Selected Financial Data and Comparative Statistics 2013-2015 Years ended December 31, Net income (before preferred dividends and call premium on preferred stock, 2015 2014 2013 and including earnings attributable to noncontrolling interest) $ 606 $ 527 $ 435 Earnings attributable to common shares $ 587 $ 507 $ 404 Common dividends to parent $ 300 $ 200 $ Capital expenditures $ 1,133 $ 1,100 $ 978 Weighted average rate base $ 7,671 $ 7,253 $ 7,244 Authorized rate of return on: Rate base 7.79% 7.79% 7.79% Common equity 10.30% 10.30% 10.30% Achieved return on common equity 11.56% 10.61% 9.13% Electric revenues Residential $ 1,486 $ 1,370 $ 1,283 Commercial 1,508 1,418 1,080 Industrial 380 342 257 Other 245 220 163 Electric revenues in rates 3,619 3,350 2,783 CAISO shared transmission revenue - net (1) 292 162 268 Other revenues 213 205 172 Balancing accounts (405) 68 314 Total electric revenues $ 3,719 $ 3,785 $ 3,537 Electric volumes (millions of kwhs) Residential 7,143 7,338 7,392 Commercial 6,877 6,974 6,722 Industrial 2,161 2,067 1,962 Other 3,735 3,736 3,680 Total 19,916 20,115 19,756 Cooling degree days 1,722 1,561 908 Electric customers at December 31, Residential 1,268,684 1,259,784 1,252,434 Commercial 150,101 149,058 148,039 Industrial 466 457 453 Other 7,117 7,313 7,478 Total number of electric customers 1,426,368 1,416,612 1,408,404 (1) California Independent System Operator (CAISO) shared transmission revenue changes are primarily due to timing differences offset by corresponding changes in balancing accounts. 17

Selected Financial Data and Comparative Statistics 2013-2015 (continued) Years ended December 31, (Dollars in millions, except average cost of natural gas) Natural gas revenues 2015 2014 2013 Residential $ 297 $ 306 $ 324 Commercial and industrial 110 116 111 Electric generation plants 1 2 15 Natural gas revenues in rates 408 424 450 Other revenues 40 40 42 Balancing accounts 52 80 37 Total natural gas revenues $ 500 $ 544 $ 529 Natural gas volumes delivered (billion cubic feet) Residential 24 25 31 Commercial and industrial 22 22 24 Electric generation plants 27 26 25 Total 73 73 80 Core 42 43 50 Noncore 31 30 30 Total 73 73 80 Average cost of natural gas (per thousand cubic feet) $ 4.05 $ 5.44 $ 4.49 Heating degree days 733 698 1,334 Natural gas customers at December 31, Residential 839,617 825,913 831,793 Commercial 28,530 28,613 28,618 Off-system sales and transportation 4,736 12,923 3,746 Total number of natural gas customers 872,883 867,449 864,157 18

Consolidated Statements of Operations Years ended December 31, 2015 2014 2013 Operating revenues Electric $ 3,719 $ 3,785 $ 3,537 Natural gas 500 544 529 Total operating revenues 4,219 4,329 4,066 Operating expenses Cost of electric fuel and purchased power 1,151 1,309 1,019 Cost of natural gas 153 208 204 Operation and maintenance 1,017 1,076 1,157 Depreciation and amortization 604 530 494 Franchise fees and other taxes 262 241 210 Plant closure (adjustment) loss (26) 6 200 Total operating expenses 3,161 3,370 3,284 Operating income 1,058 959 782 Other income (expense), net Allowance for equity funds used during construction 37 37 39 Regulatory interest income, net 3 6 4 Sundry, net (4) (3) (3) Total other income, net 36 40 40 Interest income Interest expense Income before income taxes Income tax expense Net income Earnings attributable to noncontrolling interest Earnings Call premium on preferred stock Preferred dividend requirements Earnings attributable to common shares 1 (204) (202) (197) 890 797 626 (284) (270) (191) 606 527 435 (19) (20) (24) 587 507 411 (3) (4) $ 587 $ 507 $ 404 19

Consolidated Balance Sheets December 31, Assets Current assets: 2015 2014 (1) 2013 (1) Cash and cash equivalents $ 20 $ 8 $ 27 Restricted cash 23 8 6 Accounts receivable - trade, net 331 285 266 Accounts receivable - other, net 17 35 28 Due from unconsolidated affiliates 1 1 1 Income taxes receivable 32 Deferred income taxes 103 Inventories 75 73 86 Regulatory balancing accounts - net undercollected 307 711 556 Regulatory assets 107 54 29 Fixed-price contracts and other derivatives 53 44 61 Other 70 125 75 Total current assets 1,004 1,344 1,270 Other assets: Restricted cash 11 25 Deferred taxes recoverable in rates 914 824 788 Regulatory assets arising from pension and other postretirement benefit obligations 180 171 106 Regulatory assets arising from wildfire litigation costs 362 373 330 Regulatory assets arising from plant closure 215 308 303 Regulatory balancing accounts - undercollected 161 Other regulatory assets 220 234 260 Nuclear decommissioning trusts 1,063 1,131 1,034 Sundry 301 246 214 Total other assets 3,255 3,298 3,221 Property, plant and equipment: Property, plant and equipment 16,458 15,478 14,346 Less accumulated depreciation and amortization (4,202) (3,860) (3,500) Property, plant and equipment, net 12,256 11,618 10,846 Total assets $ 16,515 $ 16,260 $ 15,337 (1) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." 20

Consolidated Balance Sheets (continued) Liabilities and Equity Current liabilities: Short-term debt December 31, 2015 2014 (1) 2013 (1) $ 168 $ 246 $ 59 Accounts payable 377 441 420 Due to unconsolidated affiliates 55 21 39 Income taxes payable 30 Deferred income taxes 53 Interest payable 39 40 39 Accrued compensation and benefits 129 124 113 Accrued franchise fees 66 71 52 Current portion of long-term debt 50 365 29 Asset retirement obligations 99 120 51 Fixed-price contracts and other derivatives 51 40 38 Customer deposits 72 71 71 Other 101 166 168 Total current liabilities 1,207 1,788 1,079 Long-term debt 4,455 4,283 4,485 Deferred credits and other liabilities: Customer advances for construction 46 41 34 Pension and other postretirement benefit plan obligations, net of plan assets 212 216 132 Deferred income taxes 2,472 2,121 2,021 Deferred investment tax credits 19 22 24 Regulatory liabilities arising from removal obligations 1,629 1,557 1,403 Asset retirement obligations 729 754 861 Fixed-price contracts and other derivatives 106 153 175 Deferred credits and other 364 333 404 Total deferred credits and other liabilities 5,577 5,197 5,054 Equity: Common stock (255 million shares authorized, 117 million shares outstanding) 1,338 1,338 1,338 Retained earnings 3,893 3,606 3,299 Accumulated other comprehensive income (loss) (8) (12) (9) Total SDG&E shareholder's equity 5,223 4,932 4,628 Noncontrolling interest 53 60 91 Total equity 5,276 4,992 4,719 Total liabilities and equity $ 16,515 $ 16,260 $ 15,337 (1) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." 21

Consolidated Statements of Cash Flows Years ended December 31, Cash Flows from Operating Activities 2015 2014 2013 Net income $ 606 $ 527 $ 435 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 604 530 494 Deferred income taxes and investment tax credits 195 223 171 Plant closure (adjustment) loss (26) 6 200 Fixed-price contracts and other derivatives (4) (6) (8) Other (16) (23) (37) Changes in other assets (122) 191 (150) Changes in other liabilities 13 18 19 Changes in working capital components: Accounts receivable (10) (47) (40) Due to/from affiliates, net 21 (10) 38 Inventories (2) 4 (14) Other current assets (24) (16) 7 Income taxes 35 (50) Accounts payable (28) (23) 50 Regulatory balancing accounts 474 (208) (140) Interest payable (1) 4 Other current liabilities (16) (104) (260) Net cash provided by operating activities 1,664 1,097 719 Cash Flows from Investing Activities Expenditures for property, plant and equipment (1,133) (1,100) (978) Proceeds from sales by nuclear decommissioning trusts 577 601 685 Purchases of nuclear decommissioning trust assets (526) (609) (692) Proceeds from sale of assets 11 Increase in restricted cash (39) (84) (81) Decrease in restricted cash 35 96 82 Expenditures related to long-term service agreement (30) Net cash used in investing activities (1,086) (1,126) (973) Cash Flows from Financing Activities Common dividends paid (300) (200) Redemption of preferred stock (82) Preferred dividends paid (5) Issuances of debt (maturities greater than 90 days) 444 100 450 Payments on debt (maturities greater than 90 days) (547) (24) (199) (Decrease) increase in short-term debt, net (131) 187 59 Capital distributions made by Otay Mesa VIE (30) (53) (26) Other (2) (3) Net cash (used in) provided by financing activities (566) 10 194 Increase (decrease) in cash and cash equivalents 12 (19) (60) Cash and cash equivalents, January 1 8 27 87 Cash and cash equivalents, December 31 $ 20 $ 8 $ 27 Supplemental Disclosure of Cash Flow Information Interest payments, net of amounts capitalized $ 199 $ 196 $ 187 Income tax payments (refunds), net 88 (4) 84 22

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Selected Financial Data and Comparative Statistics 2013-2015 Years ended December 31, (Dollars in millions, except average cost of natural gas) 2015 2014 2013 Net income (before preferred dividends) $ 420 $ 333 $ 365 Earnings attributable to common shares $ 419 $ 332 $ 364 Common dividends to parent $ 50 $ 100 $ 50 Capital expenditures $ 1,352 $ 1,104 $ 762 Weighted average rate base $ 4,269 $ 3,879 $ 3,499 Authorized rate of return on: Rate base 8.02% 8.02% 8.02% Common equity 10.10% 10.10% 10.10% Achieved return on common equity 14.24% 12.56% 15.36% Natural gas revenues Residential $ 2,052 $ 2,186 $ 2,212 Commercial and industrial 893 1,003 933 Electric generation plants 41 42 44 Wholesale 27 24 27 Natural gas revenues in rates 3,013 3,255 3,216 Other revenues 181 103 101 Balancing accounts 295 497 419 Total operating revenues $ 3,489 $ 3,855 $ 3,736 Natural gas volumes delivered (billion cubic feet) Residential 201 198 236 Commercial and industrial 375 385 393 Electric generation plants 193 211 200 Wholesale 156 150 170 Total 925 944 999 Core 310 305 350 Noncore 615 639 649 Total 925 944 999 Average cost of natural gas (per thousand cubic feet) $ 3.18 $ 5.06 $ 4.08 Heating degree days 969 766 1,210 Customers at December 31, Residential 5,621,600 5,594,129 5,568,155 Commercial 252,861 246,839 246,683 Industrial 26,325 26,685 27,007 Electric generation plants and wholesale 48 49 44 Total number of customers 5,900,834 5,867,702 5,841,889 24

Consolidated Statements of Operations Years ended December 31, 2015 2014 2013 Operating revenues $ 3,489 $ 3,855 $ 3,736 Operating expenses Cost of natural gas 921 1,449 1,362 Operation and maintenance 1,370 1,321 1,324 Depreciation and amortization 461 431 383 Franchise fees and other taxes 129 133 128 Total operating expenses 2,881 3,334 3,197 Operating income 608 521 539 Other income (expense), net Allowance for equity funds used during construction 36 26 17 Regulatory interest income, net 1 Sundry, net (6) (6) (7) Total other income, net 30 20 11 Interest income Interest expense Income before income taxes Income tax expense Net income Preferred dividend requirements Earnings attributable to common shares 4 (84) (69) (69) 558 472 481 (138) (139) (116) 420 333 365 (1) (1) (1) $ 419 $ 332 $ 364 25

Consolidated Balance Sheets December 31, Assets Current assets: 2015 2014 (1) 2013 (1) Cash and cash equivalents $ 58 $ 85 $ 27 Accounts receivable - trade, net 635 586 595 Accounts receivable - other, net 99 51 97 Due from unconsolidated affiliates 48 4 21 Income taxes receivable 5 25 Inventories 79 181 69 Regulatory balancing accounts - net undercollected 35 Regulatory assets 7 5 5 Other 40 36 34 Total current assets 966 988 873 Other assets: Regulatory assets arising from pension obligations 699 617 326 Deferred taxes recoverable in rates 330 195 110 Other regulatory assets 306 277 152 Insurance receivable for Aliso Canyon costs 325 Sundry 207 125 210 Total other assets 1,867 1,214 798 Property, plant and equipment: Property, plant and equipment 14,171 12,886 11,831 Less accumulated depreciation and amortization (4,900) (4,642) (4,364) Property, plant and equipment, net 9,271 8,244 7,467 Total assets $ 12,104 $ 10,446 $ 9,138 (1) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." 26

Consolidated Balance Sheets (continued) Liabilities and Shareholders' Equity Current liabilities: Short-term debt Accounts payable - trade Accounts payable - other Due to unconsolidated affiliate Income taxes payable Deferred income taxes Accrued compensation and benefits Regulatory balancing accounts - net overcollected Current portion of long-term debt Customer deposits Reserve for Aliso Canyon costs Other Total current liabilities Long-term debt December 31, 2015 2014 (1) 2013 (1) $ $ 50 $ 42 422 532 346 76 88 79 13 16 3 53 45 160 129 141 34 91 9 252 76 75 75 274 184 149 125 1,238 1,089 1,212 2,481 1,891 1,150 Deferred credits and other liabilities: Customer advances for construction 103 102 108 Pension obligation, net of plan assets 716 633 339 Deferred income taxes 1,532 1,212 993 Deferred investment tax credits 14 16 18 Regulatory liabilities arising from removal obligations 1,145 1,167 1,205 Asset retirement obligations 1,354 1,255 1,182 Deferred credits and other 372 300 382 Total deferred credits and other liabilities 5,236 4,685 4,227 Shareholders' equity: Preferred stock 22 22 22 Common stock (100 million shares authorized; 91 million shares outstanding; no par value) 866 866 866 Retained earnings 2,280 1,911 1,679 Accumulated other comprehensive income (loss) (19) (18) (18) Total shareholders' equity 3,149 2,781 2,549 Total liabilities and shareholders' equity $ 12,104 $ 10,446 $ 9,138 (1) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." 27

Consolidated Statements of Cash Flows Years ended December 31, Cash Flows from Operating Activities 2015 2014 2013 Net income $ 420 $ 333 $ 365 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 461 431 383 Deferred income taxes and investment tax credits 127 130 117 Other (11) (7) (5) Insurance receivable for Aliso Canyon costs (325) Changes in other assets (91) (131) (52) Changes in other liabilities (7) 29 (4) Changes in working capital components: Accounts receivable (90) 30 (113) Inventories 102 (113) 82 Other current assets 8 (3) 3 Accounts payable (143) 156 (54) Income taxes 8 17 51 Due to/from affiliates, net (11) (1) (57) Regulatory balancing accounts 112 (109) (58) Customer deposits 1 (1) Reserve for Aliso Canyon costs 274 Other current liabilities 45 3 24 Net cash provided by operating activities 880 765 681 Cash Flows from Investing Activities Expenditures for property, plant and equipment (1,352) (1,104) (762) (Increase) decrease in loans to affiliate, net (50) 34 Net cash used in investing activities (1,402) (1,104) (728) Cash Flows from Financing Activities Common dividends paid (50) (100) (50) Preferred dividends paid (1) (1) (1) Issuances of long-term debt 599 747 Payments on long-term debt (250) Debt issuance costs (3) (7) (Decrease) increase in short-term debt, net (50) 8 42 Net cash provided by (used in) financing activities 495 397 (9) (Decrease) increase in cash and cash equivalents (27) 58 (56) Cash and cash equivalents, January 1 85 27 83 Cash and cash equivalents, December 31 $ 58 $ 85 $ 27 Supplemental Disclosure of Cash Flow Information Interest payments, net of amounts capitalized $ 79 $ 62 $ 65 Income tax payments (refunds), net 1 (10) (52) 28

Selected Financial Data and Comparative Statistics 2013-2015 Earnings Years ended December 31, 2015 2014 2013 Sempra South American Utilities (1) $ 175 $ 172 $ 153 Sempra Mexico 213 192 122 Total $ 388 $ 364 $ 275 Natural gas distribution operations Volumes delivered (billion cubic feet) Sempra Mexico 25 24 24 Customers (in thousands, at December 31) Sempra Mexico 113 106 99 Electric distribution operations Volumes (millions of kwhs) Peru 7,549 7,287 6,984 Chile 2,887 2,944 2,856 Total 10,436 10,231 9,840 Customers (in thousands, at December 31) Peru 1,053 1,029 996 Chile 672 657 640 Total 1,725 1,686 1,636 Power Sold Volumes (millions of kwhs) Sempra Mexico 3,821 4,225 3,752 (1) In 2013, includes $11 million equity losses ($7 million impairment and $4 million loss on sale) associated with Sempra South American Utilities' Argentine investments, which were sold in the second quarter of 2013. Sempra International is not the same company as the California utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas), and Sempra International is not regulated by the California Public Utilities Commission. 29

Sempra South American Utilities Consolidated Statements of Operations Years ended December 31, Revenues 2015 2014 2013 Utilities - electric $ 1,447 $ 1,434 $ 1,383 Energy-related businesses 97 100 112 Total revenues 1,544 1,534 1,495 Expenses and other income Utilities: Cost of electric fuel and purchased power (985) (972) (913) Energy-related businesses: Cost of sales (86) (79) (84) Operation and maintenance (160) (173) (170) Depreciation and amortization (50) (55) (59) Other operating income (expense) 1 (2) Other income, net 22 30 9 Interest income 19 14 14 Interest expense (32) (33) (27) Income before income taxes and equity losses of certain unconsolidated subsidiaries 272 267 263 Income tax expense (67) (58) (67) Equity losses, net of income tax (4) (4) (15) Net income 201 205 181 Earnings attributable to noncontrolling interests (26) (33) (28) Earnings $ 175 $ 172 $ 153 Sempra South American Utilities is not the same company as the California utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas), and Sempra South American Utilities is not regulated by the California Public Utilities Commission. 30

Sempra South American Utilities Consolidated Balance Sheets Assets December 31, 2015 2014 2013 Current assets: Cash and cash equivalents $ 233 $ 338 $ 384 Accounts receivable 253 240 257 Due from unconsolidated affiliates 237 116 26 Deferred income taxes 2 80 Inventories 30 33 40 Other 10 6 7 Total current assets 763 735 794 Due from unconsolidated affiliates 72 41 15 Goodwill and other intangible assets 724 836 929 Property, plant and equipment, net 1,656 1,744 1,777 Other 20 23 16 Total assets $ 3,235 $ 3,379 $ 3,531 Liabilities and Equity Current liabilities: Short-term debt $ 28 $ 24 $ 55 Accounts payable 168 128 153 Due to unconsolidated affiliates 63 63 114 Income taxes payable 5 14 12 Current portion of long-term debt 64 41 55 Other 69 65 70 Total current liabilities 397 335 459 Long-term debt 552 603 523 Other noncurrent liabilities: Due to unconsolidated affiliates 67 355 329 Deferred income taxes 131 137 159 Other liabilities 43 49 62 Total other noncurrent liabilities 241 541 550 Equity Shareholders' equity 1,856 1,696 1,747 Noncontrolling interests 189 204 252 Total equity 2,045 1,900 1,999 Total liabilities and equity $ 3,235 $ 3,379 $ 3,531 Sempra South American Utilities is not the same company as the California utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas), and Sempra South American Utilities is not regulated by the California Public Utilities Commission. 31

Sempra South American Utilities Consolidated Statements of Cash Flows Cash Flows from Operating Activities Years ended December 31, 2015 2014 2013 Net income $ 201 $ 205 $ 181 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 50 55 59 Deferred income taxes 17 (6) 3 Equity losses 4 4 15 Other 5 16 1 Changes in other assets (5) (14) (7) Changes in other liabilities 5 Net change in working capital components (44) (35) (31) Net cash provided by operating activities 228 225 226 Cash Flows from Investing Activities Expenditures for property, plant and equipment (154) (174) (200) Proceeds from sale of investments 13 (Increase) decrease in loans to affiliates, net (151) (26) 344 Decrease in restricted cash 8 9 8 Increase in restricted cash (8) (9) (9) Net cash (used in) provided by investing activities (305) (200) 156 Cash Flows from Financing Activities Dividends paid (75) (13) (222) Capital contributed 99 Issuances of debt (maturities greater than 90 days) 123 291 191 Payments on debt (maturities greater than 90 days) (80) (219) (168) Increase in short-term debt, net 12 1 Increase (decrease) in loans from affiliates, net 16 (35) 72 Purchase of noncontrolling interests (74) Distributions to noncontrolling interests (14) (21) (22) Net cash used in financing activities (18) (71) (49) Effect of exchange rate changes on cash and cash equivalents (10) (3) (Decrease) increase in cash and cash equivalents (105) (46) 330 Cash and cash equivalents, January 1 338 384 54 Cash and cash equivalents, December 31 $ 233 $ 338 $ 384 Sempra South American Utilities is not the same company as the California utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas), and Sempra South American Utilities is not regulated by the California Public Utilities Commission. 32

Sempra Mexico Consolidated Statements of Operations Revenues Years ended December 31, 2015 2014 2013 Utility natural gas $ 81 $ 109 $ 97 Energy-related businesses 588 709 578 Total revenues 669 818 675 Expenses and other income Utility: Cost of natural gas (49) (74) (63) Energy-related businesses: Cost of natural gas, electric fuel and purchased power (221) (350) (253) Other cost of sales (15) (14) (10) Operation and maintenance (126) (121) (124) Depreciation and amortization (70) (64) (63) Gain on sale of equity interest 19 Other taxes (4) (3) (2) Other income, net 20 4 24 Interest income 7 4 2 Interest expense (23) (17) (17) Income before income taxes and equity earnings of certain unconsolidated subsidiaries 188 202 169 Income tax expense (11) (5) (60) Equity earnings, net of income tax 89 42 39 Net income 266 239 148 Earnings attributable to noncontrolling interests (1) (53) (47) (26) Earnings attributable to common shares $ 213 $ 192 $ 122 (1) In the first quarter of 2013, Sempra Energy s subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), completed a private offering in the U.S. and outside of Mexico and a concurrent public offering in Mexico of common stock. The aggregate shares of common stock sold in the offerings represent approximately 18.9 percent of IEnova s outstanding ownership interest. IEnova is reported within the Sempra Mexico reportable segment. Sempra Mexico is not the same company as the California utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas), and Sempra Mexico is not regulated by the California Public Utilities Commission. 33

Sempra Mexico Consolidated Balance Sheets December 31, Assets Current assets: 2015 2014 (1) 2013 (1) Cash and cash equivalents $ 60 $ 114 $ 311 Restricted cash 12 Accounts receivable 88 87 104 Due from unconsolidated affiliates 133 97 93 Income taxes receivable 6 26 Deferred income taxes 12 Inventories 13 18 12 Fixed-price contracts and other derivatives 2 12 18 Other 22 52 23 Total current assets 324 418 573 Restricted cash 20 18 Investments 519 434 379 Goodwill and other intangible assets 30 30 30 Due from unconsolidated affiliates 111 147 Deferred income taxes 89 Fixed-price contracts and other derivatives 27 22 Property, plant and equipment, net 2,642 2,387 2,218 Other 48 25 21 Total assets $ 3,783 $ 3,486 $ 3,243 Liabilities and Equity Current liabilities: Short-term debt $ 91 $ 145 $ Accounts payable 44 60 51 Due to unconsolidated affiliates 476 139 128 Current portion of long-term debt 51 Income taxes payable 16 Other 45 77 56 Total current liabilities 656 472 251 Long-term debt 300 351 395 Other noncurrent liabilities: Due to unconsolidated affiliates 99 81 65 Deferred income taxes 145 108 149 Fixed-price contracts and other derivatives 133 100 54 Other 48 40 39 Total other noncurrent liabilities 425 329 307 Equity: Sempra Mexico shareholders' equity 1,934 1,882 1,848 Noncontrolling interests 468 452 442 Total equity 2,402 2,334 2,290 Total liabilities and equity $ 3,783 $ 3,486 $ 3,243 (1) As adjusted for the retrospective adoption of Accounting Standards Update 2015-03, "Interest Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." Sempra Mexico is not the same company as the California utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas), and Sempra Mexico is not regulated by the California Public Utilities Commission. 34