Efficient Financing & Incremental Investment Opportunities
KEY FINANCIAL METRICS
SDG&E
2020 Earnings
$824M
2020 Achieved Return on Common Equity
11.1%
Authorized Capital Structure
Capital Ratio¹
CPUC¹
FERC²
Common Equity
52.00%
10.20%
10.60%
Preferred Equity
2.75%
6.22%
0.00%
Long-Term Debt
45.25%
4.59%
4.28%³
SOCALGAS
2020 Adjusted Earnings*
4
$737M
2020 Achieved Return on Common Equity
10.2%
Authorized Capital Structure
Common Equity
Capital Ratio¹
52.00%
Preferred Equity
Long-Term Debt
2.40%
CPUC1
10.05%
6.00%
45.60%
4.23%
D.19-12-056 and AL 3499-E/2836-G (SDG&E A. 19-04-017, SoCal Gas A. 19-04-018).
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1.
2.
SDG&E FERC TO5 Cycle 3 filing, December 1, 2020.
3.
4.
See Appendix in Financial presentation for information regarding non-GAAP financial measures.
The FERC Rate of Return (ROR) calculation uses the actual capital structure and embedded cost of debt as of December 31st of each year.
2020 Adjusted Earnings is a non-GAAP financial measure. SoCalGas reported GAAP Earnings of $504M in 2020.
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