SRE » Topics » Uncommitted Lines of Credit

This excerpt taken from the SRE 10-Q filed May 2, 2008.

Uncommitted Lines of Credit


Under uncommitted facilities, lenders provide credit on a discretionary basis. Terms are generally consistent with existing committed credit facilities. At March 31, 2008, Sempra Commodities had $1.1 billion in various uncommitted lines of credit and $372 million of letters of credit outstanding supported by these lines.


Additional information concerning committed and uncommitted credit facilities is provided in Note 6 of the Notes to Consolidated Financial Statements in the Annual Report.


In connection with the sale of the commodity-marketing business as discussed in Note 9, RBS will release or indemnify the company in respect of any obligations related to the Sempra Commodities committed and uncommitted lines of credit.


These excerpts taken from the SRE 10-K filed Feb 26, 2008.

Uncommitted Lines of Credit


Under uncommitted facilities, lenders provide credit on a discretionary basis. Terms are generally consistent with existing committed credit facilities. At December 31, 2007, Sempra Commodities had $918 million in various uncommitted lines of credit, which are secured by certain assets at Sempra Commodities and guaranteed by Sempra Energy up to 20 percent of the amount of borrowings or credit lines utilized, subject to additional amounts based on the recoverability of Sempra Commodities' collateral. At December 31, 2007, Sempra Commodities had $316 million of letters of credit and no short-term borrowings outstanding against these lines.


Uncommitted Lines of Credit




Under uncommitted facilities, lenders provide credit on a discretionary basis. Terms are generally consistent with existing committed credit facilities. At December 31, 2007, Sempra Commodities had $918 million in various uncommitted lines of credit, which are secured by certain assets at Sempra Commodities and guaranteed by Sempra Energy up to 20 percent of the amount of borrowings or credit lines utilized, subject to additional amounts based on the recoverability of Sempra Commodities' collateral. At December 31, 2007, Sempra Commodities had $316 million of letters of credit and no short-term borrowings outstanding against these lines.




This excerpt taken from the SRE 10-Q filed Nov 1, 2007.

Uncommitted Lines of Credit


Under uncommitted facilities, lenders provide credit on a discretionary basis. Terms are generally consistent with existing committed credit facilities. At September 30, 2007, Sempra Commodities had $894 million in various uncommitted lines of credit which are fully guaranteed by Sempra Energy and bear interest at rates varying with market rates. At September 30, 2007, Sempra Commodities had $218 million of letters of credit outstanding supported by these lines.


This excerpt taken from the SRE 10-Q filed Aug 2, 2007.

Uncommitted Lines of Credit


Under uncommitted facilities, lenders provide credit on a discretionary basis. Terms are generally consistent with existing committed credit facilities. At June 30, 2007, Sempra Commodities had $1.49 billion in various uncommitted lines of credit. Of the $1.49 billion at June 30, 2007, $945 million of the lines are fully guaranteed by Sempra Energy, and bear interest at rates varying with market rates. The remaining $550 million line is secured by certain assets at Sempra Commodities and guaranteed by Sempra Energy up to 20 percent, subject to additional amounts based on the recoverability of Sempra Commodities' collateral. At June 30, 2007, Sempra Commodities had $202 million of letters of credit outstanding supported by these lines. In addition, it had $75 million of short-term borrowings outstanding against these lines at June 30, 2007.




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This excerpt taken from the SRE 10-Q filed May 2, 2007.

Uncommitted Lines of Credit  


Under uncommitted facilities, lenders provide credit on a discretionary basis.  Terms are generally consistent with existing committed credit facilities.  At March 31, 2007, Sempra Commodities had $1.49 billion in various uncommitted lines of credit. Of the $1.49 billion at March 31, 2007, $937 million of the lines are fully guaranteed by Sempra Energy, and bear interest at rates varying with market rates. The remaining $550 million line is secured by certain assets at Sempra Commodities and guaranteed by Sempra Energy up to 20 percent, subject to additional amounts based on the recoverability of Sempra Commodities' collateral. At March 31, 2007, Sempra Commodities had $248 million of letters of credit outstanding supported by these lines. In addition, it had $75 million of short-term borrowings outstanding against these lines at March 31, 2007.   




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This excerpt taken from the SRE 10-K filed Feb 23, 2007.

Uncommitted Lines of Credit


Under uncommitted facilities, lenders provide credit on a discretionary basis.  Terms are generally consistent with existing credit facilities.  At December 31, 2006, Sempra Commodities had $1.33 billion



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in various uncommitted lines of credit.  Of the $1.33 billion at December 31, 2006, $777 million of the lines is fully guaranteed by Sempra Energy, and bears interest at rates varying with market rates. The remaining $550 million line is secured by certain assets at Sempra Commodities and guaranteed by Sempra Energy up to 20 percent of the amount of borrowings or credit lines utilized, subject to additional amounts based on the recoverability of Sempra Commodities' collateral. At December 31, 2006, Sempra Commodities had $228 million of letters of credit and $75 million of short-term borrowings outstanding against these lines.


This excerpt taken from the SRE 10-Q filed Nov 2, 2006.

Uncommitted Lines of Credit  


At September 30, 2006 and December 31, 2005, Sempra Commodities had $1.33 billion and $457 million, respectively, in various uncommitted lines of credit. Of the $1.33 billion at September 30, 2006, $777 million of the lines are fully guaranteed by Sempra Energy, and bear interest at rates varying with market rates. The remaining $550 million line is secured by certain assets at Sempra Commodities and guaranteed by Sempra Energy up to 20 percent, subject to additional amounts based on the recoverability of Sempra Commodities' collateral. At September 30, 2006 and December 31, 2005, Sempra Commodities had $128 million and $343 million, respectively, of letters of credit outstanding. In addition, it had $100 million of short-term borrowings outstanding against these lines at September 30, 2006.   


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