Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 23

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 23
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) (147)(169)Reclassification to assets held for sale(134)— Allowances for credit losses at September 30$344 $518 SDG&E:Allowances for credit losses at January 1$114 $144 Provisions for expected credit losses40 46 Write-offs(61)(63)Allowances for credit losses at September 30$93 $127 SoCalGas:Allowances for credit losses at January 1$285 $331 Provisions for expected credit losses42 70 Write-offs(80)(107)Allowances for credit losses at September 30$247 $294 (1)    Includes activities within the disposal group that is held for sale.Allowances for credit losses related to trade receivables, other receivables and a note receivable are included in the Condensed Consolidated Balance Sheets as follows:ALLOWANCES FOR CREDIT LOSSES(Dollars in millions)September 30,December 31,20252024Sempra:Accounts receivable – trade, net$270 $447 Accounts receivable – other, net53 53 Other long-term assets(1)(2)21 19 Total allowances for credit losses$344 $519 SDG&E:Accounts receivable – trade, net$61 $81 Accounts receivable – other, net27 25 Other long-term assets(1)5 8 Total allowances for credit losses$93 $114 SoCalGas:Accounts receivable – trade, net$209 $251 Accounts receivable – other, net26 28 Other long-term assets(1)12 6 Total allowances for credit losses$247 $285 (1)    In January 2024, the CPUC directed SDG&E and SoCalGas to offer long-term repayment plans to eligible residential customers with past-due balances.(2)    At September 30, 2025 and December 31, 2024, includes $4 and $5, respectively, of expected credit losses on an interest-bearing promissory note due from KKR Pinnacle.Off-Balance Sheet Credit ExposuresWe are exposed to credit losses from off-balance sheet arrangements through Sempra’s guarantees, which we discuss in Note 13. On a quarterly basis, we evaluate credit losses and record liabilities for expected credit losses on our off-balance sheet arrangements based on external credit ratings, published default rate