Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 46

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 46
---
ension and PBOP plan obligations(462)(458)17 (2)(479)(456)Employee benefit costs19 19 3 3 16 16 Removal obligations(3,466)(3,295)(2,856)(2,676)(610)(619)Environmental costs149 149 114 115 35 34 Sunrise Powerlink fire mitigation124 124 124 124 — — Regulatory balancing accounts(2):Commodity – electric108 (313)108 (313)— — Commodity – gas, including transportation32 (47)(2)86 34 (133)Safety and reliability885 820 296 227 589 593 Public purpose programs(402)(439)(160)(219)(242)(220)2024 GRC retroactive impacts420 631 177 277 243 354 Wildfire mitigation plan982 808 982 808 — — Liability insurance premium(53)(24)(43)(15)(10)(9)Other balancing accounts77 158 (170)(51)247 209 Other regulatory assets, net(3)102 164 71 87 31 79 Total$767 $39 $(262)$(736)$1,005 $707 (1)    At September 30, 2025, $47 is classified as Assets Held for Sale on the Sempra Condensed Consolidated Balance Sheet. (2)    At September 30, 2025 and December 31, 2024, the noncurrent portion of regulatory balancing accounts – net undercollected for Sempra is $1,627 and $1,731, respectively, for SDG&E is $990 and $873, respectively, and for SoCalGas is $637 and $858, respectively.(3)    Includes regulatory assets earning a return authorized by applicable regulators, which generally approximates the three-month commercial paper rate.In July 2025, the CPUC issued an FD that authorizes partial recovery of costs recorded in SoCalGas’ Catastrophic Event Memorandum Account. The FD authorizes the recovery of $19 million out of the requested $55 million, denying recovery of COVID-19 costs included in the Catastrophic Event Memorandum Account. In the nine months ended September 30, 2025, SoCalGas recorded a write-off of $36 million ($25 million