Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 499

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 499
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As at December 31, 2024 and 2023 is 5.04% and 4.19%, respectively, at both Sempra and SDG&E. Weighted-average discount rate related to all other operating leases at December 31, 2024 and 2023 is 7.41% and 7.57%, respectively, at Sempra and 5.23% and 5.06%, respectively, at SDG&E.

2024 Form 10-K  |  F-130

The components of lease costs were as follows:LESSEE INFORMATION ON THE CONSOLIDATED STATEMENTS OF OPERATIONS(1)(Dollars in millions)SempraSDG&ESoCalGasYears ended December 31,202420232022202420232022202420232022Operating lease costs(2)$118 $99 $83 $71 $53 $45 $12 $13 $18 Finance lease costs:Amortization of ROU assets(3)65 60 48 42 40 33 23 20 15 Interest on lease liabilities178 182 184 173 177 181 6 5 2 Total finance lease costs243 242 232 215 217 214 29 25 17 Short-term lease costs(4)9 9 3 8 8 2 — — — Variable lease costs(4)472 458 411 460 447 399 10 10 11 Total lease costs$842 $808 $729 $754 $725 $660 $51 $48 $46 (1)    Includes costs capitalized in PP&E.(2)    Includes $37, $21, and $10 related to PPAs in 2024, 2023 and 2022, respectively, at both Sempra and SDG&E.(3)    Included in O&M, except for $30, $29 and $25 at Sempra and $29, $28 and $24 at SDG&E in 2024, 2023 and 2022, respectively, and $1 at SoCalGas in each of 2024, 2023 and 2022, which is included in Depreciation and Amortization Expense.(4)    Short-term leases with variable lease costs are recorded and presented as variable lease costs.