Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 366

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 366
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:  SDG&E$14 $21 Various affiliates2 1 Total due from unconsolidated affiliates – current$16 $22 Sempra$(38)$(38)Total due to unconsolidated affiliates – current$(38)$(38)Income taxes due (to) from Sempra(2)$(6)$6 (1)    U.S. dollar-denominated loans at fixed interest rates. Amounts include principal balances plus accumulated interest outstanding and VAT payable to the Mexican government.(2)    SDG&E and SoCalGas are included in the consolidated income tax return of Sempra, and their respective income tax expense is computed as an amount equal to that which would result from each company having always filed a separate return. Amounts include current and noncurrent income taxes due to/from Sempra.

2024 Form 10-K  |  F-34

The following table summarizes income statement information from unconsolidated affiliates. INCOME STATEMENT IMPACT FROM UNCONSOLIDATED AFFILIATES(Dollars in millions) Years ended December 31, 202420232022Sempra:Revenues$40 $44 $41 Interest income— — 16 Interest expense16 15 15 SDG&E:Revenues$23 $21 $16 Cost of sales146 113 92 SoCalGas:Revenues$169 $124 $100 Cost of sales(1)(5)35 (9)(1)    Includes net commodity costs from natural gas transactions with unconsolidated affiliates. Sempra, SDG&E and SoCalGas provide certain services to each other and are charged an allocable share of the cost of such services. Also, from time-to-time, SDG&E and SoCalGas may make short-term advances of surplus cash to Sempra at interest rates based on the federal funds effective rate plus a margin of 13 to 20 bps, depending on the loan balance. Such amounts are eliminated in consolidation at Sempra.SDG&E and SoCalGas charge one another, as well as other Sempra affiliates, for shared asset depreciation. SoCalGas and SDG&E record revenues and the affiliates record corresponding amounts to O&M. Such amounts are eliminated in consolidation at Sempra.SDG&E has a 20-year contract that commenced in June 2015 for up to 155 MW of renewable power supplied from the ESJ wind power generation facility