Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 225

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 225
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Gas:     Total long-term debt(4)$7,359 $— $6,880 $— $6,880 (1)    Before allowances for credit losses of $5 at both March 31, 2025 and December 31, 2024. Excludes unamortized transaction costs of $3 at both March 31, 2025 and December 31, 2024.(2)    After the effects of interest rate swaps. Before reductions of unamortized discount and debt issuance costs of $395 and $382 at March 31, 2025 and December 31, 2024, respectively, and excluding finance lease obligations of $1,315 at both March 31, 2025 and December 31, 2024.(3)    Before reductions of unamortized discount and debt issuance costs of $103 and $95 at March 31, 2025 and December 31, 2024, respectively, and excluding finance lease obligations of $1,197 and $1,205 at March 31, 2025 and December 31, 2024, respectively.(4)    Before reductions of unamortized discount and debt issuance costs of $64 and $65 at March 31, 2025 and December 31, 2024, respectively, and excluding finance lease obligations of $118 and $110 at March 31, 2025 and December 31, 2024, respectively.We provide the fair values for the securities held in the NDT related to SONGS in Note 11.

NOTE 10. SEMPRA – EQUITY AND EARNINGS PER COMMON SHARE 

COMMON STOCK OFFERINGSATM ProgramIn November 2024, we established an ATM program providing for the offer and sale of shares of Sempra common stock having an aggregate gross sales price of up to $3.0 billion through agents acting as our sales agents or as forward sellers or directly to the agents as principals. The shares may be offered and sold in amounts and at times to be determined by us from time to time. The agents will be entitled to a commission that will not exceed 1.0% of the gross sales price of all shares sold through it as agent pursuant to the Sales Agreement. 

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Under the ATM program, we may enter into separate forward sale agreements with affiliates of the agents as forward purchasers. We expect to fully physically