Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 160

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 160
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403)$85 $(36)Higher contributions to Oncor Holdings(293)Other18 3 $(678)$88 $(36)

CASH FLOWS FROM FINANCING ACTIVITIES (Dollars in millions)Three months ended March 31,SempraSDG&ESoCalGas2025$1,476 $552 $(196)2024700 178 (316)Change$776 $374 $120 Higher (lower) issuances of long-term debt$733 $254 $(497)Change in borrowings and repayments of short-term debt, net428 (280)613 Lower payments on short-term debt with maturities greater than 90 days188 Higher issuances of short-term debt with maturities greater than 90 days164 Lower distributions to NCI73 (Higher) lower payments on long-term debt and finance leases(336)401 Lower contributions from NCI(440)Other(34)(1)4 $776 $374 $120 

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Capital Expenditures for PP&E and Investments

CAPITAL EXPENDITURES FOR PP&E AND INVESTMENTS(Dollars in millions)Three months ended March 31, 20252024Sempra:Sempra California(1)$1,094 $1,143 Sempra Texas Utilities486 193 Sempra Infrastructure1,241 790 Segment totals2,821 2,126 Parent and other1 — Total Sempra$2,822 $2,126 

(1)    Includes capital expenditures for PP&E of $539 and $624 at SDG&E and $555 and $519 at SoCalGas for 2025 and 2024, respectively.

We expect capital expenditures for PP&E and investments in 2025 to total $12.5 billion. When (i) including Sempra’s proportionate ownership interest in expected capital expenditures for PP&E at unconsolidated equity method investees while excluding Sempra’s expected capital contributions to those unconsolidated equity method investees and (ii) excluding NCI’s proportionate ownership interest in expected capital expenditures for PP&E at Sempra and at unconsolidated equity method investees, we expect capital expenditures for PP&E in 2025 to total $12.7 billion. 

In addition, Oncor anticipates that its capital plan will grow over the 202