Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 406

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 406
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 carrying value of our equity method investment is $130 higher than the underlying equity in the net assets of the investee due to equity method goodwill.

EARNINGS FROM EQUITY METHOD INVESTMENTS(1)(Dollars in millions) Years ended December 31, 202420232022EARNINGS RECORDED BEFORE INCOME TAX(2):   Sempra Texas Utilities:Sharyland Holdings$8 $7 $7 Sempra Infrastructure: Cameron LNG JV(3)576 586 659 Segment totals584 593 666 Parent and other – RBS Sempra Commodities LLP19 40 —  603 633 666 EARNINGS RECORDED NET OF INCOME TAX:   Sempra Texas Utilities:Oncor Holdings780 694 735 Sempra Infrastructure:   IMG136 40 68 TAG Norte90 114 29 Segment totals1,006 848 832 Total$1,609 $1,481 $1,498 (1)    All amounts are before NCI, where applicable.(2)    We provide our ETR calculation in Note 7.(3)    Includes $9 and $12 of basis differences in equity earnings related to AOCI in 2023 and 2022, respectively. 

2024 Form 10-K  |  F-61

We provide the contributions to and distributions from our investments by segment in the following tables.EXPENDITURES FOR INVESTMENTS(Dollars in millions) Years ended December 31, 202420232022Sempra Texas Utilities:Oncor Holdings$972 $363 $341 Sharyland Holdings4 4 5 976 367 346 Sempra Infrastructure:Cameron LNG JV12 15 30 12 15 30 Total$988 $382 $376 

DISTRIBUTIONS FROM INVESTMENTS(Dollars in millions) Years ended December 31, 202420232022Sempra Texas Utilities:Oncor Holdings(1)$616 $441 $340 Sharyland Holdings4 4 5 620 445 345 Sempra Infrastructure:Cameron LNG JV453 456 509 IMG33 11 — TAG Norte62 36 32 548 503 541 Segment totals1,168 948 886 Parent and other – RBS