Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 52

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 52
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    Excludes receivables (payables), net.

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RECURRING FAIR VALUE MEASURES(Dollars in millions)Level 1Level 2Level 3Netting(1)TotalFair value at March 31, 2025SDG&E:Assets:    Nuclear decommissioning trusts:    Short-term investments, primarily cash equivalents$16 $2 $— $18 Equity securities277 3 — 280 Debt securities:    Debt securities issued by the U.S. Treasury and otherU.S. government corporations and agencies35 26 — 61 Municipal bonds— 288 — 288 Other securities— 236 — 236 Total debt securities35 550 — 585 Total nuclear decommissioning trusts(2)328 555 — 883 Commodity contracts subject to rate recovery9 — 4 $14 27 Total$337 $555 $4 $14 $910 Liabilities:    Commodity contracts subject to rate recovery$18 $1 $— $(18)$1  Fair value at December 31, 2024SDG&E:Assets:    Nuclear decommissioning trusts:    Short-term investments, primarily cash equivalents$8 $2 $— $10 Equity securities295 3 — 298 Debt securities:   Debt securities issued by the U.S. Treasury and other U.S.government corporations and agencies41 26 — 67 Municipal bonds— 287 — 287 Other securities— 228 — 228 Total debt securities41 541 — 582 Total nuclear decommissioning trusts(2)344 546 — 890 Commodity contracts subject to rate recovery4 — 4 $17 25 Total$348 $546 $4 $17 $915 Liabilities:   Commodity contracts subject to rate recovery$18 $1 $— $(18)$1 (1)    Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash collateral not offset.(2)    Excludes receivables (payables), net.

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RECURRING FAIR VALUE MEAS