Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 395

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 395
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ivables from Revenues from Contracts with CustomersThe table below shows receivable balances, net of allowances for credit losses, associated with revenues from contracts with customers on the Consolidated Balance Sheets.RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS(Dollars in millions)December 31,20242023Sempra:Accounts receivable – trade, net(1)$1,787 $1,951 Accounts receivable – other, net12 15 Due from unconsolidated affiliates – current(2)4 4 Other long-term assets(3)18 — Total$1,821 $1,970 SDG&E:Accounts receivable – trade, net(1)$774 $870 Accounts receivable – other, net11 13 Due from unconsolidated affiliates – current(2)6 6 Other long-term assets(3)4 — Total$795 $889 SoCalGas:Accounts receivable – trade, net$932 $985 Accounts receivable – other, net1 2 Other long-term assets(3)14 — Total$947 $987 (1)     At December 31, 2024 and 2023, includes $144 and $148, respectively, of receivables due from customers that were billed on behalf of CCAs, which are not included in revenues.(2)     Amount is presented net of amounts due to unconsolidated affiliates on the Consolidated Balance Sheets, when right of offset exists.(3)     In January 2024, the CPUC directed SDG&E and SoCalGas to offer long-term repayment plans to eligible residential customers with past-due balances.REVENUES FROM SOURCES OTHER THAN CONTRACTS WITH CUSTOMERSCertain of our revenues are derived from sources other than contracts with customers and are accounted for under other accounting standards outside the scope of ASC 606.Utilities Regulatory RevenuesAlternative Revenue ProgramsWe recognize revenues from alternative revenue programs when the regulator-specified conditions for recognition have been met and adjust these revenues as they are recovered or refunded through future utility service.Decoupled Revenues. As we discuss above, the regulatory framework requires SDG&E and SoCalGas to recover authorized revenue based on estimated annual demand forecasts approved in regular proceedings before the CPUC. However, actual demand for natural gas and electricity will generally vary from CPUC-approved forecasted demand due to the impacts from weather