Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 202

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 202
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ollars in millions)Six months ended June 30,SempraSDG&ESoCalGas2025$1,891 $403 $(109)20241,618 166 (60)Change$273 $237 $(49)Higher issuances of long-term debt$2,226 $254 $593 Change in borrowings and repayments of short-term debt, net1,499 (417)714 Lower distributions to NCI112 Higher common dividends paid(46)Higher payments on short-term debt with maturities greater than 90 days(510)(700)Lower issuances of short-term debt with maturities greater than 90 days(580)(300)Lower contributions from NCI(703)(Higher) lower payments on long-term debt and finance leases(1,704)401 (352)Other(21)(1)(4)$273 $237 $(49)

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Table of Contents

Capital Expenditures for PP&E and Investments

CAPITAL EXPENDITURES FOR PP&E AND INVESTMENTS(Dollars in millions)Six months ended June 30, 20252024Sempra:Sempra California(1)$2,315 $2,212 Sempra Texas Utilities971 385 Sempra Infrastructure2,323 1,619 Segment totals5,609 4,216 Parent and other3 1 Total Sempra$5,612 $4,217 

(1)    Includes capital expenditures for PP&E of $1,270 and $1,234 at SDG&E and $1,045 and $978 at SoCalGas for 2025 and 2024, respectively.

We expect capital expenditures for PP&E and investments in 2025 to total $12.1 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 $12.5 billion. 

In addition, Oncor anticipates that its capital plan will grow over the 2025 through 2029 period, particularly in the latter years of its five-year capital plan,