Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 30

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 30
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 transportation services agreement and to re-route the portion of the pipeline that is in the Yaqui territory, whereby the CFE would pay for the re-routing with a new tariff. This amendment will terminate if certain conditions are not met, and Sempra Infrastructure retains the right to terminate the transportation services agreement and seek to recover its reasonable and documented costs and lost profit. Sempra Infrastructure continues to acquire and pursue the necessary rights-of-way and permits for the portion of the pipeline that needs to be re-routed.The Guaymas-El Oro segment will continue to be owned by and a Sole Risk Project of Sempra after closing the sale of a portion of our equity interest in SI Partners, which we discuss in Note 6. At September 30, 2025, Sempra Infrastructure has $391 million in PP&E, net, related to the Guaymas-El Oro segment of the Sonora pipeline, which could be subject to impairment if, among other things, Sempra Infrastructure is unable to re-route a portion of the pipeline and resume operations or if Sempra Infrastructure terminates the contract and is unable to obtain recovery.

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CAPITALIZED FINANCING COSTSThe table below summarizes capitalized financing costs, comprised of capitalized interest and AFUDC related to debt.CAPITALIZED FINANCING COSTS(Dollars in millions)Three months ended September 30,Nine months ended September 30, 2025202420252024Sempra$205 $166 $574 $466 SDG&E25 27 82 80 SoCalGas25 25 75 75 

ASSET RETIREMENT OBLIGATIONSWe discuss AROs in Note 1 of the Notes to Consolidated Financial Statements in the Annual Report. We summarize changes in AROs in the following table.CHANGES IN ASSET RETIREMENT OBLIGATIONS(Dollars in millions)SempraSDG&ESoCalGas202520242025202420252024Balance at January 1(1)$3,925 $3,831 $900 $894 $2,930 $2,847 Accretion expense(2)121 115 30 27 88 84 Liabilities incurred9 — 9 — — — Payments(48)(45)(39)(40)(9)(5)Revisions(2)50 (9)(6)— 59 (9)Reclassification to liabilities held for sale(