Company: SREA
Filing Date: 2025-06-23
Form Type: 8-K
Source: 0001032208-25-000038
Chunk: 1

Company: SEMPRA
Filing Date: 2025-06-23
Form: 8-K
Item: Item 7.01
Chunk 1
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or will vary depending on, among other things, Oncor’s (i) amount, type and timing of T& D capital expenditures, (ii) cost of debt, (iii) capital structure, and (iv) authorized return on equity. Taking the above factors into consideration, this alternative method as compared to existing capital trackers is expected to improve earned annual returns on equity at Oncor by approximately 50 to 100 basis points, which range may vary over time.

Oncor expects to make its first comprehensive UTM filing in the first half of 2026 with a view toward recovering the costs associated with eligible T& D investments that were placed into service after December 31, 2024 and that are not currently reflected in rates. In the interim, Oncor plans to immediately begin recognizing accrued revenues and a regulatory asset for costs associated with eligible capital investments placed into service after December 31, 2024.

The impact of Oncor’s anticipated use of the UTM instead of existing capital trackers on Sempra’s diluted earnings-per-common-share (EPS) is expected to fall within its previously announced 2025 and 2026 EPS guidance ranges, as computed in accordance with generally accepted accounting principles in the United States of America and on an adjusted basis. Sempra hereby affirms the referenced EPS guidance ranges.

The information furnished in this Item 7.01 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing of Sempra, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this report. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this report, forward-looking statements can be identified by words such as “believe,” “expect,” “intend,” “anticipate,” “contemplate,” “plan,” “estimate,” “project,” “forecast,” “envision,” “should,” “could,” “would,” “will,” “confident,” “may,”