Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 200

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 200
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 otherderivatives$39 $53 $6 $11 $33 $42 Deferred income taxes recoverable inrates1,894 1,689 878 802 947 817 Pension and PBOP plan obligations(436)(458)7 (2)(443)(456)Employee benefit costs19 19 3 3 16 16 Removal obligations(3,321)(3,295)(2,726)(2,676)(595)(619)Environmental costs147 149 114 115 33 34 Sunrise Powerlink fire mitigation121 124 121 124 — — Regulatory balancing accounts(1)(2):Commodity – electric(220)(313)(220)(313)— — Commodity – gas, including transportation(49)(47)51 86 (100)(133)Safety and reliability804 820 244 227 560 593 Public purpose programs(460)(439)(215)(219)(245)(220)2024 GRC retroactive impacts656 631 280 277 376 354 Wildfire mitigation plan873 808 873 808 — — Liability insurance premium(33)(24)(22)(15)(11)(9)Other balancing accounts(178)158 (202)(51)24 209 Other regulatory (liabilities) assets,net(2)165 164 87 87 79 79 Total$21 $39 $(721)$(736)$674 $707 (1)    At March 31, 2025 and December 31, 2024, the noncurrent portion of regulatory balancing accounts – net undercollected for Sempra was $1,824 and $1,731, respectively, for SDG&E was $937 and $873, respectively, and for SoCalGas was $887 and $858, respectively.(2)    Includes regulatory assets earning a return authorized by applicable regulators, which generally approximates the three-month commercial paper rate.In April 2025, the CPUC issued a proposed decision that authorizes partial recovery of costs recorded in SoCalGas’ Catastrophic Event Memorandum Account and COVID-19 Pandemic Protections Memorandum Account. The decision authorizes the recovery of $19 million out of the requested $58 million. SoCalGas will continue to pursue recovery of all the costs and will be filing comments in May