Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 63

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 63
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 exchange instruments— 5 — — 5 Commodity contracts not subject to rate recovery— 39 — 2 41 Commodity contracts subject to rate recovery6 1 4 18 29 Total$414 $884 $29 $20 $1,347 Liabilities:Commodity contracts not subject to rate recovery$1 $63 $— $(38)$26 Commodity contracts subject to rate recovery20 45 — (21)44 Total$21 $108 $— $(59)$70 (1)    Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash collateral not offset.(2)    Excludes receivables (payables), net.

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Table of Contents

RECURRING FAIR VALUE MEASURES(Dollars in millions)Level 1Level 2Level 3Netting(1)TotalFair value at June 30, 2025SDG&E:Assets:    Nuclear decommissioning trusts:    Short-term investments, primarily cash equivalents$14 $2 $— $16 Equity securities282 3 — 285 Debt securities:    Debt securities issued by the U.S. Treasury and otherU.S. government corporations and agencies31 18 — 49 Municipal bonds— 294 — 294 Other securities— 246 — 246 Total debt securities31 558 — 589 Total nuclear decommissioning trusts(2)327 563 — 890 Commodity contracts subject to rate recovery8 — 3 $28 39 Total$335 $563 $3 $28 $929 Liabilities:    Commodity contracts subject to rate recovery$12 $1 $— $(12)$1  Fair value at December 31, 2024SDG&E:Assets:    Nuclear decommissioning trusts:    Short-term investments, primarily cash equivalents$8 $2 $— $10 Equity securities295 3 — 298 Debt securities:   Debt securities issued by the U.S. Treasury and other U.S.government corporations and agencies41 26 — 67 Municipal bonds— 287 — 287 Other securities