Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 22

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 22
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able since August 2017 because it was not able to be repaired due to legal challenges, which were resolved in March 2023, by some members of the Yaqui tribe. Sempra Infrastructure and the CFE have agreed to an amendment to their 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. At March 31, 2025, Sempra Infrastructure had $398 million in PP&E, net, related to the Guaymas-El Oro segment of the Sonora pipeline, which could be subject to impairment if 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. 

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 March 31, 20252024Sempra$174 $145 SDG&E25 26 SoCalGas25 24 

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COMPREHENSIVE INCOMEThe following tables present the changes in AOCI by component and amounts reclassified out of AOCI to net income, after amounts attributable to NCI.CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT(1)(Dollars in millions) ForeigncurrencytranslationadjustmentsFinancialinstrumentsPensionand PBOPTotalAOCI Three months ended March 31, 2025 and 2024Sempra:Balance at December 31, 2024$(66)$15 $(115)$(166)OCI before reclassifications— (31)(2)(33)Amounts reclassified from AOCI— (1)5 4 Net OCI— (32)3 (29)Balance at March 31, 2025$(66)$(17)$(112)$(195)   Balance at December 31, 2023$(36)$3 $(