Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 251

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 251
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 million and $385 million, respectively, to Oncor Holdings, and Oncor Holdings distributed $283 million and $214 million, respectively, to Sempra. On July 30, 2025, Sempra contributed $519 million to Oncor Holdings, and on July 29, 2025, Oncor Holdings distributed $175 million to Sempra.

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We provide summarized income statement information for Oncor Holdings in the following table.SUMMARIZED FINANCIAL INFORMATION – ONCOR HOLDINGS(Dollars in millions) Three months ended June 30,Six months ended June 30,2025202420252024Operating revenues$1,654 $1,492 $3,202 $2,950 Operating expenses(1,167)(1,043)(2,324)(2,094)Income from operations487 449 878 856 Interest expense(192)(161)(377)(311)Income tax expense(57)(55)(97)(104)Net income257 248 436 471 NCI held by Texas Transmission Investment LLC(51)(50)(87)(94)Earnings attributable to Sempra(1)206 198 349 377 (1)    Excludes adjustments to equity earnings related to amortization of a tax sharing liability associated with a tax sharing agreement and changes in basis differences in AOCI within the carrying value of our equity method investment. 

CAMERON LNG JVIn the six months ended June 30, 2025 and 2024, Sempra Infrastructure contributed $1 million and $2 million, respectively, to Cameron LNG JV, and Cameron LNG JV distributed $233 million and $204 million, respectively, to Sempra Infrastructure.

TAG NORTEIn the six months ended June 30, 2025 and 2024, TAG Norte distributed $45 million and $62 million, respectively, to Sempra Infrastructure.

NOTE 6. SEMPRA – POTENTIAL DIVESTITURES

SEMPRA INFRASTRUCTUREAssets Held for SaleWe classify assets as held for sale once all applicable criteria under U.S. GAAP have been satisfied, including when management, having the authority to approve the action, commits to a formal plan to actively market an asset for sale and expects the sale to close within the next twelve months. Upon classifying an asset as held for sale, we record the asset at the lower of its carrying value or its estimated fair value reduced for selling costs