Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 289

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 289
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 capital, as adjusted in accordance with PUCT rules, at the end of the previous calendar year as reported in the Earnings Monitoring Report filed with the PUCT on an annual basis. Oncor’s regulatory rate base as reported in these filings as of December 31, 2023 and 2022 was $23.1 billion and $20.7 billion, respectively. As calculated on a similar basis, its estimated regulatory rate base at December 31, 2024 was $26.6 billion. The increase in rate base reflects the significant capital investments that Oncor has made in its transmission and distribution system, and we expect rate base to continue to increase in 2025 based on Oncor’s expected capital investments.

Capital Stock Transactions

Sempra 

Cash provided by issuances of common stock was:

▪$1,219 million in 2024 

▪$145 million in 2023 

▪$4 million in 2022 

Cash used for repurchases of common stock was:

▪$43 million in 2024 

▪$32 million in 2023 

▪$478 million in 2022 

We discuss the issuances and repurchases of common stock in Note 12 of the Notes to Consolidated Financial Statements.

Dividends

Sempra 

Sempra paid cash dividends of:

▪$1,499 million for common stock and $44 million for preferred stock in 2024 

▪$1,483 million for common stock and $44 million for preferred stock in 2023 

▪$1,430 million for common stock and $44 million for preferred stock in 2022 

2024 Form 10-K  |  99

DIVIDENDS PER SHARE ON SEMPRA COMMON STOCK(As approved by our board of directors)

On February 24, 2025, our board of directors declared a dividend of $0.645 per share on our common stock and a dividend of $24.375 per share on our series C preferred stock, both payable on April 15, 2025. 

All declarations of dividends on our common stock and preferred stock are made at the discretion of the board of directors. While we view dividends as an integral component of shareholder return, the amount of future dividends will depend on earnings, cash flows, financial and legal requirements, and other relevant factors at that time. As a result, Sempra’s dividends on common stock and preferred stock declared on a historical basis may