Company: SREA
Filing Date: 2025-09-23
Form Type: 8-K
Source: 0001032208-25-000055
Chunk: 5

Company: SEMPRA
Filing Date: 2025-09-23
Form: 8-K
Item: Item 8.01
Chunk 5
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, a majority of the board of managers will be appointed by the JVCo Member, subject to certain approval rights of the Investor Members. Distributions from JVCo will initially be made at 59.9% to the Investor Members and 40.1% to the JVCo Member and are subject to adjustment in certain circumstances. Under the limited liability company agreement, Sempra Infrastructure Partners will make certain capital contribution commitments to the JVCo Member in an aggregate amount of up to $7.8 billion to fund the JVCo Member’s share of budgeted costs of construction of the PA LNG Phase 2 project.

Upon the occurrence of certain events, including a failure to complete the PA LNG Phase 2 project by a specified date, extended incidents of operational underperformance, or termination of LNG offtake contracts that have not been replaced, an affiliate of Sempra Infrastructure Partners will be required to pay a lump-sum payment to the Investor Members that is generally calculated based on the Investor Members’ capital contributions to the PA LNG Phase 2 project. After making any such payment, the JVCo Member will have the right to purchase the equity interests held by the Investor Members and then become the sole owner of the PA LNG Phase 2 project.

Item 7.01 Regulation FD Disclosure.