Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 261

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 261
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 same counterparty when a legal right of offset exists. The following tables provide the fair values of derivative instruments on the Condensed Consolidated Balance Sheets, including the amount of cash collateral receivables that were not offset because the cash collateral was in excess of liability positions. We discuss the fair value of derivative assets and liabilities in Note 9.DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in millions) June 30, 2025 Current assets: Fixed-price contracts and other derivatives(1)Other long-term assetsOther currentliabilitiesDeferred credits and otherSempra:    Derivatives designated as hedging instruments:    Interest rate instruments$7 $21 $— $— Foreign exchange instruments— — (7)— Derivatives not designated as hedging instruments:    Interest rate instruments11 185 — — Commodity contracts not subject to rate recovery17 16 (37)(36)Associated offsetting commodity contracts(12)(16)12 16 Commodity contracts subject to rate recovery25 7 (52)(13)Associated offsetting commodity contracts(22)(4)22 4 Associated offsetting cash collateral— — 6 — Net amounts presented on the balance sheet26 209 (56)(29)Additional cash collateral for commodity contractsnot subject to rate recovery80 — — — Additional cash collateral for commodity contractssubject to rate recovery36 — — — Total$142 $209 $(56)$(29)SDG&E:    Derivatives not designated as hedging instruments:    Commodity contracts subject to rate recovery$4 $7 $(9)$(4)Associated offsetting commodity contracts(2)(4)2 4 Associated offsetting cash collateral— — 6 — Net amounts presented on the balance sheet2 3 (1)— Additional cash collateral for commodity contractssubject to rate recovery34 — — — Total$36 $3 $(1)$— SoCalGas:    Derivatives not designated as hedging instruments:    Commodity contracts subject to rate recovery$21 $— $(43)$(9)Associated offsetting commodity contracts(20)— 20 — Net amounts presented on the balance sheet1 — (23)(9)