Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 262

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 262
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 FOR CREDIT LOSSES(Dollars in millions)September 30,December 31,20252024Sempra:Accounts receivable – trade, net$270 $447 Accounts receivable – other, net53 53 Other long-term assets(1)(2)21 19 Total allowances for credit losses$344 $519 SDG&E:Accounts receivable – trade, net$61 $81 Accounts receivable – other, net27 25 Other long-term assets(1)5 8 Total allowances for credit losses$93 $114 SoCalGas:Accounts receivable – trade, net$209 $251 Accounts receivable – other, net26 28 Other long-term assets(1)12 6 Total allowances for credit losses$247 $285 (1)    In January 2024, the CPUC directed SDG&E and SoCalGas to offer long-term repayment plans to eligible residential customers with past-due balances.(2)    At September 30, 2025 and December 31, 2024, includes $4 and $5, respectively, of expected credit losses on an interest-bearing promissory note due from KKR Pinnacle.Off-Balance Sheet Credit ExposuresWe are exposed to credit losses from off-balance sheet arrangements through Sempra’s guarantees, which we discuss in Note 13. On a quarterly basis, we evaluate credit losses and record liabilities for expected credit losses on our off-balance sheet arrangements based on external credit ratings, published default rate studies and the maturity date of the arrangements. On Sempra’s Condensed Consolidated Balance Sheets, expected credit losses of $5 million are included in Deferred Credits and Other at both September 30, 2025 and December 31, 2024, and $3 million are included in Liabilities Held for Sale at September 30, 2025.

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TRANSACTIONS WITH AFFILIATESWe summarize amounts due from and to unconsolidated affiliates at the Registrants in the following table.AMOUNTS DUE FROM (TO) UNCONSOLIDATED AFFILIATES(Dollars in millions) September 30,2025December 31,2024Sempra:  Tax sharing agreement with Oncor Holdings$— $8 Various affiliates— 5 Total due from unconsolidated affiliates – current(1)$— $13 Tax sharing arrangement with