Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 403

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 403
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 and debt for 2025.

2024 Form 10-K  |  F-59

The following table summarizes the cost of capital for SDG&E and SoCalGas. The authorized weighting remained unchanged for each of the years presented. AUTHORIZED COST OF CAPITALAuthorized weighting202220232024202520222023(1)20242025Return on rate baseWeighted return on rate baseSDG&E:Long-Term Debt45.25 %4.59 %4.05 %4.34 %4.34 %2.08 %1.83 %1.96 %1.96 %Preferred Equity2.75 6.22 6.22 6.22 6.22 0.17 0.17 0.17 0.17 Common Equity52.00 10.20 9.95 10.65 10.23 5.30 5.17 5.54 5.32 100.00 %7.55 %7.18 %7.67 %7.45 %SoCalGas:Long-Term Debt45.60 %4.23 %4.07 %4.54 %4.63 %1.93 %1.86 %2.07 %2.11 %Preferred Equity2.40 6.00 6.00 6.00 6.00 0.14 0.14 0.14 0.14 Common Equity52.00 10.05 9.80 10.50 10.08 5.23 5.10 5.46 5.24 100.00 %7.30 %7.10 %7.67 %7.49 %(1)    Total weighted return on rate base for SDG&E does not sum due to rounding differences.FERC RATE MATTERSSDG&E files separately with the FERC for its authorized transmission revenue requirement and ROE on FERC-regulated electric transmission operations and assets. TO5 SettlementSDG&E’s authorized TO5 settlement provided for an ROE of 10.60%, consisting of a base ROE of 10.10% plus the California ISO adder. In December 2024, the FERC issued an order, which SDG&E has appealed, finding that SDG&E is not eligible