Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 245

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 245
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,2025December 31,2024Fixed-price contracts and otherderivatives$34 $53 $3 $11 $31 $42 Deferred income taxes recoverable inrates1,972 1,689 929 802 974 817 Pension and PBOP plan obligations(431)(458)19 (2)(450)(456)Employee benefit costs19 19 3 3 16 16 Removal obligations(3,400)(3,295)(2,794)(2,676)(606)(619)Environmental costs148 149 114 115 34 34 Sunrise Powerlink fire mitigation123 124 123 124 — — Regulatory balancing accounts(1)(2):Commodity – electric(40)(313)(40)(313)— — Commodity – gas, including transportation(48)(47)2 86 (50)(133)Safety and reliability819 820 277 227 542 593 Public purpose programs(462)(439)(212)(219)(250)(220)2024 GRC retroactive impacts539 631 229 277 310 354 Wildfire mitigation plan912 808 912 808 — — Liability insurance premium(43)(24)(32)(15)(11)(9)Other balancing accounts272 158 (102)(51)374 209 Other regulatory (liabilities) assets,net(2)165 164 86 87 80 79 Total$579 $39 $(483)$(736)$994 $707 (1)    At June 30, 2025 and December 31, 2024, the noncurrent portion of regulatory balancing accounts – net undercollected for Sempra was $1,696 and $1,731, respectively, for SDG&E was $921 and $873, respectively, and for SoCalGas was $775 and $858, respectively.(2)    Includes regulatory assets earning a return authorized by applicable regulators, which generally approximates the three-month commercial paper rate.In July 2025, the CPUC issued an FD that authorizes partial recovery of costs recorded in SoCalGas’ Catastrophic Event Memorandum Account. The FD authorizes the recovery of $19 million out of the requested $55 million, denying recovery of COVID-19 costs included in the Catastrophic Event Memorandum Account. In the