Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 269

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 269
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 securities:   Debt securities issued by the U.S. Treasury and other U.S.government corporations and agencies41 26 — 67 Municipal bonds— 287 — 287 Other securities— 228 — 228 Total debt securities41 541 — 582 Total nuclear decommissioning trusts(2)344 546 — 890 Commodity contracts subject to rate recovery4 — 4 $17 25 Total$348 $546 $4 $17 $915 Liabilities:   Commodity contracts subject to rate recovery$18 $1 $— $(18)$1 (1)    Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash collateral not offset.(2)    Excludes receivables (payables), net.

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RECURRING FAIR VALUE MEASURES(Dollars in millions)Level 1Level 2Level 3Netting(1)TotalFair value at June 30, 2025SoCalGas:Assets:    Commodity contracts subject to rate recovery$1 $20 $— $(18)$3 Liabilities:    Commodity contracts subject to rate recovery$1 $51 $— $(20)$32  Fair value at December 31, 2024SoCalGas:Assets:    Commodity contracts subject to rate recovery$2 $1 $— $1 $4 Liabilities:    Commodity contracts subject to rate recovery$2 $44 $— $(3)$43 (1)    Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash collateral not offset. 

Level 3 InformationSDG&EThe table below sets forth reconciliations of changes in the fair value of CRRs classified as Level 3 in the fair value hierarchy for Sempra and SDG&E.LEVEL 3 RECONCILIATIONS(1)(Dollars in millions) Three months ended June 30, 20252024Balance at April 1$4 $9 Realized and unrealized gains (losses), net(1)(2)Allocated transmission instruments1 — Settlements(1)(1)Balance at June 30$