Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 464

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 464
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220 Total debt securities34 512 — 546 Total nuclear decommissioning trusts(2)361 518 — 879 Commodity contracts subject to rate recovery— — 10 $21 31 Total$361 $518 $10 $21 $910 Liabilities: Commodity contracts subject to rate recovery$20 $— $— $(19)$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.

2024 Form 10-K  |  F-108

RECURRING FAIR VALUE MEASURES(Dollars in millions)Level 1Level 2Level 3Netting(1)Total 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)$43  Fair value at December 31, 2023SoCalGas:Assets: Commodity contracts subject to rate recovery$— $1 $— $1 $2 Liabilities: Commodity contracts subject to rate recovery$— $210 $— $— $210 (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 and, until December 31, 2022, fixed-price electricity positions, classified as Level 3 in the fair value hierarchy for Sempra and SDG&E.LEVEL 3 RECONCILIATIONS(1)(Dollars in millions) 202420232022Balance at January 1$10 $35 $54 Realized and unrealized gains (losses), net(10)(17)(56)Allocated transmission instruments3 (1)(4)Settlements1 (7)41 Balance at December 31$4 $10 $35 Change in unrealized losses relating to instruments still held at December 31$(4)$(13)