Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 314

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 314
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al bonds— 296 — 296 Other securities— 254 — 254 Total debt securities28 576 — 604 Total nuclear decommissioning trusts(2)336 581 — 917 Commodity contracts subject to rate recovery3 — 6 $22 31 Total$339 $581 $6 $22 $948 Liabilities:    Commodity contracts subject to rate recovery$14 $— $— $(14)$—  Fair value at December 31, 2024SDG&E:Assets:    Nuclear decommissioning trusts:    Short-term investments, primarily cash equivalents$8 $2 $— $10 Equity securities295 3 — 298 Debt 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.

74

RECURRING FAIR VALUE MEASURES(Dollars in millions)Level 1Level 2Level 3Netting(1)TotalFair value at September 30, 2025SoCalGas:Assets:    Commodity contracts subject to rate recovery$— $8 $— $3 $11 Liabilities:    Commodity contracts subject to rate recovery$20 $106 $— $(48)$78  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 $