Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 176

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 176
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 SempraSDG&ESoCalGasUnrestricted cash and cash equivalents(1)$155 $28 $— Available unused credit(2)7,628 1,500 989 

(1)    Amounts at Sempra include $81 held in non-U.S. jurisdictions. We discuss repatriation in Note 7 of the Notes to Consolidated Financial Statements in the Annual Report.

(2)    Available unused credit is the total available on committed and uncommitted lines of credit that we discuss in Note 7 of the Notes to Condensed Consolidated Financial Statements. Because our commercial paper programs are supported by these lines, we reflect the amount of commercial paper outstanding and any letters of credit outstanding as a reduction to the available unused credit.

Short-Term Borrowings

We use short-term debt primarily to meet liquidity requirements, fund shareholder dividends, and temporarily finance capital expenditures or acquisitions. SDG&E and SoCalGas use short-term debt primarily to meet working capital needs or to help fund event-specific costs. Commercial paper and lines of credit were our primary sources of short-term debt funding in the first six months of 2025.

We discuss our short-term debt activities in Note 7 of the Notes to Condensed Consolidated Financial Statements and below in “Sources and Uses of Cash.”

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Table of Contents

Long-Term Debt Activities

Significant issuances of and payments on long-term debt in the first six months of 2025 included the following:

LONG-TERM DEBT ISSUANCES AND PAYMENTS(Dollars in millions)Issuances:Amount at issuanceMaturitySDG&E 5.40% first mortgage bonds$850 2035SoCalGas 5.45% first mortgage bonds600 2035SoCalGas 6.00% first mortgage bonds500 2055Sempra Infrastructure variable rate notes (ECA LNG Phase 1 project)125 2027Sempra Infrastructure variable rate term loan (PA LNG Phase 1 project)1,542 2030Sempra Infrastructure 6.27% senior secured notes (PA LNG Phase 1 project)750 2042Sempra Infrastructure 6.32% senior secured notes (PA LNG Phase 1 project)250 2042Payments:PaymentsMaturitySoCalGas 3.20% first mortgage bonds$350 2025Sempra 3.30% notes750 2025Sempra Infrastructure variable rate term loan (PA LNG Phase 1 project)983