Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 90

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 90
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)298 Debt securities:    Debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies67 1 (1)67 Municipal bonds295 1 (9)287 Other securities234 2 (8)228 Total debt securities596 4 (18)582 Receivables (payables), net(15)— — (15)Total$669 $227 $(21)$875 (1)    Maturity dates are 2025-2056.(2)    Maturity dates are 2025-2065.(3)    Maturity dates are 2025-2070.The following table shows the proceeds from sales of securities in the NDT and gross realized gains and losses on those sales.SALES OF SECURITIES IN THE NUCLEAR DECOMMISSIONING TRUSTS(Dollars in millions) Three months ended September 30,Nine months ended September 30, 2025202420252024Proceeds from sales$210 $259 $709 $639 Gross realized gains12 17 43 41 Gross realized losses1 2 6 7 Net unrealized gains and losses, as well as realized gains and losses that are reinvested in the NDT, are included in noncurrent Regulatory Liabilities on Sempra’s and SDG&E’s Condensed Consolidated Balance Sheets. We determine the cost of securities in the trusts on the basis of specific identification.ASSET RETIREMENT OBLIGATIONThe present value of SDG&E’s ARO related to decommissioning costs for all three SONGS units is $448 million at September 30, 2025 and is based on a cost study prepared in 2024, which is pending CPUC approval. SDG&E expects to receive an FD in the first half of 2026.

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NOTE 13. COMMITMENTS, CONTINGENCIES AND GUARANTEES

LEGAL PROCEEDINGSWe accrue losses for a legal proceeding when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. However, the uncertainties inherent in legal proceedings make it difficult to reasonably estimate the costs and effects of resolving these matters. Accordingly, actual costs incurred may differ materially from amounts accrued, may exceed, and in some cases have exceeded, applicable insurance coverage and could materially adversely affect our business, results of operations,