Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 129

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 129
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| • | Exclude gains or losses related to legacy litigation matters. |

| • | Include 10% of any gains or losses related to asset sales and impairments in connection with a sale to the extent the earnings impact of such item is not included in the ABP Earnings target. This is because the Compensation and Talent Development Committee believes that the impact of asset sales should be measured primarily through stock price. Most of the impact would then be reflected in the long-term incentive plan. |

| • | Exclude items that are required to be excluded from annual bonus plan compensation under the SDG&E and/or SoCalGas General Rate Case final decisions. |

| • | Exclude any earnings impact associated with the decommissioning of the San Onofre Nuclear Generating Station (SONGS). |

| • | Exclude the variance from plan of the liability insurance expense not recoverable through balancing accounts. |

| • | Exclude variance from plan of any impairments of the California Assembly Bill 1054 wildfire fund. |

| • | Exclude variance to plan of the impact of material, pending regulatory matters, such as the California Cost of Capital and U.S. Federal Energy Regulatory Commission (FERC) Independent System Operator adder. |

| • | Exclude one-time nonqualified pension settlement charges and LTIP tax windfall or shortfall to the extent such items are not included in the ABP Earnings target. |

| • | Limit impact of rabbi trust results (net of deferred compensation) to +/-5% (percentage points) of the ABP Earnings result as calculated without such gains or losses. |

| • | Limit the impact of the SDG&E and SoCalGas General Rate Case outcomes to +/-15% (+/-$37 million) of the ABP Earnings metric to the extent such impacts are not included in the ABP Earnings target. |

| 102 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Appendix B

RESULTS OF 2024 SUSTAINABILITY MEASURES The performance factors set forth below are applicable, unless otherwise noted, to Sempra and its U.S. operating companies, excluding Oncor:

| ENVIRONMENTAL                                                                                                                                                                                           |     |        |     |                                                                                                                                                                                                                                                                                                                                |
| Goal                                                                                                                                                                                                    |     | Status |     | Commentary                                                                                                                                                                                                                                                                                                                     |
| At Sempra, implement refreshed sustainable business strategies, including aligning enterprise disclosures, key sustainability performance indicators (KPIs) and reporting.                              |     |        |     | Completed update of sustainable business strategies and associated K