Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 228

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 228
---
 Total allowances for credit losses$99 $114 SoCalGas:Accounts receivable – trade, net$212 $251 Accounts receivable – other, net32 28 Other long-term assets(1)8 6 Total allowances for credit losses$252 $285 (1)    In January 2024, the CPUC directed SDG&E and SoCalGas to offer long-term repayment plans to eligible residential customers with past-due balances.(2)    At June 30, 2025 and December 31, 2024, includes $4 million and $5 million, respectively, of expected credit losses on an interest-bearing promissory note due from KKR Pinnacle.

33

Table of Contents

Off-Balance Sheet Credit ExposuresWe are exposed to credit losses from off-balance sheet arrangements through Sempra’s guarantees, which we discuss in Note 12. On a quarterly basis, we evaluate credit losses and record liabilities for expected credit losses on our off-balance sheet arrangements based on external credit ratings, published default rate studies and the maturity date of the arrangements.Allowances for credit losses related to off-balance sheet arrangements are included in the Condensed Consolidated Balance Sheets as follows:ALLOWANCES FOR CREDIT LOSSES(Dollars in millions)June 30,December 31,20252024Sempra:Other current liabilities$6 $— Deferred credits and other5 5 Total allowances for credit losses$11 $5 

34

Table of Contents

TRANSACTIONS WITH AFFILIATESWe summarize amounts due from and to unconsolidated affiliates at the Registrants in the following table.AMOUNTS DUE FROM (TO) UNCONSOLIDATED AFFILIATES(Dollars in millions) June 30,2025December 31,2024Sempra:  Tax sharing agreement with Oncor Holdings$— $8 Various affiliates3 5 Total due from unconsolidated affiliates – current$3 $13 Tax sharing arrangement with Oncor Holdings$(8)$— Total due to unconsolidated affiliates – current$(8)$— TAG Pipelines(1):5.5% Note due January 14, 2026$— $(8)5.5% Note due July 14, 2026— (12)5.5% Note due January 19, 2027— (15)5