Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 419

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 419
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pra$31,558 $27,759 (1)    Callable long-term debt not subject to make-whole provisions.

2024 Form 10-K  |  F-70

At December 31, 2024, scheduled maturities of long-term debt are as follows:MATURITIES OF LONG-TERM DEBT(1)(Dollars in millions) SDG&ESoCalGasOtherSempraTotalSempra2025$— $350 $1,862 $2,212 2026750 504 599 1,853 2027— 700 799 1,499 2028600 5 1,358 1,963 2029— — 584 584 Thereafter7,600 5,800 11,388 24,788 Total$8,950 $7,359 $16,590 $32,899 (1)    Excludes finance lease obligations, discounts, and debt issuance costs. Various long-term obligations totaling $16.2 billion at Sempra at December 31, 2024 are unsecured. This includes unsecured long-term obligations totaling $709 million at SoCalGas.Callable Long-Term DebtAt the option of Sempra, SDG&E and SoCalGas, certain debt at December 31, 2024 is callable subject to premiums:CALLABLE LONG-TERM DEBT(Dollars in millions) SDG&ESoCalGasOtherSempraTotalSempraNot subject to make-whole provisions$— $4 $6,687 $6,691 Subject to make-whole provisions8,950 7,350 9,903 26,203 First Mortgage BondsSDG&E and SoCalGas issue first mortgage bonds secured by liens on their respective utility plant assets. SDG&E and SoCalGas may issue additional first mortgage bonds if in compliance with the provisions of their bond agreements (indentures). These indentures require, among other things, the satisfaction of pro forma earnings-coverage tests on first mortgage bond interest and the availability of sufficient mortgaged property to support the additional bonds, after giving effect to prior bond redemptions. The most restrictive of these tests (the property test) would permit the issuance, subject to CPUC authorization, of additional first mortgage bonds of $8.8 billion at SDG&E and $1.6 billion