Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 312

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 312
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 related guarantee fees, at fair value on a recurring basis. We use a discounted cash flow model to value the Support Agreement, net of related guarantee fees. Because some of the inputs that are significant to the valuation are less observable, the Support Agreement is classified as Level 3, as we describe below in “Level 3 Information – Other Sempra.”

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RECURRING FAIR VALUE MEASURES(Dollars in millions)Level 1Level 2Level 3Netting(1)TotalFair value at September 30, 2025Sempra:Assets:    Nuclear decommissioning trusts:    Short-term investments, primarily cash equivalents$19 $2 $— $21 Equity securities289 3 — 292 Debt securities:    Debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies28 26 — 54 Municipal bonds— 296 — 296 Other securities— 254 — 254 Total debt securities28 576 — 604 Total nuclear decommissioning trusts(2)336 581 — 917 Short-term investments held in Rabbi Trust22 — — 22 Support Agreement, net of related guarantee fees— — 39 39 Commodity contracts subject to rate recovery3 8 6 $25 42 Total361 589 45 25 1,020 Assets held for sale:Interest rate instruments— 214 — — 214 Commodity contracts not subject to rate recovery— 24 — 55 79 Total assets held for sale— 238 — 55 293 Total assets$361 $827 $45 $80 $1,313 Liabilities:    Commodity contracts subject to rate recovery$34 $106 $— $(62)$78 Liabilities held for sale:Foreign exchange instruments— 5 — — 5 Commodity contracts not subject to rate recovery— 63 — (5)58 Total liabilities held for sale— 68 — (5)63 Total liabilities$34 $174 $— $(67)$141 (1)    Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash collateral not offset.(2)    Excludes receivables