Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 468

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 468
---
3, respectively.(3)    Before reductions of unamortized discount and debt issuance costs of $95 and $89 at December 31, 2024 and 2023, respectively, and excluding finance lease obligations of $1,205 and $1,233 at December 31, 2024 and 2023, respectively.(4)    Before reductions of unamortized discount and debt issuance costs of $65 and $55 at December 31, 2024 and 2023, respectively, and excluding finance lease obligations of $110 and $107 at December 31, 2024 and 2023, respectively.We provide the fair values for the securities held in the NDT related to SONGS in Note 14.

NOTE 11. PREFERRED STOCK

Sempra and SDG&E are authorized to issue up to 50,000,000 and 45,000,000 shares of preferred stock, respectively. At December 31, 2024 and 2023, SDG&E had no preferred stock outstanding. The rights, preferences, privileges and restrictions for any new series of preferred stock would be established by each company’s board of directors at the time of issuance. We discuss SoCalGas preferred stock below.On May 2, 2024, Sempra filed an amendment to its amended and restated articles of incorporation to implement the revocation of the series A preferred stock and series B preferred stock, all of which had previously been converted to Sempra common stock, thereby decreasing the number of authorized shares of series A preferred stock from 17,250,000 to zero and series B preferred stock from 5,750,000 to zero. Effective as of May 2, 2024, each such series of stock is no longer an authorized series of Sempra’s capital stock. 

2024 Form 10-K  |  F-111

SEMPRA SERIES C PREFERRED STOCKAt December 31, 2024 and 2023, Sempra had 900,000 shares of 4.875% fixed-rate reset cumulative redeemable perpetual preferred stock, series C (series C preferred stock) outstanding.Liquidation PreferenceEach share of series C preferred stock has a liquidation preference of $1,000 plus any accumulated and unpaid dividends (whether or not declared) on such share.Redemption at the Option of SempraThe shares of series C preferred stock are perpetual and have no maturity date. However, we may, at our option, redeem