Company: SREA
Filing Date: 2025-08-27
Form Type: 424B2
Source: 0001193125-25-189685
Chunk: 8

Company: SEMPRA
Filing Date: 2025-08-27
Form: 424B2
Chunk 8
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) volatility in inflation, interest rates and commodity prices and the imposition of tariffs, (ii) with respect to SDG&E’s and SoCalGas’ businesses, the cost of meeting the demand for lower carbon and reliable energy in 
 California, and (iii) with respect to Sempra Infrastructure’s business, volatility in foreign currency exchange rates;                                                                                                        |

| • |     | the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to                                                                                                                                   
 reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging 
 technologies;                                                                                                                                                                                                                                     |

| • |     | weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system                                                                                                                                       
 outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be 
 recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance;                                                                                                               |

| • |     | the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by                                        
 failures in the transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; |

| • |     | Oncor Electric Delivery Company LLC’s (“Oncor”) ability to reduce or eliminate its quarterly                                                                      
 dividends due to regulatory and governance requirements and commitments, including by actions of Oncor’s independent directors or a minority member director; and |

| • |     | other uncertainties, some of which are difficult to predict and beyond our control. |

Investing in the notes involves risk. You should review and consider carefully the risks, uncertainties and other factors that affect our businesses and our securities, including the notes, as described herein and in the “Business,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections and other sections in our Annual Report on Form 10-Kfor the year ended December 31, 2024, and in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and other sections in our Quarterly Reports on Form 10-Qfor the quarters ended March 31, 2025 and June 30, 2025, which are incorporated by reference in this prospect