Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 9

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 9
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Comprehensive income$768 $12 $780 2024:   Net income/Comprehensive income$759 $(89)$670 

See Notes to Condensed Financial Statements.

18

SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED BALANCE SHEETS(Dollars in millions)September 30,December 31, 20252024(1) (unaudited)ASSETS Current assets: Accounts receivable – trade, net$849 $774 Accounts receivable – other, net120 89 Due from unconsolidated affiliates13 — Income taxes receivable, net33 27 Inventories263 202 Prepaid expenses156 139 Regulatory assets213 16 Greenhouse gas allowances26 27 Other current assets28 27 Total current assets1,701 1,301 Other assets: Regulatory assets2,419 2,024 Greenhouse gas allowances283 272 Nuclear decommissioning trusts897 875 Right-of-use assets – operating leases1,061 795 Wildfire fund250 262 Other long-term assets135 133 Total other assets5,045 4,361 Property, plant and equipment: Property, plant and equipment34,674 33,162 Less accumulated depreciation and amortization(8,581)(8,051)Property, plant and equipment, net 26,093 25,111 Total assets$32,839 $30,773 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

19

SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED BALANCE SHEETS (CONTINUED)(Dollars in millions) September 30,December 31,20252024(1) (unaudited)LIABILITIES AND SHAREHOLDER’S EQUITY Current liabilities: Short-term debt$27 $417 Accounts payable811 742 Due to unconsolidated affiliates65 59 Interest payable138 84 Accrued compensation and benefits165 175 Accrued franchise fees71 54 Regulatory liabilities3 75 Current portion of long-term debt and finance leases 796 42 Greenhouse gas obligations26 27 Asset retirement obligations101 97 Other current liabilities273 215 Total current liabilities2,476 1,987 Long-term debt and finance leases