Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 381

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 381
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— $1 Other income, netAmortization of prior service cost— 1 — Other income, netTotal, before income tax1 1 1 (2)— — Income tax (expense) benefitTotal reclassifications for the period, net of incometax$(1)$1 $1  SoCalGas: Financial instruments: Interest rate instruments$1 $1 $1 Interest expensePension and PBOP(2): Amortization of actuarial loss$1 $1 $2 Other income (expense), netAmortization of prior service cost1 1 1 Other income (expense), netTotal, before income tax223 (2)(1)(1)Income tax (expense) benefitTotal, net of income tax$— $1 $2 Total reclassifications for the period, net of incometax$1 $2 $3  (1)    Equity earnings at Oncor Holdings and our foreign equity method investees are recognized after tax.(2)    Amounts are included in the computation of net periodic benefit cost (see “Pension and PBOP” in Note 8).

REVENUESSee Note 3 for a description of significant accounting policies for revenues.

2024 Form 10-K  |  F-45

RENEWABLE ENERGY CERTIFICATESRECs are energy rights established by governmental agencies for the environmental and social promotion of renewable electricity generation. A REC, and its associated attributes and benefits, can be sold separately from the underlying physical electricity associated with a renewable-based generation source in certain markets.Retail sellers of electricity obtain RECs through renewable energy PPAs, internal generation or separate purchases in the market to comply with the RPS Program established by the governmental agencies. RECs provide documentation for the generation of a unit of renewable energy that is used to verify compliance with the RPS Program. The cost of RECs at SDG&E, which is recoverable in rates, is recorded in Cost of Electric Fuel and Purchased Power on the Statements of Operations.

OPERATION AND MAINTENANCE EXPENSESOperation and Maintenance includes O&M and general and administrative costs, consisting primarily of personnel costs, purchased materials and services, insurance, rent, provisions for expected credit losses and litigation expense (except for litigation expense included in Aliso Canyon Litigation and Regulatory Matters).

LEGAL FEESLegal fees that are associated with a past event for