Company: SREA
Filing Date: 2025-08-26
Form Type: 424B5
Source: 0001193125-25-188201
Chunk: 69

Company: SEMPRA
Filing Date: 2025-08-26
Form: 424B5
Chunk 69
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 and state-sponsored actors, of ransomware or other attacks on our                                                                                                   
 systems or the systems of third-parties with which we conduct business, including the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events; |

| • |     | our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by                                       
 credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook or (ii) rising interest rates and inflation; |

| • |     | failure of foreign governments, state-owned entities and our counterparties to honor their contracts and 
 commitments;                                                                                             |

| • |     | the impact on affordability of SDG&E’s and SoCalGas’ customer rates and their cost of capital and                                                                                                             
 on SDG&E’s, SoCalGas’ and Sempra Infrastructure’s ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E’s and 
 SoCalGas’ businesses, the cost of the clean energy transition in California, (iii) with respect to SDG&E’s business, departing retail load resulting from additional customers transferring to                |

2

| Community Choice Aggregation and Direct Access, and (iv) with respect to Sempra Infrastructure’s business, volatility in foreign currency exchange rates; |

| • |     | the impact of climate and sustainability policies, laws, rules, regulations, disclosures, and trends, 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 our ability to incorporate 
 new technologies;                                                                                                                                                                                                                                       |

| • |     | weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system                                                                                                                                  
 outages or other events 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, pipeline system or limitations on the withdrawal of natural gas from storage facilities; |

| • |     | Oncor Electric Delivery Company LLC’s (“O