Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 365

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 365
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 under terms customarily available in the industry. We avoid concentration of counterparties whenever possible, and we believe our credit policies significantly reduce overall credit risk. These policies include an evaluation of:▪prospective counterparties’ financial condition (including credit ratings)▪collateral requirements▪the use of standardized agreements that allow for the netting of positive and negative exposures associated with a single counterparty▪downgrade triggersWe believe that we have provided adequate reserves for counterparty nonperformance in our allowances for credit losses.

2024 Form 10-K  |  F-33

TRANSACTIONS WITH AFFILIATESWe summarize amounts due from and to unconsolidated affiliates at the Registrants in the following table.AMOUNTS DUE FROM (TO) UNCONSOLIDATED AFFILIATES(Dollars in millions) December 31, 20242023Sempra:  Tax sharing agreement with Oncor Holdings$8 $25 Various affiliates5 6 Total due from unconsolidated affiliates – current$13 $31 TAG Pipelines – 5.5% Note due January 9, 2024(1)$— $(5)Total due to unconsolidated affiliates – current$— $(5)TAG Pipelines(1):5.5% Note due January 14, 2025$— $(24)5.5% Note due July 16, 2025— (23)5.5% Note due January 14, 2026(8)(20)5.5% Note due July 14, 2026(12)(11)5.5% Note due January 19, 2027(15)(14)5.5% Note due July 21, 2027(19)(17)5.5% Note due January 19, 2028(48)— 5.5% Note due July 18, 2028(41)— TAG Norte – 5.74% Note due December 17, 2029(1)(209)(198)Total due to unconsolidated affiliates – noncurrent$(352)$(307)SDG&E:  Sempra$(42)$(44)SoCalGas(14)(21)Various affiliates(3)(8)Total due to unconsolidated affiliates – current$(59)$(73)Income taxes due from Sempra(2)$38 $246 SoCalGas