Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 374

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 374
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 of PP&E for our non-regulated projects includes capitalized interest. Maintenance costs are expensed as incurred. The cost of most retired depreciable utility plant assets less salvage value is charged to accumulated depreciation. We discuss assets collateralized as security for certain indebtedness in Note 6.PROPERTY, PLANT AND EQUIPMENT BY MAJOR FUNCTIONAL CATEGORY(Dollars in millions) December 31,Depreciation rates for years ended December 31, 20242023202420232022SDG&E:Natural gas operations$4,531 $4,175 2.62 %2.60 %2.57 %Electric distribution12,542 11,597 4.21 4.05 3.94 Electric transmission(1)8,878 8,504 3.06 3.04 3.03 Electric generation2,527 2,515 5.43 5.18 5.11 Other electric2,722 2,507 6.95 7.05 7.03 Construction work in progress(1)1,962 1,620 N/AN/AN/ATotal SDG&E33,162 30,918 SoCalGas:Natural gas operations27,191 25,506 3.68 3.64 3.57 Other non-utility32 50 0.98 1.03 1.54 Construction work in progress1,861 1,469 N/AN/AN/ATotal SoCalGas29,084 27,025 Other Sempra(2):Estimated useful livesWeighted-average useful lifeLand and land rights498 488 16 to 44 years(3)37Machinery and equipment: Pipelines and storage4,355 3,883 41 to 49 years42Generating plants1,820 1,815 11 to 28 years26LNG terminal1,156 1,139 42 years42Refined products terminals876 656 37 years37Other348 346 1 to 21 years15Construction work in progress8,781 5,930 N/AN/AOther317 295 1 to 35 years16 18,151 14,552 Total Sempra$80,397 $72,495 (1)    At December 31, 2024, includes $563 in electric transmission assets