Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 6

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 6
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$263 $(40)$223 

See Notes to Condensed Financial Statements.

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SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED BALANCE SHEETS(Dollars in millions)March 31,December 31, 20252024(1) (unaudited) ASSETS  Current assets:  Cash and cash equivalents$607 $— Accounts receivable – trade, net830 774 Accounts receivable – other, net104 89 Income taxes receivable, net10 27 Inventories232 202 Prepaid expenses123 139 Regulatory assets60 16 Greenhouse gas allowances27 27 Other current assets28 27 Total current assets2,021 1,301 Other assets:  Regulatory assets2,174 2,024 Greenhouse gas allowances281 272 Nuclear decommissioning trusts865 875 Right-of-use assets – operating leases801 795 Wildfire fund258 262 Other long-term assets129 133 Total other assets4,508 4,361 Property, plant and equipment:  Property, plant and equipment33,586 33,162 Less accumulated depreciation and amortization(8,259)(8,051)Property, plant and equipment, net 25,327 25,111 Total assets$31,856 $30,773 

(1)    Derived from audited financial statements.

See Notes to Condensed Financial Statements.

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Table of Contents

SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED BALANCE SHEETS (CONTINUED)(Dollars in millions) March 31,December 31,20252024(1) (unaudited) LIABILITIES AND SHAREHOLDER’S EQUITY  Current liabilities:  Short-term debt$137 $417 Accounts payable715 742 Due to unconsolidated affiliates67 59 Interest payable115 84 Accrued compensation and benefits101 175 Accrued franchise fees71 54 Regulatory liabilities205 75 Current portion of long-term debt and finance leases 43 42 Greenhouse gas obligations27 27 Asset retirement obligations96 97 Other current liabilities234 215 Total current liabilities1,811 1,987 Long-term debt and finance leases 10,851 10,018 Deferred credits and