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

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 25
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:Actuarial loss (gain)2 2 (1)— Net periodic benefit cost 11 11 — — Regulatory adjustments(10)(10)— — Total expense recognized$1 $1 $— $— SoCalGas:Service cost$19 $19 $3 $3 Interest cost28 26 7 7 Expected return on assets(30)(30)(14)(15)Amortization of:Prior service cost (credit)1 1 (1)(1)Actuarial loss (gain)1 — (2)(3)Settlement charges4 — — — Net periodic benefit cost (credit)23 16 (7)(9)Regulatory adjustments(18)(15)7 9 Total expense recognized$5 $1 $— $— 

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OTHER INCOME, NETOther Income, Net, consists of the following:OTHER INCOME (EXPENSE), NET (Dollars in millions)  Three months ended March 31, 20252024Sempra: Allowance for equity funds used during construction$41 $37 Investment gains, net(1)2 16 Foreign currency transaction gains, net4 1 Non-service components of net periodic benefit cost23 28 Interest on regulatory balancing accounts, net21 18 Sundry, net— (1)Total$91 $99 SDG&E: Allowance for equity funds used during construction$19 $20 Non-service components of net periodic benefit cost9 10 Interest on regulatory balancing accounts, net11 7 Sundry, net1 (4)Total$40 $33 SoCalGas: Allowance for equity funds used during construction$18 $17 Non-service components of net periodic benefit cost17 21 Interest on regulatory balancing accounts, net10 11 Sundry, net(3)(2)Total$42 $47 (1)    Represents net investment gains (losses) on dedicated assets in support of our executive retirement and deferred compensation plans. These amounts are offset by corresponding changes in compensation expense related to the plans, recorded in O&M on the Condensed Consolidated Statements of Operations.

INCOME TAXESWe provide our calculations of ETRs in the following table.INCOME TAX EXPENSE (BEN