Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 150

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 150
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 three of which are in California and one is in Nevada.

Charges under contracts with suppliers are based on the amount of energy received or are tolls based on available capacity. Tolling contracts are PPAs under which SDG&E provides natural gas to the energy supplier. 

SDG&E procures natural gas under short-term contracts for its owned generation facilities and for certain tolling contracts associated with PPAs. Purchases from various southwestern U.S. suppliers are primarily priced based on published monthly bid-week indices, which can be subject to volatility.

SDG&E participates in the Western Systems Power Pool, which includes an electric-power and transmission-rate agreement that allows access to power trading with more than 300 member utilities, power agencies, energy brokers and power marketers throughout the U.S. and Canada. Participants can make power transactions on standardized terms, including market-based rates, preapproved by the FERC. Participation in the Western Systems Power Pool is intended to assist members in managing power delivery and price risk.

Customers and Demand. SDG&E provides electric services through the generation, transmission and distribution of electricity to the following customer classes: 

ELECTRIC CUSTOMER METERS AND VOLUMESCustomer meter countVolumes(1)(millions of kWh)December 31,Years ended December 31,2024202420232022SDG&E:Residential285,881 1,348 2,004 3,940 Commercial31,313 1,363 1,868 2,850 Industrial319 441 670 909 Street and highway lighting1,574 55 77 101 319,087 3,207 4,619 7,800 CCA and DA1,213,258 13,484 12,228 9,900 Total1,532,345 16,691 16,847 17,700 

(1)    Includes intercompany sales.

2024 Form 10-K  |  14

SDG&E currently provides procurement service for a portion of its customer load. Most customers receive electric procurement service from a load-serving entity other than SDG&E through programs such as CCA and DA. In such cases, SDG&E no longer procures energy for this departed load. Accordingly, SDG&E’s CCA and DA customers receive primarily transportation and distribution services from SDG&E.

CCA is only available if a customer’s local jurisdiction (city or county) offers such a program, and DA is currently limited by a