Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 39

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 39
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3 4 Other long-term assets(3)18 18 Total$1,476 $1,821 SDG&E:Accounts receivable – trade, net(1)$714 $774 Accounts receivable – other, net8 11 Due from unconsolidated affiliates – current(2)10 6 Other long-term assets(3)4 4 Total$736 $795 SoCalGas:Accounts receivable – trade, net$610 $932 Accounts receivable – other, net6 1 Other long-term assets(3)14 14 Total$630 $947 (1)     At June 30, 2025 and December 31, 2024, includes $148 and $144, respectively, of receivables due from customers that were billed on behalf of CCAs, which are not included in revenues.(2)     Amount is presented net of amounts due to unconsolidated affiliates on the Condensed Consolidated Balance Sheets, when right of offset exists.(3)     In January 2024, the CPUC directed SDG&E and SoCalGas to offer long-term repayment plans to eligible residential customers with past-due balances.

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Table of Contents

NOTE 4. REGULATORY MATTERS

REGULATORY ASSETS AND LIABILITIESWe discuss regulatory matters in Note 4 of the Notes to Consolidated Financial Statements in the Annual Report and provide updates to those discussions and information about new regulatory matters below. With the exception of regulatory balancing accounts, we generally do not earn a return on our regulatory assets until a related cash expenditure has been made. Upon the occurrence of a cash expenditure associated with a regulatory asset, the related amounts are recoverable through a regulatory account mechanism for which we earn a return authorized by applicable regulators, which generally approximates the three-month commercial paper rate. The periods during which we recognize a regulatory asset while we do not earn a return vary by regulatory asset.REGULATORY ASSETS (LIABILITIES)(Dollars in millions)SempraSDG&ESoCalGasJune 30,2025December 31,2024June 30,2025December 31,2024June 30,2025December 31,2024Fixed-price contracts and otherderivatives$34 $53 $3 $11 $31 $42 Deferred income taxes recoverable inrates1,972