Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 286

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 286
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 Lower contributions from NCI(335)Change in borrowings and repayments of short-term debt, net(1,109)622 (1,455)(Lower) higher issuances of short-term debt with maturities greater than 90 days(1,119)700 Net proceeds from sales of NCI in 2023(1,219)Lower (higher) payments on long-term debt and finance leases48 (204)Higher common dividends paid(125)(100)Other34 9 $3,005 $(241)$(162)

Capital Expenditures for PP&E

We invest the majority of our capital expenditures in Sempra California, primarily for transmission and distribution improvements, including pipeline and wildfire safety. The following table summarizes, by segment, capital expenditures for PP&E for the last three years.

CAPITAL EXPENDITURES FOR PP&E(Dollars in millions) Years ended December 31, 202420232022Sempra:Sempra California(1)$4,753 $4,560 $4,466 Sempra Infrastructure3,459 3,832 884 Segment totals8,212 8,392 5,350 Parent and other3 5 7 Total Sempra$8,215 $8,397 $5,357 

(1)    Includes capital expenditures for PP&E of $2,522, $2,540, and $2,473 at SDG&E and $2,231, $2,020, and $1,993 at SoCalGas for 2024, 2023, and 2022, respectively.

Capital Expenditures for Investments

The following table summarizes, by segment, capital expenditures for investments in entities that we account for under the equity method for the last three years.

CAPITAL EXPENDITURES FOR INVESTMENTS(Dollars in millions) Years ended December 31, 202420232022Sempra:Sempra Texas Utilities$976 $367 $346 Sempra Infrastructure12 15 30 Total Sempra$988 $382 $376 

2024 Form 10-K  |  97

Future Capital Expenditures for PP&E and Investments

The amounts and timing of capital expenditures for PP&E and certain investments are generally subject to approvals by various regulatory and other governmental and environmental bodies, including the CPUC, the FERC and the PUCT, and various other factors described