Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 373

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 373
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 Ventika wind power generation facilities at Sempra Infrastructure.

2024 Form 10-K  |  F-38

Other Intangible AssetsOther Intangible Assets included on Sempra’s Consolidated Balance Sheets are as follows: OTHER INTANGIBLE ASSETS(Dollars in millions) Amortization period(years)December 31, 20242023Sempra:Renewable energy transmission and consumption permits15 to 19$169 $169 O&M agreement2366 66 ESJ PPA14190 190 Other10 to indefinite15 15  440 440 Less accumulated amortization:Renewable energy transmission and consumption permits(68)(59)O&M agreement(20)(17)ESJ PPA(51)(37)Other(9)(9) (148)(122) $292 $318 Other Intangible Assets at December 31, 2024 primarily include:▪renewable energy transmission and consumption permits granted by the CRE at the Ventika wind power generation facilities, Don Diego Solar and Border Solar;▪a favorable O&M agreement acquired in connection with the acquisition of Ductos y Energéticos del Norte, S. de R.L. de C.V.; and▪the relative fair value of the PPA that was acquired in connection with the acquisition of ESJ.Intangible assets subject to amortization are amortized over their estimated useful lives. Amortization expense for intangible assets was $26 million (including $13.5 million recorded against revenues) in each of 2024, 2023, and 2022. We estimate amortization expense for each of the next five years to be approximately $26 million per year (including $13.5 million per year recorded against revenues).

2024 Form 10-K  |  F-39

PROPERTY, PLANT AND EQUIPMENTPP&E is recorded at cost and primarily represents the buildings, equipment, other facilities and information systems used by SDG&E and SoCalGas to provide natural gas and electric utility services, and by Other Sempra businesses in their operations, including construction work in progress, leasehold improvements and other equipment. Our PP&E costs include labor, materials and contract services and expenditures for replacement parts incurred during a major maintenance outage of a plant. In addition, the cost of utility plant at our rate-regulated businesses and PP&E under regulated projects that meet the regulatory accounting requirements of U.S. GAAP includes AFUDC. The cost