SDG&E Files 8-K for Other Events

TL;DR

SDG&E filed a routine 8-K, no major news.

AI Summary

San Diego Gas & Electric Company, a subsidiary of Sempra Energy, filed an 8-K on September 19, 2025, to report other events. The filing does not contain specific financial transactions or material events requiring immediate disclosure beyond routine reporting.

Why It Matters

This filing indicates routine corporate activity for San Diego Gas & Electric, a major utility provider in California.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not disclose any new material risks or significant financial changes.

Key Players & Entities

• SAN DIEGO GAS & ELECTRIC CO (company) — Filer
• SEMPRA CENTRAL INDEX KEY (company) — Parent Company
• SEMPRA ENERGY (company) — Former Company Name
• MINERAL ENERGY CO (company) — Former Company Name
• 0001032208-25-000051 (dollar_amount) — Accession Number

FAQ

Key Financial Figures

• $25 — 75% Junior Subordinated Notes Due 2079, $25 par value SREA New York Stock Exchange
• $18 billion — w state-administered account with up to $18 billion of additional liquidity for the Wildfir
• $1 billion — nistrator that it anticipates more than $1 billion in eligible claims in a single coverage
• $9 billion — tions. Ratepayer contributions totaling $9 billion would be financed through new bonds to
• $5.1 billion — IOU shareholder contributions totaling $5.1 billion would be obtained through fixed annual
• $300 million — d through fixed annual contributions of $300 million from 2029 through 2045, plus an additio
• $3.9 billion — m 2029 through 2045, plus an additional $3.9 billion in contingent shareholder contributions
• $780 million — tions payable in annual installments of $780 million if the Wildfire Fund's administrator de
• $387 m — n amount through 2045 is expected to be $387 million, comprising (i) $219.3 million of
• $219.3 million — cted to be $387 million, comprising (i) $219.3 million of fixed contributions of $12.9 million
• $12.9 million — 219.3 million of fixed contributions of $12.9 million annually for 17 years and (ii) $167.7 m
• $167.7 million — million annually for 17 years and (ii) $167.7 million of contingent contributions of $33.5 mi
• $33.5 million — million of contingent contributions of $33.5 million annually for five years. As further d
• $6 billion — Legislation establishes this amount as $6 billion of wildfire risk mitigation capital inv
• $258 million — G&E's proportionate share is limited to $258 million. Liability Cap – As with the 2019 Wil

Filing Documents

• sresdge-20250919.htm (8-K) — 53KB
• sresdge-20250919_g1.jpg (GRAPHIC) — 119KB
• sresdge-20250919_g2.jpg (GRAPHIC) — 105KB
• 0001032208-25-000051.txt ( ) — 789KB
• sresdge-20250919.xsd (EX-101.SCH) — 3KB
• sresdge-20250919_def.xml (EX-101.DEF) — 17KB
• sresdge-20250919_lab.xml (EX-101.LAB) — 30KB
• sresdge-20250919_pre.xml (EX-101.PRE) — 17KB
• sresdge-20250919_htm.xml (XML) — 6KB

01 Other Events

Item 8.01 Other Events. On September 19, 2025, California Senate Bill ("SB") 254 (the "2025 Wildfire Legislation") became effective upon signature by the Governor of California. Among other things, the 2025 Wildfire Legislation establishes the Wildfire Fund Continuation Account (the "Continuation Account"), which is designed to provide additional liquidity to reimburse catastrophic wildfire-related claims incurred by large California electric investor-owned utilities ("IOUs"), including San Diego Gas & Electric Company ("SDG&E"), a subsidiary of Sempra, if the existing fund established pursuant to Assembly Bill ("AB") 1054 (the "Wildfire Fund") is depleted. IOUs that only distribute gas such as Southern California Gas Company, another subsidiary of Sempra, are not eligible to participate in the Wildfire Fund or the Continuation Account. The 2025 Wildfire Legislation preserves key elements of AB 1054 and its companion bill AB 111 (collectively, the "2019 Wildfire Legislation"), including cost recovery standards and requirements, a cap on liability in the event of a finding of imprudence by the California Public Utilities Commission ("CPUC"), and continued access to wildfire claims liquidity through the new Continuation Account. These aspects of the 2019 Wildfire Legislation are described under "Wildfire Fund" in Note 1 of the Notes to Consolidated Financial Statements in Sempra's and SDG&E's jointly filed 2024 Annual Report on Form 10-K , which description is incorporated herein by reference and modified with respect to the 2025 Wildfire Legislation and Continuation Account, as applicable, by the descriptions in this Current Report on Form 8-K. Key elements of the 2025 Wildfire Legislation, including those that build upon or otherwise differ from the 2019 Wildfire Legislation, include, among others: Establishment of the Continuation Account – The 2025 Wildfire Legislation establishes the Continuation Account, a new state-administered account with up to $18 billio

Forward-Looking Statements

Forward-Looking Statements This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this report. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this report, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitment

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. SEMPRA, (Registrant) Date: September 19, 2025 By: /s/ Dyan Z. Wold Dyan Z. Wold Vice President, Controller and Chief Accounting Officer SAN DIEGO GAS & ELECTRIC COMPANY, (Registrant) Date: September 19, 2025 By: /s/ Valerie A. Bille Valerie A. Bille Senior Vice President, Chief Financial Officer, Controller and Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR