SEMPRA 8-K Filing

Ticker: SRE · Form: 8-K · Filed: 2025-11-17T00:00:00.000Z

Sentiment: neutral

Filing Stats: 2,090 words · 8 min read · ~7 pages · Grade level 14 · Accepted 2025-11-17 16:18:58

Key Financial Figures

Filing Documents

01 Other Events

Item 8.01 Other Events. The California Public Utilities Commission ("CPUC") issues proposed decisions ("PD") from time to time on regulatory matters in advance of voting on a final decision. Such PDs are subject to public comment and must be voted on by the CPUC before a decision becomes final. The CPUC may adopt, modify, or reject PDs. On November 14, 2025, the CPUC issued a PD in San Diego Gas & Electric Company's ("SDG&E") Track 2 request in its 2024 General Rate Case ("GRC") and a PD in the Cost of Capital proceeding for SDG&E and Southern California Gas Company ("SoCalGas"). SDG&E and SoCalGas are subsidiaries of Sempra. SDG&E Track 2 Request in 2024 General Rate Case – Proposed Decision SDG&E's Track 2 request addresses its application for review and approval of $1,472 million in wildfire mitigation plan costs incurred from 2019 through 2022 that were incremental to amounts authorized in SDG&E's 2019 GRC and not otherwise addressed in SDG&E's 2024 GRC final decision. The PD approves $1,036 million of these requested costs, including strategic undergrounding, microgrids and fire hardening in the Cleveland National Forest, among other costs. The PD approves $91 million of SDG&E's operation and maintenance ("O&M") costs, denying $193 million of requested O&M costs primarily in the areas of drone assessments, stakeholder cooperation and community engagement, and enhanced vegetation management. The PD approves $945 million of capital costs, denying $242 million of capital costs primarily in the areas of drone inspections, data governance, covered conductor, communications, and aviation firefighting. The Track 2 request also addresses SDG&E's requested revenue requirement for the period from 2019 through 2027 for ongoing capital-related costs, including depreciation, taxes and return on rate base, for capital assets placed into service from 2019 through 2022. The PD authorizes a total Track 2 revenue requirement of $721 million for 2019 through 2027, which is

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," "pro forma," "strategic," "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 and the wildfire fund continuation account established by California Senate Bill 254, 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 aut

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: November 17, 2025 By: /s/ Dyan Z. Wold Dyan Z. Wold Vice President, Controller and Chief Accounting Officer SAN DIEGO GAS & ELECTRIC COMPANY, (Registrant) Date: November 17, 2025 By: /s/ Valerie A. Bille Valerie A. Bille Senior Vice President, Chief Financial Officer, Controller and Chief Accounting Officer SOUTHERN CALIFORNIA GAS COMPANY, (Registrant) Date: November 17, 2025 By: /s/ Sara P. Mijares Sara P. Mijares Vice President, Controller and Chief Accounting Officer

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