SEMPRA 5-Year Capital Plan
Parent & Other
(Unaudited, dollars in millions)
Parent & Other GAAP Losses
Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the
sale of NCI to ADIA
Parent & Other Adjusted Losses¹
Q1-2023 losses are lower than Q1-2022 adjusted losses primarily due to:
Three months ended
March 31,
2023
2022
(47) $ (213)
120
(47) $
(93)
•
$7 million net investment gains in 2023 compared to $17 million net investment losses in 2022 on dedicated
assets in support of our employee nonqualified benefit plan and deferred compensation obligations, and
$24 million higher income tax benefit from the interim period application of an annual forecasted consolidated
ETR, partially offset by
•
$10 million higher net interest expense
SEMPRA | 26
1.
See Appendix for information regarding Adjusted Losses, which represents a non-GAAP financial measure.View entire presentation