Sempra Energy Financial Overview
Sempra California | SDG&E
(Dollars in millions)
SDG&E GAAP Earnings
Q4-2022 earnings are higher than Q4-2021 earnings primarily due to:
•
$8M higher CPUC base operating margin, net of operating expenses,
•
$6M higher AFUDC equity,
•
$6M higher net regulatory interest income, and
•
Three months ended
December 31,
Years ended
December 31,
2022
2021
2022
2021
$
(Unaudited)
234 $
216 $
915 $
819
$5M lower income tax expense primarily from flow-through items and the resolution of prior year income tax items,
partially offset by
•
$7M higher net interest expense
FY-2022 earnings are higher than FY-2021 earnings primarily due to:
•
$56M higher CPUC base operating margin, net of operating expenses,
•
•
$26M lower income tax expense primarily from flow-through items, net of lower associated regulatory revenues,
$20M higher income tax benefit from the resolution of prior year income tax items,
$9M higher net regulatory interest income, and
$7M higher AFUDC equity, partially offset by
•
$26M higher net interest expense
SEMPRA 22View entire presentation