Sempra Energy Financial Overview
Sempra California | Key Metrics
SDG&E
SOCALGAS
2023 Authorized Capital Structure + Rates of Return¹
CPUC: 52.00% / 9.95%
Equity Layer / ROE
•
FERC: 10.60%²
Preferred Equity
CPUC: 2.75% / 6.22%
CPUC: 45.25% / 4.05%
Debt
•
FERC: 3.80%²
Key Dates
Revenue Request |
Attrition (2025-2027)*
Key Dates
CCM Benchmark
Current Actual CCM
Average (Oct-Jan)
Deadband
Period
2024 - 2027
Period
2023-2025
•
CPUC: 52.00% / 9.80%
•
CPUC: 2.40% / 6.00%
CPUC: 45.60% / 4.07%
Final Decision
Dec-2022
2024 GRC³
$3.0B | 8% 11%
$4.4B | 6% - 8%
Test Year
2024
Filing Date
May-2022
Proposed Decision
Scheduled Q2-2024
Cost of Capital Mechanism
Moody's Baa (4.367%)
Moody's A (4.074%)
5.825%
5.531%
Lower 3.367% / Upper 5.367%
Lower 3.074% / Upper 5.074%
Authorized amounts represent SDG&E's and SoCalGas' CPUC 2023 - 2025 Cost of Capital decision (D.22-12-031). This decision is separate from the GRC filings.
The FERC ROR calculation uses the actual capital structure as of December 31st of each year. For FERC ROE, SDG&E FERC TO5 Offer of Settlement Filing (Docket No.
ER19-221). For FERC cost of debt, SDG&E FERC TO5 Cycle 5 Annual Informational Filing, 12/1/2022.
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CCM triggers, if applicable, at the end of each CCM measurement period on September 30 and would be effective for the following year.
SDG&E (A.22-05-016) and SoCalGas (A.22-05-015) GRC applications are subject to CPUC approval. The CPUC's decision and its timing may differ materially and adversely
from requests in the applications.
Represents a range; amounts in each of the attrition years may differ significantly.
SEMPRA 18View entire presentation