Efficient Financing & Incremental Investment Opportunities
5-YEAR CAPITAL PLAN
2020A¹
2021E
2022E
2023E-2025E AVERAGES
(Dollars in millions)
Low
High
SDG&E
SoCalGas
$ 1,942
$
2,300
1,843
1,950
-
$ 2,500
2,100
Sempra California
$ 3,785
$
4,250
-
$ 4,600
Low
$ 1,900
1,800
$ 3,700
High
Low
High
$ 2,100
$
1,600
$
1,800
2,000
1,650
1,850
-
$ 4,100
$
3,250
$
3,650
Sempra Texas²
$
632 $
175
$
225
$
150
$
250
$
50
$
150
Sempra Mexico
611
300
400
300
400
75
150
Sempra LNG
272
750
850
550
650
150
250
Sempra Infrastructure
883 $ 1,050
$ 1,250
$
850
$ 1,050
$
225
I
SA
400
Parent
12
0
0
0
I
0
0
Total On-Balance Sheet
$ 5,312
$
5,475
$ 6,075
$ 4,700
-
$ 5,400
$
3,525
0
4,200
Oncor and Sharyland Capex³
Unconsolidated JVs' Capex
1,409
228
1,650
0
-
1,750
25
1,700
0
1,900
1,850
1,950
0
0
0
Total Capex
$
6,949
$
7,125
-
$ 7,850
$
6,400
-
$ 7,300
$
5,375
-
$
6,150
1.
2.
234
Amounts represent expenditures for PP&E and investments. 2020 actual excludes $.02B related to Sempra's capital contribution to Oncor for Oncor's acquisition of 100% of InfraREIT and Sempra's acquisition of a 50% indirect interest in Sharyland.
See Appendix for a reconciliation of this non-GAAP financial measure.
Represents Sempra's capital contributions to Oncor.
3. Represents our proportionate ownership share and includes $9.2B of capex in 2021 through 2025 that will be funded by Sempra Texas Utilities' unconsolidated entities, Oncor and Sharyland.
Represents our proportionate ownership share of capex in 2021 - 2025 that will be funded by Sempra Mexico's
unconsolidated JVs.
4.
84
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