SPOTLIGHT | PORT ARTHUR LNG PHASE 1
SEMPRA CALIFORNIA
REGULATORY SUMMARY
2024 GRC1
Revenue Request
Attrition (2025 2027)²
SDG&E
$3.0B
8% -11%
SoCalGas
$4.4B
6%-8%
Effective Period
•
•
Rate Review
Key Dates
Cost of Capital³
Equity Layer/ROE
Preferred Equity
• Authorized: 2.75% / 6.22%
2024 - 2027
2024 - 2027
Cost of service (excludes commodity, energy efficiency, and certain balanced programs);
does not include certain capital projects that are subject to proceedings outside GRC
Proposed decision currently scheduled May-2024
SDG&E
SoCalGas
Authorized: 52.00% / 10.20%
•
Authorized: 52.00% / 10.05%
2023-2025 Request: 54.00% / 10.55%
•
2023-2025 Request: 54.00% / 10.75%
• Authorized: 2.40% / 6.00%
Debt
•
2023-2025 Request: -/-
•
Authorized: 45.25% / 4.59%
•
2023-2025 Request: 46.00% / 4.05%
•
2023-2025 Request: 0.40% / 6.00%
•
Authorized: 45.60% / 4.23%
•
2023-2025 Request: 45.60% / 4.07%
Key Dates
Anticipate proposed decision Nov-2022 + final decision Dec-2022
1. 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.
2.
3.
Requested amounts represent SDG&E's and SoCalGas' 2023 - 2025 Cost of Capital applications (A.22-04-012/A.22-04-011), which are pending. These applications are separate
from GRC filings and subject to CPUC approval. The CPUC's decision and its timing may differ materially and adversely from the requests in the applications and does not reflect
the outcome of SDG&E's 2022 Cost of Capital application (A.21-08-014). A final decision for the 2022 Cost of Capital application is expected in Q4-2022 and will be retroactive
for FY-2022.
SEMPRA
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