SEMPRA 5-Year Capital Plan
Sempra California | SoCalGas
1.
(Unaudited, dollars in millions)
SoCalGas GAAP Earnings
Impact associated with Aliso Canyon litigation
SoCalGas Adjusted Earnings¹
Q1-2023 earnings are lower than Q1-2022 adjusted earnings primarily due to:
•
$18 million higher net interest expense,
Three months ended
March 31,
2023
2022
$
360 $
334
66
SA
$
360 $
400
$13 million lower CPUC base operating margin, including $8 million from lower authorized cost of capital and net of
operating expenses,
•
$11 million lower income tax benefits primarily from flow-through items, and
•
$8 million GCIM award approved by the CPUC in March 2022, partially offset by
•
$10 million in penalties in 2022 related to energy efficiency and advocacy OSCs
See Appendix for information regarding Adjusted Earnings, which represents a non-GAAP financial measure.
SEMPRA | 23View entire presentation