Sempra
03/26/2026 | Press release | Distributed by Public on 03/26/2026 14:18
Regulation FD Disclosure (Form 8-K)
Item 7.01 Regulation FD Disclosure.
In October 2024, San Diego Gas & Electric Company ("SDG&E"), a subsidiary of Sempra, submitted its TO6 filing to the U.S. Federal Energy Regulatory Commission ("FERC"). The TO6 proceeding sets SDG&E's Electric Transmission Owner Formula Rate, which establishes the parameters to quantify SDG&E's costs to own, operate and maintain its FERC-jurisdictional transmission facilities.
On March 23, 2026, SDG&E filed an unopposed offer of settlement in its TO6 proceeding. Among other items, the offer of settlement increases SDG&E's authorized base return on equity from 10.10% to 10.28% and establishes a hypothetical capital structure with 54% equity. The terms of the settlement are subject to approval by the FERC, which is expected in the second half of 2026. If approved, the settlement terms would be effective retroactive to June 1, 2025.
Subject to approval, the impact of these settlement terms on Sempra's diluted earnings-per-common-share ("EPS") is expected to fall within its previously announced 2026 and 2027 EPS guidance ranges, as computed in accordance with generally accepted accounting principles in the United States of America and/or on an adjusted basis.
The information furnished in this Item 7.01 shall not be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing of Sempra or SDG&E, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Sempra published this content on March 26, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 26, 2026 at 20:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]