secwatch.observer — SEC 8-K summary
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Issuer:     SEMPRA (SRE)
CIK:        0001032208
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001032208-24-000048
Event type: regulatory
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CPUC approves Sempra utilities' GRC rate increases; FERC triggers $120M charge
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- SDG&E 2024 revenue requirement $2,699M (+7.5% YoY); SoCalGas $3,806M (+9.3% YoY); attrition adjustments through 2027.
- FERC ruled SDG&E ineligible for CA ISO adder; ~$120M ($89M after-tax) charge in Q4 2024; appeal planned in Q1 2025.
- CPUC closed Aliso Canyon SB 380 OII, authorizing continued operation at max 68.6 bcf working gas storage.
- Retroactive GRC revenue impacts to be recorded in Q4 2024 for amounts earned but not booked in first nine months.
- Additional cost recovery mechanisms approved for wildfire mitigation, pipeline safety, and compressor station projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032208/000103220824000048/0001032208-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/86521/000103220824000048/sempra-20241219.htm
  HTML page:      https://secwatch.observer/filing/0001032208-24-000048

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