---
schema_version: "secwatch.filing_event.v1"
accession: "0001032208-25-000068"
form_type: "8-K"
ticker: "SRE"
cik: "0001032208"
company_name: "SEMPRA"
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:05:02.518844+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPUC proposes approving $1.04B of SDG&E wildfire costs; lowers ROE by 35 bps

## Summary
- CPUC PD approves $1,036M of SDG&E's $1,472M wildfire mitigation cost request, denies $193M O&M and $242M capital costs.
- Authorized Track 2 revenue requirement of $721M for 2019-2027, $427M below requested $1.148B; remaining $431M collectible 2026-2028.
- Cost of Capital PD sets equity layer at 52% for SDG&E and SoCalGas, ROE 35 bps lower vs. current; effective Jan 1, 2026 through 2028.
- Comments on both PDs due Dec 4, 2025; reply comments Dec 9; earliest CPUC vote Dec 18, 2025.

## SEC filing metadata
- accession: 0001032208-25-000068
- form_type: 8-K
- ticker: SRE
- cik: 0001032208
- company_name: SEMPRA
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032208/000103220825000068/0001032208-25-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/86521/000103220825000068/sempra-20251114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032208-25-000068
- JSON: https://secwatch.observer/filing/0001032208-25-000068.json
- Plain text: https://secwatch.observer/filing/0001032208-25-000068.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.