---
schema_version: "secwatch.filing_event.v1"
accession: "0001032208-25-000070"
form_type: "8-K"
ticker: "SRE"
cik: "0001032208"
company_name: "SEMPRA"
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:30:45.107936+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CPUC SDG&E Track 2 PD triggers $471M charge; Sempra guides 2025 adj. EPS to high end

## Summary
- CPUC approved cost of capital FD with 5 bps higher ROE; other terms unchanged from Nov. 2025 PD.
- CPUC did not vote on SDG&E Track 2 GRC PD; estimated $471M after-tax Q4 charge ($34M for 9M 2025, $437M for 2019-2024).
- Sempra guides to high end of 2025 adjusted EPS range ($4.30-$4.70); GAAP guidance $2.38-$2.78 after charge.
- Sempra affirms 2026 adjusted EPS guidance $4.80-$5.30, incorporating CPUC cost of capital and Track 2 PD impacts.

## SEC filing metadata
- accession: 0001032208-25-000070
- form_type: 8-K
- ticker: SRE
- cik: 0001032208
- company_name: SEMPRA
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032208/000103220825000070/0001032208-25-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/86521/000103220825000070/sempra-20251218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032208-25-000070
- JSON: https://secwatch.observer/filing/0001032208-25-000070.json
- Plain text: https://secwatch.observer/filing/0001032208-25-000070.txt

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