secwatch.observer — SEC 8-K summary
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Issuer:     SEMPRA (SRE)
CIK:        0001032208
Form:       8-K
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0001032208-25-000070
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032208/000103220825000070/0001032208-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/86521/000103220825000070/sempra-20251218.htm
  HTML page:      https://secwatch.observer/filing/0001032208-25-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer