Sempra
CPUC Approves 2024 General Rate Case for SDG&E and SoCalGas
Summary
On December 19, 2024, the California Public Utilities Commission (CPUC) approved the 2024 General Rate Case (GRC) for San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas), subsidiaries of Sempra. The GRC decision authorizes SDG&E's and SoCalGas's test year revenue requirements for 2024 and attrition year adjustments for 2025 through 2027. The decision also provides mechanisms for SDG&E and SoCalGas to seek cost recovery for specified safety, maintenance, and reliability investments. SDG&E and SoCalGas will record the retroactive impacts of the GRC decision in the fourth quarter of 2024.
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About Sempra
Sempra is a diversified energy services company primarily engaged in the generation, transmission, and distribution of electricity and natural gas. As a key player in the energy sector, Sempra operates through several key subsidiaries, focusing on different aspects of utility services and renewable energy solutions. The company serves millions of consumers across North America, emphasizing sustainable practices and the integration of renewable energy sources into its grid. Its investments in liquefied natural gas (LNG) exports and infrastructure position Sempra as a significant contributor to global energy markets. By balancing traditional energy production with innovative, sustainable solutions, Sempra plays a critical role in meeting the growing energy demands while aligning with global decarbonization efforts. Its strategic initiatives aim to provide reliable energy solutions while supporting economic growth and environmental stewardship in its service areas.
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