Sempra
SDG&E Files Unopposed Settlement Offer with FERC
Summary
On March 23, 2026, San Diego Gas & Electric Company (SDG&E), a subsidiary of Sempra, filed an unopposed offer of settlement in its TO6 proceeding with the U.S. Federal Energy Regulatory Commission (FERC). The settlement, if approved, would increase SDG&E's authorized base return on equity from 10.10% to 10.28% and establish a new capital structure with 54% equity. The terms of the settlement are subject to FERC approval, which is expected in the second half of 2026. If approved, the settlement terms would be effective retroactive to June 1, 2025. The impact of these settlement terms on Sempra's diluted earnings-per-common-share (EPS) is expected to fall within its previously announced 2026 and 2027 EPS guidance ranges.
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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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