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SEMPRA

Regulatory Filings Mar 28, 2025

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 28, 2025

Commission File Number Exact Name of Registrants as Specified in their Charters, Address and Telephone Number State of Incorporation I.R.S. Employer Identification Nos. Former name or former address, if changed since last report
1-14201 SEMPRA 488 8th Avenue San Diego , California 92101 ( 619 ) 696-2000 California 33-0732627 No change
1-03779 SAN DIEGO GAS & ELECTRIC COMPANY 8330 Century Park Court San Diego , California 92123 ( 619 ) 696-2000 California 95-1184800 No change

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

Title of Each Class Trading Symbol Name of Each Exchange on Which Registered
Sempra:
Sempra Common Stock, without par value SRE New York Stock Exchange
Sempra 5.75% Junior Subordinated Notes Due 2079, $25 par value SREA New York Stock Exchange
San Diego Gas & Electric Company:
None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company
Sempra
San Diego Gas & Electric Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Sempra
San Diego Gas & Electric Company

Item 8.01 Other Events.

On March 28, 2025, San Diego Gas & Electric Company (the “Company”), an indirect subsidiary of Sempra, closed its previously announced public offering and sale of $850,000,000 aggregate principal amount of its 5.400% First Mortgage Bonds, Series CCCC, due 2035 (the “Bonds”) with proceeds to the Company (after deducting the underwriting discount but before deducting the Company’s other offering expenses estimated at approximately $2.0 million) of 99.070% of the aggregate principal amount of the Bonds. The sale of the Bonds was registered under the Company’s Registration Statement on Form S-3 (File No. 333-269677).

The Bonds were issued pursuant to the Seventy-Seventh Supplemental Indenture, dated as of March 28, 2025, which is filed herewith as Exhibit 4.1. The Bonds will mature on April 15, 2035. The Bonds will bear interest at the rate of 5.400% per annum. Interest on the Bonds will accrue from March 28, 2025 and is payable semiannually in arrears on April 15 and October 15 of each year, beginning on October 15, 2025. The Bonds will be redeemable prior to maturity at the redemption prices and under the circumstances described in the form of Bond, which form is included in Exhibit 4.1 hereto.

The foregoing description of some of the terms of the Bonds is not complete and is qualified in its entirety by the form of Bond and the Seventy-Seventh Supplemental Indenture, which are filed as exhibits herewith and are incorporated herein by reference. Further information regarding the sale of the Bonds is contained in the Underwriting Agreement, dated March 24, 2025, which was filed as Exhibit 1.1 to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 25, 2025.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description of Exhibit
4.1 Seventy-Seventh Supplemental Indenture, dated as of March 28, 2025.
4.2 Form of Series CCCC Bond (Included in Exhibit 4.1 hereto).
5.1 Opinion of Latham & Watkins LLP.
23.1 Consent of Latham & Watkins LLP (contained in the opinion filed as Exhibit 5.1 hereto).
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: March 28, 2025
By: /s/ Peter R. Wall
Peter R. Wall
Senior Vice President, Controller and Chief Accounting Officer
Date: March 28, 2025
By: /s/ Valerie A. Bille
Valerie A. Bille
Senior Vice President, Chief Financial Officer, Chief Accounting Officer, Controller and Treasurer

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