On March 16, 2026, San Diego Gas & Electric Company (SDG&E), an indirect subsidiary of Sempra, entered into an underwriting agreement to issue and sell $625 million of its 5.200% First Mortgage Bonds, Series DDDD, due 2036, and $475 million of its 5.950% First Mortgage Bonds, Series EEEE, due 2056. The bonds are being offered at a public offering price of 99.754% for the Series DDDD Bonds and 99.392% for the Series EEEE Bonds. This issuance is part of SDG&E's strategy to raise capital for its ongoing operations and investments in infrastructure improvements. The bonds will be registered under a prospectus supplement filed with the U.S. Securities and Exchange Commission (SEC) as part of the company's effective shelf registration statement. The offering is expected to enhance SDG&E's liquidity position, allowing it to fund capital expenditures and maintain its operational capabilities. The bonds will be secured by a mortgage and deed of trust, ensuring that investors have a claim on the company's assets in the event of default. This move is seen as a proactive step to strengthen the company's financial foundation amidst ongoing regulatory and operational challenges in the utility sector.

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