ADDED
Management s Discussion and Analysis of Financial Condition and Results of Operations 72 Overview 72 Results of Operations by Registrant 73 Capital Resources and Liquidity 88 Critical Accounting Estimates 108 Item 7A.
Each such Registrant makes statements herein only as to itself and makes no statement whatsoever as to any other Registrant.
2025 Form 10-K | 4 Tab le of Cont ents The following terms and abbreviations appearing in this report have the meanings indicated below.
Department of Transportation DWR California Department of Water Resources ECA LNG ECA LNG Phase 1 and ECA LNG Phase 2, collectively ECA LNG Phase 1 ECA LNG Holdings B.V., a subsidiary of SI Partners that owns the ECA LNG Phase 1 project ECA LNG Phase 2 ECA LNG II Holdings B.V., a subsidiary of SI Partners that owns the ECA LNG Phase 2 project ECA Regas Facility Energ a Costa Azul, S.
Environmental Protection Agency EPC engineering, procurement and construction EPS earnings (losses) per common share 2025 Form 10-K | 5 Tab le of Cont ents GLOSSARY ERCOT Electric Reliability Council of Texas, Inc., the ISO and the regional coordinator of various electricity systems within Texas ESJ Energ a Sierra Ju rez, S.
IMG Infraestructura Marina del Golfo IOU investor-owned utility IRA Inflation Reduction Act of 2022 IRS U.S.
and indirect co-investor Canada Pension Plan Investment Board, collectively KKR Pinnacle KKR Pinnacle Investor L.P., an affiliate of Kohlberg Kravis Roberts Co.
kV kilovolt kW kilowatt kWh kilowatt hour LA Fires the wildfires in Los Angeles County, California, including the Palisades, Eaton and other fires, that burned in January and February of 2025 LH Mexico s Hydrocarbons Law LIE Mexico s Electricity Industry Law LNG liquefied natural gas LPG liquid petroleum gas LTIP long-term incentive plan MD A Management s Discussion and Analysis of Financial Condition and Results of Operations MMBtu million British thermal units (of natural gas) MMcf million cubic feet Moody s Moody s Investors Service, Inc.
LLC, MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scotia and Wells Fargo Bank, National Association, or one of their respective affiliates (each a forward purchaser) SB California Senate Bill scope 1 GHG emissions a company s direct GHG emissions from operations that it owns or controls scope 2 GHG emissions a company's indirect GHG emissions such as purchased electricity for its own use at its facilities SDG E San Diego Gas Electric Company SDSRA Senior Debt Service Reserve Account SEC U.S.
Securities and Exchange Commission SEDATU Secretar a de Desarrollo Agrario, Territorial y Urbano (Mexico s agency in charge of agriculture, land and urban development) SENER Secretar a de Energ a de M xico (Mexico s Ministry of Energy) series C preferred stock Sempra s 4.875% fixed-rate reset cumulative redeemable perpetual preferred stock, series C Sharyland Holdings Sharyland Holdings, L.P.
REMOVED
Management s Discussion and Analysis of Financial Condition and Results of Operations 66 Overview 66 Results of Operations by Registrant 67 Capital Resources and Liquidity 82 Critical Accounting Estimates 101 Item 7A.
Each such Registrant makes statements herein only as to itself and its consolidated entities and makes no statement whatsoever as to any other entity.
Department of Transportation DWR California Department of Water Resources ECA LNG ECA LNG Phase 1 and ECA LNG Phase 2, collectively ECA LNG Phase 1 ECA LNG Holdings B.V.
Environmental Protection Agency EPC engineering, procurement and construction EPS earnings (losses) per common share ERCOT Electric Reliability Council of Texas, Inc., the ISO and the regional coordinator of various electricity systems within Texas ESJ Energ a Sierra Ju rez, S.
IMG Infraestructura Marina del Golfo INEOS INEOS Energy Trading Limited, a subsidiary of INEOS Limited IOU investor-owned utility IRA Inflation Reduction Act of 2022 IRS U.S.
KKR Pinnacle KKR Pinnacle Investor L.P., an affiliate of Kohlberg Kravis Roberts Co.
kV kilovolt kW kilowatt kWh kilowatt hour LA Fires the wildfires in Los Angeles County, California, including the Palisades, Eaton and other fires, that burned in January and February of 2025 Leak the leak at the SoCalGas Aliso Canyon natural gas storage facility injection-and-withdrawal well, SS25, discovered by SoCalGas on October 23, 2015 LNG liquefied natural gas LPG liquid petroleum gas LTIP long-term incentive plan MD A Management s Discussion and Analysis of Financial Condition and Results of Operations Mexican Stock Exchange Bolsa Mexicana de Valores, S.A.B.
de C.V., or BMV MMBtu million British thermal units (of natural gas) MMcf million cubic feet Moody s Moody s Investors Service, Inc.
Securities and Exchange Commission SEDATU Secretar a de Desarrollo Agrario, Territorial y Urbano (Mexico s agency in charge of agriculture, land and urban development) SEFE SEFE Marketing Trading M xico S.
SENER Secretar a de Energ a de M xico (Mexico s Ministry of Energy) series A preferred stock 6% mandatory convertible preferred stock, series A series B preferred stock 6.75% mandatory convertible preferred stock, series B series C preferred stock Sempra s 4.875% fixed-rate reset cumulative redeemable perpetual preferred stock, series C Sharyland Holdings Sharyland Holdings, L.P.