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Get filing alertsSempra utilities file rate case seeking 5.5%–8.7% annual increases through 2031
Filed June 16, 2026 · Period ending June 15, 2026 · ~1 min read
Key Changes
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SDG&E filed 2028 General Rate Case requesting $3.76B test year revenue requirement, with annual increases of 8.7% (2029), 5.5% (2030), and 5.6% (2031) to recover operating costs and capital investments.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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SoCalGas filed 2028 General Rate Case requesting $5.10B test year revenue requirement, with annual increases of 6.2% (2029), 5.8% (2030), and 5.5% (2031) to recover operating costs and capital investments.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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Utilities requested CPUC proposed decision by end of 2027 with new rates effective January 2028; filing notes final decision may materially differ from requested amounts.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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Sempra will use new Corporate Updates webpage to disclose material information and comply with Regulation FD alongside traditional SEC filings and press releases.
Item 7.01 — Regulation FD Disclosure verify on EDGAR →
Summary
Sempra's California utilities SDG&E and SoCalGas filed General Rate Case applications with the CPUC on June 15, 2026, seeking combined test year 2028 revenue requirements of with annual increases ranging from 5.5% to 8.7% through 2031.
These filings determine the authorized revenues the utilities can collect from customers to recover operating costs, capital investments, insurance, healthcare costs, and regulatory compliance expenses. The requested increases translate to higher customer rates if approved.
The CPUC will review these applications over the next 18 months, with the utilities requesting a proposed decision by end of 2027 and new rates effective January 2028. The filing explicitly notes that the CPUC's final decision may materially differ from the requested amounts, introducing regulatory uncertainty around ultimate approved revenue levels. For Sempra investors, the outcome will directly impact earnings visibility at the company's two largest utilities, which together represent a substantial portion of consolidated operations. The multi-year rate plan structure provides revenue predictability if approved as requested, but the CPUC's historical practice of modifying utility requests means the final authorized returns and revenue growth may differ from these initial filings.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 15, 2026, SDG&E and SoCalGas concurrently filed their 2028 GRC applications requesting CPUC approval of test year revenue requirements for 2028 and attrition year adjustments for 2029 through 2031.
Sempra's California utilities filed General Rate Case applications with the CPUC seeking approval for revenue requirements covering 2028-2031. These filings determine the authorized revenues the utilities can collect from customers to recover operating costs and earn returns on capital investments. The CPUC will review and may materially modify the requests before issuing a decision.
Added in current filing · view on EDGAR →
SDG&E $ 3,760 $ 327 8.7 % $ 226 5.5 % $ 240 5.6 %
SDG&E requested a 2028 test year revenue requirement of $3,760 million, with attrition year increases of $327 million (8.7%) for 2029, $226 million (5.5%) for 2030, and $240 million (5.6%) for 2031. These amounts represent the revenues SDG&E seeks authorization to collect from customers to cover operating costs, capital investments, insurance, healthcare costs, and regulatory compliance.
Added in current filing · view on EDGAR →
SoCalGas 5,096 315 6.2 312 5.8 314 5.5
SoCalGas requested a 2028 test year revenue requirement of $5,096 million, with attrition year increases of $315 million (6.2%) for 2029, $312 million (5.8%) for 2030, and $314 million (5.5%) for 2031. These amounts represent the revenues SoCalGas seeks authorization to collect from customers to cover operating costs, capital investments, insurance, healthcare costs, and regulatory compliance.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 7, 2026 · How we verify