SAN DIEGO GAS & ELECTRIC CO 8-K

What Happened San Diego Gas & Electric Company (an indirect subsidiary of Sempra) filed an 8-K on March 17, 2026 disclosing that on March 16, 2026 it entered an underwriting agreement to issue and sell $625,000,000 of 5.200% First Mortgage Bonds, Series DDDD due 2036 and $475,000,000 of 5.950% First Mortgage Bonds, Series EEEE due 2056 in a registered public offering.

Key Details

• Total principal amount: $1,100,000,000 ( $625M Series DDDD due 2036; $475M Series EEEE due 2056 ).
• Public offering prices: 99.754% of par for Series DDDD; 99.392% of par for Series EEEE.
• Lead underwriters/representatives: BofA Securities, Goldman Sachs & Co. LLC, RBC Capital Markets, and Truist Securities.
• Offering will be made under a prospectus supplement and related prospectus filed under the company’s effective Form S-3 (File No. 333-269677).

Why It Matters This transaction raises $1.1 billion of long-term debt for SDG&E, which will increase the company’s outstanding debt and affect its future interest expense and debt maturities. The terms (coupon rates, maturities and offering prices) are important for investors tracking the company’s financing costs and leverage profile. The offering is being completed through underwriters in a registered public offering, with related documents filed with the SEC.