NYSE:SREIntegrated Utilities
Will Preserved 10% Utility Returns in California Change Sempra's (SRE) Investment Narrative?
Earlier in 2025, the California Public Utilities Commission voted 4–1 to let San Diego Gas & Electric and Southern California Gas, owned by Sempra, keep allowed profit margins around 10% for 2026, despite pressure from consumer advocates for much lower levels.
This decision shores up visibility on future returns for Sempra’s California utilities while highlighting ongoing political tension over energy affordability and utility profitability.
We’ll now examine how securing roughly 10% allowed...