INVESTMENT IN UNCONSOLIDATED ENTITIES (Tables)

9 Months Ended

Sep. 30, 2022

Investments [Abstract]

Condensed Financial Statements

We provide summarized income statement information for Oncor Holdings in the following table.

SUMMARIZED FINANCIAL INFORMATION – ONCOR HOLDINGS
(Dollars in millions)
	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Operating revenues	$	1,438	$	1,286	$	3,980	$	3,572
Operating expenses	(929)		(866)		(2,734)		(2,531)
Income from operations	509		420		1,246		1,041
Interest expense	(115)		(104)		(331)		(308)
Income tax expense	(70)		(54)		(164)		(124)
Net income	315		255		732		587
Noncontrolling interest held by Texas Transmission Investment LLC	(62)		(51)		(146)		(118)
Earnings attributable to Sempra(1)	253		204		586		469

(1)    Excludes adjustments to equity earnings related to amortization of a tax sharing liability associated with a tax sharing arrangement and changes in basis differences in AOCI within the carrying value of our equity method investment.