INVESTMENT IN UNCONSOLIDATED ENTITIES (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
	2023		2022
Operating revenues	$	1,292	$	1,249
Operating expenses	(1,024)		(897)
Income from operations	268		352
Interest expense	(123)		(108)
Income tax expense	(24)		(42)
Net income	99		191
Noncontrolling interest held by Texas Transmission Investment LLC	(20)		(38)
Earnings attributable to Sempra(1)	79		153

(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.