INVESTMENT IN UNCONSOLIDATED ENTITIES (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2023		2022		2023		2022
Operating revenues	$	1,343	$	1,293	$	2,635	$	2,542
Operating expenses	(976)		(908)		(2,000)		(1,805)
Income from operations	367		385		635		737
Interest expense	(133)		(108)		(256)		(216)
Income tax expense	(43)		(52)		(67)		(94)
Net income	197		226		296		417
Noncontrolling interest held by Texas Transmission Investment LLC	(40)		(46)		(60)		(84)
Earnings attributable to Sempra(1)	157		180		236		333

(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.