INVESTMENT IN UNCONSOLIDATED ENTITIES (Tables)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Operating revenues	$	1,592	$	1,438	$	4,227	$	3,980
Operating expenses	(1,007)		(929)		(3,007)		(2,734)
Income from operations	585		509		1,220		1,246
Interest expense	(140)		(115)		(396)		(331)
Income tax expense	(81)		(70)		(148)		(164)
Net income	376		315		672		732
Noncontrolling interest held by Texas Transmission Investment LLC	(75)		(62)		(135)		(146)
Earnings attributable to Sempra(1)	301		253		537		586

(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.