Material Event - Form 8-K

On March 22, 2024, San Diego Gas & Electric Company (the "Company"), an indirect subsidiary of Sempra, closed its previously announced public offering and sale of $600,000,000 aggregate principal amount of its 5.550% First Mortgage Bonds, Series BBBB, due 2054 (the "Bonds") with proceeds to the Company (after deducting the underwriting discount but before deducting the Company's other offering expenses estimated at approximately $1.5 million) of 98.109% of the aggregate principal amount of the Bonds. The sale of the Bonds was registered under the Company's Registration Statement on Form (File

The Bonds were issued pursuant to the Seventy-Sixth Supplemental Indenture, dated as of March 22, 2024, which is filed herewith as Exhibit 4.1. The Bonds will mature on April 15, 2054. The Bonds will bear interest at the rate of 5.550% per annum. Interest on the Bonds will accrue from March 22, 2024 and is payable semiannually in arrears on April 15 and October 15 of each year, beginning on October 15, 2024. The Bonds will be redeemable prior to maturity at the redemption prices and under the circumstances described in the form of Bond, which form is included in Exhibit 4.1 hereto.

The foregoing description of some of the terms of the Bonds is not complete and is qualified in its entirety by the form of Bond and the Seventy-Sixth Supplemental Indenture, which are filed as exhibits herewith and are incorporated herein by reference. Further information regarding the sale of the Bonds is contained in the Underwriting Agreement, dated March 18, 2024, which was filed as Exhibit 1.1 to the Company's Current Report on Form filed with the U.S. Securities and Exchange Commission on March 19, 2024.