Sempra Utilities File 2028 General Rate Case Applications
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Sempra Energy ( (SRE) ) has shared an update.
On June 15, 2026, SDG&E and SoCalGas filed their 2028 General Rate Case applications with the California Public Utilities Commission, seeking approval of test year 2028 revenue requirements and attrition-year adjustments through 2031 to cover operating costs, regulatory compliance, and rising expenses such as insurance and employee healthcare. SDG&E requested $3.76 billion for 2028 with annual increases through 2031, while SoCalGas requested $5.096 billion for 2028 with its own step-ups, and both utilities asked for a CPUC proposed decision by late 2027 so new rates can take effect in January 2028, though the final ruling could materially differ from these requests; Sempra also announced it will use a dedicated Corporate Updates webpage as an additional channel for disclosing potentially material investor information alongside its traditional SEC filings and communications.
The most recent analyst rating on (SRE) stock is a Buy
with a $100.00 price target.
To see the full list of analyst forecasts on Sempra Energy stock,
see the SRE Stock Forecast page.
Spark’s Take on SRE Stock
According to Spark, TipRanks’ AI Analyst, SRE is a Neutral.
The score is most constrained by weak cash-flow quality (persistent negative free cash flow) and soft technical momentum (below key moving averages with negative MACD). Offsetting these are constructive earnings-call takeaways, including affirmed EPS guidance and supportive regulatory developments, while valuation remains a mild headwind given the elevated P/E versus the dividend yield.
To see Spark’s full report on SRE stock,
click here.
More about Sempra Energy
Sempra is a North American energy infrastructure company whose regulated utility subsidiaries, San Diego Gas & Electric Company and Southern California Gas Company, provide electric and natural gas distribution services in California. These utilities operate under the oversight of the California Public Utilities Commission, which sets revenue requirements and authorized returns to support safe, reliable service and ongoing capital investment.
Average Trading Volume: 3,471,614
Technical Sentiment Signal: Strong Buy
Current Market Cap: $60.33B
For an in-depth examination of SRE stock, go to TipRanks’ Overview page.
