We use cookies, pixels, and similar tools (“cookies”), some provided by third parties, to operate, improve, and personalize content and ads on our and other sites, and to enable and optimize site functionality. We and these third-parties may monitor, record, and access your data, including IP address and other identifiers, for these and similar purposes. More info: Privacy Policy. By browsing the site, you agree to our TERMS & CONDITIONS and to the use of these cookies and the collection/disclosure of your information by us and third-parties.

Investors
Careers
Newsroom
SRE: ()

Our business
Who we serve
Our team

Displaying results 451 - 465 of 1201

New Issue of SoCalGas' EMPOWER Magazine Highlights Local Workforce Development Non-Profit Partnerships

LOS ANGELES, March 7, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) released the latest issue of EMPOWER Magazine, a quarterly publication spotlighting the company's efforts to achieve measurable social impact in diversity, equity, and inclusion in the workplace and in communities it serves. This second edition of EMPOWER features inspiring stories and a new video about SoCalGas' work with non-profit organizations like the Los Angeles Urban League that provide essential workforce development and career advancement opportunities in underserved communities. The community partnerships highlighted in EMPOWER align with the Company's ASPIRE 2045 sustainability goals, which includes a commitment to invest $50 million to drive positive change in diverse and underserved communities over the next five years. "SoCalGas employs a diverse population that reflects the communities we serve; for us, doing the right thing means creating a culture in which everyone is seen, heard, and has a sense of belonging," said Jeff Walker, Senior Vice President, Chief Administrative and Diversity Officer. "Whether it's partnerships with non-profits or local businesses our community investments support safety, sustainability, and social justice. Diversity and inclusion are fundamental to our business values and a lens that focuses all that we do." Last year, SoCalGas awarded workforce development grants to 44 nonprofits across 23 cities. The latest edition of EMPOWER focuses on SoCalGas' work with six of those organizations that focus on workforce development and career advancement, including: the Los Angeles Urban League, Los Angeles Brotherhood Crusade, JVS SoCal, Pacific Asian Consortium in Employment (PACE), Youth Action Project, and the South Bay Workforce Investment Board. In total, SoCalGas invested more than $9 million in communities it serves, supporting approximately 900 nonprofits throughout its 12-county service area. "I want to commend SoCalGas for partnering with nonprofit organizations in the Second District, including the LA Urban League and Brotherhood Crusade, to help provide essential training skills and create sustainable job opportunities for our residents. The workforce programs highlighted in its EMPOWER Magazine truly showcase the positive ripple effect SoCalGas has in our community and I look forward to seeing the full impact these programs will have for our working families," said Los Angeles County Board of Supervisors Chair, Holly J. Mitchell. The issue highlights the partnership with the Los Angeles Urban League's workforce development program, the Construction Career Academy, which provides no-cost training for jobs in the construction and utility trades. It also features Los Angeles area residents who successfully completed the training academy and are now employed full-time by SoCalGas. Watch their stories on this new video here. "We are thankful to be highlighted in this issue of EMPOWER as it demonstrates the power of partnership that has resulted in successful job placements through our Construction Career Academy," said Los Angeles Urban League President and CEO Michael Lawson. "The workforce development partnership is not only directly changing people's lives with new careers; together we are strengthening families and empowering our communities through job training and placement." In addition to community partnerships, SoCalGas supports its sustainability and social justice goals through its procurement efforts. In 2020, the company's Supplier Diversity Program spent a record $884.2 million with over 550 minority, service-disabled veteran, LGBTQ, and women-owned businesses, with over 91% of suppliers located in California. It was the 28th consecutive year SoCalGas exceeded state regulator's goals for supplier diversity programs. SoCalGas is also helping make more diverse businesses eligible to bid for work with utilities by increasing participation in the company's Technical Assistance Programs (TAPs) by 30 percent, in support of increasing the company's total annual Diverse Business Enterprise spend to 45 percent by 2025. The company has also set goals to have a measurable social impact through its recruitment and hiring practices. SoCalGas is positioned to be an industry leader in racial and ethnic diversity representation in leadership roles, and is taking actions to enhance the presence of women in leadership roles and the overall workforce by 2025. To read this issue's EMPOWER Magazine, go to https://empowerscg.com. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

Bringing home our support for veterans

Championing people and doing the right thing are two of Sempra’s values on full display as we help make new homes a reality for two deserving U.S. Army veterans. Former Army Specialist Kisha Dorsey and Former Army Sergeant James Ford will soon move into new homes built by PulteGroup, Inc. in the Houston suburbs, and donated through their Built to Honor program to Operation Homefront. After successfully completing a comprehensive program with Operation Homefront caseworkers and financial counselors who will help them prepare for long-term home ownership, the families will be deeded the homes mortgage-free. These homes and services were made possible thanks to PulteGroup, Inc. and a $50,000 grant by Sempra to Operation Homefront. Helping veterans like Kisha Dorsey become homeowners Kisha Dorsey proudly served in the U.S. Army until the physical demands of military life took its toll and injuries forced her to retire. She faced a new set of obstacles returning to civilian life, including losing her job and enduring tough economic circumstances. For a time, she thought she’d have to move into a homeless shelter or live on the streets because she couldn’t afford housing. Kisha is a loving, single mom with two boys, one of whom was born with autism after suffering a stroke in utero. Her perseverance and drive landed her a new job as a payroll administrator for Lone Star College in Houston where she works to provide for her sons and to give them access to critical health and developmental services. Owning a home will help meet her sons’ needs and set up her family for success. She told us if she could draw her dream home, it would look a lot like the one she is being awarded in the Houston suburb of Hockley, Texas. “It checks all of the boxes,” she said of her new home. “I have a great community in that area. It is in a safe neighborhood and it will be amazing just to own a home. All the rest is for my kids, but that part is the dream for me. To be a homeowner will make my day and my year and my decade. It will make all of the struggle and striving so worth it.” Empowering veterans like James Ford to succeed The second veteran to receive a home is James Ford. Former Army Sergeant and combat engineer, Ford planned on a long military career but an enemy attack in Afghanistan resulted in the loss of his right leg below the knee. Despite the severe injury, Ford is focused on not letting anything hold him back. He is in the process of completing a master’s degree at Texas A&M and plans to pursue a Ph.D. in ecology and evolutionary biology at Rice University in Houston. The awarded home will help give Ford’s family, two kids and his service dog, a place to settle down. “It will mean so much,” Ford said of the new house. “My daughter will have her own room and the option to do with the space what she wants.” He is also hopeful the new, mortgage-free home will allow him to give back to fellow disabled veterans in the future. After school, James wants to form his own research company that would employ disabled veterans. Championing people with Operation Homefront Operation Homefront is a national nonprofit co-headquartered in San Antonio, Texas and Arlington, Virginia, focused on building strong, stable and secure military families so they can thrive in the communities they’ve worked so hard to protect. The organization’s Permanent Homes for Veterans program has helped more than 700 veterans since its inception in 2012 with an opportunity to move into their own homes, mortgage-free, thanks to the generous support of individual and corporate donors. At the end of January, the local Houston community gathered with these veteran families at the groundbreaking event, officially kicking off the construction process for both homes. With a mission to be North America’s premier energy infrastructure company, Sempra is focused on building resilient energy networks to support a growing Texas economy. Putting our energy behind Texas means not only moving our business forward, but actively supporting Texas communities and organizations that are addressing some of the greatest social needs in the state. Find out more about the different ways Sempra strives to champion people and strengthen our Texas communities. Read an update about this project

SoCalGas Begins Assembling Award-Winning H2 Hydrogen Home

LOS ANGELES, March 2, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) has kicked off the assembly of its award-winning H2 Hydrogen Home in Downey, a state-of-the-art demonstration project designed to show the resiliency and reliability of a hydrogen microgrid. The company took delivery of the modular, prefabricated H2 Hydrogen Home, which is the first of its kind in the United States and will show how carbon-free gas made from renewable electricity can be used to fuel clean energy systems of the future. The home will act as a miniature microgrid – storing and providing resilient, low-carbon power when energy is needed – and demonstrate how such an energy system could be constructed on a larger scale to power residential neighborhoods and businesses. "For the past decade, SoCalGas has invested in hydrogen research and development, recognizing it as a critical component of our transition to net-zero emissions," said Maryam Brown, SoCalGas President. "The H2 Hydrogen home brings many of the technologies that we helped pioneer together under one roof in a unique showcase of how California might power resilient communities and businesses in the future." "The H2 Hydrogen Home is a tangible example of the cutting-edge technologies and clean energy systems that we will need to meet our net-zero carbon goal by 2045," said California Assemblymember Cristina Garcia. "As we shift toward a future of renewable electricity in California, we will rely on a variety of energy solutions, including hydrogen and advanced fuel cells to create a more resilient grid. I am proud that this first in the nation example will be showcased in the 58th district." "From our days as the home of the Apollo Space Systems, we in the City of Downey have been proud to be at the forefront of new and developing technologies," said Downey Councilmember and former Mayor Claudia M. Frometa. "Now we are excited to be a part of this historic moment in furthering the development of green hydrogen." The H2 Hydrogen Home features a nearly 2,000 square-foot home, solar panels, a battery, an electrolyzer to convert solar energy to hydrogen and a fuel cell to supply electricity for the home. Hydrogen will also be blended up to 20% with natural gas and used in the home's tank-less water heater, clothes dryer, and gas stove, fireplace and BBQ grill. The home will function and feel exactly like a regular home but use reliable and clean energy 24 hours a day, 7 days a week, 365 days a year, by drawing power from solar panels on sunny days and converting excess energy into clean hydrogen, which can be stored and then converted back into electricity with an on-site hydrogen fuel cell when solar or batteries cannot provide enough energy. The home is also being constructed to LEED Platinum standards. The materials for the home were delivered this week by clean Class 8 trucks powered by hydrogen and electric power supply systems that only emit water. The featured participants included two Hyundai XCIENT Fuel Cell trucks, part of a California Air Resources Board (CARB) and California Energy Commission (CEC) project called "NorCal ZERO" to deploy or supply 30 trucks in Northern California by early 2023, as well as two Kenworth T680s equipped with the Toyota fuel cell electric system, which are being demonstrated as part of the CARB Port of Los Angeles "Shore to Store" (S2S) project. SoCalGas is on the cutting edge of clean energy technology, leading the nation in the march toward net zero through innovative hydrogen projects. In March 2021, it became the largest gas distribution utility in North America to set a net zero target for greenhouse gas emissions in its operations and delivery of energy by 2045. Hydrogen is set to play a critical part in SoCalGas' – and California's – energy future, particularly in transitioning hard-to-decarbonize sectors such as dispatchable electric generation, heavy industries, and heavy-duty transportation. In all, SoCalGas has more than 10 major pilot projects related to hydrogen innovation that are leading the charge to build a cleaner future. Just last week, SoCalGas proposed to develop what would be the nation's largest green hydrogen energy infrastructure system to work toward decarbonizing those sectors in the L.A. Basin. The proposal, called Angeles Link, could displace up to 3 million gallons of diesel per day, helping to eliminate hazardous air pollutants, and could allow natural gas power plants in the region to convert to green hydrogen. Last summer, Fast Company named the H2 Hydrogen Home one of its world-changing ideas for 2021. The project is set to be completed as soon as summer 2022. For more information on the project, click here. For B-roll and photos of the project, click here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About Hyundai Motor Company Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision 'Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Urban Air Mobility (UAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies. More information about Hyundai Motor and its products can be found at: http://worldwide.hyundai.com or http://globalpr.hyundai.com or http://trucknbus.hyundai.com/hydrogen/en. About Toyota Toyota, creator of the Prius hybrid and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota and Lexus brands, and directly employs more than 48,000 people in North America (more than 39,000 in the U.S.). Over the past 60 years, Toyota has assembled nearly 43 million cars and trucks in North America at the company's 13 manufacturing plants. By 2025, the company's 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. Through our more than 1,800 North American dealerships (nearly 1,500 in the U.S.), Toyota sold more than 2.6 million cars and trucks (more than 2.3 million in the U.S.) in 2021, of which more than a quarter were electrified vehicles (hybrids, plug-ins and fuel cells). About Kenworth Kenworth Truck Company is the manufacturer of The World's Best® heavy and medium duty trucks. With an excellent heritage of quality, innovation and technology, Kenworth has played an essential role in the development of trucks that are more fuel efficient, productive and economical to operate. In addition to the demonstration of class 8 hydrogen fuel cell powered Kenworth T680s, Kenworth's Driving To Zero Emissions™ program features the Kenworth T680E, K270E and K370E battery electric vehicles designed for local pickup and delivery, drayage and short regional haul applications. Built on proven platforms with superior visibility, reliability, maneuverability and driver comfort, the EV models combine state-of-the-art zero emissions powertrains with comprehensive PACCAR charging solutions and infrastructure support to drive to zero emissions with confidence. To learn more about how Kenworth is Driving To Zero Emissions, visit the program's website ( www.kenworth.com/innovation/zero-emissions). SOURCE Southern California Gas Company

Helping create economic opportunity for Black communities

The Sempra family of companies have long supported Black and African American communities as part of the company’s ongoing commitment to diversity and inclusion and vision to deliver energy with purpose. Rooted in the belief that economic opportunity and prosperity are central to advancing equity, we work hard to foster strategic relationships with the communities and customers our operating companies serve. In fact, in the last year alone, Sempra’s family of companies engaged nonprofit organizations serving nearly 100,000 Black and African American people across the U.S. This year, Sempra’s corporate priority of economic prosperity is focused on educational attainment, job creation and security, financial stability and wellbeing, entrepreneurship and professional growth and development to further drive economic stability and prosperity for Black and African American communities. Helping to eliminate barriers Expanding upon our work to foster strong and sustainable communities in Texas, Sempra recently partnered with the Houston Area Urban League to launch the League’s Entrepreneurship Center’s Small Business University and Small Business Exchange. Both programs seek to eliminate barriers faced by Black- and other diverse-owned businesses and entrepreneurs of color by providing support through all stages of entrepreneurship — from early discovery and start-up, to small business growth, development and success. Supporting the expansion of access San Diego-based social enterprise, Mission Edge, brings entrepreneurs’ ideas to life by providing strategic support, operational tools and financial sponsorship to nonprofits and social-purpose businesses. Sempra supports Mission Edge’s Seed the Future Impact Fund, which provides access to capital for early-stage entrepreneurs. The Fund addresses a systemic barrier faced by businesses that are owned and operated by Black and other founders of color: gaining access to seed capital. When seed money and intensive technical and sales support are provided to business owners and operators in underserved communities, the result is often growth, scale, and profitability. In addition to these examples, Sempra’s California utilities, Southern California Gas Company ( SoCalGas) and San Diego Gas & Electric Company ( SDG&E) have made meaningful contributions toward Black and African American communities. Mapping Black California, an initiative supported by SoCalGas, illustrates the impacts of COVID-19 on Black and African American communities along with locations of Black-led nonprofits in SoCalGas' service area. By identifying gaps, SoCalGas and others can pinpoint opportunities to better support these communities. In another example, SDG&E supported an exhibit entitled “Say Their Names,” which commemorates the lives of 200 Black individuals who were killed as a result of racial injustice, and highlights civil rights leaders in its service area. At Sempra, our values of do the right thing, champion people and shape the future are drivers of year-round actions. We believe in the power and impact of sustained relationships and community investments and continually seek opportunities to support Black and African American communities in priority areas such as education, economic empowerment and entrepreneurship. Learn more about our community investment programs by visiting Sempra Foundation.

Sempra Reports 2021 Financial and Business Results

SAN DIEGO, Feb. 25, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced full-year 2021 earnings of $1.25 billion, or $4.01 per diluted share, compared to full-year 2020 earnings of $3.76 billion, or $12.88 per diluted share. On an adjusted basis, the company's full-year 2021 earnings were $2.64 billion, or $8.43 per diluted share, compared to $2.34 billion, or $8.00 per diluted share, in 2020. "2021 was an important step in our transformation journey, capping off another year of investment focus on our U.S. utilities where rate base has nearly tripled in the last four years," said Jeffrey W. Martin, chairman and chief executive officer of Sempra. "With the benefit of added scale, we have improved the safety and reliability of our services and visibility to future earnings growth." In the fourth quarter of 2021, Sempra reported earnings of $604 million, or $1.90 per diluted share, compared to $414 million, or $1.43 per diluted share, in the fourth quarter of 2020. On an adjusted basis, fourth quarter 2021 earnings were $688 million, or $2.16 per diluted share, compared to $668 million, or $2.28 per diluted share in the fourth quarter 2020. The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP (generally accepted accounting principles in the United States of America) earnings, reconciled to adjusted earnings, for the fourth quarter and full-year 2021 and 2020. Three months ended Years ended December 31, December 31, (Dollars and shares in millions, except EPS) 2021 2020 2021 2020 (Unaudited) GAAP Earnings $ 604 $ 414 $ 1,254 $ 3,764 Impacts Associated with Aliso Canyon Litigation and Regulatory Matters 16 139 1,148 233 Impact from Foreign Currency and Inflation and Associated Undesignated Derivatives 1 3 112 44 1 Net Unrealized (Gains) Losses on Commodity Derivatives 1 (129) 3 47 (9) Costs Associated with Early Redemptions of Debt 122 - 122 - Net Income Tax Expense Related to the Utilization of a Deferred Income Tax Asset 72 - 72 - (Earnings) Losses from Investment in RBS Sempra Commodities LLP - - (50) 100 Gain on Sale of South American Businesses - - - (1,747) Adjusted Earnings 2 $ 688 $ 668 $ 2,637 $ 2,342 GAAP Diluted Weighted-Average Common Shares Outstanding 320 290 313 292 GAAP EPS $ 1.90 $ 1.43 $ 4.01 $ 12.88 Adjusted Diluted Weighted-Average Common Shares Outstanding 320 308 313 306 Adjusted EPS 2,3 $ 2.16 $ 2.28 $ 8.43 $ 8.00 1) Q4-2020 and FY-2020 Adjusted Earnings and Adjusted EPS have been updated to exclude this item to conform to current year presentation. 2) See Table A for information regarding non-GAAP financial measures and descriptions of adjustments. 3) To calculate Q4-2020 Adjusted EPS, preferred dividends of $36M are added back to Adjusted Earnings because of the dilutive effect of Series A and Series B mandatory convertible preferred stock. To calculate YTD-2020 Adjusted EPS, preferred dividends of $104M are added back to Adjusted Earnings because of the dilutive effect of Series A mandatory convertible preferred stock. U.S. Utility Growth Over the next five years, Sempra continues to see robust opportunities to invest over $33 billion in its California and Texas utilities to improve safety, bolster reliability and support the delivery of cleaner sources of energy. Together with expected capital expenditures at Sempra Infrastructure, the company is forecasting a company-record five-year capital plan of approximately $36 billion. These utility investments support strong projected rate base growth. Over the past four years, Sempra has grown its U.S. utility rate base from $14 billion to $41 billion and forecasts rate base to further increase to $62 billion by 2026. Common Stock Dividend Increased for 12 th Consecutive Year Sempra's board of directors declared a $1.145 per share quarterly dividend on the company's common stock, which is payable April 15, 2022, to common stock shareholders of record as of March 25, 2022. The declared quarterly dividend represents an increase of the company's common stock dividend to $4.58 per share, on an annualized basis, from $4.40 per share in 2021. This marks the 12 th consecutive year Sempra has raised its dividend and, coupled with $1 billion of share repurchases since July 2020, highlights the company's long track record of returning value to shareholders. The foregoing includes $500 million of share repurchases that have been completed since November 2021. There is remaining board authorization for $1.5 billion to support share repurchases in the future. Additionally, Sempra's board of directors declared a semi-annual dividend of $24.375 per share on the company's 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C. The preferred stock dividends will be payable April 15, 2022, to preferred stock shareholders of record at the close of business on April 1, 2022. Sempra California Prioritizes Safety and Reliability Sempra's California utilities, San Diego Gas & Electric Co. (SDG&E) and Southern California Gas Co. (SoCalGas), are well positioned to support California's ambitious clean energy goals. In 2021, the utilities innovated to better serve customers, improved operational safety and reliability, and supported the modernization of their energy networks with a focus on climate resiliency. To help strengthen grid reliability during periods of high customer demand and extreme weather conditions, SDG&E has been increasing its diverse portfolio of energy storage solutions, including mobile batteries, flow batteries and microgrids. Recently, SDG&E completed a zero-emissions microgrid pilot project using a vanadium redox flow battery – the first utility-scale battery of its kind to be connected to the California Independent System Operator market. In December 2021, the California Public Utilities Commission (CPUC) authorized SDG&E to add 40 megawatts (MW) of energy storage as part of new microgrid projects. Additionally, SDG&E was authorized earlier this month to build three new energy storage facilities to further enhance the region's energy resilience. These three projects, expected to total 161 MW, would be able to provide enough capacity to meet the energy needs of up to 100,000 homes for up to four hours. Yesterday, the CPUC took an important step to advance clean fuels in California by establishing a renewable gas procurement standard, reaffirming the role of renewable gas and providing a collective target for California's investor-owned gas utilities of 17.6 billion cubic feet (Bcf) by 2025 and approximately 72.8 Bcf (12.2% of 2020 core customer demand) by 2030. SoCalGas is continuing to progress toward its previously announced goal of 20% renewable natural gas (RNG) deliveries to its core customers by 2030, delivering more than 4% RNG to core customers in 2021. In support of California's clean energy goals, SoCalGas recently announced a proposal to develop what would be the nation's largest green hydrogen energy infrastructure system, the Angeles Link. As contemplated, the Angeles Link would support the integration of more renewable electricity resources and deliver green hydrogen to the Los Angeles region in an amount equivalent to up to 25% of the natural gas SoCalGas delivers today and has the potential to significantly reduce greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucking and other hard-to-electrify sectors in Southern California. Sempra Texas Continues to Experience Strong Growth In 2021, Oncor Electric Delivery Company (Oncor) announced its five-year capital plan for 2022-2026 of $15 billion. This robust capital plan is designed to support the rapid economic growth in Texas as well as improve safety and reliability across the company's entire electrical network. High demand for electrification in Texas drove a company record of approximately 400 active transmission point of interconnection requests as of December 31, 2021, representing a nearly 40% year-over-year increase. Oncor maintained strong operational momentum in 2021, constructing new projects to support growth across the state of Texas and reliability for the ERCOT market. In West Texas, Oncor completed Phase 1 and Phase 2 of its 138 kilovolt and 345 kilovolt transmission infrastructure projects, which are designed to strengthen the transmission infrastructure and improve load-serving capabilities in West Texas. Sempra Infrastructure Advances Strategic Initiatives Sempra Infrastructure was formed in 2021 through the consolidation of Sempra's North American non-utility assets under a single platform intended to create scale and portfolio synergies through the investment in critical energy infrastructure. The company is organized around three core business groups: LNG and net-zero solutions, energy networks, and clean power. Sempra Infrastructure expects to finance its growth through internally generated cash flows and a strong balance sheet supported by investment grade ratings. In 2021, Sempra executed a series of transactions, including the completion of its previously announced sale of a 20% non-controlling interest in Sempra Infrastructure Partners to KKR. Following the close of the transaction, Sempra entered into a definitive agreement to sell another 10% non-controlling interest in Sempra Infrastructure Partners to a subsidiary of the Abu Dhabi Investment Authority (ADIA). Total expected proceeds for both transactions are approximately $5 billion. In combination, proceeds from the 30% sale of Sempra Infrastructure Partners highlight the value of this platform and allow Sempra to recycle capital back into its California and Texas utilities. Concurrently in 2021, Sempra Infrastructure continued to focus on operational excellence throughout its portfolio, including the development of two world-class LNG projects, Cameron LNG Phase 2 and Vista Pacífico LNG, which have over 10 Mtpa of combined projected capacity for customers in both the Atlantic and Pacific Basins. Additionally, in the fourth quarter, Cameron LNG Phase 1 reached facility-record LNG production levels. Sempra Infrastructure also advanced major construction of ECA LNG Phase 1, an export facility in Baja California, Mexico. ECA LNG Phase 1 is on time and on budget with first LNG production expected at the end of 2024. Sempra Infrastructure also announced the commencement of operations at Phase 2 of the Energía Sierra Juárez wind farm in Tecate, Baja California, which now provides a total of 263 MW of zero-carbon electricity through the company's cross-border power transmission line to supply the California electricity market. Sustainable Value Creation Sempra is advancing the energy transition through investments in decarbonization, diversification and digitalization – three key capabilities to help support a net-zero future. "The energy needs of customers are changing," said Martin. "That is why we have been intentional about updating our portfolio over the last several years to focus on the electrification of consumer markets, the needed expansion of energy networks and the global shift to cleaner power, all of which is generating significant growth across our utility and infrastructure businesses." Sempra aims to have net-zero emissions by 2050. In 2021, Sempra published a Sustainable Financing Framework, outlining its criteria for financing projects aligned with its environment, social and governance strategy and objectives. In combination, the Sempra family of companies and Sempra Foundation invested nearly $50 million in communities in 2021, supporting diverse and underserved communities and generating economic, environmental and social benefits for over half a million people through nearly 4,000 nonprofit organizations. Earnings Guidance Sempra is reaffirming its full-year 2022 earnings per common share (EPS) guidance range of $8.10 to $8.70 and announcing its full-year 2023 EPS guidance range of $8.60 to $9.20. Starting from the midpoint of the 2022 EPS guidance range, Sempra expects to grow long-term EPS at a compound annual growth rate of approximately 6% to 8% through 2026. "2021 was another exciting year of growth for our company and provides further validation of our focused T&D strategy with an emphasis on our utility platforms," said Trevor Mihalik, executive vice president and chief financial officer of Sempra. "Our track record of exceeding our adjusted EPS guidance four of the past five years, combined with our record $36 billion five-year capital plan, supports our positive view of the earnings power of the business going forward." Non-GAAP Financial Measures Non-GAAP financial measures include Sempra's adjusted earnings and adjusted EPS. See Table A for additional information regarding these non-GAAP financial measures. Internet Broadcast Sempra will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. ET with senior management of the company. Access is available by logging onto the website at sempra.com. For those unable to log on to the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 7611333. About Sempra Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "opportunity," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities and regulatory bodies; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, arbitrations, and property disputes, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation and rulemaking, as well as related goals set, and actions taken, by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical events and other uncertainties, such as the conflict in Ukraine; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices, including inflationary pressures in the U.S., and our ability to effectively hedge these risks and with respect to inflation and interest rates, the impact on SDG&E's and SoCalGas' cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, sec.gov, and on Sempra's website, sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document. SEMPRA ENERGY Table A CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts; shares in thousands) Three months endedDecember 31, Years endedDecember 31, 2021 2020 2021 2020 (unaudited) REVENUES Utilities: Natural gas $ 2,023 $ 1,686 $ 6,333 $ 5,411 Electric 1,129 1,140 4,658 4,614 Energy-related businesses 692 345 1,866 1,345 Total revenues 3,844 3,171 12,857 11,370 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (705) (343) (1,597) (925) Cost of electric fuel and purchased power (182) (269) (1,010) (1,187) Energy-related businesses cost of sales (163) (76) (611) (276) Operation and maintenance (1,240) (1,174) (4,338) (3,940) Aliso Canyon litigation and regulatory matters (22) (180) (1,593) (307) Depreciation and amortization (479) (424) (1,855) (1,666) Franchise fees and other taxes (154) (146) (596) (543) Impairment losses (3) — (3) (1) Gain (loss) on sale of assets 36 (3) 36 (3) Other income (expense), net 6 115 58 (48) Interest income 19 20 69 96 Interest expense (422) (263) (1,198) (1,081) Income from continuing operations before income taxes and equity earnings 535 428 219 1,489 Income tax expense (144) (189) (99) (249) Equity earnings 321 193 1,343 1,015 Income from continuing operations, net of income tax 712 432 1,463 2,255 Income from discontinued operations, net of income tax — — — 1,850 Net income 712 432 1,463 4,105 (Earnings) losses attributable to noncontrolling interests (97) 29 (145) (172) Preferred dividends (11) (47) (63) (168) Preferred dividends of subsidiary — — (1) (1) Earnings attributable to common shares $ 604 $ 414 $ 1,254 $ 3,764 Basic earnings per common share (EPS): Earnings $ 1.90 $ 1.43 $ 4.03 $ 12.93 Weighted-average common shares outstanding 318,890 289,009 311,755 291,077 Diluted EPS: Earnings $ 1.90 $ 1.43 $ 4.01 $ 12.88 Weighted-average common shares outstanding 319,510 290,216 313,036 292,252 SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA ADJUSTED EARNINGS TO SEMPRA GAAP EARNINGS (Unaudited) Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests (NCI)) in 2021 and 2020 as follows: Three months ended December 31, 2021: $(16) million from impacts associated with Aliso Canyon natural gas storage facility litigation at Southern California Gas Company (SoCalGas) $(3) million impact from foreign currency and inflation and associated undesignated derivatives $129 million net unrealized gains on commodity derivatives $(30) million in charges associated with hedge termination costs and a write-off of unamortized debt issuance costs from the early redemptions of debt at Sempra Infrastructure in October 2021 $(92) million in charges associated with make-whole premiums and a write-off of unamortized discount and debt issuance costs from the early redemptions of debt at Parent and other in December 2021 $(72) million net income tax expense related to the utilization of a deferred income tax asset upon completing the sale of a 20% NCI in Sempra Infrastructure Partners, LP (SI Partners) to KKR Pinnacle Investor L.P. (KKR) in October 2021 Three months ended December 31, 2020: $(139) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(112) million impact from foreign currency and inflation and associated undesignated derivatives $(3) million net unrealized losses on commodity derivatives Year ended December 31, 2021: $(1,148) million from impacts associated with Aliso Canyon natural gas storage facility litigation at SoCalGas $(44) million impact from foreign currency and inflation and associated undesignated derivatives $(47) million net unrealized losses on commodity derivatives $(30) million in charges associated with hedge termination costs and a write-off of unamortized debt issuance costs from the early redemptions of debt at Sempra Infrastructure in October 2021 $(92) million in charges associated with make-whole premiums and a write-off of unamortized discount and debt issuance costs from the early redemptions of debt at Parent and other in December 2021 $(72) million net income tax expense related to the utilization of a deferred income tax asset upon completing the sale of a 20% NCI in SI Partners to KKR in October 2021 $50 million equity earnings from investment in RBS Sempra Commodities LLP, which represents a reduction to an estimate of our obligations to settle pending value added tax (VAT) matters and related legal costs at our equity method investment at Parent and other Year ended December 31, 2020: $(233) million from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas $(1) million impact from foreign currency and inflation and associated undesignated derivatives $9 million net unrealized gains on commodity derivatives $(100) million equity losses from investment in RBS Sempra Commodities LLP, which represents an estimate of our obligations to settle pending VAT matters and related legal costs at our equity method investment at Parent and other $1,747 million gain on the sale of our South American businesses Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation effects and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra GAAP Earnings and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS (Dollars in millions, except per share amounts; shares in thousands) Pretax amount Income tax (benefit) expense(1) Non-controlling interests Earnings Pretax amount Income tax (benefit) expense(1) Non-controlling interests Earnings Three months ended December 31, 2021 Three months ended December 31, 2020 (unaudited) Sempra GAAP Earnings $ 604 $ 414 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters $ 22 $ (6) $ — 16 $ 180 $ (41) $ — 139 Impact from foreign currency and inflation and associated undesignated derivatives 8 (4) (1) 3 (32) 204 (60) 112 Net unrealized (gains) losses on commodity derivatives (222) 49 44 (129) 6 (2) (1) 3 Costs associated with early redemptions of debt 180 (51) (7) 122 — — — — Net income tax expense related to the utilization of a deferred income tax asset — 72 — 72 — — — — Sempra Adjusted Earnings(2) $ 688 $ 668 Diluted EPS: Sempra GAAP Earnings $ 604 $ 414 Weighted-average common shares outstanding, diluted – GAAP 319,510 290,216 Sempra GAAP EPS $ 1.90 $ 1.43 Sempra Adjusted Earnings(2) $ 688 $ 668 Add back dividends for dilutive series A preferred stock — 26 Add back dividends for dilutive series B preferred stock — 10 Sempra Adjusted Earnings for Adjusted EPS $ 688 $ 704 Weighted-average common shares outstanding, diluted – Adjusted(3) 319,510 308,105 Sempra Adjusted EPS(2) $ 2.16 $ 2.28 (1) Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. (2) Adjusted Earnings and Adjusted EPS have been updated to reflect the impact from foreign currency and inflation and associated undesignated derivatives and net unrealized (gains) losses on commodity derivatives for the three months ended December 31, 2020. (3) In the three months ended December 31, 2020, because the assumed conversion of the series A preferred stock and series B preferred stock are dilutive for Adjusted Earnings, 13,417 series A preferred stock shares and 4,472 series B preferred stock are added back to the denominator used to calculate Adjusted EPS. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS (Dollars in millions, except per share amounts; shares in thousands) Pretax amount Income tax (benefit)expense(1) Non-controlling interests Earnings Pretax amount Income tax (benefit)expense(1) Non-controllinginterests Earnings Year ended December 31, 2021 Year ended December 31, 2020 (unaudited) Sempra GAAP Earnings $ 1,254 $ 3,764 Excluded items: Impacts associated with Aliso Canyon litigation and regulatory matters $ 1,593 $ (445) $ — 1,148 $ 307 $ (74) $ — 233 Impact from foreign currency and inflation and associated undesignated derivatives 44 4 (4) 44 51 (74) 24 1 Net unrealized losses (gains) on commodity derivatives 23 (18) 42 47 (9) 2 (2) (9) Costs associated with early redemptions of debt 180 (51) (7) 122 — — — — Net income tax expense related to the utilization of a deferred income tax asset — 72 — 72 — — — — (Earnings) losses from investment in RBS Sempra Commodities LLP (50) — — (50) 100 — — 100 Gain on sale of South American businesses — — — — (2,899) 1,152 — (1,747) Sempra Adjusted Earnings(2) $ 2,637 $ 2,342 Diluted EPS: Sempra GAAP Earnings $ 1,254 $ 3,764 Weighted-average common shares outstanding, diluted – GAAP 313,036 292,252 Sempra GAAP EPS $ 4.01 $ 12.88 Sempra Adjusted Earnings(2) $ 2,637 $ 2,342 Add back dividends for dilutive series A preferred stock — 104 Sempra Adjusted Earnings for Adjusted EPS $ 2,637 $ 2,446 Weighted-average common shares outstanding, diluted – Adjusted(3) 313,036 305.669 Sempra Adjusted EPS(2) $ 8.43 $ 8.00 (1) Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income tax expense for the equity earnings or an income tax benefit for the equity losses from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction will reduce United Kingdom taxes. (2) Adjusted Earnings and Adjusted EPS have been updated to reflect the impact from foreign currency and inflation and associated undesignated derivatives and net unrealized losses (gains) on commodity derivatives for the year ended December 31, 2020. (3) In the year ended December 31, 2020, because the assumed conversion of the series A preferred stock is dilutive for Adjusted Earnings, 13,417 series A preferred stock shares are added back to the denominator used to calculate Adjusted EPS. SEMPRA ENERGY Table A (Continued) RECONCILIATION OF SEMPRA 2021 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA 2021 GAAP EPS GUIDANCE RANGE (Unaudited) Sempra 2021 Adjusted EPS Guidance Range of $7.75 to $8.35 excludes items (after the effects of income taxes and, if applicable, NCI) as follows: $(1,148) million from impacts associated with Aliso Canyon natural gas storage facility litigation at SoCalGas $(44) million impact from foreign currency and inflation and associated undesignated derivatives $(47) million net unrealized losses on commodity derivatives $(30) million in charges associated with hedge termination costs and a write-off of unamortized debt issuance costs from the early redemptions of debt at Sempra Infrastructure in October 2021 $(92) million in charges associated with make-whole premiums and a write-off of unamortized discount and debt issuance costs from the early redemptions of debt at Parent and other in December 2021 $(72) million net income tax expense related to the utilization of a deferred income tax asset upon completing the sale of a 20% NCI in SI Partners to KKR in October 2021 $50 million equity earnings from investment in RBS Sempra Commodities LLP, which represents a reduction to an estimate of our obligations to settle pending VAT matters and related legal costs at our equity method investment at Parent and other Sempra 2021 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes significant items that are generally not related to our ongoing business activities and/or infrequent in nature. This non-GAAP financial measure also excludes the impact from foreign currency and inflation effects and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2021 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2021 GAAP EPS Guidance Range. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra 2021 Adjusted EPS Guidance Range to Sempra 2021 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE Full-Year 2021 Sempra GAAP EPS Guidance Range(1) $ 3.36 to $ 3.96 Excluded items: Impacts associated with Aliso Canyon litigation 3.64 3.64 Impact from foreign currency and inflation and associated undesignated derivatives 0.14 0.14 Net unrealized losses on commodity derivatives 0.15 0.15 Costs associated with early redemptions of debt 0.39 0.39 Net income tax expense related to the utilization of a deferred income tax asset 0.23 0.23 Earnings from investment in RBS Sempra Commodities LLP (0.16) (0.16) Sempra Adjusted EPS Guidance Range $ 7.75 to $ 8.35 Weighted-average common shares outstanding, diluted (millions)(2)(3) 315 (1) Sempra's prior GAAP EPS Guidance Range for full-year 2021 has been updated to reflect the impacts associated with Aliso Canyon litigation, impact from foreign currency and inflation and associated undesignated derivatives and net unrealized losses on commodity derivatives for the year ended December 31, 2021. (2) Weighted-average common shares outstanding reflects the conversion of the series A preferred stock that converted on January 15, 2021 and series B preferred stock that converted on July 15, 2021. (3) Includes the impact of the Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) exchange offer. SEMPRA ENERGY Table B CONSOLIDATED BALANCE SHEETS (Dollars in millions) December 31, 2021 2020 ASSETS Current assets: Cash and cash equivalents $ 559 $ 960 Restricted cash 19 22 Accounts receivable – trade, net 2,071 1,578 Accounts receivable – other, net 398 403 Due from unconsolidated affiliates 23 20 Income taxes receivable 79 113 Inventories 389 308 Prepaid expenses 260 215 Regulatory assets 271 190 Greenhouse gas allowances 97 553 Other current assets 209 149 Total current assets 4,375 4,511 Other assets: Restricted cash 3 3 Due from unconsolidated affiliates 637 780 Regulatory assets 2,011 1,822 Insurance receivable for Aliso Canyon costs 360 445 Greenhouse gas allowances 422 101 Nuclear decommissioning trusts 1,012 1,019 Dedicated assets in support of certain benefit plans 567 512 Deferred income taxes 151 136 Right-of-use assets – operating leases 594 543 Investment in Oncor Holdings 12,947 12,440 Other investments 1,525 1,388 Goodwill 1,602 1,602 Other intangible assets 370 202 Wildfire fund 331 363 Other long-term assets 1,244 753 Total other assets 23,776 22,109 Property, plant and equipment, net 43,894 40,003 Total assets $ 72,045 $ 66,623 SEMPRA ENERGY Table B (Continued) CONSOLIDATED BALANCE SHEETS (CONTINUED) (Dollars in millions) December 31, 2021 2020 LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 3,471 $ 885 Accounts payable – trade 1,671 1,359 Accounts payable – other 178 154 Due to unconsolidated affiliates — 45 Dividends and interest payable 563 551 Accrued compensation and benefits 479 446 Regulatory liabilities 359 140 Current portion of long-term debt and finance leases 106 1,540 Reserve for Aliso Canyon costs 1,980 150 Greenhouse gas obligations 97 553 Other current liabilities 1,131 1,016 Total current liabilities 10,035 6,839 Long-term debt and finance leases 21,068 21,781 Deferred credits and other liabilities: Due to unconsolidated affiliates 287 234 Regulatory liabilities 3,402 3,372 Reserve for Aliso Canyon costs 3 301 Greenhouse gas obligations 225 — Pension and other postretirement benefit plan obligations, net of plan assets 687 1,059 Deferred income taxes 3,477 2,871 Asset retirement obligations 3,375 3,113 Deferred credits and other 2,067 2,119 Total deferred credits and other liabilities 13,523 13,069 Equity: Sempra Energy

SoCalGas Applauds Establishment of First Renewable Gas Standard in the United States

LOS ANGELES, Feb. 24, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), applauds action taken by the California Public Utilities Commission (CPUC) today to establish a renewable gas standard, an important step toward decarbonizing the gas system and reducing short-lived climate pollutant emissions. The action taken by the CPUC today makes California the first state in the country to adopt a renewable gas standard. Under this new renewable gas standard, SoCalGas will be required to replace 12.2 percent of the traditional gas it delivers to core customers with renewable gas by 2030. The standard also sets an interim goal of procuring approximately 3 percent renewable gas by 2025. Last year, SoCalGas set a goal to achieve net zero greenhouse emissions in its operations and the energy it delivers by 2045. As part of that net zero goal, SoCalGas established benchmarks including delivering 20 percent renewable natural gas (RNG) by 2030. The state's new RNG standard aligns with and will assist SoCalGas in reaching that goal. "The CPUC's decision today will help California to address the single most urgent climate issue, which is the reduction of climate super pollutants methane and black carbon," said Julia Levin, Executive Director of the Bioenergy Association of California and former Deputy Secretary for Climate Change and Energy at the California Natural Resources Agency. "Requiring utilities to procure biomethane generated from organic waste will help to reduce landfill waste, open burning of agricultural and forest waste, and wildfires, which in turn provides enormous benefits for public health and the climate." "This new standard will be critical to California's transition to net zero by implementing a framework to recycle waste, eliminate greenhouse gas emissions produced by that waste, and put it to good use as renewable natural gas," said Jawaad Malik, SoCalGas vice president of strategy and sustainability and chief environmental officer. "Our way forward will require the innovative implementation of clean fuels such as renewable natural gas and hydrogen to help make our transition to a cleaner future reliable, resilient and affordable. By creating a new mechanism for consumers to access renewable natural gas, we are one step closer to a cleaner future." The establishment of a renewable gas standard is the result of passage of Senate Bill (SB) 1440, authored by Senator Ben Hueso, chair of the state Senate Energy, Utilities and Communications Committee. SB 1440 required the CPUC to develop the standard and set goals for the procurement of renewable gas-made organic waste from wastewater treatment plants, dairies, landfills, agricultural waste, and forestry residues. A key element of the renewable gas standard is procurement of RNG produced from landfill waste, which was targeted in SB 1383. That law is aimed at reducing emissions in part through a reduction of organic waste – and the methane it produces – in landfills. The law mandates the reduction of methane emissions by 40%, hydrofluorocarbon gas emissions by 40%, and anthropogenic black carbon emissions by 50% by 2030, when compared to 2013 emissions levels. An economy-wide analysis by SoCalGas released in October found that electrification combined with clean fuels like RNG and hydrogen and carbon management offers the most affordable, resilient and technologically proven path to achieving carbon neutrality in California. To read more on how SoCalGas is building the most cleanest, safest and most innovative energy company in America, visit socalgas.com/aspire2045. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

2021 Brings More Renewable Natural Gas into SoCalGas Pipelines

LOS ANGELES, Feb. 24, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced that 14 billion cubic feet of renewable natural gas (RNG) produced from organic waste was distributed via SoCalGas' pipeline system in 2021, the equivalent to removing 166,896 cars off the road annually. This is 2 billion cubic feet more than 12 billion cubic feet distributed by SoCalGas in 2020. In addition, the utility completed five RNG interconnection projects last year located throughout its service territory including the San Joaquin Valley and San Bernardino County. In total there are now nine RNG projects connected to SoCalGas' system. As part of SoCalGas' goal of achieving net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045, the utility plans to deliver 20% RNG to core customers by end of 2030 and continues to make significant progress towards reaching its goal. "Thanks in part to the low carbon fuel standards program, last year more than 14 billion cubic feet of RNG was transported by the SoCalGas' pipeline system, displacing more than 778,000 metric tons in carbon dioxide equivalent," said Jawaad Malik, chief environmental officer for SoCalGas. "The establishment of an RNG procurement standard for gas utilities, like the one up for vote by the CPUC could help build on the success of California's low carbon fuel standard and help bring more renewable natural gas onto our system to accelerate California's decarbonization goals." "These RNG projects are an important step toward helping San Joaquin Valley residents and our Dairy industry partners move in the right direction," said California Assemblymember Devon J. Mathis. "RNG uses existing dairy manure and natural gas infrastructure to deliver a cleaner, carbon-negative fuel to trucks that would replace diesel trucks, reducing air pollution along the San Joaquin Valley's freeway corridors while providing jobs and revenue sources for our residents." One of the projects produces RNG from diverted landfill waste, completed last May by Anaergia, Inc. (Anaergia) at its Rialto Bioenergy Facility. The facility has the capacity to convert up to 300,000 tons per year of landfill-diverted organic waste and biosolids from municipal wastewater treatment facilities into fertilizer and up to 985,000 MMBTU per year of RNG using Anaergia's advanced anaerobic digestion technology and proprietary systems. The RNG is injected into SoCalGas' pipeline. "As a global leader in anaerobic digestion and upcycling of organic waste, Anaergia has deployed more infrastructure capacity for converting food and wastewater biosolids than any other company in California," said Yaniv Scherson, chief operating officer for Anaergia. "Our Rialto Bioenergy Facility, the largest landfill-diverted organics-to-RNG facility in North America, will be central in helping California cut methane emissions from landfills under SB 1383, and stands as a model of efficiently converting organic waste into carbon-negative renewable fuel." "The completion of this RNG project in Rialto is an important step toward reaching the state's climate and environmental goals," said Mayor of Rialto, Deborah Robertson. "As RNG is a cleaner, carbon-negative fuel, this project has the potential to help reduce air pollution in the Inland Empire while creating economic opportunities for our residents." The production and use of RNG is growing in California and nationally. There are currently more than 245 operational RNG facilities in the United States, with another 105 under construction and 118 planned. Additionally, over the last five years, RNG use as a transportation fuel has increased 291 percent, displacing close to 7.5 million tons of carbon dioxide equivalent (CO2e). Last month, SoCalGas released its ASPIRE 2045 SoCalGas Sustainability Strategy , outlining goals and benchmarks around environmental health, social equity, and wellbeing in the communities SoCalGas serves. To learn more about SoCalGas' commitment and the steps it will take to achieve it, please visit socalgas.com/aspire2045. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the goal of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

Dan Brouillette, President of Sempra Infrastructure Appointed to the U.S. Chamber of Commerce's U.S.-Japan Business Council

SAN DIEGO, Feb. 18, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV:SRE), announced today its president and former U.S. Secretary of Energy, Dan Brouillette, has been elected to the U.S. Chamber of Commerce's U.S.-Japan Business Council (USJBC) board of directors. "I look forward to working closely with other world-class companies, as well as the U.S. and Japanese governments, as we work to advance the two countries' commercial relationships to help promote the use of secure, clean energy sources and shape transparent trade rules, standards and regulations," said Brouillette. " Japan played a critical role in developing the United States' natural gas resources by being one of the earliest and largest offtakers of U.S. LNG capacity. As the second largest LNG importer today, identifying synergies between our two great nations will help further the use of cleaner natural gas around the world." Additionally, Brouillette will also serve as the new co-chair for the USJBC's Energy & Infrastructure Working Group, which includes representatives from Chevron, Honeywell and ExxonMobil, among other multinational companies. USJBC is comprised of some of the leading U.S. companies that place a high priority on doing business in Japan and is one of the primary U.S.-based business organizations promoting stronger economic ties between the two countries. The USJBC's core mission is to advance U.S.- Japan business and government ties, to identify and expand new opportunities, and to facilitate growth across sectors including digital economy, energy and infrastructure, financial services, healthcare innovation, travel, tourism, and transportation. Brouillette was named president of Sempra Infrastructure in November 2021. Prior to joining Sempra, Brouillette served as the 15th United States Secretary of Energy and the President's primary advisor on energy and nuclear weapons matters. In the private sector, Brouillette held extensive key leadership roles at USAA and Ford Motor Company. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and follow on social media. About USJBC Formally established in 1971, the U.S. Chamber of Commerce's U.S.-Japan Business Council (USJBC) is comprised of more than 65 leading U.S.-headquartered companies that place a high priority on doing business in Japan and it is the primary U.S.-based business organization promoting stronger economic relations between the two countries. The USJBC's core mission is to advance U.S. business interests in Japan, to identify and expand new opportunities, and to facilitate growth across sectors including digital economy, energy and infrastructure, financial services, healthcare innovation, travel, tourism, and transportation. SOURCE Sempra North American Infrastructure

SoCalGas Proposes to Develop United States' Largest Green Hydrogen Energy Infrastructure System to Help Decarbonize LA Basin and Accelerate California's Climate Goals

LOS ANGELES, Feb. 17, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced its proposal to develop what would be the nation's largest green hydrogen energy infrastructure system (the "Angeles Link") to deliver clean, reliable renewable energy to the Los Angeles region. As proposed, the Angeles Link would support the integration of more renewable electricity resources like solar and wind and would significantly reduce greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, and other hard-to-electrify sectors of the Southern California economy. The proposed Angeles Link would also significantly decrease demand for natural gas, diesel, and other fossil fuels in the LA Basin, helping accelerate California's and the region's climate and clean air goals. "The challenges we face on climate require solutions of scale and urgency," said Scott Drury, chief executive officer of SoCalGas. "The Angeles Link is designed to meet those challenges head-on. Today in Southern California we're announcing plans for one of the world's largest clean energy infrastructure systems, to help tackle emissions for which there are no easy answers. Those emissions – from power plants, industry, and heavy-duty trucks - very much 'count' and must be significantly reduced to reach our and the State's climate goals." As the nation's largest manufacturing hub, the Los Angeles Basin is home to many potential green hydrogen users. As proposed, Angeles Link's green hydrogen could: Displace up to 3 million gallons of diesel fuel per day by replacing diesel powered heavy-duty trucks with hydrogen fuel cell trucks Eliminate up to nearly 25,000 tons of smog forming NOx per year Provide the clean fuel to convert up to four natural gas power plants to green hydrogen As contemplated, the Angeles Link would deliver green hydrogen in an amount equivalent to almost 25 percent of the natural gas SoCalGas delivers today. Building the system to provide a clean alternative fuel could, over time and combined with other future clean energy projects, reduce natural gas demand served by the Aliso Canyon natural gas storage facility, facilitating its ultimate retirement while continuing to provide reliable and affordable energy to the region.  " California policymakers, thought-leaders, business, academic, labor, and environmental communities all agree green hydrogen is vital to achieving our climate and clean air goals," Drury continued. "With relationships to thousands of industrial end users, a regulatory framework that promotes a transparent and robust stakeholder process serving the public interest, and an extraordinary workforce to do the job safely, SoCalGas is well positioned to work with California to capitalize on this pioneering opportunity to build what would be America's largest green hydrogen hub. The Angeles Link project, if approved and completed, is poised to extend our state's position as a leader on clean energy well into the future while helping to attract billions of dollars in new investment and maintaining and creating thousands of skilled jobs." "If we are going to be successful in tackling the climate emergency, we need every company, every worker and every community on the front lines," Senate Majority Leader Emeritus Bob Hertzberg (D- Van Nuys) said. "This effort to establish a green hydrogen energy system in the Los Angeles basin is a creative and inventive step forward in that fight. It will not only dramatically reduce carbon emissions, it will create good-paying jobs." "We are encouraged that SoCalGas is embarking on a major project that will help make green hydrogen a reality here in Los Angeles," said Marty Adams, Chief Engineer and General Manager of Los Angeles Department of Water and Power (LADWP). "Developing a source of safe, affordable green hydrogen is key to achieving our clean energy future by 2035, while ensuring the reliability we all need and depend on. Projects like the proposed Angeles Link are an important step forward." "As President of the Los Angeles County Federation of Labor, my priority is creating good union jobs while also seeking solutions that protect workers and their families when they return from a hard day's work," Ron Herrera, president of the Los Angeles County Federation of Labor, AFL-CIO said. "The thought of creating a massive clean, green energy hub in Los Angeles, growing union jobs, and preserving the thousands of middle-class jobs for refinery, utility, and electrical workers is exactly the sort of out-of-the-box thinking that this project presents. This is infrastructure done right." "A dedicated green hydrogen system is essential to meeting Los Angeles County's goal of transitioning to a carbon free energy system," said Supervisor Kathryn Barger, who represents Los Angeles County's Fifth District. "By decarbonizing hard to electrify industries, Angeles Link will decrease demand for fossil-based natural gas and increase the amount of reliable clean energy in the region. This will help L.A. County continue to grow sustainably without increasing greenhouse gas emissions and jeopardizing grid reliability." "Utility Workers Union of America Local 132 is excited to support Angeles Link. It is precisely the type of future forward energy thinking our members have long advocated for – innovation, union job creation and maintaining reliable, as well as affordable, infrastructure," said Eric Hofmann, president of Utility Workers Union of America Local 132. "This is the way to build back the middle class in California." "Infrastructure projects like Angeles Link are critical to realizing the green hydrogen vision we developed in HyDeal LA because it will enable low delivered cost for large-scale users across multiple sectors," said Janice Lin, the founder and President of the Green Hydrogen Coalition. "Continuing a California tradition of leading on climate, Angeles Link will help position the US among global leaders in green hydrogen development. The Green Hydrogen Coalition appreciates SoCalGas' leadership in facilitating access to high volume, low cost green hydrogen to accelerate California's economy-wide clean energy transition." " Angeles Link is the first real proposal I've seen that can substantially decrease the need for natural gas in the city of Los Angeles without compromising grid reliability," John Lee, Los Angeles City Councilmember, District 12 said. "I support the goals of this proposal because it will help us get one step closer to achieving the City's goal of 100% clean energy by 2035 without compromising reliability and hurting jobs." "Today's Angeles Link announcement is exactly the business innovation that the Los Angeles region needs to remain competitive and affordable today and well into the future" added Tracy Hernandez, Founding CEO of the Los Angeles County Business Federation (BizFed). "A thriving Southern California is essential for California to succeed. Building out a clean energy infrastructure is a win-win for local businesses, our state and, ultimately, the country." "We are on the precipice of huge growth in the production, distribution, and use of green hydrogen to enable high renewable use and zero emissions in all sectors of the economy," said Jack Brouwer, Director the National Fuel Cell Research Center at the University of California, Irvine. "For nearly a decade, SoCalGas has worked together with us and others to make the hydrogen economy a reality, including helping us build the very first power-to-gas-to-power system in the country right here on the UCI campus. The Angeles Link is a great example of what can be done when government, industry, and academia work together toward a common purpose." "Achieving carbon neutrality requires an integrated clean fuels network to power transportation and industries that are difficult to electrify," said Lew Fulton, Director of the Sustainable Transportation Energy Pathways Program, for the Institute for Transportation Studies at University of California Davis. "This project will help develop a green hydrogen network that can deliver this energy to our nation's largest transportation and manufacturing centers while enabling the widespread production of low-carbon, renewable electricity." Green Hydrogen Is Key to Reaching Net Zero Emissions by 2045 Renewable green hydrogen has the potential to deliver significant emissions reductions in industries and sectors where renewable electricity alone cannot. Research studies conducted by  Energy and Environmental Economics, Inc. ("E3") and the National Renewable Energy Laboratory ( NREL LA100) highlight the need for clean fuels like green hydrogen to achieve Los Angeles' LA100 net zero goals and California's mid-century climate goals. Global investments in green hydrogen are helping to reduce its cost. Locally, HyDeal Los Angeles, an initiative of the Green Hydrogen Coalition, a non-profit organization supported by the Los Angeles Department of Water and Power (LADWP), SoCalGas, Mitsubishi Power, and others aims to make green hydrogen cost-competitive with traditional fuels – and achieve at-scale green hydrogen procurement at $1.50/kilogram in the LA Basin by 2030.  The proposed Angeles Link is key to helping the region achieve its goals, and it is an extension of SoCalGas' role as an industry leader in hydrogen. In 2015, the company launched the first power-to-gas hydrogen demonstration project in the U.S. In 2021 Fast Company magazine chose SoCalGas' H2 Hydrogen Home microgrid demonstration as one of its World-Changing Ideas in North America. Today SoCalGas has 10 hydrogen pilot projects in motion and is testing moving hydrogen through existing natural gas infrastructure. Preliminary Actions   To promote the public's interest in transparency and accountability, SoCalGas today is filing an application with the California Public Utilities Commission (CPUC) requesting approval to track costs related to development of the Angeles Link. The company proposes a phased approach with a robust stakeholder process each step of the way. The application, available here includes descriptions of each phase, including development of a detailed project application as part of Phase 3. With this application submission the proposed Angeles Link is in its initial stage of development, and subsequent stages will require further regulatory review and discretionary approvals, among other things. SoCalGas' Clean Fuels Initiatives Supporting California's Climate Goals In support of California's climate goals and in alignment with Paris Agreement recommendations, SoCalGas set a net zero emissions goal for scopes 1, 2, and 3 greenhouse gas emissions by 2045. SoCalGas' Aspire 2045 strategy focuses on helping California navigate the energy transition to a carbon neutral economy with a resilient, clean gas grid. To learn more about SoCalGas' sustainability efforts and read SoCalGas' new Aspire 2045 Sustainability Strategy, click here . To learn more about SoCalGas' proposed Angeles Link project, click here. About SoCalGas Headquartered in Los Angeles, SoCalGas® is North America's largest gas distribution utility, serving 21.8 million consumers across 24,000 square miles of Central and Southern California with affordable, reliable, and increasingly renewable gas service. SoCalGas's mission is to build the cleanest, safest and most innovative energy company in America. SoCalGas has committed to the goal of achieving net zero greenhouse gas emissions in its operations and delivery of energy by 2045 while keeping bills affordable for customers. SoCalGas' recent economy-wide technical analysis shows how clean fuels like green hydrogen can help California achieve its net zero goals more affordably and with less risk than other energy pathways. SoCalGas is a subsidiary of Sempra (NYSE: SRE). For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S. in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) the ability to realize anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental entities; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; the impact of energy and climate goals, policies, legislation and rulemaking, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; volatility in inflation and interest rates and commodity prices and our ability to effectively hedge these risks and with respect to interest rates, the impact on our cost of capital; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

Green hydrogen leadership opportunity

According to a report by the California Energy Commission, California’s power demand could double in the next quarter century, requiring an even stronger, integrated gas and electric energy system. Sempra believes combining the strengths of clean electrons from solar, wind and hydro with the strengths of clean molecules like hydrogen and renewable natural gas, can deliver a more reliable and affordable clean energy future. Today, Sempra subsidiary Southern California Gas Co. (SoCalGas) proposed what would be the largest green hydrogen energy infrastructure system in the United States, known as The Angeles Link. The Angeles Link would be comprised of a new hydrogen-ready, interstate pipeline system capable of delivering green hydrogen into the Los Angeles basin. In doing so, The Angeles Link could drive deep decarbonization of dispatchable electric generation, hard-to-electrify industries and heavy-duty transportation in Los Angeles County, home to an estimated 10 million people and one of the largest industrial hubs in the nation. The proposed new hydrogen system has the potential to significantly decrease demand for natural gas and diesel fuels in the region, helping accelerate California’s climate and clean air goals. Sempra California committed to innovation “California is known for its leadership in technology and innovation and taking bold action to help solve some of society’s biggest challenges, so it is fitting that we are at the frontier of a potential new integrated energy system,” said Kevin Sagara, group president of Sempra. “Sempra’s California utilities are focused on innovation and building new integrated energy networks that provide customers with cleaner forms of electricity and industrial customers with a suite of lower-carbon tools to aid emissions reduction.” Sempra has been intentional about updating its portfolio over the last several years to focus on the electrification of consumer markets, the expansion of energy networks and the global shift to cleaner power. A clean fuels network leveraging new and existing infrastructure can support customer choice as regions work to decarbonize and develop the means to scale up electrification. “The needs of energy customers are changing,” said Sagara. “A dedicated hydrogen-ready pipeline system would have the potential to integrate more renewables on the electric grid, provide valuable storage and enhance reliability.” Hydrogen’s role in a net-zero future Green hydrogen has the potential to deliver significant emissions reductions in industries and sectors where renewable electricity alone cannot, such as certain industrial processes, building heating and transport. As the industrial sector transitions from carbon-based fuels like coal, natural gas and oil, to cleaner fuels, like renewable natural gas and hydrogen, both the electric grid and natural gas grid must become even more robust. In its 2021 World Economic Outlook net-zero energy scenario, the International Energy Agency envisions that in 2050 more than 50% of global gas production will be used to produce low-carbon hydrogen. Dedicated pipeline and storage infrastructure, among other things, is needed to deliver this promising fuel of the future. IEA calls for governments to “ensure deployment of the infrastructure required to support longer term increases in low-carbon hydrogen supply and demand, including hydrogen pipelines, port facilities and storage.” As the owner of one of the largest energy networks in North America, Sempra is working to expand grids and enable flexibility so zero-carbon electrons and molecules can work in tandem to meet our customers’ changing energy needs. The proposed Angeles Link is in its initial stage of development, and subsequent stages will require regulatory review and discretionary approvals, among other things. This article contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this article. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this article, forward-looking statements can be identified by words such as “believes,” “expects,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including those related to the natural gas leak at Southern California Gas Company’s (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico’s trade rules that could materially limit our ability to import and export hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments and property disputes; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; the impact of energy and climate goals, policies, legislation and rulemaking, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC’s (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor’s independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks and with respect to interest rates, the impact on SDG&E’s and SoCalGas’ cost of capital; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.

SoCalGas Declares Preferred Dividends

LOS ANGELES, Feb. 16, 2022 /PRNewswire/ -- The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on April 15, 2022, to shareholders of record on March 10, 2022. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the two goals of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Co.

SDG&E Approved to Add Three Energy Storage Facilities to Strengthen Summer Grid Reliability and Advance Clean Energy Goals

Today, the California Public Utilities Commission (CPUC) authorized San Diego Gas & Electric (SDG&E) to build three new energy storage facilities totaling 161MW/644MWh in order to provide the state with greater capacity to meet high energy demand on summer days and at night after solar power dissipates. Altogether, these new projects will be able to provide enough capacity to meet the energy needs of more than 100,000 homes for up to four hours. Like other energy storage projects owned and operated by SDG&E, these new facilities will be connected to the state energy market, meaning the California Independent System Operator (CAISO) will be able to dispatch them any time they are needed to balance demand and supply on the grid statewide. “Investing in advanced technologies like energy storage is critical to advancing our state and region’s aggressive climate goals, including getting to net zero greenhouse gas emissions, with the added benefit of making the energy grid more resilient,” SDG&E Vice President of Energy Innovation Miguel Romero said. “Project by project, step by step, we are making progress toward a cleaner, safer and more reliable energy future.” Battery storage works by capturing renewable resources like wind and solar when they are abundant during the day, then sending that energy back to the grid when it is needed. The new facilities, which are slated to be completed in late 2022/early 2023, stemmed from the Emergency Reliability rulemaking proceeding under which the CPUC directed utilities to contract for additional capacity to bolster the grid. The projects are the latest of a series of energy storage investments SDG&E has been making. The company completed the Top Gun Energy Storage, a 30MW/120MWh lithium-ion battery system, last June. By March, SDG&E plans to begin commercial operation of another lithium-ion battery storage facility in Kearny Mesa, which will provide 20MW/80MWh. A third lithium-ion storage facility, 40MW/160MWh, is under construction in Fallbrook. By year end 2022, SDG&E expects to have 145MW of SDG&E-owned storage connected to the regional grid (the equivalent needed to serve about 94,000 homes for four hours). To learn more about SDG&E’s clean energy projects, visit sdge.com/sustainability. SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter ( @SDGE), Instagram ( @SDGE) and Facebook.

SoCalGas, OPAL Fuels, and Young's Commercial Transfer Showcase Conversion of Fleet to Renewable Natural Gas at World Ag Expo

TULARE, Calif., Feb. 8, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), Young's Commercial Transfer (YCT), one of the largest agricultural trucking companies in the United States, and OPAL Fuels, a leading producer and distributor of renewable natural gas (RNG), are showcasing YCT's commitment to help decarbonize California by transitioning its fleet of heavy-duty trucks to operate on RNG. These ultra, low-emissions trucks are fueled at stations built, owned and operated by OPAL Fuels across the San Joaquin Valley. The RNG will be delivered via SoCalGas' pipeline network. YCT currently has 80 natural gas trucks and plans to increase that to 110 by the end of March. Additionally, YCT hopes to convert 75 percent of its fleet to RNG by the end of 2023. The trucks will be equipped with Cummins Westport 12-liter engines and automatic transmission and have a driving range of up to 600 miles. RNG is not a fossil fuel, but a lower-carbon fuel, and is produced by capturing methane emissions from organic waste, including landfill sites and dairy farms. When used in transportation end-uses in place of diesel fuel, RNG can provide significant annual operating cost savings (with LCFS and RIN credits) and help reduce the carbon footprint of heavy-duty fleets. In California, RNG used as transportation fuel has increased 177 percent over the last five years and in 2020 alone 1.83 million tons of carbon dioxide equivalent (CO2e) was displaced as reported by the Coalition for Renewable Natural Gas. Additional RNG refueling stations that use SoCalGas' pipeline network have come online in the central San Joaquin Valley within the last 18 months. The development of these stations has provided critical alternatives in the refueling network along the heavily traveled Highway 99. "As a Kern County Supervisor and member of the Valley Air Board, I get the chance to study and make decisions regarding energy and air pollution priorities," said David Couch. "I have always advocated for the 'all of the above' approach that utilizes gas and incorporates renewables into a healthy and efficient energy and air quality portfolio. As such, natural gas is an important part of our transportation system for Ag and needs to be part of the solution." "Being able to represent the AG show as a Tulare County Supervisor and member of the Valley Air Board, I see firsthand how RNG can help reduce emissions," said Amy Shuklian. "Improving public health and creating jobs are also positive outcomes." In California, transportation accounts for more than 41 percent of greenhouse gas emissions and 80 percent of smog-forming pollution in the state, with heavy-duty trucks among the largest polluters, according to California Air Resources Board data. "RNG is rapidly becoming mainstream in the San Joaquin Valley, and it's being adopted by organizations of all sizes," said Gillian Wright, senior vice president and chief customer officer at SoCalGas. " California companies like YCT working towards carbon neutrality will help accelerate the state's climate goals." "Our trucks run over 18 million miles every year, which makes us uniquely positioned to affect the air quality problem in California," said Scott Daniel, president of YCT. "As the first link in the CA food chain, we look forward to leading our AG Partners into a new sustainable future." "We are proud to help enable YCT's effort to decarbonize their fleet while simultaneously driving cost savings through adoption of ultra-low carbon renewable natural gas," said Scott Edelbach, executive vice president of sustainable transportation fuels at OPAL Fuels. "While the U.S. transportation sector is one of the largest emitters of CO2, RNG is proof that there does not have to be a tradeoff between doing what's best for your business and doing what's best for the planet." As part of its efforts to reach its goal of net zero emissions by 2045, SoCalGas is focused on solutions to help reduce emissions in hard-to-abate sectors, including heavy duty transportation. Clean fuels such as RNG and hydrogen are important components of any solution to decarbonize hard-to-electrify parts of the California economy. A new economy-wide technical analysis, released by SoCalGas, describes how repurposing existing gas infrastructure to deliver clean fuels, like RNG, and manage carbon can help the state reach carbon neutrality more affordably and with less risk than other pathways. SoCalGas has worked with fleet owners to secure millions of dollars in incentive funding for the replacement of diesel trucks with cleaner, near-zero emissions natural gas trucks. Since 2014, the utility has helped truckers and trucking companies replace more than 550 diesel trucks with cleaner natural gas trucks. Last year SoCalGas received the 2021 NGV Achievement Award in the Utility Leadership category. The award, presented by NGVAmerica, recognized SoCalGas' outstanding contributions to the advancement of natural gas as a transportation fuel. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment. SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to the two goals of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company

Energía Sierra Juárez Phase II Wind Farm Commences Operations

SAN DIEGO, Feb. 8, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced today that Phase II of its Energía Sierra Juárez (ESJ) wind farm in Tecate, Baja California began operations. ESJ, the first cross-border renewable energy project between Mexico and the United States, now provides 263 megawatts (MW) of zero-carbon electricity to the California electricity market. "The expansion of our ESJ wind farm demonstrates our efforts to help support the continued integration of the North American energy markets in a sustainable way," said Justin Bird, CEO of Sempra Infrastructure. "Our latest investment underscores the confidence Sempra Infrastructure has in the Baja region as we look to connect abundant wind and solar resources to key customers in the U.S. and Mexico." The Phase II expansion of ESJ added 26 new wind turbines with a total incremental capacity of 108 MW. The increased production is equivalent to the annual energy consumption of over 180,000 homes and is expected to reduce greenhouse gas emissions by nearly 170,000 tons of carbon dioxide (CO 2) per year. The construction of the new facility created more than 1,700 direct and indirect jobs in Mexico. In addition, ESJ holds lease agreements with landowners who will continue receiving payments based on the company's revenue from electricity sales, as well as other important social investment plans the company has in place as part of Sempra Infrastructure's commitment to the communities where we operate. Building Clean Energy Networks With a focus on safe and reliable integration of electrical grids in North America, Sempra Infrastructure is among the top producers of renewable energy in Mexico, operating more than 1,600 MW of clean power generation facilities, including two wind farms, five operating solar photovoltaic parks and a natural gas combined-cycle plant. The company is also working to develop additional renewable energy generation and related electric transmission infrastructure to supply U.S. and Mexico energy markets with new solar, wind and battery storage. In addition, Sempra Infrastructure is also engaged in efforts to help decarbonize electricity generation in global markets through its LNG export projects, including the proposed expansion of the Cameron LNG joint venture that would utilize electric compression with the aim of reducing the project's greenhouse gas footprint. As part of this, the company recently announced a non-binding memorandum of understanding with Entergy Louisiana, the local utility provider, to pursue renewable electricity sources to power the project. Sempra Infrastructure is also constructing the ECA LNG natural gas export project in Baja California, developing two other LNG projects in the states of Sinaloa and Baja Sur, Mexico, and continuing to invest in natural gas infrastructure to bring abundant U.S. natural gas to underserved markets in Mexico. The development and construction of Sempra Infrastructure's projects are subject to a number of risks and uncertainties, including securing all necessary commercial agreements and permits, obtaining financing and other factors, including reaching a final investment decision. About Sempra Infrastructure Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and follow on social media. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "under construction," "in development," "target," "outlook," "maintain," "continue," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits and other authorizations, and other actions by (i) the U.S. Department of Energy, Comisión Reguladora de Energía, U.S. Federal Energy Regulatory Commission and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental entities; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations; changes to laws, including proposed changes to the Mexican constitution that could materially limit access to the electric generation market and changes to Mexico's trade rules that could materially limit our ability to import, export, transport and store hydrocarbons; failure of foreign governments and state-owned entities to honor their contracts and commitments and property disputes; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; the impact of energy and climate goals, policies, legislation and rulemaking, including actions to reduce or eliminate reliance on natural gas generally; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure is not the same company as San Diego Gas & Electric or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries are regulated by the California Public Utilities Commission. SOURCE Sempra North American Infrastructure

Rob Borthwick Q&A: doing the right thing

Robert Borthwick is deputy general counsel for Sempra. In this role, Borthwick leads the litigation, employment law, law department operations and compliance functions. Borthwick has served in various leadership roles since joining Sempra in 2003. From 2018 to 2019, he was general manager of Sempra Renewables, leading all aspects of Sempra’s renewable energy business segment, including operations, finance and commercial development, as well as supporting the sale of its U.S. wind and solar assets. He previously served as general counsel of Sempra Renewables and Sempra LNG, and also led the environmental, health and safety, regulatory, human resources and external affairs groups supporting both companies. Learn more about Rob Borthwick in this Q&A: Walk us through your career. How did you get to where you are today? I have worked for all three branches of government, so I suppose at some point I am destined to become a civics teacher. After college I worked on Capitol Hill, then after law school became a law clerk for a federal judge in Los Angeles and then was a federal prosecutor. When you add in practicing at a law firm and my role here at Sempra, I’ve had the opportunity to explore the legal field from all angles. It’s given me great perspective and appreciation for the complexity of our legal systems in this country. What are your daily responsibilities as Deputy General Counsel for Sempra? Since the pandemic began, Erbin Keith and I have led the Sempra law department. We collaborate with the general counsels of each of our operating companies and I personally work with four teams at the parent company— the litigation group, the labor and employment group, the compliance group and the legal operations group. I talk a lot with the leaders of each of those teams to make sure they have everything they need to be effective and help the company address issues ranging from COVID-19 regulation compliance to complex litigation. By ensuring these issues are managed appropriately, the rest of the company can then focus on carrying out our important work to advance the energy transition and a better future for all. In the legal field, doing the right thing is particularly important. Can you talk a bit about what this Sempra value means to you? I love helping out with new employee orientations and we go through the three Sempra values — do the right thing, champion people and shape the future — and the one I always emphasize is do the right thing. All of the values are very important but for me, doing the right thing is critical. You can do lots of things right but if you have a brief ethical lapse or compliance problem, you can wipe out a lot of really good work. Making sure we instill in our employees the importance of doing the right thing is critical to Sempra as we carry out our work to deliver safe, reliable, affordable and increasingly cleaner energy to customers. We can’t cut corners. I help provide an annual compliance presentation to the Sempra board who is also very interested and engaged in both ethics and compliance. One of the reasons I’ve enjoyed working here as long as I have is because of how our leadership and employees demonstrate such a firm commitment to doing the right thing. You’re actively involved with Serving Seniors, serving as chairman of the organization’s board of directors. What drew you to that organization and what other volunteer work do you carry out? Serving Seniors is an organization that is committed to serving meals and providing housing to seniors who need a helping hand. I first got to know Serving Seniors through my children serving meals at the organization's wellness center in downtown San Diego and was drawn to the mission of helping make sure the needs of one of the most vulnerable segments of our society are being met. I’ve been on the board, which has a long history of Sempra leadership, for four years. I’ve also been a court appointed special advocate (CASA) in the foster care system for around nine years. It's part of a nationwide program where you become an advocate for a child in the foster care system. Typically, these kids will have a lawyer or social worker who has dozens of other clients. With the CASA program, you become the sole advocate for the child. I meet with my foster child regularly and this has been a particularly rewarding experience for me.

Pagination

First page
Previous page
…
27
28
29
30
31
32
33
34
35
…
Next page
Last page

Quick search

Press release

Oncor

Capital plan

Earnings

Texas

California

Reliability

Safety

Annual Report

Corporate Sustainability Report

Our business
Who we serve
Our team

Investors
Careers
Newsroom

SRE: ()

Quick search

Press release

Oncor

Capital plan

Earnings

Texas

California

Reliability

Safety

Annual Report

Corporate Sustainability Report

Media contacts

The media relations phone numbers are for working, credentialed news media only. For non-media-related requests and information, please call (619) 696-2000. For investor or shareholder information, please call (877) 736-7727.

Hide page title

Blocks Page

Our business
Who we serve
Our team

Investors
Careers
Newsroom

Contact

Our business
Who we serve
Our team

Investors
Careers
Newsroom
Contact

Privacy
Terms and conditions
Forward-looking statements
Sitemap

*As of December 31, 2025. Numbers may be approximate.

Sempra Infrastructure Partners and its subsidiaries, and the Sempra Texas utilities (Oncor and Sharyland Utilities) are not the same companies as the Sempra California utilities, SDG&E or SoCalGas, nor are they regulated by the California Public Utilities Commission (CPUC).