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Proxy Statements - 2025

Sempra executes on five value creation initiatives in 2025

Sempra's Chairman and CEO Jeffrey Martin’s comprehensive letter to shareholders included in the 2024 Annual Report. The letter includes news about Sempra Texas, Sempra California, and Sempra Infrastructure, Sempra's 2024 financial performance, and Sempra's 2025 value creation initiatives. Explore Sempra's 2024 achievements and future plans, including significant investments in energy infrastructure, growth strategies, and financial performance.

SoCalGas Announces First Renewable Natural Gas Contract Approved Under California Program

LOS ANGELES, March 18, 2025 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced it executed a contract with Organic Energy Solutions (OES) to procure renewable natural gas (RNG) converted from organic waste and inject it into SoCalGas' pipeline system. The contract is the first approved by the California Public Utilities Commission (CPUC) under Senate Bill (SB) 1440 which sets specific RNG procurement targets for the state's natural gas utilities. The RNG will be sourced from a project located in the city of San Bernardino and is an important step toward achieving California's goal to reduce methane emissions from agriculture and waste while advancing energy decarbonization in the state. SB 1440 is recognized as the nation's first renewable gas standard and led the CPUC to set goals for the procurement of RNG, also known as biomethane, which is made from the organic waste of wastewater treatment plants, dairies, landfills, agricultural practices and forestry residues. Depending on its source, RNG can be carbon negative, meaning it captures more greenhouse gases than it emits. SoCalGas aims to replace approximately 12% of the traditional natural gas it delivers to residential and small business customers with RNG by 2030, pursuant to the targets that have been established under SB 1440 by the CPUC. The new RNG standard is expected to help the state achieve its goal to reduce methane emissions by 40% by 2030. "As the first RNG procurement project under California's renewable gas standard, this contract represents an important milestone for the RNG industry and SoCalGas as we work together to advance California's energy goals," said Elsa Valay-Paz, vice president of gas acquisition at SoCalGas. "By converting waste that would otherwise end up in landfills into usable energy, this project is intended to help reduce greenhouse gas emissions, improve air quality and help California reach its climate goals." "At OES, we are proud to unite with SoCalGas on this groundbreaking renewable natural gas project, which marks a significant step forward in California's transition to cleaner energy. By converting organic waste into a valuable energy resource, we aim to not only reduce greenhouse gas emissions but also create a more sustainable and resilient energy future," said Brian Hume, senior vice president of operations for BioStar Renewables, owner of OES. "This collaboration underscores our commitment to innovation in waste-to-energy solutions and our shared vision for a cleaner, more sustainable California." OES, a company specializing in biomass processing and fuel production, will collect organic waste – a source of greenhouse gas emissions (GHGs) – from local industrial and food waste, and process it in an anaerobic digester which speeds up natural decomposition. Methane emissions from the decomposition process are captured and converted into RNG, which will then be injected into the SoCalGas pipeline system. The project is expected to begin supplying RNG to SoCalGas' system in the second half of 2026. Organic waste in landfills contributes to approximately 20% of California's methane emissions. Once operational, OES estimates the project will prevent approximately 15,300 tons of GHGs from entering the atmosphere each year, which is the equivalent to the energy usage of 2,984 homes per year or 1.7 million gallons of consumed gasoline. RNG is already helping reduce emissions from trucks and buses, contributing to cleaner air. In 2019, SoCalGas began replacing traditional compressed natural gas with RNG at its fueling stations to help reduce GHGs. Since 2020, the RNG supplied at SoCalGas' 37 fueling stations has been classified as carbon negative by the California Air Resources Board (CARB). SoCalGas continues to advance its efforts to decarbonize the fuel it transports, delivering approximately 5% RNG to customers since 2023. "SoCalGas' progress toward RNG procurement targets established under California's SB 1440 will be watched closely by counterparts and policymakers in other U.S. states, with the potential for agreements like these to create a powerful precedent for lasting energy system change," said Sam Wade, vice president of public policy for RNG Coalition. "RNG is an innovative climate solution that converts methane emissions from organic waste into a low-carbon replacement for fossil fuels, making it a cleaner fit for long-term decarbonization plans at the utility level." SoCalGas' RNG initiatives support California's clean air and climate goals, including the CARB Scoping Plan, which projects RNG will play a vital role in reducing GHGs and decarbonizing industrial buildings and processes, as well as the transportation sector. The California Integrated Energy Policy Report also found that RNG can significantly reduce GHGs and pollutant emissions compared to conventional diesel trucks. For more information on SoCalGas' RNG initiatives, visit Renewable Natural Gas | SoCalGas. About SoCalGas SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. T his press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax, (ii) due to the results of elections, and (iii) in trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance 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 failures in the pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and 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 Infrastructure Partners, Sempra Texas, 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 Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

SDG&E Expands Energy Storage Capabilities to Enhance Grid Resiliency and Affordability for Customers

SAN DIEGO, March 14, 2025 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) announced today the California Public Utilities Commission (CPUC) has approved an expansion of the company's Westside Canal Battery Energy Storage facility in California's Imperial Valley. This expansion project will add 100 megawatts (MW) of energy storage capacity to the existing 131 MW facility and is projected to be fully operational by June 2025. This expansion project will add 100 megawatts (MW) of energy storage capacity to the existing 131 MW facility. "The expansion of Westside Canal is a critical step toward strengthening our region's energy resiliency and advancing California's clean-energy goals," said Caroline Winn, chief executive officer of SDG&E. "By increasing storage capacity, we can allow more clean energy to be efficiently stored and dispatched when it's needed most, helping to create a more resilient and sustainable grid for our communities." Following the expansion, SDG&E's Westside Canal complex will feature 231 MW of energy storage and will be the largest asset in SDG&E's utility-owned battery storage portfolio. SDG&E's utility-owned battery storage portfolio is expected to reach nearly 480 MW of power capacity and over 1.9 GWh of energy storage by year-end, including the Westside Canal expansion and two additional projects in San Diego County currently being constructed. Westside Canal represents a significant investment in the region's energy infrastructure, supporting local communities by providing more reliable and clean power, and positions the region as a leader in sustainable energy solutions. Battery storage is also part of SDG&E's aim to improve energy affordability by securing federal tax credits that can help reduce electric infrastructure costs. In fact, SDG&E was able to lower the average monthly electric delivery bill for residential customers for the second year in a row, in part, because the company returned $200 million in federal tax credits to customers for recently completed battery storage. The expansion of Westside Canal will provide four key services that enhance grid reliability and efficiency: Generation Capacity – Acting as an additional energy resource, the storage system will provide backup power when needed, helping to ensure sufficient electricity supply during peak-demand periods. Ancillary Services – The system will help maintain a stable and reliable power supply by supporting grid functions such as frequency regulation and voltage control. Energy Balancing – The system will store excess energy when demand is low and discharge it when demand is high, facilitating more efficient energy use and helping to stabilize electricity prices. Congestion Management – The system will improve power flow efficiency and support overall grid stability, by absorbing energy near generation sources and releasing it when transmission line congestion is lower. This addition highlights SDG&E's efforts to modernize the energy grid, integrate more renewable energy, and provide a dependable power supply for the region all while prioritizing safety with advanced measures. The facility is designed to meet strict Underwriters Laboratories and National Fire Protection Association (UL/NFPA) standards and include multiple emergency stops, lockable disconnects and lightning protection. With safety at its core, SDG&E closely adheres to recognized energy-storage safety practices through robust safety systems, strong coordination with first responders, and regular reviews of the latest research, helping advance a safe transition to a cleaner energy future. About SDG&E SDG&E is an innovative energy delivery 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 increasing energy delivered from low- or zero-carbon sources; accelerating the adoption of electric vehicles; and investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a recognized leader in its industry and community, as demonstrated by being named Corporate Partner of the Year at the San Diego Business Journal's Nonprofit & Corporate Citizenship Awards and receiving PA Consulting's ReliabilityOne ® Award for Outstanding Reliability Performance for 18 consecutive years. SDG&E is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SDGEtoday.com or connect with SDG&E on social media @SDGE. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax, (ii) due to the results of elections, and (iii) in trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and 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 Infrastructure Partners, Sempra Texas, 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 Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE San Diego Gas & Electric (SDG&E)

Sempra Reports 2024 Financial and Business Results

Raises Five-Year Capital Plan to $56B Targets 2025 FID for Port Arthur LNG Phase 2 Adjusts 2025 EPS Guidance to $4.30 to $4.70 Issues 2026 EPS Guidance of $4.80 to $5.30 Increases Long-Term EPS Growth Rate to 7% to 9% SAN DIEGO, Feb. 25, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) today reported full-year 2024 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $2.82 billion or $4.42 per diluted share, compared to full-year 2023 GAAP earnings of $3.03 billion or $4.79 per diluted share. On an adjusted basis, the company's full-year 2024 earnings were $2.97 billion or $4.65 per diluted share, compared to $2.92 billion or $4.61 per diluted share in 2023. "With the reset of our guidance in 2025, we are setting a new foundation for a decisive decade of growth," said Jeffrey W. Martin, chairman and CEO of Sempra. "We are also announcing a record five-year capital plan of $56 billion and raising the company's long-term EPS growth rate to 7%-9%. Over half of planned capital expenditures are earmarked for Texas, where significant new investments are needed to expand and modernize the energy grid. This is consistent with Sempra's 2030 aspirations of producing over 50% of its earnings from the State of Texas." The company also reported fourth-quarter 2024 GAAP earnings of $665 million or $1.04 per diluted share, compared to fourth-quarter 2023 GAAP earnings of $737 million or $1.16 per diluted share. On an adjusted basis, the company's fourth-quarter 2024 earnings were $960 million or $1.50 per diluted share, compared to $719 million or $1.13 per diluted share in fourth-quarter 2023. The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for the fourth quarter and full-year 2024 and 2023. (Dollars and shares in millions, except EPS) Three months ended December 31, Years ended December 31, 2024 2023 2024 2023 GAAP Earnings $ 665 $ 737 $ 2,817 $ 3,030 Impact from regulatory disallowances 104 — 104 — Retroactive impact of 2024 General Rate Case Final Decision for the first nine months of 2024 (22) — — — Equity losses from write-off of rate base disallowances resulting from Public Utility Commission of Texas' final order in Oncor Electric Delivery Company LLC's comprehensive base rate review — — — 44 Impact from foreign currency and inflation on monetary positions in Mexico (84) 69 (262) 235 Net unrealized losses (gains) on derivatives 13 (47) 26 (366) Net unrealized (gains) losses on interest rate swaps related to Port Arthur LNG Phase 1 project (30) — (30) 17 Impact from foreign tax credit valuation allowance 330 — 330 — Earnings from investment in RBS Sempra Commodities LLP (16) (40) (16) (40) Adjusted Earnings (1) $ 960 $ 719 $ 2,969 $ 2,920 Diluted Weighted-Average Common Shares Outstanding 641 634 638 633 GAAP EPS $ 1.04 $ 1.16 $ 4.42 $ 4.79 Adjusted EPS (1) $ 1.50 $ 1.13 $ 4.65 $ 4.61 1) See Table A for information regarding non-GAAP financial measures. Progress at Sempra's Three Growth Platforms Sempra's three growth platforms – Sempra California, Sempra Texas and Sempra Infrastructure – deliver energy to nearly 40 million consumers across some of the world's most significant economic markets. "Last year we made great strides in improving safety, operations and customer service across all three business lines," said Martin. "Building out the scope and scale of our business means continued investments in innovation and technology to drive value to our customers in the form of improved safety, service quality, and affordability." Sempra Texas Led by Oncor Electric Delivery Company LLC (Oncor), Sempra Texas is executing on a significant growth campaign in the country's fastest growing energy market. Oncor's new five-year capital plan of $36 billion represents a 50% increase over last year's five-year plan, driven by a portfolio of diverse investment opportunities across both geography and customer mix. Oncor is contemplating filing a comprehensive base rate review later this year. In 2024, Oncor invested close to $4.7 billion to support the growing needs of its customers. Over $2 billion of transmission projects were placed into service by Oncor in 2024, including placement of over 75 substation projects and over 45 switching station projects. In 2024, Oncor built, rebuilt or upgraded approximately 4,300 miles of transmission and distribution lines. In 2024, Oncor saw a 27% increase in new transmission interconnection requests as compared to 2023, the majority of which are from large commercial and industrial customers. At the end of 2024, Oncor had a diverse set of large commercial and industrial customers representing 137 gigawatts of potential load active in its interconnection queue, representing an approximate 250% increase from 2023. Oncor's first System Resiliency Plan (SRP) was approved by the Public Utility Commission of Texas (PUCT) in November. Under the SRP, Oncor plans to invest nearly $3 billion of capital expenditures and over $500 million in incremental operations and maintenance expenses, with the majority of the spend to occur between the years 2025 through 2027, to help reduce the impact and duration of severe weather outages and address other physical and cybersecurity improvements to the electric grid. Sempra California Serving roughly 25 million consumers, Sempra California is a dual-utility platform focused on connecting people to safe, reliable and cleaner energy. In 2024, demand for electricity reached an all-time high of 5,032 megawatts in San Diego Gas & Electric's (SDGE) service territory, highlighting the growing importance of continued investments in the energy grid to deliver new sources of energy to the California market. In 2024, SDGE opened a new state-of-the-art Wildfire and Climate Resiliency Center dedicated to risk mitigation and enhancing the company's capabilities in wildfire and climate resilience, representing Sempra California's continued focus on extending its position as a leader in community safety through proactive mitigation of wildfire risk. In December, Sempra California's regulated utilities received a final decision from the California Public Utilities Commission (CPUC) on their general rate cases, which improves visibility to utility investments through 2027. Also in December, the CPUC determined that maintaining natural gas storage levels at Southern California Gas Company's Aliso Canyon storage facility is currently critical for the continued reliability of California's electric grid and natural gas system, as well as consumer affordability. Sempra Infrastructure In 2024, Sempra Infrastructure reached commercial operations on both the Gasoducto Rosarito pipeline expansion and Topolobampo Terminal and made progress advancing five significant construction projects while further strengthening its ability to capitalize on growing demand for cleaner and more secure energy in global markets. Cameron LNG Phase 1 continues to deliver superior production of liquefied natural gas (LNG) and loaded nearly 200 cargoes in 2024. As the company executes the ongoing development and construction of its LNG portfolio, Energía Costa Azul LNG Phase 1 continues to target the start-up of commercial operations in spring of 2026, and construction at Port Arthur LNG Phase 1 remains on time and on budget. The Port Arthur LNG Phase 2 development project is receiving strong commercial interest. Sempra Infrastructure continues to hold substantial, active discussions with world-class companies for participation in the Phase 2 project, which is already anchored by a non-binding HOA for LNG offtake and a proposed equity investment with a subsidiary of Saudi Aramco, as well as a fixed-price engineering, procurement and construction contract with Bechtel Energy. The company is targeting a final investment decision in 2025, pending the execution of definitive commercial agreements, obtaining permits and securing financing, among other factors. Capital Plan Growth Sempra is forecasting a company-record five-year 2025-2029 capital plan of approximately $56 billion, which represents a 16% increase from its prior plan, with over 90% of projected capital expenditures focused on regulated utility investments in Texas and California. "Our team is excited about our new five-year capital plan, which is designed to help meet the energy needs of customers today and tomorrow, while significantly expanding our projected utility rate base by roughly 10% annually," said Karen Sedgwick, executive vice president and chief financial officer of Sempra. "When considering the long-term trends in Sempra's core markets, we are confident there will be significant opportunities to deploy incremental capital through the end of the decade and beyond." Earnings Guidance Due to recent and planned regulatory matters and the backdrop of a higher-cost environment, Sempra is revising its full-year 2025 earnings-per-common share (EPS) guidance range to $4.30 to $4.70. Sempra is also issuing full-year 2026 EPS guidance of $4.80 to $5.30. Using 2025 as the foundation for the company's future growth, 2026 guidance represents a 12% year-over-year increase from the midpoint of 2025 guidance. The company is also increasing its projected long-term EPS growth rate to 7% to 9%. Common and Preferred Dividends Sempra's board of directors declared a $0.645 per share quarterly dividend on the company's common stock, which is payable April 15, 2025, to common stock shareholders of record at the close of business on March 20, 2025. The declared quarterly dividend represents an increase of the company's common stock dividend to $2.58 per share, on an annualized basis, from $2.48 per share in 2024. 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, 2025, to preferred stock shareholders of record at the close of business on April 1, 2025. 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 the company's senior management. Access is available by logging onto the Investors section of the company's website, sempra.com/investors. The webcast will be available on replay a few hours after its conclusion at sempra.com/investors. About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America. More information about Sempra is available at sempra.com and on social media @Sempra. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service, Public Utility Commission of Texas and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining third-party consents and approvals and (v) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration, property disputes and other proceedings, and changes (i) to laws and regulations, including those related to tax and the energy industry in Mexico, (ii) due to the results of elections, and (iii) in trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California, and (iii) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and 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 Infrastructure Partners, Sempra Texas, 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 Infrastructure Partners, Sempra Texas, 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 Table A CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts; shares in thousands) Three months ended December 31, Years ended December 31, 2024 2023 2024 (1) 2023 (1) REVENUES Utilities: Natural gas $ 2,343 $ 1,935 $ 7,141 $ 9,495 Electric 1,027 1,003 4,296 4,334 Energy-related businesses 388 553 1,748 2,891 Total revenues 3,758 3,491 13,185 16,720 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (342) (465) (1,132) (3,719) Cost of electric fuel and purchased power (18) 10 (245) (375) Energy-related businesses cost of sales (83) (111) (380) (548) Operation and maintenance (1,465) (1,500) (5,336) (5,458) Depreciation and amortization (626) (576) (2,437) (2,227) Franchise fees and other taxes (178) (168) (693) (677) Other (expense) income, net (58) 56 136 131 Interest income 14 29 61 89 Interest expense (105) (314) (1,049) (1,309) Income before income taxes and equity earnings 897 452 2,110 2,627 Income tax (expense) benefit (282) 9 (219) (490) Equity earnings 374 395 1,609 1,481 Net income 989 856 3,500 3,618 Earnings attributable to noncontrolling interests (313) (108) (638) (543) Preferred dividends (11) (11) (44) (44) Preferred dividends of subsidiary — — (1) (1) Earnings attributable to common shares $ 665 $ 737 $ 2,817 $ 3,030 Basic earnings per common share (EPS): Earnings $ 1.05 $ 1.17 $ 4.44 $ 4.81 Weighted-average common shares outstanding 635,144 631,284 633,795 630,296 Diluted EPS: Earnings $ 1.04 $ 1.16 $ 4.42 $ 4.79 Weighted-average common shares outstanding 641,395 634,228 637,943 632,733 (1) Derived from audited financial statements. SEMPRA Table A (Continued) RECONCILIATION OF SEMPRA ADJUSTED EARNINGS TO SEMPRA GAAP EARNINGS Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests (NCI)) in 2024 and 2023 as follows: Three months ended December 31, 2024: $(104) million impact from regulatory disallowances at Sempra California consisting of: $(89) million charge from the Federal Energy Regulatory Commission (FERC) order finding that the Electric Transmission Owner Formula Rate, effective June 1, 2019 (TO5), adder refund provision has been triggered, requiring Sempra California to refund customers the California Independent System Operator (California ISO) adder retroactively from June 1, 2019 $(15) million impairment from disallowed capital costs in the 2024 General Rate Case Final Decision (2024 GRC FD) $22 million impact from the retroactive application of the 2024 GRC FD for the first nine months of 2024 at Sempra California $84 million impact from foreign currency and inflation on our monetary positions in Mexico $(13) million net unrealized losses on commodity derivatives $30 million net unrealized gains on interest rate swaps related to the initial phase of the Port Arthur LNG liquefaction project (PA LNG Phase 1 project) $(330) million income tax expense in 2024 from changes to a valuation allowance against foreign tax credits that were carried forward from the implementation of the Tax Cuts and Jobs Act of 2017 (TCJA) $16 million equity earnings from investment in RBS Sempra Commodities LLP from the substantial dissolution of the partnership Three months ended December 31, 2023: $(69) million impact from foreign currency and inflation on our monetary positions in Mexico $47 million net unrealized gains on commodity derivatives $40 million equity earnings from investment in RBS Sempra Commodities LLP based on a legal settlement Year ended December 31, 2024: $(104) million impact from regulatory disallowances at Sempra California consisting of: $(89) million charge from the FERC order finding that the TO5 adder refund provision has been triggered, requiring Sempra California to refund customers the California ISO adder retroactively from June 1, 2019 $(15) million impairment from disallowed capital costs in the 2024 GRC FD $262 million impact from foreign currency and inflation on our monetary positions in Mexico $(26) million net unrealized losses on commodity derivatives $30 million net unrealized gains on interest rate swaps related to the PA LNG Phase 1 project $(330) million income tax expense in 2024 from changes to a valuation allowance against foreign tax credits that were carried forward from the implementation of the TCJA $16 million equity earnings from investment in RBS Sempra Commodities LLP from the substantial dissolution of the partnership Year ended December 31, 2023: $(44) million equity losses from investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings) related to a write-off of rate base disallowances resulting from the Public Utility Commission of Texas' (PUCT) final order in Oncor Electric Delivery Company LLC's (Oncor) comprehensive base rate review $(235) million impact from foreign currency and inflation on our monetary positions in Mexico $366 million net unrealized gains on commodity derivatives $(17) million net unrealized losses on a contingent interest rate swap related to the PA LNG Phase 1 project $40 million equity earnings from investment in RBS Sempra Commodities LLP based on a legal settlement 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 on our monetary positions in Mexico and net unrealized gains and losses on commodity and interest rate 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 Table B CONSOLIDATED BALANCE SHEETS (Dollars in millions) December 31, 2024 (1) 2023 (1) ASSETS Current assets: Cash and cash equivalents $ 1,565 $ 236 Restricted cash 21 49 Accounts receivable – trade, net 1,983 2,151 Accounts receivable – other, net 397 561 Due from unconsolidated affiliates 13 31 Income taxes receivable 90 94 Inventories 559 482 Prepaid expenses 255 273 Regulatory assets 60 226 Fixed-price contracts and other derivatives 91 122 Greenhouse gas allowances 217 1,189 Other current assets 34 56 Total current assets 5,285 5,470 Other assets: Restricted cash 3 104 Regulatory assets 3,937 3,771 Greenhouse gas allowances 845 301 Nuclear decommissioning trusts 875 872 Dedicated assets in support of certain benefit plans 585 549 Deferred income taxes 172 129 Right-of-use assets – operating leases 1,177 723 Investment in Oncor Holdings 15,400 14,266 Other investments 2,534 2,244 Goodwill 1,602 1,602 Other intangible assets 292 318 Wildfire fund 262 269 Other long-term assets 1,749 1,603 Total other assets 29,433 26,751 Property, plant and equipment, net 61,437 54,960 Total assets $ 96,155 $ 87,181 (1) Derived from audited financial statements. SEMPRA Table B (Continued) CONSOLIDATED BALANCE SHEETS (Dollars in millions) December 31, 2024 (1) 2023 (1) LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 2,016 $ 2,342 Accounts payable – trade 2,238 2,211 Accounts payable – other 208 224 Due to unconsolidated affiliates — 5 Dividends and interest payable 773 691 Accrued compensation and benefits 558 526 Regulatory liabilities 141 553 Current portion of long-term debt and finance leases 2,274 975 Greenhouse gas obligations 217 1,189 Other current liabilities 1,251 1,374 Total current liabilities 9,676 10,090 Long-term debt and finance leases 31,558 27,759 Deferred credits and other liabilities: Due to unconsolidated affiliates 352 307 Regulatory liabilities 3,817 3,739 Greenhouse gas obligations 506 — Pension and other postretirement benefit plan obligations, net of plan assets 168 407 Deferred income taxes 5,845 5,254 Asset retirement obligations 3,737 3,642 Deferred credits and other 2,708 2,329 Total deferred credits and other liabilities 17,133 15,678 Equity: Sempra shareholders' equity 31,222 28,675 Preferred stock of subsidiary 20 20 Other noncontrolling interests 6,546 4,959 Total equity 37,788 33,654 Total liabilities and equity $ 96,155 $ 87,181 (1) Derived from audited financial statements. SEMPRA Table C CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in millions) Years ended December 31, 2024 (1) 2023 (1) CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 3,500 $ 3,618 Adjustments to reconcile net income to net cash provided by operating activities 926 853 Net change in working capital components (462) 1,429 Distributions from investments 1,093 912 Changes in other noncurrent assets and liabilities, net (150) (594) Net cash provided by operating activities 4,907 6,218 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (8,215) (8,397) Expenditures for investments (988) (382) Distributions from investments 9 — Purchases of nuclear decommissioning and other trust assets (889) (610) Proceeds from sales of nuclear decommissioning and other trust assets 942 661 Other 23 12 Net cash used in investing activities (9,118) (8,716) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (1,499) (1,483) Preferred dividends paid (44) (44) Issuances of common stock, net 1,219 145 Repurchases of common stock (43) (32) Issuances of debt (maturities greater than 90 days) 8,674 7,669 Payments on debt (maturities greater than 90 days) and finance leases (3,339) (6,294) (Decrease) increase in short-term debt, net (557) 552 Advances from unconsolidated affiliates 85 31 Proceeds from sales of noncontrolling interests, net — 1,219 Distributions to noncontrolling interests (297) (730) Contributions from noncontrolling interests 1,235 1,570 Termination of interest rate and settlement of cross-currency swaps 46 (99) Other (56) (85) Net cash provided by financing activities 5,424 2,419 Effect of exchange rate changes on cash, cash equivalents and restricted cash (13) 6 Increase (decrease) in cash, cash equivalents and restricted cash 1,200 (73) Cash, cash equivalents and restricted cash, January 1 389 462 Cash, cash equivalents and restricted cash, December 31 $ 1,589 $ 389 (1) Derived from audited financial statements. SEMPRA Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES (Dollars in millions) Three months ended December 31, Years ended December 31, 2024 2023 2024 (1) 2023 (1) EARNINGS (LOSSES) ATTRIBUTABLE TO COMMON SHARES Sempra California $ 701 $ 500 $ 1,846 $ 1,747 Sempra Texas Utilities 135 146 781 694 Sempra Infrastructure 259 131 911 877 Segment earnings attributable to common shares 1,095 777 3,538 3,318 Parent and other (430) (40) (721) (288) Sempra earnings attributable to common shares $ 665 $ 737 $ 2,817 $ 3,030 CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT Sempra California $ 1,424 $ 1,216 $ 4,753 $ 4,560 Sempra Infrastructure 1,026 1,107 3,459 3,832 Segment totals 2,450 2,323 8,212 8,392 Parent and other — — 3 5 Total Sempra $ 2,450 $ 2,323 $ 8,215 $ 8,397 CAPITAL EXPENDITURES FOR INVESTMENTS Sempra Texas Utilities $ 398 $ 97 $ 976 $ 367 Sempra Infrastructure 2 4 12 15 Total Sempra $ 400 $ 101 $ 988 $ 382 (1) Derived from audited financial statements. SEMPRA Table D (Continued) RECONCILIATION OF SEMPRA'S CAPITAL PLAN TO PROJECTED FUTURE CAPITAL EXPENDITURES (Dollars in billions) Sempra California Sempra Texas Utilities Sempra Infrastructure Total Sempra Capital Plan for 2025 – 2029 (1) Projected future capital expenditures for PP&E and investments – GAAP $ 22.4 $ 8.1 $ 10.9 $ 41.4 Capital expenditures to unconsolidated entities (2) — (8.1) — (8.1) Capital expenditures at unconsolidated entities (3) — 29.1 0.1 29.2 Capital expenditures attributable to NCI owners (4) — — (7.0) (7.0) Capital Plan $ 22.4 $ 29.1 $ 4.0 $ 55.5 Percentage of projected future capital expenditures for PP&E and investments – GAAP 54 % 20 % 26 % 100 % Percentage of Capital Plan 40 % 53 % 7 % 100 % Capital Plan for 2024 – 2028 (1) Projected future capital expenditures for PP&E and investments – GAAP $ 24.1 $ 3.4 $ 12.9 $ 40.4 Capital expenditures to unconsolidated entities (2) — (3.4) — (3.4) Capital expenditures at unconsolidated entities (3) — 19.5 0.1 19.6 Capital expenditures attributable to NCI owners (4) — — (8.6) (8.6) Capital Plan $ 24.1 $ 19.5 $ 4.4 $ 48.0 Percentage of projected future capital expenditures for PP&E and investments – GAAP 60 % 8 % 32 % 100 % Percentage of Capital Plan 50 % 41 % 9 % 100 % Projected future capital expenditures for PP&E and investments growth rate – GAAP (2024 – 2028 to 2025 – 2029) 2 % Capital Plan growth rate (2024 – 2028 to 2025 – 2029) 16 % (1) All projects in progress and future projects are subject to a number of risks and uncertainties. Sempra's Capital Plan and expectations regarding potential increases to its capital requirements are based on a number of assumptions, the failure of which to be accurate could materially impact Sempra's actual Capital Plan. Sempra's Capital Plan is considered by management to be an operating measure. (2) Represents Sempra's projected future capital contributions to unconsolidated equity method investees. (3) Represents Sempra's proportionate ownership interest in projected capital expenditures at unconsolidated equity method investees. (4) Represents NCI's proportionate ownership interest in projected capital expenditures at Sempra and at unconsolidated equity method investees. SEMPRA Table E OTHER OPERATING STATISTICS Three months ended December 31, Years ended or at December 31, 2024 2023 2024 2023 UTILITIES Sempra California Gas sales (Bcf) (1) 95 89 349 369 Transportation (Bcf) (1) 141 150 560 588 Total deliveries (Bcf) (1) 236 239 909 957 Total gas customer meters (thousands) 7,132 7,078 Electric sales (millions of kWhs) (1) 754 974 3,207 4,619 Community Choice Aggregation and Direct Access (millions of kWhs) 3,461 3,227 13,484 12,228 Total deliveries (millions of kWhs) (1) 4,215 4,201 16,691 16,847 Total electric customer meters (thousands) 1,532 1,517 Oncor (2) Total deliveries (millions of kWhs) 38,827 35,906 162,691 156,477 Total electric customer meters (thousands) 4,046 3,969 Ecogas México, S. de R.L. de C.V. Natural gas sales (Bcf) 1 1 4 4 Natural gas customer meters (thousands) 163 157 ENERGY-RELATED BUSINESSES Sempra Infrastructure Termoeléctrica de Mexicali (millions of kWhs) 964 1,064 3,675 3,086 Wind and solar (millions of kWhs) (1) 594 610 2,888 3,135 (1) Includes intercompany sales. (2) Includes 100% of the electric deliveries and customer meters of Oncor, in which we hold an indirect 80.25% interest through our investment in Oncor Holdings. SEMPRA Table F STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Three months ended December 31, 2024 Sempra California Sempra Texas Utilities (1) Sempra Infrastructure Segment Totals Consolidating Adjustments, Parent & Other Total Revenues $ 3,360 $ 416 $ 3,776 $ (18) $ 3,758 Depreciation and amortization (548) (76) (624) (2) (626) Interest income 2 6 8 6 14 Interest expense (2) (221) 243 22 (127) (105) Income tax (expense) benefit (94) 97 3 (285) (282) Equity earnings — $ 136 219 355 19 374 Earnings attributable to noncontrolling interests — — (313) (313) — (313) Other segment items (3) (1,798) (1) (333) (2,132) (23) (2,155) Earnings (losses) attributable to common shares $ 701 $ 135 $ 259 $ 1,095 $ (430) $ 665 Three months ended December 31, 2023 Sempra California Sempra Texas Utilities (1) Sempra Infrastructure Segment Totals Consolidating Adjustments, Parent & Other Total Revenues $ 2,920 $ 586 $ 3,506 $ (15) $ 3,491 Depreciation and amortization (502) (71) (573) (3) (576) Interest income 5 18 23 6 29 Interest expense (2) (205) (2) (207) (107) (314) Income tax benefit (expense) 95 (118) (23) 32 9 Equity earnings — $ 148 207 355 40 395 Earnings attributable to noncontrolling interests — — (108) (108) — (108) Other segment items (3) (1,813) (2) (381) (2,196) 7 (2,189) Earnings (losses) attributable to common shares $ 500 $ 146 $ 131 $ 777 $ (40) $ 737 (1) Substantially all earnings attributable to common shares are from equity earnings. (2) Sempra Infrastructure includes net unrealized gains (losses) from undesignated interest rate swaps related to the PA LNG Phase 1 project. (3) Includes cost of natural gas, cost of electric fuel and purchased power, operation and maintenance expense (O&M), franchise fees and other taxes, and other income (expense), net, for Sempra California; O&M, interest expense, and income tax (expense) benefit for Sempra Texas Utilities related to activities at the holding company; and cost of natural gas, energy-related businesses cost of sales, O&M, franchise fees and other taxes, and other income (expense), net, for Sempra Infrastructure. SEMPRA Table F (Continued) STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Year ended December 31, 2024 (1) Sempra California Sempra Texas Utilities (2) Sempra Infrastructure Segment Totals Consolidating Adjustments, Parent & Other Total Revenues $ 11,382 $ 1,882 $ 13,264 $ (79) $ 13,185 Depreciation and amortization (2,133) (297) (2,430) (7) (2,437) Interest income 14 25 39 22 61 Interest expense (3) (848) 243 (605) (444) (1,049) Income tax (expense) benefit (184) 164 (20) (199) (219) Equity earnings — $ 788 802 1,590 19 1,609 Earnings attributable to noncontrolling interests — — (638) (638) — (638) Other segment items (4) (6,385) (7) (1,270) (7,662) (33) (7,695) Earnings (losses) attributable to common shares $ 1,846 $ 781 $ 911 $ 3,538 $ (721) $ 2,817 Year ended December 31, 2023 (1) Sempra California Sempra Texas Utilities (2) Sempra Infrastructure Segment Totals Consolidating Adjustments, Parent & Other Total Revenues $ 13,761 $ 3,071 $ 16,832 $ (112) $ 16,720 Depreciation and amortization (1,937) (281) (2,218) (9) (2,227) Interest income 24 43 67 22 89 Interest expense (3) (782) (129) (911) (398) (1,309) Income tax benefit (expense) 31 (673) (642) 152 (490) Equity earnings — $ 701 740 1,441 40 1,481 Earnings attributable to noncontrolling interests — — (543) (543) — (543) Other segment items (4) (9,350) (7) (1,351) (10,708) 17 (10,691) Earnings (losses) attributable to common shares $ 1,747 $ 694 $ 877 $ 3,318 $ (288) $ 3,030 (1) Derived from audited financial statements. (2) Substantially all earnings attributable to common shares are from equity earnings. (3) Sempra Infrastructure includes net unrealized gains (losses) from undesignated interest rate swaps related to the PA LNG Phase 1 project. (4) Includes cost of natural gas, cost of electric fuel and purchased power, O&M, franchise fees and other taxes, other income (expense), net, and preferred dividends for Sempra California; O&M, interest expense, and income tax (expense) benefit for Sempra Texas Utilities related to activities at the holding company; and cost of natural gas, energy-related businesses cost of sales, O&M, franchise fees and other taxes, and other income (expense), net, for Sempra Infrastructure. SOURCE Sempra

Form 10-K - 2025

Sempra Named One of World's Most Admired Companies

SAN DIEGO, Feb. 13, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) has been named one of the World's Most Admired Companies for 2025 by Fortune Magazine, marking the 15th year the company has been recognized as a top global business with strong corporate reputation. "It's an honor to be named one of the World's Most Admired Companies and to receive recognition for Sempra's efforts to build one of the leading energy infrastructure companies in North America," said Jeffrey W. Martin, chairman and CEO of Sempra. "It is an exciting time to be in the energy sector. Our high-performance culture enables us to deliver the energy customers need today, while leveraging innovation and new technologies to continue improving the quality and affordability of our services." Sempra's three growth platforms – Sempra California, Sempra Texas and Sempra Infrastructure – help deliver energy to nearly 40 million consumers, which amounts to roughly 10% of the U.S. population. Sempra's electric and natural gas delivery companies have been recognized for initiatives focused on reliability and grid modernization, including wildfire prevention and advancing the adoption of cleaner fuels like renewable natural gas and hydrogen. Sempra's infrastructure business is helping improve energy security and the decarbonization of the power sector globally through liquefied natural gas exports, low carbon solutions and energy networks in North America. Collectively, Sempra's three growth platforms create one of the largest energy networks on the continent. To select companies for the annual World's Most Admired Companies list, Fortune partnered with Korn Ferry to ask executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

SDG&E Becomes First California Utility to Achieve Top Safety Honors with CAL/OSHA VPP Certification

SAN DIEGO, Feb. 12, 2025 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) announced today that its Kearny Mesa facility, the backbone of its regional electrical operations, has been awarded the prestigious California Division of Occupational Safety and Health (Cal/OSHA) Voluntary Protection Program (VPP) safety certification. SDG&E is the first utility in the state to earn this recognition for excellence in workplace safety and health management. SDG&E is the first utility in the state to earn this recognition for excellence in workplace safety & health management. The Cal/OSHA VPP designation is the highest safety recognition offered by the nation's largest state-run division of occupational safety and health. It is reserved for organizations that demonstrate exemplary safety practices, employee engagement and injury prevention measures, exceeding standard regulatory requirements. "Earning the VPP recognition highlights our profound commitment to a high-performance culture grounded in safety that not only protects but also inspires innovation and excellence across our organization," said SDG&E's Chief Operations Officer and Chief Safety Officer Kevin Geraghty. "This award isn't just a plaque on the wall; it reflects our shared values and relentless focus on protecting each other and the communities we serve." SDG&E's Kearny Mesa team achieved this distinction after a rigorous five-year evaluation process, showcasing leading-edge safety protocols, comprehensive training programs and a proactive culture of hazard prevention. This achievement was made possible by the determination and collective effort of every employee who embraced a mindset of safety and excellence. Located in central San Diego, the facility also hosts one of SDG&E's newest 30-megawatt battery energy storage systems, driving innovation and reliability with a goal of seamless power distribution. Cal/OSHA representatives commended the Kearny Mesa office for its innovative safety initiatives, including hazard reporting tools, ergonomic equipment upgrades and employee-led safety briefings that empower workers to identify and resolve risks. "We are thrilled to celebrate SDG&E's VPP certification, marking a significant milestone as the first utility in California to earn this honor," said Cal/OSHA VPP Manager Iraj Pourmehraban. "This achievement highlights their dedication to creating a world-class safe and healthy work environment." SDG&E's pursuit of the VPP certification aligns with its broader safety strategy, which includes annual investments in cutting-edge training simulations, AI-powered risk analytics, and partnerships with local emergency responders. About SDG&E SDG&E is an innovative energy delivery 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 increasing energy delivered from low or zero-carbon sources; accelerating the adoption of electric vehicles; and investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a recognized leader in its industry and community, as demonstrated by being named Corporate Partner of the Year at the San Diego Business Journal's Nonprofit & Corporate Citizenship Awards and receiving PA Consulting's ReliabilityOne ® Award for Outstanding Reliability Performance for 18 consecutive years. SDG&E is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SDGEtoday.com or connect with SDG&E on social media @SDGE. SOURCE San Diego Gas & Electric (SDG&E)

Sempra to Report Fourth-Quarter and Full-Year 2024 Earnings February 25

SAN DIEGO, Feb. 10, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) plans to release its fourth-quarter and full-year 2024 earnings by 8 a.m. ET, Tuesday, Feb. 25. The announcement will also include an update on Sempra's five-year capital and financing plan. Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer, and other senior leaders from across the company will host a conference call at 12 p.m. ET, Tuesday, Feb. 25. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation detailing the earnings results and capital plan update will be published to Sempra's Investors site by 8 a.m. ET, Tuesday, Feb. 25. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion. About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

Sempra Appoints Anya Weaving and Kevin Sagara to Board of Directors

SAN DIEGO, Feb. 10, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) today announced the appointments of Anya Weaving and Kevin Sagara to the company's board of directors effective March 1, 2025. Weaving's extensive investment banking experience, where she advised clients in the oil and gas industry on strategy, mergers and acquisitions (M&A) and capital markets transactions, combined with her previous role as a chief financial officer, brings industry knowledge and critical skills in strategic decision-making, financial acumen and governance to the board. With over 30 years of experience in the energy sector, Sagara brings demonstrated leadership and experience in both regulated utility and non-regulated energy infrastructure operations, including safety, regulatory, M&A, and other legal and governance areas. As a corporate attorney, Sagara played a key role in the merger that created Sempra in 1998. "Incorporating new views and experience into our boardroom is crucial to our mission of building the leading energy infrastructure company in North America," said Jeffrey W. Martin, Sempra's chairman and CEO. "Anya's investment banking experience and energy industry knowledge is a great complement to the board as we advance our corporate strategy and oversee financial discipline, risk management and ethical practices. Similarly, Kevin's industry success cannot be understated, having led innovations in safety, wildfire mitigation and lower-carbon energy that have helped shape how we better serve customers today and in the future." Martin added, "In combination, their leadership experience in strategy and capital markets brings critical insights and added experience to our board, helping us deliver what is expected to be a decisive decade of growth for our company." Weaving also serves on the board of directors of APA Corporation, where she is a member of the audit committee and the corporate responsibility, governance and nominating committee. She is the former vice chair of global natural resources, investment banking for Bank of America. Prior to his retirement from Sempra in 2023, Sagara served as group president of Sempra California, where he served as chair of San Diego Gas & Electric (SDGE) and Southern California Gas Company. He previously held roles as CEO of SDGE and president of Sempra Renewables. With the appointments of Weaving and Sagara, Sempra will have 11 directors with four having been newly elected over the past five years, reflecting the company's commitment to periodic board refreshment to bring fresh and diverse perspectives into the boardroom. Weaving will serve on the board's audit committee and compensation and talent development committee. Sagara will serve on the board's safety, sustainability and technology committee. About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America. More information about Sempra is available at sempra.com and on social media @Sempra. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. 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 otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "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 expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, audits, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service, Public Utility Commission of Texas and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining third-party consents and approvals and (v) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration, property disputes and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and the energy industry in Mexico and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) fluctuating interest rates and inflation; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California, and (iii) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the injection and withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and 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 Infrastructure Partners, Sempra Texas, 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 Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Sempra

SoCalGas Declares Preferred Dividends

LOS ANGELES, Jan. 30, 2025 /PRNewswire/ -- The board of directors of Southern California Gas Company (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, 2025, to shareholders of record on March 10, 2025. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas.   SOURCE Southern California Gas Company

Sempra Named to Dow Jones Sustainability Index North America for 14th Consecutive Year

SAN DIEGO, Jan. 27, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) has been named to the Dow Jones Sustainability Index (DJSI) North America for the 14th consecutive year, reflecting the company's commitment to responsible business practices that aim to reduce risk, improve operational excellence and promote financial stewardship. The DJSI North America noted Sempra outperforms its peers in several categories, including risk and crisis management, community relations and information security and cybersecurity, among other areas. "Sempra's strong track record of generating shareholder value is driven in part by our responsible business practices, which help improve our risk profile and enable our businesses to deliver safe, reliable and cleaner energy," said Lisa Larroque Alexander, senior vice president, corporate affairs and chief human resources officer at Sempra. "We are proud to continue Sempra's long tenure on DJSI North America and position as a recognized leader in our industry." The DJSI North America tracks the performance of the top 20% of the 600 largest Canadian and United States companies in the S&P Global Broad Market Index that have strong sustainable business practices. Serving nearly 40 million consumers in significant economic markets like California and Texas, Sempra is the owner of one of the largest energy networks on the continent and is helping expand and modernize the grid. In addition to being recognized on DJSI North America, Sempra is included in the FTSE4Good Index and JUST 100 list, has been named one of TIME Magazine's World's Best Companies, Newsweek's America's Most Responsible Companies and one of Fortune Magazine's World's Most Admired Companies, and earned a perfect score on the CPA-Zicklin Index of Corporate Political Disclosure and Accountability. About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

YMCA of Metropolitan Los Angeles and SoCalGas Unite to Expand Recovery Support of Eaton Fire-Affected Communities

Media assets here LOS ANGELES, Jan. 23, 2025 /PRNewswire/ -- The YMCA of Metropolitan Los Angeles (LA Y), with the support of Southern California Gas Co. (SoCalGas), is expanding its commitment to providing ongoing critical resources to communities recovering from the recent wildfires in Southern California. SoCalGas is providing a $400,000 donation to the LA Y towards its Eaton fire response to support the immediate and long-term needs of the community as residents begin to navigate the next stages of this crisis. SoCalGas' donation helps expand access to the LA Y's critical resources such as extended hours of operation; free community access for all LA Y's amenities (showers, Wi-Fi, food, water, and essential items); free childcare for children of first responders, essential workers, and children of families who were displaced, evacuated, or who otherwise experienced loss; and access to Teen Centers. For additional information about how to access services, visit www.ymcala.org. "As soon as evacuation orders were lifted and residents began returning to the area, the LA Y ensured all of our Centers for Community Well Being were open to provide essential services to all impacted," said Victor Dominguez, president and chief executive officer of the YMCA of Metropolitan Los Angeles. "Recovery will be a long journey for many in our community, and our centers are here to provide ongoing support every step of the way. We are committed to ensuring that impacted individuals and families have access to the services they need—not just today, but for the long road ahead." In addition to its financial contribution, 100 SoCalGas employees are volunteering at the Pasadena-Sierra Madre Y to organize thousands of pounds of community donations. Anyone affected by the fire can come to 611 E. Sierra Madre Blvd. to get food, water, clothes, personal hygiene items, and other goods that can aid their recovery. "The pain and loss being felt in this community makes our hearts grieve. In times like these, it is important that we help the pillars and foundations of the community come together, which is why we support the YMCA of Metropolitan Los Angeles," said Maryam Brown, chief executive officer of SoCalGas. "They are here, they are on the ground, they are your neighbor, and so are we." "I am moved by our community's strength in the face of the Eaton fire," said Victor M. Gordo, Pasadena mayor. "The partnership between the YMCA of Metropolitan Los Angeles and SoCalGas exemplifies the spirit of collaboration and support that defines our community. This generous donation and dedicated volunteers are a testament to our shared commitment to helping those affected rebuild their lives. Together, we can ensure that every resident has access to the resources and support they need during this time." Supervisor Kathryn Barger emphasized the importance of community partnerships during emergencies. "As thousands of residents have endured destruction and displacement, I'm heartened by the compassion and care so many community organizations have shown them in their time of need. I'm thankful to the YMCA and SoCalGas for extending a helping hand and illustrating a collaborative spirit. We truly are stronger together, and the last two weeks have shown us the power of government, individuals, nonprofits, and private partners uniting for the common good," Supervisor Barger said. The LA Y, with support from SoCalGas, will continue to provide essential resources and support services to help individuals and families in the recovery process to ensure people have the help they need to rebuild and move forward. If you would like to support the LA Y wildfire relief effort, please visit ymcala.org/community-response to learn about how to make a financial contribution, donate the most needed supplies, or volunteer your time. Most needed items include: Hygiene kits and toiletries (new items only) Diabetic-friendly food, instant coffee, powder creamer, baby formula, peanut butter/jelly, cereal Reusable bags/grocery bags Luggage Sleeping equipment (blankets, sleeping bags, air mattresses) Air purifiers Heaters Please note that clothing donations are not needed at this time. For information about SoCalGas services, please visit socalgas.com/fires and socalgas.com/edr. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas.  About YMCA of Metropolitan Los Angeles The LA Y is the Center for Community Well-Being in Los Angeles, committed to building stronger communities by providing equitable programs and services to empower all. We are focused on fighting food insecurity, providing equity in education, making sure every child has the opportunity to experience the joy of sports, ensuring kids and teens have a safe place to grow, learn and live a healthy lifestyle. The LA Y's health and wellness initiatives offer medical and mental health resources to ensure everyone has access to basic health needs. Our mission is to provide services and resources that contribute to the well-being of our community. Visit ymcaLA.org for more information. More on Facebook, or Instagram. SOURCE Southern California Gas Company

Sempra and Sempra Foundation Pledge a Total of up to $1 Million Toward California Fire Relief

SAN DIEGO, Jan. 10, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) and Sempra Foundation today announced up to $1 million in charitable contributions to support those impacted by the California wildfires. Sempra Foundation, founded and solely funded by Sempra, announced up to $750,000 in charitable contributions. Sempra also announced up to $250,000 of shareholder contributions to further support those impacted. "We are grateful for the work of first responders and utility workers who are doing all they can to protect communities, and we are deeply saddened that so many have been displaced or lost their homes," said Lisa Larroque Alexander, senior vice president, corporate affairs and chief human resources officer at Sempra. "We are dedicated to supporting our communities and our people to help them recover." Sempra Foundation is pledging up to $750,000 to support disaster relief efforts in the greater Los Angeles community. This includes donations to the American Red Cross Los Angeles Region and Team Rubicon, a veteran-led humanitarian organization that serves communities before, during and after disasters and crises to support relief and recovery efforts, as well as matching employee contributions to eligible community organizations supporting fire relief as part of its continuous program to encourage employees across the Sempra family of companies to volunteer and support causes in their communities. Sempra also intends to establish and contribute up to $250,000 to the Sempra Relief Fund, an assistance fund to support employees from within the Sempra family of companies directly affected by disasters. "As we extend our hearts to all those impacted by the wildfires, we will pull from our collective strength to support one another," Alexander said. "Together, we can help our colleagues, neighbors and communities safely navigate this crisis, get back on their feet and begin to restore their lives." About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

Sempra’s Jeffrey W. Martin Receives Distinguished Eagle Scout Award for Service to Community and Nation

SAN DIEGO, Dec. 23, 2024 — Sempra (NYSE: SRE) today announced the company’s chairman and CEO Jeffrey W. Martin has been selected by the National Eagle Scout Association to receive its highest honor — the Distinguished Eagle Scout Award. This prestigious award is granted to Eagle Scouts who have distinguished themselves professionally and in service to the community and nation, reflecting a lifetime of dedication and achievement. Martin received the award upon nomination by the San Diego-Imperial Council of Scouting America. The Distinguished Eagle Scout Award is a rare and significant honor, recognizing individuals who have made extraordinary contributions to society and exemplify the enduring values of scouting. Since its inception in 1969, only a select few have been bestowed with this accolade, underscoring the exceptional nature of Martin's accomplishments. “At Sempra, we understand the importance of investing our time and resources into improving the quality of life in communities where we live and work,” said Martin. “This is aligned with the ideal of service to others and service to nation, which are central to the values of Scouting America. Nearly five decades after attaining the rank of Eagle Scout, it is a high honor for me to receive this recognition.” Active in San Diego, Martin has served on various local boards, including the University of San Diego where he was recently named trustee emeritus, the San Diego Chamber of Commerce, and the California Chamber of Commerce, while also serving as a prominent supporter of the Monarch School, which exclusively serves unhoused students in the San Diego region. In addition to his local contributions, he has served on the board of directors for several national and international business organizations. The ideal of service and giving back to others runs deep at the Sempra family of companies. At Sempra, employees truly demonstrate a commitment to the communities in which they live and work, driven by a core set of values — do the right thing, champion people and shape the future. As an example, Sempra companies and employees donate time, energy and funds to causes and organizations that help build a vibrant future for everyone. In 2023, the Sempra family of companies and the Sempra Foundation demonstrated their strong support for local communities with $30.5 million in community contributions to nonprofit civic and community groups, including $5.2 million from the Sempra Foundation. Employees across Sempra’s companies supported more than 2,700 charities and organizations with donations of time and money, logging nearly 40,000 volunteer hours. Headquartered in San Diego, the company’s values guide the daily operations of San Diego Gas & Electric (SDGE), supporting the delivery of safe, reliable and affordable energy to families and businesses in the San Diego and southern Orange County areas. Throughout 2024, 3,400 SDGE employees, along with their friends and families, have contributed over 9,700 volunteer hours at sponsored community events. In the San Diego region, projects supported by Sempra and SDGE have included: Feeding San Diego, the leading hunger relief and food rescue organization in San Diego County and the only Feeding America partner food bank in the region. Serving Seniors, helping poor and homeless seniors thrive using an innovative model of whole-person, wraparound support including meals, housing, health and social services, and lifelong learning. Just in Time for Foster Youth, building a community of support for foster youth to become capable, confident and connected so they can break the cycle of foster care after they leave the foster care system. Support The Enlisted Project (STEP), providing counseling, education and grants, to build financial self-sufficiency among junior active-duty, enlisted service members and recently discharged enlisted veterans and their families in Southern California facing financial crisis. UC San Diego Center for U.S.– Mexican Studies, studying issues affecting economic, social and political relations between Mexico and the U.S. San Diego River Park Foundation, dedicated to improving the health of the San Diego River and creating a better quality of life for the San Diego community. GRID Alternatives National Tribal Program, helping tribal communities achieve their clean energy goals while providing financial savings and job training opportunities to improve their members' quality of life. Ocean Discovery Institute, empowering young people from diverse backgrounds through science-based ocean exploration and the urban environment. About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra.

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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).