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Displaying results 1006 - 1020 of 1201
Sempra Energy Announces Proposed Public Offerings Of Common Stock And Mandatory Convertible Preferred Stock
SAN DIEGO, July 10, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that it is commencing concurrent offerings (the equity offerings) of $1.1 billion of shares of its common stock in connection with the forward sale agreements described below and $500 million of shares of its Mandatory Convertible Preferred Stock, Series B, each in a separate registered public offering, subject to market and other conditions. These offerings are being made by means of separate preliminary prospectus supplements and are not contingent on each other. Sempra Energy expects to use the net proceeds from these offerings and the related sale of shares of its common stock pursuant to the forward sale agreements referred to below to repay outstanding commercial paper, to fund working capital and for other general corporate purposes. Sempra Energy intends to grant the underwriters in the respective equity offerings the option to purchase directly from Sempra Energy up to an additional $165 million of shares of its common stock and up to an additional $75 million of shares of the Mandatory Convertible Preferred Stock. Citigroup and J.P. Morgan are acting as joint bookrunners of the equity offerings and representatives of the underwriters. In connection with the common stock offering, Sempra Energy expects to enter into forward sale agreements with an affiliate of Citigroup and an affiliate of J.P. Morgan (in such capacity, the forward purchasers) with respect to $1.1 billion of shares of its common stock. In connection with the forward sale agreements, the forward purchasers or their respective affiliates (in such capacity, the forward sellers) are expected to borrow from third parties and sell to the underwriters of the common stock offering for resale by such underwriters in such offering an aggregate of $1.1 billion of shares of the common stock. If, however, the forward purchasers determine in good faith, after using commercially reasonable efforts, that the forward sellers are unable to borrow and deliver to the underwriters any such shares of common stock, or that the forward sellers are unable to borrow, at a stock loan rate not greater than a specified rate, and deliver to the underwriters any such shares, or if the forward sellers elect not to borrow such shares of common stock because specified conditions are not satisfied, Sempra Energy will issue and sell to the underwriters a number of shares of common stock equal to the number of shares that the forward sellers did not borrow and deliver. Sempra Energy will not initially receive any proceeds from the sale of common stock sold by the forward sellers to the underwriters. Instead, subject to its right to elect cash settlement or net share settlement subject to certain conditions, Sempra Energy intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by Sempra Energy occurring no later than December 15, 2019, an aggregate number of shares of its common stock to the forward purchasers equal to the number of shares sold by the forward sellers in the common stock offering, in exchange for cash proceeds per share equal to the applicable forward sale price per share, which will initially be equal to the public offering price per share in the common stock offering less underwriting discounts and commissions. The initial forward sale price is subject to subsequent adjustment from time to time as provided in the forward sale agreements. Each share of Mandatory Convertible Preferred Stock is expected to have a liquidation preference of $100 per share. Unless earlier converted, each share of Mandatory Convertible Preferred Stock will automatically convert into a variable number of shares of Sempra Energy's common stock on the mandatory conversion date, which is expected to be July 15, 2021. The number of shares of Sempra Energy's common stock issuable on mandatory conversion will be determined based on the average volume-weighted average price of Sempra Energy's common stock over the 20-trading day period commencing on and including the 21st scheduled trading day prior to July 15, 2021. The dividend rate and the conversion terms of the Mandatory Convertible Preferred Stock will be determined by negotiations among Sempra Energy and the underwriters. The offerings are being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Each offering will be made only by means of a prospectus supplement relating to such offering and the accompanying base prospectus, copies of which may be obtained by contacting the representatives of the underwriters using the information provided below under "Underwriter Contact Information." An electronic copy of each preliminary prospectus supplement, together with the accompanying prospectus, also is available on the SEC's website, www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Such forward-looking statements include, among other things, statements related to Sempra Energy's expectations regarding the completion, timing and sizing of its proposed public offerings, its expectations with respect to granting the underwriters options to purchase additional shares, the expected physical settlement of the forward sale agreements, and use of proceeds. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: the impact of current global economic, credit and market conditions and the satisfaction of customary closing conditions related to the proposed offerings, as well as risks and uncertainties associated with our business in general, including, actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission, U.S. Department of Energy, California Department of Conservation's Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the U.S. and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denials of approvals of proposed settlements or modifications of settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability, any of which may raise our cost of capital and materially impair our ability to finance our operations; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where the inverse condemnation doctrine applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; our ability to successfully execute our plan to divest certain assets on the anticipated timeframe, if at all, or that such plan may not yield the anticipated benefits; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; actions by credit rating agencies to downgrade our credit ratings of us or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; the ability to realize the anticipated benefits from our investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings); indebtedness we have incurred to fund the acquisition of our investment in Oncor Holdings, which may make it more difficult for us to repay or refinance our debt or may require us to take other actions that may decrease business flexibility and increase borrowing costs; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures; actions of activist shareholders, which could impact the market price of our common stock, preferred stock and other securities and disrupt our operations as a result of, among other things, requiring significant time and attention by management and our board of directors; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the prospectus supplement and accompanying prospectus for each offering and in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC) that are incorporated by reference therein. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. UNDERWRITER CONTACT INFORMATION Citigroup J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions c/o Broadridge Financial Solutions 1155 Long Island Avenue 1155 Long Island Avenue Edgewood, NY 11717 Edgewood, NY 11717 Toll-free: (800) 831-9146 Attn: Equity Syndicate Toll-free: (866) 803-9204 [SRE-F] SOURCE Sempra Energy
New SoCalGas Branch Office Opens in San Luis Obispo
LOS ANGELES, July 9, 2018 – Southern California Gas Co. (SoCalGas) announced its branch office in San Luis Obispo has moved to a new location, to make it more convenient for area residents to pay their natural gas bills in person. The new branch office is now open at 2240 Emily Street, Suite 140, San Luis Obispo. It was officially opened with a ribbon cutting ceremony on Monday, July 9. A photo is available here. “The new SoCalGas branch office in San Luis Obispo is now open to residents and local businesses,” said Tim Mahoney, public affairs manager for SoCalGas. “The office will better serve our customers in its new location in a mixed-use business center next to other businesses where our customers already visit.” “For many years, SoCalGas has been providing a valuable service to our residents and has been an important partner to local merchants and businesses. We are very excited to have a SoCalGas payment center in our community,” said Jill LeMieux, spokesperson for San Luis Obispo Chamber of Commerce. At the new location, customers can conveniently pay using cash, check or money order Monday through Friday from 9 a.m. - 5 p.m. SoCalGas offers customers more options by partnering with merchants and other businesses throughout Southern California. Other authorized locations nearby are Walmart and Bill Senna Insurance Agency in Arroyo Grande and Guadalajara Meat Market Grover Beach. Payments are accepted seven days a week between 8 am. - 9 pm. at no cost. A gas bill stub is required to make a payment. Other bill payment options include: Online payment via SoCalGas’ My Account, where enrolled customers can make secure online payments, access account balance, schedule automatic payments, get email bill reminders, and pay by text. Pay by Credit or Debit through an independent service provider, BillMatrix online. Pay by Phone or Pay by Direct Debit with check or savings account. Customers can pay by mail, sending a check or money order with their bill stub to: SoCalGas, P.O. Box C, Monterey Park, CA 91756. For information, visit socalgas.com/pay-bill/ways-to-pay or call 800-427-2200 . Natural gas is the most affordable and reliable option for space heating, cooking and water heating in Southern California and is used by more than 90 percent of residents in the region. According to the American Gas Association, households that use natural gas for water and space heating, cooking and clothes drying save an average of $874 per year compared to homes using electricity for those applications. SoCalGas is a leader in developing and investing in technologies that reduce air pollution and greenhouse gas emissions while keeping bills affordable for customers. Since 1990, the company’s energy efficiency and rebate programs have reduced emissions equal to taking almost 700,000 cars off the road, and over the last five years, its energy efficiency and rebate programs have helped customers save $161 million on their utility bills. Moreover, thanks to energy efficiency measures and new technology, residential water and space heating account for only about four percent of greenhouse gas emissions statewide, according to the California Air Resources Board. To learn more about how to save money, read about energy savings tips. # # # About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.7 million customers across 22,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.
SDG&E and SoCalGas Honored with Enterprise GIS Award at the 2018 Esri International Conference
LOS ANGELES, July 9, 2018 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) and Southern California Gas Co. (SoCalGas) today received a prestigious international award for their innovative use of location intelligence and spatial analytics. Geographic information system (GIS) is the foundational system that provides information about gas and electric networks to enhance situational awareness and decision making for the assets and customers at both utilities. SDG&E and SoCalGas were recognized by Esri for being industry leaders before a crowd of 18,000 international technology experts and GIS users at the Esri International User Conference in San Diego. A photo is available here. The Enterprise GIS Award is given annually to an organization that uses geographic information system software to provide meaningful business intelligence across the organization – from staff to field operations to management. "Esri's ArcGIS platform helps both SoCalGas and SDG&E deliver energy safely and reliably to our 25 million customers by giving us real-time data to make informed decisions," said Jimmie Cho, senior vice president of customer services for SoCalGas and senior vice president of distribution operations for SoCalGas and SDG&E. "Whether it's helping our staff provide excellent customer service to homes and businesses, or using mapping data to monitor pipelines or power lines during an emergency response, Esri's platform helps us keep our systems in service, increase productivity, and ultimately serve our customers better." "SDG&E and SoCalGas are true pioneers in their efforts providing real-time information throughout their organization to offer the best service to their customers," said Jack Dangermond, Esri founder and president. "Both utilities have created a platform that is agile, helps mitigate damage and provides support to the people who need it, when they need it." About 2,000 SDG&E and SoCalGas employees across multiple business areas use Esri's ArcGIS mapping and analytics platform. Staff from customer service, integrity management, environmental services, emergency response, engineering, field operations, and planning use the GIS data in real-time. SDG&E leverages the geographic data in the following ways: Emergency Operations – provides real-time data, such as fire perimeters, weather data, and crew locations, for decision making during an emergency event. Field Mobile Applications – allows field staff to view their equipment locations and help streamline their work activities. Outage Management Integration – provides the base network model enabling our operators to geospatially monitor and control the grid. SoCalGas uses the geographic data in the following ways: Emergency Operations – allows rapid assessment of data using a GIS Portal in the Emergency Operations Center and command post to provide situational awareness for responders. Natural Gas Pipeline Map – provides an interactive map of gas transmission and high-pressure distribution pipelines. Spatial Analytics – supports integrity management programs using ESRI software to perform data analysis and to determine possible risks to our assets by location. About EsriEsri, the global market leader in geographic information system (GIS) software, offers the most powerful mapping and spatial analytics technology available. Since 1969, Esri has helped customers unlock the full potential of data to improve operational and business results. Today, Esri software is deployed in more than 350,000 organizations including the world's largest cities, most national governments, 75 percent of Fortune 500 companies, and more than 7,000 colleges and universities. Esri engineers the most advanced solutions for digital transformation, the Internet of Things (IoT), and location analytics to inform the most authoritative maps in the world. Visit us at esri.com. About SDG&ESDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing around 45 percent of its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a subsidiary of Sempra Energy, a Fortune 500 energy services holding company based in San Diego. For more information, visit SDGEnews.com or connect with SDG&E on Twitter ( @SDGE), Instagram ( @SDGE) and Facebook. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.7 million customers across 22,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE Southern California Gas Company
Sempra Energy's IEnova Unit Awarded $150 Million Liquid Fuels Project in Sinaloa, Mexico
SAN DIEGO, July 9, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), has been awarded a 20-year contract by the Topolobampo Port Administration in Mexico to build and operate a receipt, storage and send-out liquid fuels marine terminal in the state of Sinaloa. With a projected investment of approximately $150 million, the first phase of the new liquid fuels terminal will have a storage capacity of 1 million barrels of fuel, including gasoline and diesel. Operations are expected to commence in the fourth quarter of 2020. "The Topolobampo project will facilitate access to additional international fuel supplies and help meet growing demand in Mexico," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "IEnova's success in developing new energy infrastructure is contributing to Mexico's economic growth, creating jobs and diversifying energy supply while benefitting millions of Mexican energy consumers." IEnova will be responsible for the development of the liquid fuels terminal project, including financing, obtaining customer contracts and permits, engineering, procurement and construction, as well as maintenance and operations. IEnova has achieved significant commercial progress with potential customers and intends to contract for 100 percent of the terminal's capacity. Future phases of the liquid fuels terminal could include additional fuel storage capacity and storage of petrochemicals. IEnova develops, builds and operates energy infrastructure in Mexico. With more than 900 employees and approximately $7.6 billion dollars invested, its footprint in Mexico includes several lines of business across the energy infrastructure value chain that is open to private investment in the country. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements or modifications of settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability, any of which may raise our cost of capital and materially impair our ability to finance our operations; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; and the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; our ability to successfully execute our plan to divest certain non-strategic assets on the anticipated timeframe, if at all, or that such plan may not yield the anticipated benefits; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; and fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; the ability to realize the anticipated benefits from our investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings); the ability to obtain additional permanent equity financing for the acquisition of our investment in Oncor Holdings on favorable terms; indebtedness we have incurred to fund the acquisition of our investment in Oncor Holdings, which may make it more difficult for us to repay or refinance our debt or may require us to take other actions that may decrease business flexibility and increase borrowing costs; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy 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. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
Renewable Natural Gas Produced in California by CR&R Flows into SoCalGas Pipelines for First Time
LOS ANGELES, July 2, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and waste management company CR&R Environmental (CR&R) today announced they are now injecting renewable natural gas produced at CR&R's anaerobic digestion facility in Perris, Calif., into SoCalGas pipelines. This is the first renewable natural gas produced within California to be introduced into SoCalGas' pipeline system. Renewable natural gas is a carbon-negative fuel produced from waste that can be used in trucks and buses, to generate electricity, fuel heating systems in home and businesses, and for cooking. The renewable natural gas from CR&R's digestion facility is used to fuel about 400 of CR&R's waste hauling trucks. "SoCalGas is committed to delivering cost effective solutions to our customers that both reduce emissions linked to climate change and keep energy bills affordable," said Sharon Tomkins, SoCalGas vice president of customer solutions and strategy. "The relationship with CR&R is a great example of a smart investment by CR&R that delivers immediate and meaningful air quality improvements to communities and reduce greenhouse gas emissions in the state." " California is transitioning to low-carbon transportation fuels and zero emission vehicles in order to meet our climate change goals, clean air standards, and petroleum reduction goals," said California Energy Commissioner Janea A. Scott. "There are multiple pathways to reduce and eliminate pollution from our transportation sector. The Energy Commission is pleased to invest in projects like CR&R's anaerobic digestion facility to help demonstrate one of these pathways and to grow in-state production of low-carbon transportation fuels." "We need clean fuels to achieve clean air," said Wayne Nastri, executive officer of the South Coast Air Quality Management District. "This local production and distribution of renewable natural gas will reduce our dependence on fossil fuels and enhance our ability to reduce emissions from the region's heavy-duty vehicles." CR&R is producing renewable natural gas using organic waste collected in Southern California cities' green waste bins and processed in an anaerobic digester believed to be the largest and most automated in the world. This biogas is upgraded to the same standards and specifications of traditionally-sourced natural gas and then put into a new 1.4-mile section of SoCalGas pipeline. Another source of renewable energy for CaliforniaAs California policymakers have sought to expand the production and use of renewable energy, SoCalGas has been working to increase the amount of renewable natural gas produced in California and delivered to its customers. Renewable natural gas can be produced from waste at landfills, wastewater treatment plants, food processing and dairies. The collection of methane from landfills, wastewater treatment plants, agriculture and dairies is essential for California to meet the climate change and air quality goals outlined in existing law. That methane can then be used as renewable natural gas for transportation, home heating, hot water, cooking, industrial uses, and to generate electricity. Consumer preference polls support the increased production and use of renewable natural gas. Research shows nine out of 10 California families use natural gas in their homes and prefer it by a margin of 4 to 1 over electricity. In addition, strong majorities of consumers—nearly 80 percent—prefer to use natural gas for cooking in their homes, and nearly two-thirds of consumers believe gas is their most affordable energy choice. According to the American Gas Association (AGA), households that use natural gas for water and space heating, cooking and clothes drying save an average of $874 per year compared to homes using electricity for those applications. In addition, unlike solar and wind energy, renewable natural gas is available when needed—day or night—for use in homes or electric generation. Renewable natural gas from other states has already begun to clean the air and reduce greenhouse gas emissions in California's transportation sector, which accounts for more than 80 percent of smog forming emissions and about 40 percent of greenhouse gas emissions in the state. The latest generation of natural gas engines for heavy duty vehicles can reduce smog-forming emissions by more than 90 percent. When fueled with renewable natural gas, they can reduce greenhouse gas emissions by 80 percent or more. Already, more than 60 percent of natural gas trucks in California are fueled by renewable gas delivered by SoCalGas pipelines. For more information on renewable natural gas, go to: socalgas.com/smart-energy. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.7 million customers across 22,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About CR&R Environmental ServicesCR&R Incorporated is Southern California's most innovative and successful waste and recycling management company, serving more than 3 million people and over 25,000 businesses throughout Orange, Los Angeles, San Bernardino, Imperial and Riverside counties. In addition, the company has operations in Southern Arizona and Colorado. Thanks to groundbreaking technologies and pioneering reclamation programs, CR&R recycles over 500,000 tons of materials each year, creating cleaner communities, reducing air and water pollution, conserving landfill space and extending natural resources. This anaerobic digestion plant located in Perris, California is currently the only renewable natural gas plant delivering into SoCalGas' pipeline system. SOURCE Southern California Gas Co.
Sempra Energy Releases Latest Corporate Sustainability Report
SAN DIEGO, July 2, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today released its 2017 corporate sustainability report, " Sustainable Future," outlining the company's environmental, social and governance performance. "At Sempra Energy, we believe it is our responsibility to ensure that we are providing for our customers, shareholders and employees in a sustainable way," said Jeffrey W. Martin, CEO of Sempra Energy. "As we look to the future, we are inspired by a strong sense of purpose and a unique understanding of the role we play in improving the lives of our stakeholders." The corporate sustainability report is released each year by Sempra Energy as a way to document progress from the prior year, outline management's approach to key issues and provide stakeholders with an accounting of the company's performance in a number of areas. The 2017 report highlights governance performance, such as Sempra Energy's continued work to incorporate risks related to climate change into its risk-management process. This includes preparing for a wildfire season exacerbated by extreme drought, the potential impact of sea-level rise and the need to meet climate-related regulatory targets. In 2017, Sempra Energy's companywide emissions rate for power generation remained at about half the U.S. national average, and more than 50 percent of the company's power generation capacity was emissions-free. Additionally, only 1 percent of water withdrawn by Sempra Energy businesses in 2017 came from fresh-water sources. Social performance is also covered in the report, including the company's efforts to work with employees across its businesses to develop a policy on human rights, underscoring the company's commitment to minimize any adverse effects that infrastructure or operations might have on people and communities. Sempra Energy's 2017 corporate sustainability report is available at www.sempra.com. The Sempra Energy companies include Oncor Electric Delivery Company LLC, San Diego Gas & Electric, Sempra LNG & Midstream, Sempra Mexico, Sempra Renewables, Sempra South America Utilities and Southern California Gas Co. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements or modifications of settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability, any of which may raise our cost of capital and materially impair our ability to finance our operations; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; and the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; and fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; the ability to realize the anticipated benefits from our investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings); the ability to obtain additional permanent equity financing for the acquisition of our investment in Oncor Holdings on favorable terms; indebtedness we have incurred to fund the acquisition of our investment in Oncor Holdings, which may make it more difficult for us to repay or refinance our debt or may require us to take other actions that may decrease business flexibility and increase borrowing costs; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy 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. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra Energy
SoCalGas Joins State Senator Leyva to Kick Off Second Round of State Pilot Program that Provides Safer, More Reliable Natural Gas Service to Mobile Home Park Residents
LOS ANGELES, June 29, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today joined State Senator Connie M. Leyva (D- Chino) at a groundbreaking ceremony to kick off the second round of the company's Mobile Home Park (MHP) Utility Upgrade Program. Through the pilot program, SoCalGas replaces aging, privately-owned, natural gas distribution systems with new pipelines and advanced meter technology, providing direct utility service to mobile home park residents. These upgrades enhance safety, improve the reliability of natural gas service, and help customers save energy and money by letting them track their daily and hourly natural gas usage, receive bill tracker alerts, and participate in other money-saving programs. Since the MHP Utility Upgrade Program began in 2014, SoCalGas has upgraded 189 mobile home parks, providing direct utility service and advanced meter technology to nearly 10,500 customers. Today's groundbreaking marked the start of construction at Foothill Village Mobile Home Park in Pomona, California. Photos of this morning's event are available here. "Natural gas is the most affordable and reliable clean energy in California, and, through the Mobilehome Park Utility Upgrade Program, residents benefit from brand new pipelines that are safe and equipped with advanced meter technology that helps families manage their energy costs," said Gina Orozco-Mejia, vice president of gas distribution for SoCalGas. "In addition, the more than 10,000 families who have participated in the program have gained access to a full suite of energy-saving solutions that help keep their bills low and reduce greenhouse gas emissions." "As Chair of the Senate Select Committee on Manufactured Home Communities, I am pleased to join SoCalGas as it launches the next round of this important program that will help mobile home residents in Pomona and other communities stay informed, conserve energy and save money," said State Senator Connie M. Leyva (D- Chino). "This overall investment will help improve the quality of life for residents who live in communities with aging or failing infrastructure." "We are very fortunate to have Foothill Village Mobile Home Park participating in the program as it offers both owners and residents tremendous safety benefits that in turn help to extend the life of the park," said Rheannon Arciniega, regional property manager at Bessire and Casenhiser, Inc. "Many of our mobile home parks have already participated in the program, and we have been extremely satisfied with the process and outcome. We look forward to bringing those same results to Foothill Village, working together with SoCalGas." Successful Pilot Program Extended by Public Utilities Commission In March 2014, the California Public Utilities Commission (CPUC) approved a voluntary, statewide, three-year pilot program referred to as the Mobile Home Park (MHP) Utility Upgrade Program, authorizing each investor-owned utility to convert 10 percent of master-metered gas and/or electric MHP spaces within its operating territory to direct utility service by replacing their parks' energy distribution system with a new, professionally installed system. Following a well-received initial pilot, the CPUC voted unanimously last September to extend the pilot program through December 31, 2019, authorizing SoCalGas to convert another 5 percent of MHP spaces to direct utility service. The extension of the program will provide enhanced safety and reliability through direct utility service to an additional 6,400 mobile homes in 65 parks throughout SoCalGas' territory. In addition to infrastructure upgrades that enhance safety and service reliability, the program provides customers with tools to help manage their energy costs and keep bills affordable. Newly installed advanced meters will give customers the ability to view and receive alerts about their natural gas consumption, pay bills online, schedule service, and sign up for paperless billing. The program also offers income-qualified customers access to no-cost weatherization services through the Energy Savings Assistance Program and to a 20 percent rate discount through the California Alternative Rates for Energy (CARE). Other mobile home parks in Pomona, California that SoCalGas has already converted to direct utility service under the first round of the pilot program include Rose Villa Mobile Home Park and Woodlawn Mobile Home Park. Direct natural gas service to mobile home park residents is just one way SoCalGas helps to keep its customers' energy bills as low as possible. Since 1990, SoCalGas energy efficiency and rebate programs have saved customers more than $670 million. The utility offers more than 90 energy efficiency programs that have delivered $161 million in cost savings directly to its customers over the past five years. Natural gas is the most affordable, reliable, clean, and increasingly renewable energy choice for home and water heating and cooking in Southern California and is used by more than 90 percent of residents in the region. According to the American Gas Association (AGA), households that use natural gas for water and space heating, cooking and clothes drying save an average of $874 per year compared to homes using electricity for those applications. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.7 million customers across 22,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company's pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region's clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. SOURCE SoCalGas
SoCalGas, Énergir, GRDF and GRTgaz Announce Collaboration on Low-Carbon and Renewable Gas Initiatives During World Gas Conference
WASHINGTON, June 29, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today joined Énergir, a Canadian natural gas utility, along with French utilities GRDF and GRTgaz to announce a new collaboration aimed at advancing the research and development of renewable natural gas and technologies such as power-to-gas. The collaboration will focus on research and development, public policy, and outreach. SoCalGas Vice President of Customer Solutions and Strategy Sharon Tomkins made the announcement alongside Énergir Senior Vice President of Development, Communities, Corporate Affairs and Operational Safety Martin Imbleau, Laurent Théry, International and Business Development Director for GRTgaz and Christophe Wagner, International Director for GRDF, during the World Gas Conference in Washington D.C. "Advances in natural gas technologies have helped clean our air and helped reduce emissions linked to climate change," said Sharon Tomkins, vice president of customer solutions and strategy for SoCalGas. "We are excited to collaborate with our French and Canadian counterparts to speed up the development of the next generation of innovations including renewable natural gas, solar-powered hydrogen generation, fuel cells, power-to-gas and other technologies. Together the work we're doing today will help provide reliable and affordable natural gas service to millions of families and businesses for decades to come." "In this energy transition era, we believe renewable natural gas is a powerful tool in the fight against climate change, as well as being a significant contributor to energy self-reliance and the circular economy," said Martin Imbleau, Senior Vice President, Development, Communities, Corporate Affairs and Operational Safety for Énergir. "This collaboration with our partners will allow us to share our progress and results toward our environmental and social objectives." "The energy transition with renewable gas needs to be advocated to become a reality worldwide," said Laurent Théry, International and Business Development Director for GRTgaz. "Our leading companies in California, Québec and France promote renewable gas in our regions and countries to reach that goal." "The development of renewable gas is a real challenge for the energy transition and has a key role to play in the context of the low carbon strategy. The signing of this partnership agreement at the World Gas Conference reflects our shared desire to develop green gas and associated technologies and facilitate its production and injection into natural gas networks," said Christophe Wagner, International Director for GRDF. "This sharing of knowledge and experience at the international level aims to effectively meet the need for anaerobic digestion in line with the ambition we are carrying in France: 30 percent of biomethane injected into the networks in 2030." The American, French and Canadian utilities share a common goal of advancing policies to combat climate change while providing customers with reliable and affordable energy solutions. The collaboration will build upon successes each company has earned in achieving policy initiatives and the development and advancement of new technologies. It will also serve as an opportunity to learn from research and development initiatives currently under development and corresponding regulatory frameworks. France has adopted a renewable gas standard that calls for renewable natural gas to make up at least 30 percent of natural gas consumption by 2030. SoCalGas is supporting legislation in California that would require 5 percent of core natural gas consumption in the state to come from renewable sources by 2030. Énergir has a target to distribute 5 percent of renewable natural gas by 2025 and is working towards efforts to have a fully developed renewable natural gas marketplace by 2020. Another key to advancing renewable energy resources is the research and development of long-term energy storage solutions. According to a 2017 Lawrence Berkley National Lab study, by 2025, between 3,300 and 7,800 gigawatt-hours of excess solar and wind energy will be wasted in California alone. SoCalGas is supporting the research and development of technologies that can harness that excess renewable electricity and convert it into energy that can be transported and stored for prolonged periods of time using existing infrastructure to deliver economic benefits to the state's ratepayers. Last year, for example, SoCalGas announced a first of its kind project in the United States that converts hydrogen generated from excess renewable power into pipeline quality natural gas for use in homes, businesses and in transportation. If all the excess solar and wind energy detailed in the National Labs' study were converted through the biomethanation process and stored as renewable natural gas, it would provide enough renewable energy to heat 158,000 to 370,000 homes or provide renewable electricity to 80,000 to 187,000 homes. Énergir is also working on a biomethanation project. The Canadian utility, in partnership with the city of Saint-Hyacinthe, has been delivering renewable natural gas to the pipeline system since December 2017. Saint-Hyacinthe is the first municipality in Quebec to produce energy through this process. Another endeavor Énergir and its partners G4 Insights and Greenfield Global are undertaking is the development of a pilot plant to produce renewable natural gas from Canada's abundant supply of forest biomass. In France, GRTgaz has begun construction on an industrial-scale power-to-gas demonstration project. Jupiter 1000 will convert surplus electricity generated by wind farms on the Mediterranean coast of southern France into hydrogen and methane syngas. This will be the first project to inject hydrogen and methane syngas into France's natural gas pipeline system. When completed, Jupiter 1000 will have a total generating capacity of 1 Megawatt electric (MWe). GRDF is working to encourage the injection of renewable natural gas into the distribution network and bring together renewable gas producers. GRDF believes green gas represents the future because it reduces CO₂ emissions and moves towards the goal of carbon neutrality. Currently, there are 50 active renewable natural gas injection sites in France with an additional 800 projects in progress. Estimates show that up to 776 GWh/yr of renewable natural gas can be injected into the French natural gas network, which is equivalent to the annual consumption of more than 63,600 households or nearly 3,000 buses. Last year, 90,000 metric tons of greenhouse gas emissions were avoided in France thanks to renewable natural gas. As part of this collaboration, project results will be shared between the utilities. The goal is to learn from the potential successes and challenges of the projects and further build on biomethanation and power-to-gas technologies. Over the course of the next year, representatives from each utility will continue to maintain an open dialogue around these topics, striving for continued development and distribution of renewable gas and the advancement of climate goals. About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States, providing clean, safe, affordable and reliable natural gas service to 21.7 million customers in Central and Southern California. Its service territory spans 22,000 square miles from Fresno to the Mexican border, reaching more than 550 communities through 5.9 million meters and 101,000 miles of pipeline. More than 90 percent of Southern California single-family home residents use natural gas for home heat and hot water. In addition, natural gas plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas has served communities in California for 150 years and is committed to being a leader in the region's clean energy future. The company is working to accelerate the use of renewable natural gas, a carbon-neutral or carbon-negative fuel created by capturing and conditioning greenhouse gas emissions from farms, landfills and wastewater treatment plants. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. About Énergir With more than $7 billion in assets, Énergir is a diversified energy company whose mission is to meet the energy needs of its 520,000 customers and the communities it serves in an increasingly sustainable way. In Québec, it is the leading natural gas distribution company and also produces, through its subsidiaries, electricity from wind power. In the United States, through its subsidiaries, the company operates in nearly fifteen states, where it produces electricity from hydraulic, wind and solar sources, in addition to being the leading electricity distributor and the sole natural gas distributor in Vermont. Énergir values energy efficiency and invests both resources and efforts in innovative energy projects such as renewable natural gas and liquefied and compressed natural gas. Through its subsidiaries, it also provides a variety of energy services. Énergir hopes to become the partner of choice for those striving toward a better energy future. Twitter: @Energir_ About GRDF GRDF is the leading manager of natural gas transmission networks in France. GRDF distributes natural gas each day to more than 11 million customers to ensure that they have gas when they need it, regardless of their supplier. This convenient, affordable, comfortable, and modern source of energy enables people to heat their homes, cook, and get around. To provide this public service, GRDF builds, operates, and maintains the largest transmission network in Europe (199,781 km) and develops it in more than 9,500 municipalities while ensuring the safety of people and property, as well as high-quality distribution. Twitter: @grdf About GRTGaz GRTgaz is one of the European leaders of natural gas transmission and a world expert of gas transmission networks and systems. In France, GRTgaz owns and operates 32,410 km of buried pipes and 26 compression stations used to ship gas between suppliers and consumers (distributors or industrial companies directly connected to the transmission network). GRTgaz fulfills public service missions to ensure the continuity of supply to consumers and sells transmission services to users of the network. An actor of the energy transition, GRTgaz invests in innovative solutions to adapt its network and reconcile competitiveness with security of supply and preservation of the environment. www.grtgaz.com Twitter: @GRTgaz SOURCE Southern California Gas Company
Sempra Energy Announces Portfolio Optimization Initiatives
SAN DIEGO, June 28, 2018 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that, following a comprehensive strategic review of its businesses and asset portfolio over the past year, the company intends to sell several energy infrastructure assets, including its entire portfolio of U.S. wind and U.S. solar assets, as well as certain U.S. midstream assets. The board of directors approved the asset sales on June 25. The planned asset dispositions represent the first phase of a multi-phase portfolio optimization initiative designed to sharpen the company's strategic focus and create value for all shareholders. "Our strategy is to continue building a leading energy company operating best-in-class utilities and developing contracted energy infrastructure in some of the largest economies in the Americas, with a focus centered on North America," said Jeffrey W. Martin, CEO of Sempra Energy. "Our executive team and board of directors, along with our outside financial and legal advisors, have been engaged in a comprehensive strategic review of our asset portfolio over the past year, consistent with this strategy to drive shareholder value. The review was guided by several important considerations and factors, including: deployment of additional capital to improve critical utility infrastructure, changes in the U.S. tax code, California regulatory developments and strategic growth opportunities. "This is just the first phase of our portfolio optimization, which we expect to continue in the coming months. We intend to continue evaluating our portfolio, looking for additional opportunities to create long-term value for all shareholders. We will pursue additional initiatives using a disciplined, phased approach, taking into consideration timing and market conditions." Midstream assets included in the planned sales are Mississippi Hub, LLC, an underground salt dome with 22 billion cubic feet (Bcf) of working natural gas storage capacity located near Jackson, Miss. along with related compression and pipeline facilities, and the company's 90.9-percent ownership interest in Bay Gas Storage Company, Ltd., a 20 Bcf natural gas storage facility near Mobile, Ala. Both storage facilities are part of Sempra LNG & Midstream. Also part of the planned sales are all of Sempra Renewables' solar and wind assets and investments, including wholly owned facilities, and joint-venture and tax-equity investments with a total generating capacity of approximately 2,600 megawatts, as well as projects in development. Sempra Renewables has ownership interests and investments in nine solar projects in Nevada, Arizona and California and wind projects in eight states stretching from Hawaii to Pennsylvania. "Renewable energy is a vital part of the energy landscape and we have developed a great platform, but we have determined that our U.S. solar and wind generation businesses would be more valuable to another owner," Martin said. "We will continue to be a leader in sourcing renewable energy for our utility customers, which is critical to the future of an expanding clean energy grid. "Natural gas storage plays an important role in energy markets, but these Gulf Coast storage assets are no longer core to our business strategy. Monetizing these assets will support growth opportunities in our other U.S. businesses and strengthen our balance sheet." Sempra Energy expects to record impairment charges related to certain of these assets totaling approximately $1.47 billion to $1.55 billion, or approximately $870 million to $925 million after tax and noncontrolling interests, in the second quarter 2018. These impairment charges will result primarily from adjusting the related assets' recorded values to the lesser of carrying value or estimated fair value, less costs to sell, as applicable. The company does not expect that any of the impairment charges will result in future cash expenditures, other than costs to sell. Gains, if any, from the sale of the wind and solar assets and investments would be recorded at the time of sale. Sempra Energy's executive management team will provide an overview of the company's strategic plans, including portfolio optimization, at the company's 2018 Analyst Conference today in New York. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements or modifications of settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability, any of which may raise our cost of capital and materially impair our ability to finance our operations; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; and the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; our ability to successfully execute our plan to divest certain non-strategic assets on the anticipated timeframe, if at all, or that such plan may not yield the anticipated benefits; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; and fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; the ability to realize the anticipated benefits from our investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings); the ability to obtain additional permanent equity financing for the acquisition of our investment in Oncor Holdings on favorable terms; indebtedness we have incurred to fund the acquisition of our investment in Oncor Holdings, which may make it more difficult for us to repay or refinance our debt or may require us to take other actions that may decrease business flexibility and increase borrowing costs; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy 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. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. [SRE-F] SOURCE Sempra Energy
SoCalGas Helps Local Fleet Owners with Purchases of New Near-Zero Emissions Natural Gas Trucks
Southern California Gas Co. (SoCalGas) today announced the company’s latest efforts to help California fleets obtain funding for the purchase of new near-zero emissions heavy-duty natural gas trucks. SoCalGas representatives supported 21 fleet owners operating within the South Coast Air Quality Management District (SCAQMD) with the Carl Moyer Program, funding applications for 209 new near-zero emissions natural gas trucks. Already this year, SoCalGas customers have submitted more than 150 applications to the SCAQMD as part of the $21 million Prop 1B incentive pool. Owners whose applications are accepted will receive $100,000 towards the purchase of a new near-zero natural gas truck. Replacing 350 diesel trucks with near-zero natural gas trucks is the equivalent of taking more than 20,000 passenger cars off the road. The Carl Moyer Program was expanded this year to include infrastructure projects such as fueling and charging stations. SoCalGas also assisted customers with additional applications for the funding of five new compressed natural gas (CNG) fueling stations. The expansion of CNG stations across the state is a crucial step in the transition to near-zero natural gas trucks. This year marks the 20 th anniversary of the Carl Moyer Program, which provides owners of vehicles and equipment with diesel engines funding to retrofit or replace the engines with newer, cleaner models. Prior to 2018, the program has provided more than $460 million in funding. Approximately $25 million is available through the SCAQMD program in 2018. According to the SCAQMD, almost 7,600 tons of NOx (smog-forming emissions) and 222 tons of particulate matter have been reduced each year as the result of the Carl Moyer Program. “Last month, SoCalGas customers began receiving deliveries of ultra-low emission 12-Liter natural gas trucks, the cleanest heavy-duty truck commercially available today,” said Sharon Tomkins, vice president of customer solutions and strategy for SoCalGas. “Incentive funding like the Carl Moyer Program will enable more fleets to switch to ultra-low emission trucks at a cost on par with diesel trucks.” “SoCalGas account executives have been instrumental in streamlining our data collection process, scheduling meetings and processing the paperwork needed so that we could submit accurate and timely grant applications,” said Kent Ramseyer, energy manager for the Newport-Mesa Unified School District. “NMUSD staff looks forward to working with SoCalGas on these and other projects in the near future.” The transportation sector is responsible for about 40 percent of California’s GHG emissions and more than 80 percent of the state’s NOx, or smog-forming, emissions. Making the switch from diesel to near-zero natural gas trucks is vital to achieving the state’s GHG reduction goals and cleaning the air around California’s transportation corridors. # # # About SoCalGas Headquartered in Los Angeles, SoCalGas® is the largest natural gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable natural gas service to 21.7 million customers across 22,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Natural gas delivered through the company’s pipelines also plays a key role in providing electricity to Californians—about 60 percent of electric power generated in the state comes from gas-fired power plants. SoCalGas is committed to investing in its natural gas system infrastructure, while keeping bills affordable for our customers. From 2013 through 2017, the company spent nearly $6 billion to upgrade and modernize its natural gas system to enhance safety and reliability. The company is also committed to being a leader in the region’s clean energy future, and is working to accelerate the use of renewable natural gas from dairy farms, landfills and wastewater treatment plants and the development of renewable energy storage technologies. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.
PGNiG and Port Arthur LNG sign agreement for the sales and purchase of LNG from the U.S.
WASHINGTON, June 26, 2018 /PRNewswire/ --The agreement defines basic terms and conditions of a 20-year contract to be finalized between the parties for the sales and purchase of two million tonnes per annum (Mtpa) of LNG, which equals about 2.7 billion cubic meters (bcm) per year of natural gas following regasification. Cargoes will be supplied starting in 2023 from the Port Arthur LNG facility being developed in Jefferson County, Texas. The documents were signed today during the current World Gas Conference in Washington, D.C. "The Port Arthur liquefaction project is one of three major LNG export projects Sempra Energy is developing in North America to meet the demand of global markets, including Poland," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "This agreement along with PGNiG's financial strength and experience in delivering natural gas to customers are important to advancing the Port Arthur liquefaction project." "We are pleased to have PGNiG as a foundation customer of the Port Arthur LNG project," said Octavio Simoes, president of Sempra LNG & Midstream, a subsidiary company of Sempra Energy. "We look forward to working with PGNiG to finalize the LNG supply agreement that will provide low-cost, flexible and reliable U.S. LNG to PGNiG and bring competitively priced natural gas to the Polish and other European gas markets." "The signed agreement paves the way for finalizing a contract that will help PGNiG to develop our LNG portfolio in the near future," commented Piotr Woźniak, CEO and President of the Management Board at PGNiG. "Starting in 2023, LNG deliveries from the Port Arthur terminal can not only help us to further diversify our import structure, but will also help us in strengthening PGNiG's activities on the international LNG market. PGNiG is constantly looking for market offers to purchase natural gas at competitive prices. We are pleased to be able to cooperate with such an experienced partner as Sempra Energy." Deliveries have the flexibility to allow for further trading by PGNiG on international markets and are contemplated to be supplied on a free-on-board (FOB) basis whereby PGNiG is responsible for transport of the cargoes from Port Arthur LNG. Today's announcement represents another step in the ongoing development of the Port Arthur LNG liquefaction project. In 2017, Sempra LNG & Midstream signed a Memorandum of Understanding (MOU) with Korea Gas Corporation (KOGAS) providing a framework for cooperation, including engineering and construction, operations, equity ownership in the Port Arthur LNG liquefaction project, and offtake of LNG. The ultimate participation of KOGAS and PGNiG in the project remains subject to finalization of definitive agreements. The Port Arthur LNG liquefaction facility is planned to export approximately 11 Mtpa of LNG starting from 2023. Last week Bechtel was selected by Port Arthur LNG to be the engineering, procurement, construction and commissioning (EPC) contractor. Development of the Port Arthur LNG liquefaction project is contingent upon obtaining customer commitments, completing the required commercial agreements, securing all necessary permits, obtaining financing, incentives and other factors, and reaching a final investment decision. Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. PGNiG (the Polish Oil and Gas Company) is the leader of the Polish natural gas market. Listed on the Warsaw Stock Exchange, the company's core businesses include the exploration and production of natural gas and crude oil fields; the import, storage, and sale of natural gas; the distribution of gaseous and liquid fuels; and heat and electricity generation. PGNiG holds exploration and production licenses on the Norwegian Continental Shelf and in Pakistan. The exploration and production activity in Norway is carried out by PGNiG Upstream Norway. Munich-based PGNiG Supply & Trading is engaged in gas trading in Western Europe and operates an LNG trading office in London. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the U.S. Department of Energy, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency and Pipeline and Hazardous Materials Safety Administration, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners; the availability of natural gas and liquefied natural gas, and natural gas pipeline and storage capacity; equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases and harmful emissions, and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to storage and pipeline infrastructure, the information and systems used to operate our businesses; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra Energy's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. These forward looking statements speak only as of the date hereof and Sempra Energy or its subsidiaries undertake no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG & Midstream
Sempra Energy To Webcast Analyst Conference June 28
SAN DIEGO, June 25, 2018 /PRNewswire/ -- The executive management team from Sempra Energy (NYSE: SRE) will provide an update on the company's business strategy and financial goals at 9:30 a.m. EDT, June 28, on a live webcast from the Sempra Energy analyst conference in New York. Executives also will discuss the company's priorities, plans for future growth, and focus on meeting the needs of customers and creating value for shareholders. The presentation slides will be posted to the investor section of Sempra Energy's website at 7 a.m. EDT, June 28. The live webcast of the conference will be available on the investor section of the company's website and a replay also will be available on the website within 24 hours after the conference. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. [SRE-F] SOURCE Sempra Energy
TechnipFMC And Kiewit Selected As EPC Contractors For Energía Costa Azul LNG Export Project
SAN DIEGO, June 25, 2018 /PRNewswire/ -- Sempra LNG & Midstream, a unit of Sempra Energy (NYSE: SRE), today announced that a TechnipFMC and Kiewit partnership has been selected as the engineering, procurement, construction and commissioning (EPC) contractor for the Energía Costa Azul (ECA) liquefaction project under development in Baja California, Mexico. The TechnipFMC-Kiewit partnership will perform the engineering, planning and related activities necessary to prepare, negotiate and finalize a lump-sum EPC contract for the project, leveraging the two companies' extensive experience on liquefied natural gas (LNG) projects worldwide. "The ECA liquefaction project is one of three North American LNG export projects we are developing -- two on the Gulf Coast and one in the Pacific Basin -- to help meet global demand for LNG," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "This project is an exciting part of our LNG growth strategy and geographically positioned to serve Asian natural gas markets." Permitted to be built adjacent to the existing ECA regasification facility, the liquefaction project is being developed by Sempra Energy to provide customers with direct access to west coast LNG supplies. "Having two highly qualified construction companies, TechnipFMC and Kiewit, with international liquefaction experience will contribute to the project's success," said Octavio M.C. Simoes, president of Sempra LNG & Midstream. "ECA liquefaction will help us achieve our LNG development objectives of having a world-class LNG export terminal on the west coast of North America." Development of the ECA liquefaction project is contingent upon: obtaining customer commitments; completing the required commercial agreements (including a definitive EPC contract); securing all necessary permits and approvals; obtaining financing and incentives; reaching a final investment decision; and other factors associated with the investment and the size, phasing and schedule of the development. In addition to the ECA liquefaction development, Sempra LNG & Midstream is developing a three-train, 14-million-tonnes-per-annum (Mtpa) liquefaction facility at Cameron LNG in Hackberry, La., that is currently in construction. Last week, Sempra LNG & Midstream announced that Bechtel was selected as the EPC contractor for a third project, Port Arthur LNG, a two-train 11-Mtpa liquefaction facility in Port Arthur, Texas. Completion of these projects is subject to a number of risks and uncertainties. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the U.S. Department of Energy, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the availability of natural gas and liquefied natural gas, and natural gas pipeline and storage capacity; equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases and harmful emissions, and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to storage and pipeline infrastructure, the information and systems used to operate our businesses; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra Energy's website at www.sempra.com. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof and Sempra Energy or its subsidiaries undertake no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG & Midstream
Sempra LNG & Midstream Selects Bechtel As EPC Contractor For Port Arthur LNG Export Facility
SAN DIEGO, June 22, 2018 /PRNewswire/ -- Sempra LNG & Midstream, a unit of Sempra Energy (NYSE: SRE), today announced that its wholly owned affiliate, Port Arthur LNG, LLC, has selected Bechtel as the engineering, procurement, construction and commissioning (EPC) contractor for the Port Arthur liquefaction project under development in Jefferson County, Texas. Bechtel, one of the world's most experienced liquefied natural gas (LNG) engineering and construction companies, will perform the engineering, execution planning and related activities necessary to prepare, negotiate and finalize a lump-sum EPC contract for the project in accordance with the planned development schedule. "Port Arthur LNG is one of three major LNG export projects that are an important part of our growth platform," said Joseph A. Householder, president and chief operating officer of Sempra Energy. "Bechtel brings to our project outstanding management experience and commitment to safety we expect on all of our projects." "We are confident Bechtel's construction and management team will help us achieve a world-class LNG export project at Port Arthur and meet the global demand for LNG," said Octavio M. Simoes, president of Sempra LNG & Midstream. "We look forward to partnering with Sempra LNG & Midstream to successfully develop the Port Arthur LNG facility, from planning through project startup," said Darren Mort, general manager of Bechtel LNG. "We are honored that Sempra LNG & Midstream has entrusted us with the opportunity to play a key role in helping them deliver energy to customers across the globe." The proposed Port Arthur liquefaction project is expected to include two natural gas liquefaction trains to enable the long-term sale of approximately 11 million tonnes per annum (Mtpa) of LNG; feed gas pre-treatment facilities; natural gas liquids and refrigerant storage; up to three LNG storage tanks; two marine berths and associated facilities. Development of the Port Arthur liquefaction project is contingent upon obtaining customer commitments, completing the required commercial agreements (including a definitive EPC contract), securing all necessary permits and approvals, obtaining financing and incentives, reaching a final investment decision and other factors associated with the investment. In addition to Port Arthur, Sempra LNG & Midstream developed a three-train, 14 Mtpa liquefaction facility at Cameron LNG in Hackberry, La., currently in construction, and has permitted a liquefaction facility at Energía Costa Azul in Baja California, Mexico. Completion of these projects is subject to a number of risks and uncertainties. Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that create long-term progress and economic growth. Since 1898, we've completed more than 25,000 extraordinary projects across 160 countries on all seven continents. Our Oil, Gas & Chemicals business is a global leader in the development and delivery of LNG projects, having completed 12 large scale LNG trains in less than 4 years. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the U.S. Department of Energy, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the availability of natural gas and liquefied natural gas, and natural gas pipeline and storage capacity; equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases and harmful emissions, and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits) or may be disputed by insurers; cybersecurity threats to storage and pipeline infrastructure, the information and systems used to operate our businesses; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; changes in foreign and domestic trade policies and laws, including border tariffs, revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra Energy's website at www.sempra.com . Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof and Sempra Energy or its subsidiaries undertake no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. SOURCE Sempra LNG & Midstream
Sempra Energy Declares Common And Preferred Dividends
SAN DIEGO, June 20, 2018 /PRNewswire/ -- Today, the board of directors of Sempra Energy (NYSE:SRE) declared a quarterly dividend of $0.8950 per share of common stock. The common stock dividend is payable July 15, 2018, to common stock shareholders of record at the close of business on July 2, 2018. The company's board of directors also declared a quarterly dividend of $1.50 per share on the company's 6-percent Mandatory Convertible Preferred Stock, Series A (Preferred Stock, Series A). The Preferred Stock, Series A dividend will be payable July 15, 2018, to Preferred Stock, Series A shareholders of record as of July 1, 2018. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2017 revenues of more than $11 billion. Sempra Energy is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide. This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations, and issuances of permits and other authorizations by the California Public Utilities Commission (CPUC), U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory Commission, U.S. Environmental Protection Agency, Pipeline and Hazardous Materials Safety Administration, Los Angeles County Department of Public Health, Public Utility Commission of Texas, states, cities and counties, and other regulatory and governmental bodies in the United States and other countries in which we operate; the timing and success of business development efforts and construction projects, including risks in obtaining or maintaining permits and other authorizations on a timely basis, risks in completing construction projects on schedule and on budget, and risks in obtaining the consent and participation of partners and counterparties; the resolution of civil and criminal litigation and regulatory investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among shareholders and ratepayers; denial of approvals of proposed settlements or modifications of settlements; and delays in, or disallowance or denial of, regulatory agency authorizations to recover costs in rates from customers (including with respect to amounts associated with the San Onofre Nuclear Generating Station facility and 2007 wildfires) or regulatory agency approval for projects required to enhance safety and reliability, any of which may raise our cost of capital and materially impair our ability to finance our operations; the greater degree and prevalence of wildfires in California in recent years and risk that we may be found liable for damages regardless of fault, such as in cases where inverse condemnation applies, and risk that we may not be able to recover any such costs in rates from customers in California; the availability of electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions caused by failures in the transmission grid, moratoriums or limitations on the withdrawal or injection of natural gas from or into storage facilities, and equipment failures; changes in energy markets; volatility in commodity prices; moves to reduce or eliminate reliance on natural gas; and the impact on the value of our investments in natural gas storage and related assets from low natural gas prices, low volatility of natural gas prices and the inability to procure favorable long-term contracts for storage services; risks posed by actions of third parties who control the operations of our investments, and risks that our partners or counterparties will be unable or unwilling to fulfill their contractual commitments; weather conditions, natural disasters, accidents, equipment failures, computer system outages, explosions, terrorist attacks and other events that disrupt our operations, damage our facilities and systems, cause the release of greenhouse gases, radioactive materials and harmful emissions, cause wildfires and subject us to third-party liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy limits), may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of insurance, to the extent that such insurance is available or not prohibitively expensive; cybersecurity threats to the energy grid, storage and pipeline infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information and the personal information of our customers and employees; capital markets and economic conditions, including the availability of credit and the liquidity of our investments; and fluctuations in inflation, interest and currency exchange rates and our ability to effectively hedge the risk of such fluctuations; the impact of recent federal tax reform and uncertainty as to how it may be applied, and our ability to mitigate adverse impacts; actions by credit rating agencies to downgrade our credit ratings or those of our subsidiaries or to place those ratings on negative outlook; changes in foreign and domestic trade policies and laws, including border tariffs, and revisions to international trade agreements, such as the North American Free Trade Agreement, that make us less competitive or impair our ability to resolve trade disputes; the ability to win competitively bid infrastructure projects against a number of strong and aggressive competitors; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's electric transmission and distribution system and from possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation or other forms of distributed and local power generation, and the potential risk of nonrecovery for stranded assets and contractual obligations; the ability to realize the anticipated benefits from our investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings); the ability to obtain additional permanent equity financing for the acquisition of our investment in Oncor Holdings on favorable terms; indebtedness we have incurred to fund the acquisition of our investment in Oncor Holdings, which may make it more difficult for us to repay or refinance our debt or may require us to take other actions that may decrease business flexibility and increase borrowing costs; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to its requirement to meet and maintain its regulatory capital structure, or because any of the three major credit rating agencies rates Oncor's senior secured debt securities below BBB (or the equivalent) or Oncor's independent directors or a minority member director determine it is in the best interest of Oncor to retain such amounts to meet future capital expenditures; and other uncertainties, some of which may be difficult to predict and are beyond our control. These risks and uncertainties are further discussed in the reports that Sempra Energy 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. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra Infrastructure, Sempra LNG & Midstream, Sempra Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova are not regulated by the California Public Utilities Commission. [SRE-F] SOURCE Sempra Energy

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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).