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Sempra's Jeffrey W. Martin Receives Lifetime Achievement Recognition at Platts Global Energy Awards

SAN DIEGO, Dec. 17, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced the company's chairman and CEO Jeffrey W. Martin received the lifetime achievement award from S&P Global Commodity Insights at this year's Platts Global Energy Awards. The prestigious award recognizes Martin's lasting contributions and influence in the global energy industry as well as his vision and leadership during his career at Sempra. "Being an exemplary leader in the current energy environment is no small feat," said Dave Ernsberger, co-president of S&P Global Commodity Insights. "Success will go to those organizations that develop new solutions, insight and information that align financial incentives that advance decarbonization objectives that markets, governments and consumers demand. Jeff has clearly transformed Sempra into a market leader, while having a positive global impact on our industry." "As chairman and CEO, Jeff has been successful in launching a new corporate strategy that more than doubled the value of the company, while growing Sempra into an industry leader," said Lisa Larroque Alexander, Sempra's senior vice president of corporate affairs. "Sempra now serves more Americans with their basic energy needs than any other utility holding company and is consistently recognized for sustainable business practices and a commitment to innovation and new technologies." Jeffrey W. Martin's Leadership Achievements Martin has served as chairman and CEO of Sempra since early in 2018 and previously held various leadership roles across Sempra companies. During his tenure, he has led the organization in its mission to become North America's premier energy infrastructure company, while delivering long-term value to shareholders and other stakeholders. Sempra has focused its strategy on the transmission and distribution portion of the energy value chain and pursued growth in key economic markets, including California, Texas, Mexico and global energy markets. The company has successfully executed on approximately $30 billion in transactions since 2017, while recycling capital into higher growth segments within the business, strengthening the company's balance sheet and producing strong financial returns to shareholders. Martin's visionary leadership has been instrumental in guiding Sempra's mission and executing its strategic initiatives, while ensuring the company's growth and continued success over this period. By positioning the company's portfolio around key trends such as electrification, decarbonization and energy security, Sempra has become a market leader within the utility industry and improved its expected growth prospects through 2030. Moreover, "Jeff's most significant contribution has been in advancing a culture of high performance within Sempra where more than 20,000 employees are aligned around our mission and ideal of service to others, particularly by improving community safety and the affordability of services to customers," Alexander said. Hundreds of energy executives and representatives attended the S&P Global Commodity Insights' 26th Annual Platts Global Energy Awards gala in New York City on Dec. 12. Often described as the 'Oscars of the energy industry,' the awards program recognizes corporate and individual innovation, leadership, and exemplary performance in the energy sector. Emceed by CNBC reporter Kristina Partsinevelos, winners were selected from each corresponding group of finalists by the Global Energy Awards' independent panel of judges and live streamed at the event. Sempra was also recognized as finalists in two additional award categories: Energy Transition Award – LNG; and Rising Star Individual Award for Emily Shults, senior vice president and chief business officer – low carbon solutions for Sempra Infrastructure. About Sempra Sempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

Sempra confirms strong growth outlook

Bullish on utilities, Sempra CEO, Martin discusses LNG, opportunities, value for shareholders, and $48B capital program

Sempra Named Among Newsweek's 'Most Responsible Companies'

SAN DIEGO, Dec. 5, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it has been recognized by Newsweek as one of "America's Most Responsible Companies" for 2025, earning this distinction for the sixth consecutive year. The annual list ranks companies based on their commitment to corporate responsibility in the areas of corporate governance and responsible social and environmental practices. Sempra has been included since the list's inception. "At Sempra, we believe our responsible business practices improve the value of our franchise. By strengthening governance and risk management and improving the safety and resiliency of our business operations, it allows us to better meet the needs and expectations of our customers, while also adding scale to our business," said Lisa Larroque Alexander, senior vice president, corporate affairs and chief human resources officer at Sempra. "We will continue to approach global energy challenges with an entrepreneurial mindset, steadfast optimism and confidence in our vision of delivering energy with purpose." Newsweek's recognition of Sempra as one of "America's Most Responsible Companies" is based on publicly available key performance indicators derived from the company's Corporate Sustainability Report and an independent survey that asked U.S. citizens about their perception of Sempra's commitment to corporate social responsibility. Details of Sempra's approach to responsible stakeholder engagement and corporate governance can be found in the company's most recent Corporate Sustainability Report, which is available here. In addition to being recognized on Newsweek's America's Most Responsible Companies list, Sempra is included in the FTSE4Good Index and JUST 100 list, has been named one of TIME Magazine's World's Best Companies and one of Fortune Magazine's World's Most Admired Companies, and earned a perfect score on the CPA-Zicklin Index of Corporate Political Disclosure and Accountability, among other accolades. About Sempra Sempra (NYSE: SRE ) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California , Texas , Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra . SOURCE Sempra

SDG&E Receives Top Honors for Outstanding Reliability in the West & National System Resiliency Award

SAN DIEGO, Nov. 14, 2024 /PRNewswire/ -- San Diego Gas & Electric Company (SDG&E) has once again been honored by PA Consulting for its continued excellence in reliability, marking the 19th consecutive year the company has received the prestigious ReliabilityOne® Award for Outstanding Reliability Performance in the Western Region. This year, SDG&E also received the additional System Resiliency Award, highlighting its commitment to robust grid operations and innovations that can adapt to an evolving climate landscape. ReliabilityOne® Awards are given annually by PA Consulting to utilities that have achieved outstanding reliability performance and have excelled in delivering reliable electric service to their customers. "Reliability and resilience are cornerstones of our mission at SDG&E," said Caroline Winn, SDG&E's chief executive officer. "We work to continuously evolve our technology, refine our processes and implement forward-thinking programs to prioritize the safety, sustainability and satisfaction of our 3.6 million customers. This recognition reflects our team's dedication to placing people first and delivering the safety and reliability our customers deserve. We are honored to receive this award, which inspires us to keep innovating and making a positive impact in our community." Key initiatives contributing to SDG&E's recognition include: Advanced Wildfire Mitigation and Grid Hardening Wildfire & Climate Resilience Center: Combining cutting-edge technology, the center serves as a hub for research, development and implementation of innovative solutions to address wildfire risk and increasing climate challenges. Climate Intelligence Platform and Wildfire Next Generation System (WiNGS): Leveraging AI and data modeling to simulate climate scenarios, WiNGS assists SDG&E in its efforts to enhance grid infrastructure and reduce wildfire risks. Advanced weather monitoring: SDG&E operates one of the nation's most sophisticated weather forecasting networks, offering real-time data to better anticipate and address weather-related threats. The company's systems use millions of historical weather data points going back to 2010 to assist in training AI-based wind forecasting models, including one of the first AI-trained Santa Ana Wind Gust forecast models in the industry. Resilient and Sustainable Energy Solutions Renewable Microgrids: SDG&E's microgrids supply critical infrastructure and communities with energy during Public Safety Power Shutoff (PSPS) events, to support continuity and renewable energy use. Path to Net Zero: SDG&E's roadmap outlines strategies to help achieve California's ambitious emissions reduction targets through cleaner energy sources and carbon removal. "For over two decades, the ReliabilityOne® Awards have showcased electric utilities that lead the industry in reliability and resilience," said Derek HasBrouck, PA Consulting's ReliabilityOne® Program Director. "SDG&E's success in maintaining high reliability standards while innovating in clean energy and grid resilience truly sets it apart. Congratulations to SDG&E on these well-deserved recognitions." PA Consulting's ReliabilityOne® awards are presented to electric utilities providing their customers with the highest levels of reliability in the industry. PA Consulting's ReliabilityOne® study is based on standard industry reliability statistics that measure the frequency and duration of electric power outages. ReliabilityOne® participants on average experienced 55% fewer sustained outages, and outages were 70% shorter than the average US investor-owned utility. PA Consulting has been analyzing electric utility performance since 1987. About SDG&E SDG&E is an innovative energy delivery company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by increasing energy delivered from low or zero-carbon sources; accelerating the adoption of electric vehicles; and investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a recognized leader in its industry and community, as demonstrated by being named Corporate Partner of the Year at the San Diego Business Journal's Nonprofit & Corporate Citizenship Awards and receiving PA Consulting's ReliabilityOne ® Award for Outstanding Reliability Performance for 19 consecutive years. SDG&E is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SDGEtoday.com or connect with SDG&E on social media @SDGE. SOURCE San Diego Gas & Electric (SDG&E)

SoCalGas, GKN Hydrogen and the National Renewable Energy Laboratory Begin Innovative Solid State Hydrogen Storage Demonstration Project

LOS ANGELES, Nov. 14, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and GKN Hydrogen today announced the commissioning of a research demonstration project with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative clean renewable hydrogen storage solution. The project, which will be located at NREL's Flatirons Campus in Arvada, Colo., uses GKN Hydrogen's storage technology to store hydrogen in a solid state (metal hydrides) compared to traditional gaseous storage tanks. The demonstration aims to evaluate the technology's performance and integration with clean energy systems, such as microgrids or fuel cells. The project also aims to identify the most beneficial uses of solid-state storage of clean renewable hydrogen. At scale, this technology could help accelerate the transition to a net-zero emissions economy by increasing the availability of resilient, on-site renewable power generation and storage. "This demonstration project highlights how surplus renewable energy can be used to create and store clean renewable hydrogen to help sustainably meet our country's growing energy demands," said Jawaad Malik, chief strategy and sustainability officer at SoCalGas. "Continued advances in long duration storage technologies could play a crucial role in supporting on-site clean energy systems and offer an additional path to help accelerate the decarbonization of hard to electrify industries." The demonstration project will use renewable energy sources like solar and wind to convert water into clean renewable hydrogen through an electrolyzer. Up to 500 kilograms of hydrogen can be stored in GKN Hydrogen's storage system in a solid state by binding the molecules in a metal hydride at low pressure without the need for compression. The hydrogen can then be used in an on-site fuel cell to create zero-emissions electricity. "We believe that hydrogen has the potential to revolutionize the energy sector, and our solutions are designed to make this transition as seamless as possible," said Jim Petrecky, chief operating officer at GKN Hydrogen. "Our storage systems promise significant potential benefits in the areas of safety, footprint, and operational and maintenance costs. Evaluating commercial use cases will be key to identifying deployment strategies as the hydrogen economy continues to scale up and production costs continue to fall." Utilizing NREL's Advanced Research on Integrated Energy Systems (ARIES) platform, researchers aim to validate a variety of commercial and industrial decarbonization applications. The exact use case depends on the system's integration, which could include solar, electrolyzers, battery storage and fuel cells with distribution equipment. "The ARIES platform and infrastructure in Colorado aims to help accelerate the deployment of innovative energy technologies related to renewable energy, storage solutions and interactive loads. By integrating GKN Hydrogen's storage solution and collaborating with major utilities like SoCalGas, we are developing solutions to tackle the complexities of modern energy systems," said Katherine Hurst, NREL's principal investigator for the project. "This project will be the world's largest hydrogen storage system connected to renewable energy, and the findings could be integral to advancing the interoperability of hydrogen technologies and renewable energies at scale." The U.S. Department of Energy's Hydrogen and Fuel Cell Technologies Office provided $1.7 million in funding to NREL to deploy GKN Hydrogen's innovative hydrogen storage subsystem. SoCalGas provided $400,000 of research, development and demonstration funding to the project and will help identify potential commercial use cases. The project is scheduled to run until December 2026. Click to learn more about SoCalGas' Research Development and Demonstration program, GKN Hydrogen's storage solution and NREL's ARIES program. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, and most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. About GKN Hydrogen GKN Hydrogen produces solid state hydrogen storage systems, based on metal hydrides, and integrated energy storage solutions leveraging this technology. They focus on applications where simple configurations and maximum safety are paramount to value and where byproduct heat enhances the commercial offering by simplifying the site, eliminating compression, and optimizing efficiency. GKN Hydrogen is wholly owned subsidiary of the multi-disciplined global UK engineering and industrial group, Langley Holdings plc and is part of Langley Holdings' Power Solutions division. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, audits, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) fluctuating interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline system or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE Southern California Gas Company

Sempra Named One of the World's Best Companies by TIME Magazine

SAN DIEGO, Nov. 12, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been recognized by TIME Magazine as one of the World's Best Companies for 2024. The recognition, presented by TIME and Statista Inc., places Sempra on a list of top performing companies across the globe based on employee satisfaction, revenue growth and sustainability transparency. "It is an exciting time for our company as we advance our mission to build the leading energy infrastructure company in North America," said Jeffrey W. Martin, chairman and CEO of Sempra. "Our efforts center on leadership and workforce development, finding new and better ways to serve customers, and advancing our high-performance culture. It is an honor to be named one of the world's best companies." Sempra's inclusion on TIME's annual list of World's Best Companies adds to the company's growing list of distinctions for corporate excellence and sustainable business practices, including The Wall Street Journal's "Best-Managed Companies" list, Fortune's "World's Most Admired Companies", Newsweek's "Most Responsible Companies", and Sempra's inclusion in the Dow Jones Sustainability Index North America and FTSE4Good Index Series. Learn more about how Sempra's sustainable business practices are helping modernize energy infrastructure, advance innovation and contribute to long-term economic health in Sempra's 2023 Corporate Sustainability Report – Ideas with Energy. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

SoCalGas Declares Preferred Dividends

LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on January 15, 2025, to shareholders of record on December 10, 2024. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, and most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. SOURCE Southern California Gas Company

SoCalGas Shares Five Simple Ways to Reduce Energy Use and Save

LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- As cooler weather approaches, Southern California Gas Company (SoCalGas) shares energy-saving tips and tools to help customers prepare their homes. "As we transition into the cooler months, SoCalGas is here to support our customers in managing their energy use and by participating in energy efficiency programs, while maintaining comfort throughout the season," said Don Widjaja, vice president, customer services field and solutions at SoCalGas. "Together, we can take simple yet effective steps to lower energy consumption, which helps our customers save on their bills and contributes to a more sustainable future." Energy-Savings Tips for Customers: Manage Your Heating Systems: Heating is often the largest energy expense for customers. When away from your home or business, adjust your thermostat by five to eight degrees, if health permits, to help save energy. Optimize Appliance Usage: Ensure your dryer runs efficiently by checking the ductwork for obstructions and cleaning the lint filter before every load. Dry full loads of laundry but avoid overloading or over-drying. Upgrading to energy-efficient models can result in up to 20% savings. Install Energy-Saving Showerheads and Other Fixtures: By using less water, less natural gas will be used for heating. Consider installing fixtures such as low flow faucet aerators and tub spouts. Test for Duct Air Leakage and Seal Leaks: Leaky ducts can lead to 10%-30% higher heating and cooling costs. Check for leaks in ductwork to help reduce energy expenses. Seal any leaks around windows and doors to retain heat and ensure proper insulation to reduce heating needs. Replace Furnace Filter(s): Replace your furnace filter(s) monthly during heating season or as often as the manufacturer recommends. A great way to conserve energy usage is to upgrade older model appliances with new, energy-efficient ones. Find eligible appliances at our SoCalGas Marketplace site where you can purchase, finance, and schedule delivery of your new appliances. For example, replacing an old, inefficient clothes dryer with a new, more efficient model could save customers up to 20% in energy savings. Over the lifetime of the product, energy efficient models that have earned the ENERGY STAR ® certification can save around $370 in energy costs. For a limited time, through Nov. 30, 2024, residential and multifamily customers can get 50% more in rebates to purchase an eligible, qualifying energy-efficient appliance. No extra steps are needed; a customer's increased rebate will be automatically calculated. Eligibility requirements apply; see participating rebate programs' conditions for details. * SoCalGas offers programs and tools designed to help customers track, manage and save on their energy use and bills: Ways to Save Tool: The My Energy Profile survey offers a complimentary household energy analysis with personalized tips and information about energy-efficient appliance rebates. SoCalGas Text Notices: Customers can opt-in for the Natural Gas Price Notice, which sends a text message if there is a 20% or more increase in the monthly natural gas commodity cost—affecting part of their bills. Sign up at socalgas.com/NotifyMe to receive updates from December 2024 through March 2025. Energy Savings Assistance Program: This program provides no-cost energy-saving home improvements for income-qualified renters and homeowners, including low-flow showerheads, water heater blankets, attic insulation, and more. CARE: This is a statewide assistance program that provides a 20% discount on natural gas bills for qualifying low-income households. This fall, SoCalGas launched its newly redesigned website, offering enhanced navigation and improved access to information on billing, energy savings assistance programs, as well as critical and timely customer announcements, safety information, and sustainability initiatives. The update also optimizes efficiencies and enhances secure access to self-service options, making it easier and more convenient for customers to manage their accounts and payments. Learn more about the updated features to "My Account" at www.socalgas.com/my-account. For more information on managing your natural gas usage and accessing available programs, visit Manage Higher Bills | SoCalGas. * Participating Rebate Programs: Home Energy Efficiency Rebate Program, Multifamily Energy Efficiency Rebate Program (including Boiler Controllers), and the Multifamily Vended Clothes Washer Rebate Program (applies to only SoCalGas rebates). About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit newsroom.SoCalGas.com or connect with SoCalGas on social media @SoCalGas.  SOURCE Southern California Gas Company

Sempra Declares Common Dividend

SAN DIEGO, Nov. 7, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its board of directors has declared a $0.62 per share quarterly dividend on the company's common stock, which is payable Jan. 15, 2025, to common stock shareholders of record at the close of business on Dec. 5, 2024. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

Sempra Reports Third-Quarter 2024 Earnings Results

SAN DIEGO, Nov. 6, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638 million, or $1.00 per diluted share, compared to third-quarter 2023 GAAP earnings of $721 million, or $1.14 per diluted share. On an adjusted basis, the company's third-quarter 2024 earnings were $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share in third-quarter 2023. "We are pleased with our operational and financial results for the third quarter," said Jeffrey W. Martin, chairman and CEO of Sempra. "We remain focused on executing our business plan, improving safety and operations, and delivering more affordable services to our customers." Sempra's GAAP earnings for the first nine months of 2024 were $2.152 billion, or $3.38 per diluted share, compared with GAAP earnings of $2.293 billion, or $3.63 per diluted share, in the first nine months of 2023. Adjusted earnings for the first nine months of 2024 were $1.987 billion, or $3.12 per diluted share, compared to $2.201 billion, or $3.48 per diluted share, in the first nine months of 2023. The results for the first nine months of this year do not reflect the impact of the Sempra California general rate case decision that is pending at the California Public Utilities Commission (CPUC). The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for the third quarter and first nine months of 2024 and 2023. (Dollars and shares in millions, except EPS) Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 GAAP Earnings $ 638 $ 721 $ 2,152 $ 2,293 Equity losses from write-off of rate base disallowances resulting from Public Utility Commission of Texas' final order in Oncor Electric Delivery Company LLC's comprehensive base rate review — — — 44 Impact from foreign currency and inflation on monetary positions in Mexico (67) (36) (178) 166 Net unrealized (gains) losses on derivatives (5) — 13 (319) Net unrealized losses on contingent interest rate swap related to initial phase of the Port Arthur LNG liquefaction project — — — 17 Adjusted Earnings (1) $ 566 $ 685 $ 1,987 $ 2,201 Diluted Weighted-Average Common Shares Outstanding 638 632 637 632 GAAP EPS $ 1.00 $ 1.14 $ 3.38 $ 3.63 Adjusted EPS (1) $ 0.89 $ 1.08 $ 3.12 $ 3.48 1) See Table A for information regarding non-GAAP financial measures. Sempra California Last month, the CPUC issued a proposed decision on the general rate cases for Sempra California's utilities, which center on improving safety and reliability in alignment with California's clean energy goals while stabilizing energy bills. A final decision is expected by the end of the year with revenues retroactively applied to Jan. 1 of this year. Delivering energy to Sempra California's 25 million consumers safely and reliably while keeping bills as low as possible continued to be the focus in the third quarter. The San Diego region registered a new record in peak electricity demand of over 5 gigawatts in September, surpassing the previous record set in 2014 by nearly 150 megawatts. Investments in energy storage and infrastructure modernization benefited customers this summer with minimal energy interruptions despite high-heat conditions. Sempra Texas The State of Texas benefits from relatively low electricity costs and a supportive regulatory environment for investment. In combination, this is fueling economic expansion across the state and significantly higher projections for electric demand growth. Currently, Oncor Electric Delivery Company LLC's (Oncor) System Resiliency Plan (SRP), which includes nearly $3 billion of capital expenditures designed to reduce risk and over $500 million in incremental operations and maintenance expenses, is under review with the Public Utility Commission of Texas (PUCT) and is expected to be finalized this year. This fall, the PUCT approved the Permian Basin Reliability Plan proposed by the Electric Reliability Council of Texas. This plan identified substantial capital investments in transmission projects required to address electric demand growth forecasted over the next decade in the Permian Basin, much of which falls within or near Oncor's existing transmission footprint. The investment initiatives outlined in Oncor's SRP and any projects assigned to Oncor in the Permian Basin Reliability Plan would be incremental to Oncor's existing capital plan. Oncor continues to expect 2% long-term premise growth, and the company reported a 38% year-over-year increase in new transmission point of interconnection requests, which are in the queue to support the region's expected economic expansion. In third-quarter 2024, Oncor built, rebuilt or upgraded over 800 miles of transmission and distribution lines and placed eight substations into service. Against this backdrop, the business outlook for Oncor continues to strengthen, as the company expects significantly higher levels of capital investment in grid expansion, modernization and reliability. Oncor currently anticipates a meaningful 40-50% increase to its previously announced five-year capital plan of $24 billion and will provide an update on the next earnings call in February 2025. Sempra Infrastructure Globally, energy security and decarbonization trends continue to support the business outlook for Sempra Infrastructure, which is making progress developing projects in the U.S. Gulf and northern Mexico. Most notably, U.S. liquefied natural gas (LNG) exports remain an important component of the energy security for U.S. allies, as well as an opportunity to diversify their energy mix away from coal for electricity production. Sempra Infrastructure's dual-coast LNG strategy differentiates the company and bolsters its position as an energy infrastructure leader. Construction at Energía Costa Azul (ECA) LNG Phase 1 has progressed, and commercial operation is expected to commence in spring 2026. Additionally, the Gasoducto Rosarito Expansion Pipeline that will support gas supply to ECA LNG is expected to reach commercial operations in fourth-quarter 2024. Port Arthur LNG Phase 1 construction remains on time and on budget. Additionally, construction has commenced on the 72-mile Port Arthur Pipeline Louisiana Connector to support gas supply to Port Arthur LNG Phase 1. The company continues to advance development of its expansion projects in response to the ongoing global demand for cleaner fuels to support the decarbonization of the power sector and improved energy security. Earnings Guidance and Financial Update Sempra is updating its full-year 2024 GAAP earnings-per-common share (EPS) guidance range to $4.86 to $5.16 reflecting actual results through the third quarter and affirming its full-year 2024 adjusted EPS guidance range of $4.60 to $4.90. The company is also affirming its full-year 2025 EPS guidance range of $4.90 to $5.25. In addition, the company has put in place a $3 billion at-the-market (ATM) equity offering program to support general corporate purposes including its future financing needs and is also affirming its projected long-term EPS growth rate of approximately 6% to 8%. Non-GAAP Financial Measures Non-GAAP financial measures include Sempra's adjusted earnings, adjusted EPS and adjusted EPS guidance range. See Table A for additional information regarding these non-GAAP financial measures. Internet Broadcast Sempra will broadcast a live discussion of its earnings results over the internet today at 12 p.m. ET with the company's senior management. Access is available by logging onto the Investors section of the company's website, sempra.com/investors. The webcast will be available on replay a few hours after its conclusion at sempra.com/investors. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, audits, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service, Public Utility Commission of Texas and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining third-party consents and approvals and (v) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration, property disputes and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and the energy industry in Mexico and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) fluctuating interest rates and inflation; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California, and (iii) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the injection and withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov , and on Sempra's website, www.sempra.com . Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document. SEMPRA Table A CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts; shares in thousands) Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 REVENUES Utilities: Natural gas $ 1,195 $ 1,488 $ 4,798 $ 7,560 Electric 1,069 1,250 3,269 3,331 Energy-related businesses 512 596 1,360 2,338 Total revenues 2,776 3,334 9,427 13,229 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas (99) (260) (790) (3,254) Cost of electric fuel and purchased power 18 (183) (227) (385) Energy-related businesses cost of sales (134) (163) (297) (437) Operation and maintenance (1,326) (1,383) (3,871) (3,958) Depreciation and amortization (614) (563) (1,811) (1,651) Franchise fees and other taxes (175) (169) (515) (509) Other income, net 65 3 194 75 Interest income 17 19 47 60 Interest expense (328) (312) (944) (995) Income before income taxes and equity earnings 200 323 1,213 2,175 Income tax benefit (expense) 105 52 63 (499) Equity earnings 454 479 1,235 1,086 Net income 759 854 2,511 2,762 Earnings attributable to noncontrolling interests (110) (122) (325) (435) Preferred dividends (11) (11) (33) (33) Preferred dividends of subsidiary — — (1) (1) Earnings attributable to common shares $ 638 $ 721 $ 2,152 $ 2,293 Basic earnings per common share (EPS): Earnings $ 1.01 $ 1.14 $ 3.40 $ 3.64 Weighted-average common shares outstanding 633,752 630,036 633,342 629,963 Diluted EPS: Earnings $ 1.00 $ 1.14 $ 3.38 $ 3.63 Weighted-average common shares outstanding 638,061 632,324 636,566 632,231 SEMPRA Table A (Continued) RECONCILIATION OF SEMPRA ADJUSTED EARNINGS TO SEMPRA GAAP EARNINGS Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests (NCI)) in 2024 and 2023 as follows: Three months ended September 30, 2024: $67 million impact from foreign currency and inflation on our monetary positions in Mexico $5 million net unrealized gains on commodity derivatives Three months ended September 30, 2023: $36 million impact from foreign currency and inflation on our monetary positions in Mexico Nine months ended September 30, 2024: $178 million impact from foreign currency and inflation on our monetary positions in Mexico $(13) million net unrealized losses on commodity derivatives Nine months ended September 30, 2023: $(44) million equity losses from investment in Oncor Electric Delivery Holdings Company LLC (Oncor Holdings) related to a write-off of rate base disallowances resulting from the Public Utility Commission of Texas' (PUCT) final order in Oncor Electric Delivery Company LLC's (Oncor) comprehensive base rate review $(166) million impact from foreign currency and inflation on our monetary positions in Mexico $319 million net unrealized gains on commodity derivatives $(17) million net unrealized losses on a contingent interest rate swap related to the initial phase of the Port Arthur LNG liquefaction project (PA LNG Phase 1 project) Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation on our monetary positions in Mexico and net unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra GAAP Earnings and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA Table A (Continued) RECONCILIATION OF SEMPRA 2024 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA 2024 GAAP EPS GUIDANCE RANGE Sempra 2024 Adjusted EPS Guidance Range of $4.60 to $4.90 excludes items (after the effects of income taxes and, if applicable, NCI) as follows: $178 million impact from foreign currency and inflation on our monetary positions in Mexico $(13) million net unrealized losses on commodity derivatives Sempra 2024 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes significant items that are generally not related to our ongoing business activities and/or infrequent in nature. This non-GAAP financial measure also excludes the impact from foreign currency and inflation on our monetary positions in Mexico and net unrealized gains and losses on commodity derivatives for the nine months ended September 30, 2024, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2024 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2024 GAAP EPS Guidance Range. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra 2024 Adjusted EPS Guidance Range to Sempra 2024 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE Full-Year 2024 Sempra GAAP EPS Guidance Range $ 4.86 to $ 5.16 Excluded items: Impact from foreign currency and inflation on monetary positions in Mexico (0.28) (0.28) Net unrealized losses on commodity derivatives 0.02 0.02 Sempra Adjusted EPS Guidance Range $ 4.60 to $ 4.90 Weighted-average common shares outstanding, diluted (millions) 637 SEMPRA Table B CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) September 30, 2024 December 31, 2023 (1) ASSETS Current assets: Cash and cash equivalents $ 560 $ 236 Restricted cash 22 49 Accounts receivable – trade, net 1,716 2,151 Accounts receivable – other, net 422 561 Due from unconsolidated affiliates 14 31 Income taxes receivable 152 94 Inventories 519 482 Prepaid expenses 314 273 Regulatory assets 59 226 Fixed-price contracts and other derivatives 111 122 Greenhouse gas allowances 1,169 1,189 Other current assets 41 56 Total current assets 5,099 5,470 Other assets: Restricted cash 108 104 Regulatory assets 4,325 3,771 Greenhouse gas allowances 971 301 Nuclear decommissioning trusts 906 872 Dedicated assets in support of certain benefit plans 585 549 Deferred income taxes 144 129 Right-of-use assets – operating leases 888 723 Investment in Oncor Holdings 15,160 14,266 Other investments 2,412 2,244 Goodwill 1,602 1,602 Other intangible assets 299 318 Wildfire fund 268 269 Other long-term assets 1,706 1,603 Total other assets 29,374 26,751 Property, plant and equipment, net 59,275 54,960 Total assets $ 93,748 $ 87,181 (1) Derived from audited financial statements. SEMPRA Table B (Continued) CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in millions) September 30, 2024 December 31, 2023 (1) LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 2,187 $ 2,342 Accounts payable – trade 1,966 2,211 Accounts payable – other 227 224 Due to unconsolidated affiliates — 5 Dividends and interest payable 816 691 Accrued compensation and benefits 541 526 Regulatory liabilities 523 553 Current portion of long-term debt and finance leases 1,212 975 Greenhouse gas obligations 1,169 1,189 Other current liabilities 1,202 1,374 Total current liabilities 9,843 10,090 Long-term debt and finance leases 30,964 27,759 Deferred credits and other liabilities: Due to unconsolidated affiliates 347 307 Regulatory liabilities 4,118 3,739 Greenhouse gas obligations 495 — Pension and other postretirement benefit plan obligations, net of plan assets 377 407 Deferred income taxes 5,404 5,254 Asset retirement obligations 3,710 3,642 Deferred credits and other 2,610 2,329 Total deferred credits and other liabilities 17,061 15,678 Equity: Sempra shareholders' equity 29,703 28,675 Preferred stock of subsidiary 20 20 Other noncontrolling interests 6,157 4,959 Total equity 35,880 33,654 Total liabilities and equity $ 93,748 $ 87,181 (1) Derived from audited financial statements . SEMPRA Table C CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in millions) Nine months ended September 30, 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 2,511 $ 2,762 Adjustments to reconcile net income to net cash provided by operating activities 583 646 Net change in working capital components 55 1,610 Distributions from investments 654 668 Changes in other noncurrent assets and liabilities, net (261) (557) Net cash provided by operating activities 3,542 5,129 CASH FLOWS FROM INVESTING ACTIVITIES Expenditures for property, plant and equipment (5,765) (6,074) Expenditures for investments (588) (281) Purchases of nuclear decommissioning and other trust assets (658) (462) Proceeds from sales of nuclear decommissioning and other trust assets 704 503 Other 11 10 Net cash used in investing activities (6,296) (6,304) CASH FLOWS FROM FINANCING ACTIVITIES Common dividends paid (1,121) (1,109) Preferred dividends paid (22) (22) Issuances of common stock 26 — Repurchases of common stock (41) (32) Issuances of debt (maturities greater than 90 days) 6,437 6,911 Payments on debt (maturities greater than 90 days) and finance leases (2,216) (6,018) (Decrease) increase in short-term debt, net (929) 629 Advances from unconsolidated affiliates 85 31 Proceeds from sales of noncontrolling interests, net — 1,238 Distributions to noncontrolling interests (235) (289) Contributions from noncontrolling interests 1,121 1,036 Settlement of cross-currency swaps — (99) Other (39) (78) Net cash provided by financing activities 3,066 2,198 Effect of exchange rate changes on cash, cash equivalents and restricted cash (11) 6 Increase in cash, cash equivalents and restricted cash 301 1,029 Cash, cash equivalents and restricted cash, January 1 389 462 Cash, cash equivalents and restricted cash, September 30 $ 690 $ 1,491 SEMPRA Table D SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES AND INVESTMENTS (Dollars in millions) Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Earnings (Losses) Attributable to Common Shares Sempra California $ 247 $ 290 $ 1,145 $ 1,247 Sempra Texas Utilities 261 305 646 548 Sempra Infrastructure 230 223 652 746 Parent and other (100) (97) (291) (248) Total $ 638 $ 721 $ 2,152 $ 2,293 Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Capital Expenditures and Investments Sempra California $ 1,117 $ 1,144 $ 3,329 $ 3,344 Sempra Texas Utilities 193 92 578 270 Sempra Infrastructure 824 652 2,443 2,736 Parent and other 2 1 3 5 Total $ 2,136 $ 1,889 $ 6,353 $ 6,355 SEMPRA Table E OTHER OPERATING STATISTICS Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 UTILITIES Sempra California Gas sales (Bcf) (1) 54 55 254 280 Transportation (Bcf) (1) 157 165 419 438 Total deliveries (Bcf) (1) 211 220 673 718 Total gas customer meters (thousands) 7,107 7,047 Electric sales (millions of kWhs) (1) 857 1,075 2,453 3,645 Community Choice Aggregation and Direct Access (millions of kWhs) 3,962 3,472 10,023 9,001 Total deliveries (millions of kWhs) (1) 4,819 4,547 12,476 12,646 Total electric customer meters (thousands) 1,529 1,515 Oncor (2) Total deliveries (millions of kWhs) 46,208 47,736 123,864 120,571 Total electric customer meters (thousands) 4,027 3,953 Ecogas México, S. de R.L. de C.V. Natural gas sales (Bcf) 1 1 3 3 Natural gas customer meters (thousands) 162 155 ENERGY-RELATED BUSINESSES Sempra Infrastructure Termoeléctrica de Mexicali (millions of kWhs) 1,081 1,105 2,711 2,022 Wind and solar (millions of kWhs) (1) 687 827 2,294 2,525 (1) Includes intercompany sales. (2) Includes 100% of the electric deliveries and customer meters of Oncor, in which we hold an indirect 80.25% interest through our investment in Oncor Holdings. SEMPRA Table F STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Three months ended September 30, 2024 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 2,256 $ — $ 538 $ (18) $ 2,776 Cost of sales and other expenses (1,344) — (359) (13) (1,716) Depreciation and amortization (536) — (76) (2) (614) Other income (expense), net 43 — (4) 26 65 Net interest (expense) income (209) (1) 7 (108) (311) Income tax benefit (expense) 37 (1) 43 26 105 Equity earnings — 263 191 — 454 Earnings attributable to noncontrolling interests — — (110) — (110) Preferred dividends — — — (11) (11) Earnings (losses) attributable to common shares $ 247 $ 261 $ 230 $ (100) $ 638 Three months ended September 30, 2023 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 2,725 $ — $ 629 $ (20) $ 3,334 Cost of sales and other expenses (1,800) (2) (356) — (2,158) Depreciation and amortization (491) — (71) (1) (563) Other income (expense), net 23 — (2) (18) 3 Net interest expense (187) — (3) (103) (293) Income tax benefit (expense) 20 — (24) 56 52 Equity earnings — 307 172 — 479 Earnings attributable to noncontrolling interests — — (122) — (122) Preferred dividends — — — (11) (11) Earnings (losses) attributable to common shares $ 290 $ 305 $ 223 $ (97) $ 721 SEMPRA Table F (Continued) STATEMENTS OF OPERATIONS DATA BY SEGMENT (Dollars in millions) Nine months ended September 30, 2024 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 8,022 $ — $ 1,466 $ (61) $ 9,427 Cost of sales and other expenses (4,745) (4) (939) (12) (5,700) Depreciation and amortization (1,585) — (221) (5) (1,811) Other income, net 159 — 2 33 194 Net interest (expense) income (615) (1) 19 (300) (897) Income tax (expense) benefit (90) (1) 67 87 63 Equity earnings — 652 583 — 1,235 Earnings attributable to noncontrolling interests — — (325) — (325) Preferred dividends (1) — — (33) (34) Earnings (losses) attributable to common shares $ 1,145 $ 646 $ 652 $ (291) $ 2,152 Nine months ended September 30, 2023 Sempra California Sempra Texas Utilities Sempra Infrastructure Consolidating Adjustments, Parent & Other Total Revenues $ 10,840 $ — $ 2,485 $ (96) $ 13,229 Cost of sales and other expenses (7,601) (5) (981) 44 (8,543) Depreciation and amortization (1,435) — (210) (6) (1,651) Other income (expense), net 66 — 11 (2) 75 Net interest expense (558) — (102) (275) (935) Income tax (expense) benefit (64) — (555) 120 (499) Equity earnings — 553 533 — 1,086 Earnings attributable to noncontrolling interests — — (435) — (435) Preferred dividends (1) — — (33) (34) Earnings (losses) attributable to common shares $ 1,247 $ 548 $ 746 $ (248) $ 2,293 SOURCE Sempra

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Sempra Earns Perfect Score on CPA-Zicklin Index

SAN DIEGO, Oct. 28, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been recognized as a Trendsetter for the ninth consecutive year for its civic transparency by the Center for Political Accountability's annual CPA-Zicklin Index of Corporate Political Disclosure and Accountability. Sempra received a perfect score of 100% and was named a "Model Code" company for demonstrating an emblematic commitment to ethical behavior. The CPA-Zicklin Index, which is produced in conjunction with the Zicklin Center for Governance & Business Ethics at the University of Pennsylvania's Wharton School, assesses political disclosure and accountability policies and practices for election-related spending by S&P 500 and Russell 1000 companies, including political spending policies and board oversight. "Earning a perfect score on the CPA-Zicklin Index is a reflection of the strength of Sempra's commitment to good and prudent governance, and a corporate strategy that recognizes ethical behavior, responsible stakeholder engagement and corporate citizenship as foundational to the company's performance," said Lisa Larroque Alexander, senior vice president of corporate affairs at Sempra. "Sempra stays true to our values — do the right thing, champion people and shape the future — and we believe responsible political engagement is a vital contributor to Sempra's long-term success. We look forward to continuing our work as a leader in political disclosure and accountability for the shared benefit of our shareholders and other stakeholders." Highlights for Sempra's recognition this year include the following: Sempra received a raw score of 70 out of 70, which equates to an overall score of 100% on the CPA-Zicklin Index. This year, the average overall score for political disclosure and accountability was 59.9% for all S&P 500 companies. Sempra is one of only seven companies in the S&P 500 to earn a perfect 100% score. Companies scoring 90% or higher on the Index are considered "Trendsetters" and represent models among S&P 500 and Russell 1000 companies for disclosure regarding political policies and spending. "We applaud Sempra for exceeding industry standards related to political spending disclosure and accountability and are pleased that Sempra is one of the inaugural companies committing to follow the CPA-Zicklin Model Code for Corporate Political Spending," said Bruce Freed, president at CPA. Additionally, Sempra was among the first public companies in the nation to be designated Model Code Companies, which reflect alignment with the CPA-Zicklin Model Code of Conduct for Corporate Political Spending. The Model Code was developed to help companies manage risks associated with election-related spending and provides a framework of 12 provisions designed to enhance disclosure and accountability and consider societal interests and democracy in companies' political spending decisions. In addition to being recognized in this year's CPA-Zicklin Index, Sempra has been named to the FTSE4Good Index Series, CNBC and JUST Capital's "JUST 100" and the Dow Jones Sustainability Index North America, among other prominent recognitions for its ethical and sustainable business practices. About SempraSempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

SDG&E Advances Climate Preparedness with Launch of State-of-the-Art Wildfire and Climate Resilience Center

SAN DIEGO, Oct. 24, 2024 /PRNewswire/ -- As the operating environment for utilities becomes more challenging, San Diego Gas & Electric (SDG&E) is stepping up to lead the energy sector in climate preparedness. The company has unveiled its updated cutting-edge Wildfire and Climate Resilience Center, innovating in wildfire mitigation and grid safety. SDG&E's new Wildfire and Climate Resilience Center is the latest innovation in the company's commitment to building an electrical grid designed to withstand the intensifying effects of climate change. One of the most technologically advanced in the industry, the Center serves as a hub for research, development and implementation of innovative solutions by bringing AI and predictive modeling together with shared technology and intelligence with emergency responders to help enable a swift and integrated response to regional threats. The combination of extensive data and advanced modeling also contributes to improved energy affordability by enabling cost-efficient decision-making that helps reduce risk at a lower cost for customers. "Our commitment goes beyond reacting to climate challenges. We are focused on anticipating and preparing for them," said Caroline Winn, SDG&E's Chief Executive Officer. "By leveraging strategic investments, collaborations and community engagement, SDG&E is building the industry leading platform to support a more sustainable, resilient energy grid that is better prepared to meet the challenges of today and tomorrow." The Wildfire and Climate Resilience Center also serves as SDG&E's new Emergency Operations Center, a critical hub during extreme weather events and major disasters. Equipped with advanced communication and coordination tools, the center is designed to enhance safety for employees and the public. The company's Wildfire and Climate Resilience Center is a centralized focal point of SDG&E's climate resilience strategy: Advanced weather monitoring: SDG&E operates one of the nation's most sophisticated weather forecasting networks, offering real-time data to better anticipate and address weather-related threats. The company's systems use millions of historical weather data points going back to 2010 to assist in training AI-based wind forecasting models, including one of the first AI-trained Santa Ana Wind Gust forecast models in the industry. AI and machine learning: These cutting-edge technologies can help predict and mitigate wildfire impacts on the energy grid. For example, SDG&E conducts more than 10 million virtual wildfire simulations daily to inform operational wildfire risk models, and uses more than 3.8 million drone images of company infrastructure to train AI-based inspection models. Partnerships with academia: SDG&E partners with leading academic institutions such as Scripps Institution of Oceanography's Center for Western Weather and Water Extremes, San Jose State University, San Diego Supercomputer Center and the University of Wisconsin-Madison Space Science and Engineering Center to develop weather products to better anticipate extreme events, visualize and share weather and fuel moisture data, analyze fire potential and detect wildfires using real-time satellite data. Community collaboration: SDG&E works closely with local communities and stakeholders to achieve more inclusive and effective climate resilience efforts. Fire-resistant infrastructure: The company continues to invest in fire-hardened systems, including undergrounding, steel poles, and vegetation management, that aim to reduce wildfire risk. Workforce training: Extensive training programs are equipping SDG&E's workforce to manage and maintain a resilient grid. Beyond immediate operations, the Wildfire and Climate Resilient Center plays a vital role in inspiring future energy professionals, advancing wildfire and climate science, and engaging local youth in climate resilience education through a new Resilience Zone. This fun and engaging learning center includes three climate science labs, and a series of interactive exhibits designed to educate young students and partner with academia to advance and share wildfire and climate science as it relates to the energy grid. To learn more about SDG&E's wildfire safety initiatives, visit sdge.com/wildfire-safety. About SDG&ESDG&E is an innovative energy delivery company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by increasing energy delivered from low or zero-carbon sources; accelerating the adoption of electric vehicles; and investing in innovative technologies to ensure the reliable operation of the region's infrastructure for generations to come. SDG&E is a recognized leader in its industry and community, as demonstrated by being named Corporate Partner of the Year at the San Diego Business Journal's Nonprofit & Corporate Citizenship Awards and receiving PA Consulting's ReliabilityOne ® Award for Outstanding Reliability Performance for 18 consecutive years. SDG&E is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SDGEto day.com or connect with SDG&E on social media @SDGE. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax and trade policy and (ii) due to the results of elections; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SOURCE San Diego Gas & Electric (SDG&E)

Sempra to Report Third-Quarter 2024 Earnings November 6

SAN DIEGO, Oct. 21, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its third-quarter 2024 earnings by 8 a.m. ET on Wednesday, November 6. Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer, and other senior leaders from across the company will host a conference call at 12 p.m. ET on Wednesday, November 6. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation detailing the earnings results will be published to Sempra's Investors site by 8 a.m. ET on Wednesday, November 6. For those unable to obtain access to the live webcast, it will be available on replay a few hours after its conclusion. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra. SOURCE Sempra

Sempra Infrastructure CEO Justin Bird Receives 'Energy Leader of the Year' Award

HOUSTON, Oct. 17, 2024 /PRNewswire/ -- Sempra Infrastructure CEO Justin Bird was honored as the Energy Leader of the Year during the Gulf Energy Information Excellence Awards held last week in Houston. The awards event recognized the energy industry's innovation and thought leaders. "I am honored and humbled to have been recognized amongst my peers for the prestigious Energy Leader of the Year Award," said Bird. "This honor is a recognition of the work of the broader Sempra Infrastructure team and the dedication of each of my colleagues toward advancing our mission to build North America's leading energy infrastructure company and to provide safe, sustainable and reliable access to cleaner energy." "We are honored to present Justin Bird with the Energy Leader of the Year Award for his exceptional leadership in the development of energy infrastructure that enhances the energy transition while ensuring energy security for the United States and its allies across the globe," said John Royall, Chief Executive Officer, Gulf Energy Information. "We received nearly 500 nominations this year, from which more than 180 finalists emerged. This is a record year for nominations, and a testament to the evolution in the technologies shaping the global oil and gas industry." In addition to receiving the Energy Leader of the Year Award, Sempra Infrastructure also received the DE&I in Energy Award for the achievements of its Growing Responsibilities and Opportunities for Women (GROW) employee resource group. Launched in 2020, Sempra Infrastructure's GROW initiative has more than 365 members and is focused on building women's leadership capacity through fostering belonging, development and networking opportunities for women throughout the organization. "I am thrilled that our GROW initiative received recognition for its efforts in providing development opportunities at Sempra Infrastructure," said Tania Ortiz-Mena, president of Sempra Infrastructure and executive sponsor of GROW. "It is critical that companies proactively work to make training and access to leadership available to all employees in order to gain diverse input and reap the benefits of innovation, creativity and problem solving." The Gulf Energy Information Excellence Awards honor top performance in the industry, recognizing innovation and technological advancements across each market segment. Honorees received awards in 29 categories, encompassing the full breadth of the oil, gas and energy industries. About Sempra Infrastructure Sempra Infrastructure, headquartered in Houston, is focused on delivering energy for a better world by developing, building and operating low carbon solutions, energy networks, and LNG infrastructure that are expected to play a crucial role in the energy systems of the future. Through the combined strength of its assets in North America, Sempra Infrastructure is helping meet changing energy needs and creating access to renewable power and natural gas, while advancing carbon sequestration and clean hydrogen. The company is a recognized industry leader, having received the 2023 World Energy Transition Award at the World LNG Summit. Sempra Infrastructure is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SempraInfrastructure.com or connect with Sempra Infrastructure on social media @SempraInfra. SOURCE Sempra Infrastructure

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

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